i smell a huge rip coming
Yeah anyone with hald a brain will be buying back as much debt as they can at 40 cents on dollar. Buy all you can here
That would bring EV vale at 1.1 billion which is still extremely cheap for the land and reseves this company owns
Very good purchase on there part and hopefully they are still buying more at this level
are sitting on.
April 28 2011 – Antares Energy paid $62 million for 3,109 acres, or $19,942/acre
April 28 2011 – Berry Petroleum paid $123 million for 6,000 acres, or $20,500/acre
May 12 2011 – W&T paid $366 million for 21,500 acres, or $17,000/acre
June 22 2011 – Laredo paid $1 billion for 65,000 acres or $15,000/acre
Dec 6 2011 – Comstock paid $332.7 million for 44,000 acres for $7,561/acre
Dec 22 2011 – Concho paid $175 million for 10,200 acres, or $17,157/acre
Feb 11 2012 – Energen paid $65.8 million for 3,200 acres, or $20,300/acre
The average value per acre in these seven deals is $16,780. Lynden has 6310 net acres, all of which are in producing areas (especially with the first producing well on their Tubb property). That would give Lynden’s Wolfberry assets a value of $105,881,800—with 109 million shares out that’s 97 cents value.
14 million shares outstanding with ARES warrents this company should be trading at 100 right now unbeliveable cheap
EVEP has 1/3 the debt as lgcy and much better properties. Please do more research before you post nonsense
no brainer buy here
Thats with 48 oil. IF we see 55-60 oil in next few months this will be over a buck. limited downside here with the new restructruing plan
No brainer buy here gents thank you. Should have a 20 handle with 50 oil easy
Great assets in all classes. Be patient grasshopper we will be going much higher. They are looking to unload some Cali acreage and should fetch around 1 billion for 200k acres. Stay tuned !
Sentiment: Strong Buy