Wyllie Group, the sale & the almost 200% Gain, page-6

Once again Craig Coleman was on the boards of both LNR and wyllie therefore an insider.

once again, LNR's earnings remain inferior to SEAs and thus trades at a higher multiple making it more expensive than SEA. Highlights for me just how much of LNR's reserves remain undeveloped and reinforces that SEAs reserves are only reflective of less than half of their EF interests.

I would rather see your mate compare LNR to its peer group such as swift, abraxas or Sundance.

Unfortunately I suspect that LNR will prove to be running ahead of its peer group in terms of relative value ie expensive.

Good of luck with your investment