jtrain, your posts are misleading and/or wrong. I will not use the word "laughable" to characterize your comments although you did this for my comments. Instead, I will let the facts speak for themselves.
1) See the map from SEA's presentation. The company's assets are located at the WET GAS window of the Eagle Ford while LNR's assets are located the CRUDE OIL window of the Eagle Ford shale.
SEA's map is pretty clear. Hope you know what "wet gas" window means.
2) It is not a matter of production in absolute terms. We calculate the ratios here. This is how an E&P company is evaluated.
3) Regarding "Value Digger", I have been following him since early 2013. He recommends Epsilon Energy (EPS.T, EPSEF) now. Thanks to him, I have quadrupled the value of my portfolio since early 2013. This is 400% return. Enough said.
4) It seems that you have never worked for a brokerage firm. The peers used by Value Digger are the best comparables and this is what the analysts of the brokerage firms also do. He did not re-invent the wheel.
The E&P companies are categorized in juniors, intermediate, majors, integrated. And it goes on: oil-weighted, nat gas weighted, 50%-50%.
and it goes on: Assets in safe jurisdictions, onshore assets, offshore assets, assets in Africa, South America etc.
All the peers (AZZ, SSN, LNR, etc. etc.) are oil-weighted juniors with US-operations and onshore production. It does not get any better.
SEA Price at posting:
$1.41 Sentiment: None Disclosure: Not Held
