EEG 6.12% 23.0¢ empire energy group limited

nice move, page-13

  1. 536 Posts.
    The Armour Energy IPO that the Fin is talking about this morning sounds like its going well. Applying that valuation gives around 10c a to EEG (based on my back of the envelope calculation) , which implies you get Marcellus, Utica and all the current oil production for basically 0. It seems ridiculous so I must be missing something ?!
 
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