29
Sep
Wrap – Week Ended 09/28/18
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29
Sep
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Z – have you looked at Roan Resources? It's a new company as a result of a series of restructuring traced back to Linn Energy. Still OTC listed so very low publicity / liquidity. $2.7 billion market cap; $13/boe EV/1P; ~4.5x 19E EV/EBITDA at $65 WTI so it's perhaps at ~4x 19E EBITDA at current oil price; ~$100 million 19E outspend at $65/bbl WTI so probably FCF neutral at current oil price; Management team all ex-EOG, and EOG had been aggressively leasing acreages next-door in McClain county. Will get to NYSE main body listing by year end.
September 29th, 2018 at 11:41 amre 1 – will do
Canada and US sign new NAFTA deal.
September 30th, 2018 at 9:40 pmYep. NAFTA goes away and will be renamed as US – Mex -Canada Agreement
amazing Stuff. Market looks to be excited about this.
September 30th, 2018 at 9:46 pm