14 million shares outstanding with ARES warrents this company should be trading at 100 right now unbeliveable cheap
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.
are sitting on.
Very good purchase on there part and hopefully they are still buying more at this level
That would bring EV vale at 1.1 billion which is still extremely cheap for the land and reseves this company owns
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
i smell a huge rip coming
no braine r
Wallstreet will catch on soon. No brainer buy here
What you fail to realize is there is an underlying bid by CXO to aquire this coamny for 70-100 a share if the CEO Mr. Clayton was on board since he owns more then 51% of company. Also ARE Management has aquired 2.2 million warrents are 22 a share with there 350 mill load to the company. They have been buying in the open market everyday. Looks like tehy want to aquire another 3.5 million shares bwteen them and Third point hedge fund and then they will have the majority share of the company and turn around and sell to CXO for 100. Rising oil prices will only increase the value they can sell for at 50 oil they should be able to fetch 120 a share. plus the 2 million share short they will rush to cover could be a real ugly day coming very soon for them.
ares buying up all the stock in open market to gain majority control then sell off for 80-100 a share
CWEI has a substantial land position in the Permian Basin.
CWEI trades at a significant discount to its peers on an enterprise value to leased acre basis.
CWEI should be valued at $500 per share, implying an increase of 285% vs. the current stock price of $129.92 (as of July 10, 2014).
By Andre Kovensky and Alyjan Daya
Investment Summary: The Permian Basin is potentially the largest oil and gas basin in the United States. Clayton Williams Energy (NYSE:CWEI) has a substantial land position in the Permian Basin (Wolfbone in the Delaware Basin and Wolfberry in the Midland Basin) but trades at a significant discount to its peers on an enterprise value ("EV") to leased acre basis. We believe that CWEI should be valued at $500 per share, implying an increase of 285% versus the current stock price of $129.92.
things can turn very fast gents