But, but when the Chancellor of Germany asked our Dear Leader for access to Canadian LNG, our omniscient Leader responded with “there is no market for LNG“.
This showed the ability of Trudeau to see clearly right through things and determine there’s no market for LNG when the guy creating the market claimed he needed LNG. Few leaders in the world would have that kind of vision.
It does take into account its marketing and prices to each served area plus flow through of Cheniere LNG. 550,000 boe/day at a netback of about $20/boe gives about $4 billion less SG&A of $220 million) valued at 4x EBITDA an enterprise value of $14.6 billion across 340 million shares gives share value about $43, using rough figures and ignoring income taxes. $20 netback assumes natural gas realization of $4.50 per gigajoule which incorporated lower Canadian prices and higher LNG and California realizations.
But, but when the Chancellor of Germany asked our Dear Leader for access to Canadian LNG, our omniscient Leader responded with “there is no market for LNG“.
This showed the ability of Trudeau to see clearly right through things and determine there’s no market for LNG when the guy creating the market claimed he needed LNG. Few leaders in the world would have that kind of vision.
( sarcasm)
Your analysis does not take into account gas marketing and the price Tourmaline gets selling its gas to the likes of California.
It does take into account its marketing and prices to each served area plus flow through of Cheniere LNG. 550,000 boe/day at a netback of about $20/boe gives about $4 billion less SG&A of $220 million) valued at 4x EBITDA an enterprise value of $14.6 billion across 340 million shares gives share value about $43, using rough figures and ignoring income taxes. $20 netback assumes natural gas realization of $4.50 per gigajoule which incorporated lower Canadian prices and higher LNG and California realizations.