Even after wipeout of Canadian E&P's, PWE/PWT still conservatively worth C$2.92/share based on comp | OBE Message Board Posts


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Msg  13693 of 21771  at  8/26/2015 10:44:23 AM  by

batman10023


 In response to msg 13686 by  the_old_weasel
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Re: Even after wipeout of Canadian E&P's, PWE/PWT still conservatively worth C$2.92/share based on comps

that's a good question that i have thought about. honestly i don't know.


Ignoring the fact that i would have hedged. From my recollection SU did hedge but i could be wrong about that. so putting that aside - as you know my view on that.

well, first if i haven't spent the money i raised in 2013 (i think he raised the money), i'd try to spend it on some distressed assets.

in terms of PWE - i'd do the following:
1) get rid of the dividend
2) another major round of cost cuts
3) attempt to find a buyer for the company in it's entirety. pretty much at any price.
4) assuming that doesn't work - get any asset sale off that they can, get leverage down a bit and then in 6 months (hoping oil prices stabilize) try step 3 again.



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Msg # Subject Author Recs Date Posted
13698 Re: Even after wipeout of Canadian E&P's, PWE/PWT still conservatively worth C$2.92/share based on comps the_old_weasel 0 8/26/2015 10:56:35 AM




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