They value the Eagleford in the report @ $40,000 an acre.
Antares sold the rest of it for $8,600 an acre!!!!
They got $160M for it, going by the report, if the company had carried on in the Eagleford it would now be valued at $750M.
In other words the move has cost shareholders $600M. Less the increased value of Southern Star ($220M-62M = 160M) deduct all the losses at BS and NS so far add back some lease values and call the total gain $200M tops, thus $400M has been lost for shareholders!!!!
Says it all really
LOTM
AZZ Price at posting:
55.0¢ Sentiment: Sell Disclosure: Held