that peter thinks the devon and the pure energy valuations both around the bill, are comparable.
But that pes have a lot of cap spending on infrasrtucture
but devon, and mae, do not.
Maes proximity to infrastructure a BIG plus.
Also, the timing, that they would sort some sort of roll over for the debt, and their preference is well and truely for outright sale.
No mistake, out right sale, but he did say, on the other side of the coin, they would have to consider, if an extremely attractive jv was presented.
talking about the billion dollar valuations,,,,
gas prices are about to rise, shorters, no more prepared to drop it, and, could be that some producers, prepared to turn the taps off, until prices rise, will force the gas price up.
The sale of mae, into an envrionement where the buyers, look at buying an asset, into a strengthening comodity, means, that there is likely, then, to be more than one buyer.
It is the ideal time to sell, when a comodity has growth, the beginning of the bull, then you have a buying frenzy.
I said, heck if we get half the devon sale, as a poe, and it went over very smoothly, and his response in the affirmative, to indicate, that if we were presented with such an offer, it would simply handed over to the shareholders to vote on it. circa 1.25 fully dilluted.
Then we chatted about the brewing climate, and potential of such an environment for a buying frenzy of valued reserves.
And finally, the reserves will be posted when they get them.
MAE Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Held
