Another High-Premium, Multi-Billion-Dollar Canadian Oil Deal
Strathcona Resources will acquire Greenfire Resources for C$2.8 billion including debt, valuing the Canadian heavy-oil producer at up to a 39% premium.
Strathcona Resources will acquire Greenfire Resources for C$2.8 billion including debt, valuing the Canadian heavy-oil producer at up to a 39% premium.
I can not stress enough how $NUAI is an absolute zero now. No chance they land hyperscalers partner on TX. They don’t have much cash either, they were hoping to issue equity at a much higher price.
Even with the nice move today, $SKIN still only trades for ~4.5x EV/EBITDA. To potentially regain inclusion in the Russell 2000 (it was recently deleted), I estimate that $SKIN would have to trade for around 5.5x EV/EBITDA, or roughly $23 per share. That doesn’t seem like a high bar for a stable, capital-light business that should start generating meaningful FCF while also benefiting from two new pending product upgrade cycles.
Sell TV, keep executing, initiate fat buy back, repeat. $EVC
Best part of $GPRE earnings call: "As all of our projects compete for capital, from time to time, we expect to be buyers of our own shares as well, and it may be one of the highest cash flow accretive options available" They can repurchase 8% (~5.5M) of the outstanding shares.
Seeing a handful of companies absolutely slash guidance recently... $GIL moving from $4.65-4.75 EPS to $3.70-3.80 with only 1 quarter to go in the year is a pretty sharp turn in outlook...
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