longt,
A stab at a valuation for LT is as follows:
1 - Reserves basis:
On 2P reserves of 453PJ, that equates to 78MMbbl. ROC recently sold 10% of BMG to Pertimina for about A$14/bbl - looks like a fire sale. This would equate to a valuation of A$1.1B. BPT sold 10 last year for a lot more.
2 - EBITDAX multiple basis:
If LT will deliver A$70/yr for 10-12 yrs at discount rate of 10% is about A$450m + premium for upside of say 50%.
Patersons has a valuation on LT of A$212M (June-09)
Hartleys has a valuation on LT of A$270M (June-09)
Southern Cross?
Valuation of oilers is very challenging and depends on a number of things - upside, acquirer - passive investment or operatorship, net-backs...
Who know what someone will pay?
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longt,A stab at a valuation for LT is as follows:1 - Reserves...
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Last
24.0¢ |
Change
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Mkt cap ! $70.11M |
Open | High | Low | Value | Volume |
24.0¢ | 24.0¢ | 24.0¢ | $500 | 2.084K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 17501 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.0¢ | 25725 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 17501 | 0.230 |
1 | 4545 | 0.220 |
1 | 25000 | 0.215 |
3 | 14448 | 0.205 |
2 | 23000 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 25725 | 2 |
0.260 | 145820 | 2 |
0.295 | 3390 | 1 |
0.310 | 45789 | 1 |
0.330 | 180900 | 3 |
Last trade - 10.33am 12/08/2024 (20 minute delay) ? |
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