can't we join the party????
Lonestar has built a sizable ~35K net acre 100% operated position in the volatile oil
window of the Eagle Ford (EF) and generated solid results through the drillbit while
bringing down costs at the same time. The company also has a sizable position in the
Bakken Petroleum System that provides future upside, as well as conventional assets
with long-lived reserves and a low capital requirements that provide consistent cash
flow. At a 2016 EV/EBITDA of only 4.1x, Lonestar trades at a substantial discount to the
EF average of ~6.0x, which we feel is unwarranted given its growth profile and strong