$PEAK - Montney vs Permian acreage in $ - Dave & PB-CEO - $PEAK - InvestorVillage
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Msg  52442 of 53511  at  1/11/2017 11:11:08 AM  by


The following message was updated on 1/11/2017 12:25:51 PM.

 In response to msg 52440 by  peter_burke_ceo
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Re: Montney vs Permian acreage in $ - Dave & PB-CEO

Mmmm.. Actually that's not what Dave is saying and, Dave, I am also not complaining :-). 
It's just a comparison I found, so I am just showing it.
I have used it as a base to value my top current pick: RMP.
PB-CEO: I am not sure what would anyone find normal and that's hard to define when values differ so grotesquely. 
Average IRR @ $ 50 WTI:
Permian: 32%-42%
Montney: 38% -130% 
What I can compare rationally is IRR vs Acreage cost.
RMP's Gold Creek has an IRR of 199% @ US $ 50 WTI - A producing Waskahigan (95% IRR) and Kaybob properties for which you currently pay ~$ 750 per acre.
If $ 2.500 - $ 4.000 per acre is normal vs $US 27.500- $US 50.000 for the permian, there seems to be 2 clear conclusions that can be made (also taking the Montney article into account):
  1. Given the Montney IRR there seems to be upside to that $ acreage number for the higher IRR plays in the Montney
  2. RMP's $ 750 per acre with producing properties in all key 3 area's seems abnormally low 

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Msg # Subject Author Recs Date Posted
52443 Re: Montney vs Permian acreage in $ - Dave & PB-CEO peter_burke_ceo 1 1/11/2017 11:23:34 AM

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