Diversified has announced the acquisition of a portfolio of East Texas upstream assets and related facilities from a private seller for US$50m – an attractive 1.4x multiple based on the NTM adjusted EBITDA of US$35m and before any potential synergies. At US$50m, the net purchase price approximates a >PV40 valuation at the effective date and represents an attractive discount of c51% to the estimated PV10 using the NYMEX strip as of the 19 April 2022. The assets include PDP reserves of 18mmboe (11 ....
23 May 2022
Cenkos:Diversified Energy Company Plc - Central Region Consolidation
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Cenkos:Diversified Energy Company Plc - Central Region Consolidation
Diversified Energy Company PLC (DEC:LON) | 1,082 -216.3 (-1.8%) | Mkt Cap: 514.5m
- Published:
23 May 2022 -
Author:
James McCormack -
Pages:
12
Diversified has announced the acquisition of a portfolio of East Texas upstream assets and related facilities from a private seller for US$50m – an attractive 1.4x multiple based on the NTM adjusted EBITDA of US$35m and before any potential synergies. At US$50m, the net purchase price approximates a >PV40 valuation at the effective date and represents an attractive discount of c51% to the estimated PV10 using the NYMEX strip as of the 19 April 2022. The assets include PDP reserves of 18mmboe (11 ....