Lonestar's Gross Undervaluation and the WLL/KOG Acquisition Deal

Another deal that confirms LNR's gross undervaluation at the current levels of $0.46 (US) or A$0.48 (Sydney).

LNR trades approximately 4.5 times its 2014 EBITDA at the current price of $0.46 (US) or A$0.48 (Sydney).
(or 4.3 times if Lonestar reaches $125 million EBITDA for 2014, according to the upper end of its guidance).

Whiting (WLL) acquired Kodiak (KOG) just two days ago, paying 8 times KOG's EBITDA for 2014.

WLL paid $6 billion while KOG's EBITDA for 2014 is estimated at $750 million.

KOG is an intermediate oil-weighted producer in North Dakota.

Here is the link with this fresh deal:

http://kodiakog.investorroom.com/index.php?s=43&item=233


and to do your math, this is KOG's EBITDA in Q1 2014:


http://kodiakog.investorroom.com/index.php?s=43&item=232