we trade at about 1 x ebitda, add in 3000 a day from the rest of North Sea acqu. which will finalize any day now = 270 + million and then rochelle = 400 million + a year= we trade at .6 x ebitda 2013.....crazy cheap at a noraml 4-6 x = 24-36$ a share
How much oil and gas does END have now and if the comany was sold what would be the sale price per barrel taking into account its debt? Let's do this with and without Rochelle and the otther deals.. How does this compare to other companies? I think this will tell us if we should hold or sell.
I would like to buy more and sell calls, if we know the cost per barrel we can figure out its take over price and go from there. This should also tell us if Mr T is overpaid