Re: Coop dreaming
I have looked at the metrics, but I'm not at home at the moment, so I don't really want to quote from memory. Annualized Cfps rises to the mid 70 cent range after Stella is fully producing. I think by 2017, iae gets their debt down to around 300 million. But again, I can't remember the exact numbers, but I do remember these numbers are assuming higher oil than we are now. I think that'll happen.
However, I couldn't disagree more on the comment that Stella is priced in. We are in a "show me market". When Stella comes on, iae will be a higher. Several brokerages have target prices well above this price, so obviously they don't think Stella is priced in either.