Another offer today gives the Australian investors another idea about how much the American and the international investors are willing to pay for oil-weighted growth juniors with US-assets.
Antares Energy (AZZ), an Australian junior with US operations similar to LNR, received this morning a letter of intent in amount of $300,000,000 for purchase of all Permian assets. This is from Reuters:
http://www.reuters.com/finance/stocks/AZZ.AX/key-developments/article/3024612
AZZ operates in the Permian Basin which is close to the Eagle Ford where LNR operates. Both areas receive the same pricing.
AZZ currently produces approximately 1,200 boepd (55% light oil) and has 2014 EBITDA at approximately $15 million.
In Q1 2014, AZZ had EBITDA below $3 million, so the estimate of $15 million is a rich estimate.
So the suitor pays $250,000 per boepd and 20 times the 2014 EBITDA to acquire AZZ.
LNR
At the current price of $0.46 (US listing) and A$0.48 (Sydney), LNR has Enterprise Value at $538 million.
So LNR currently trades at $114,000/boepd and just 4.6 times the 2014 EBITDA.
LNR guides for 2014 EBITDA of $105 million to $125 million, so I used the average figure of $115 million.
- Forums
- ASX - By Stock
- What AZZ acquisition offer means for LONESTAR RESOURCES
Another offer today gives the Australian investors another idea...
-
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LNR (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.330M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $2.765K | 921.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 45705897 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 992314 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
49 | 45705897 | 0.002 |
18 | 67024077 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 992314 | 2 |
0.004 | 24138052 | 24 |
0.005 | 15312122 | 16 |
0.006 | 12335280 | 15 |
0.007 | 4985802 | 12 |
Last trade - 14.25pm 03/09/2024 (20 minute delay) ? |
Featured News
LNR (ASX) Chart |