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Msg  14341 of 21771  at  9/2/2015 10:37:14 AM  by

raptors1


 In response to msg 14317 by  Nawaralsaadi
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Re: Weyburn Unit

 Weyburn will sell, for about what you suggest, $225mm I would guess, maybe a bit less. It is a great asset this is why it was never mentioned as a sale candidate previously. Very large free cash flow being spun off from their unit interest. You are making a large mistake looking at production as your only metric for valuing assets.
 
Perhaps you should ask management, your close friends who you have tea with and advise apparently, what % of free cash flow does the Weyburn unit interest provide to PWT corporately. You might also want to ask that same question regarding the royalty interests that were sold to Freehold, along with the GORR on the Viking production drilling program. I might add the royalty interest properties were also never mentioned as a sale candidate in the original mgmt plan.
 
PWT is selling what people will buy, not what they want to sell. They are selling all their highest revenue netback properties. Folks this is a death spiral. 
 
The debt holders are in control of this company. 


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Msg # Subject Author Recs Date Posted
14348 Re: Weyburn Unit batman10023 2 9/2/2015 11:15:16 AM




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