Anybody have an opinion on VLGC rates for 2016-2017? The US NGL export market has been busy.
SandRidge (SD) just bought $190M in Niobrara leaseholds this week. This is a company that has an EV of $3.3B and a market cap of $180 million. They somehow found $190M in cash to buy Niobrara assets.
That being said, SYRG must be in a perfect sweet spot to grow value in this low price environment. I welcome comments that will know more of the mathematics of the SD purchase.