the also downgraded on 12/19 to neutral....drove price down to 4.70 day of...you know the rest of the story....as for "dilution"...one needs to know the difference between selling shares in distress or selling shares for growth - scoop em up at 6.50
6x ebitda purchase for PDP is optimistic especially if its a dropdown...more likely in the 8-10 range...the 1.8 in '16 dcf looks reasonable but Id expect more equity to get dcf back to uno....
UEO was only gonna generate 40mn in ebitda...how do u figure a buck lost in dcf....past that stick will ya!
How's that long intc short tnk trade working for you nappy?
How many 2016 Bcfe/day do u think they can buy with 500mn strip pricing?