DALXF - Peyto Exploration Is Unlikely To Remain Independent By Year-End
- The severely battered Canadian energy patch has seen substantial consolidation over the past year - especially among the natural gas producers.
- That being the case, Peyto Exploration - a stock that has lost ~80% of its value over the past 5 years - is vulnerable and unlikely to remain independent.
- The company's underlying assets are worth an estimated >2.5x its current enterprise value.
- The company could easily be taken out for C$8/share, or 40% above its current price, and still deliver tons of value for the acquiring company.
For further details see:
Peyto Exploration Is Unlikely To Remain Independent By Year-End