Penn Virginia PVA

September 13, 2016 - 8:28pm EST by

member

						2016	2017
Price:		35.00		EPS		0	0
Shares Out. (in M):		15		P/E		0	0
Market Cap (in $M):		525		P/FCF		0	0
Net Debt (in $M):		65		EBIT		0	0
TEV (in $M):		590		TEV/EBIT		0	0

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#	AUTHOR DATE SUBJECT
12	member 11/17/16 5:38AM Re: Any update to your investment thesis after the Sep 2016 quarter was reported? 11
On updated numbers, I now see the stock at 7x 2017E ebitdax. I expect 2017 production to show decent growth. The valuation is higher now because 1) the stock is up almost 20%, 2) my... login to read the rest view available tags
10	member 10/20/16 10:36AM Re: Questions 9
You raise a number of good points. I believe I can respond to most of them: · Acreage – I would agree that Penn Virginia’s acreage is not special within the context of the core Eagle... login to read the rest view available tags
9	member 10/19/16 10:57AM Questions
Thanks for the writeup. We recently started looking at PVA but have some concerns - would appreciate your thoughts. While we agree that PVA seems undemanding on an EBITDAX multiple basis, the company is currently trading... login to read the rest 2 view available tags
8	member 9/16/16 11:11AM Re: Questions for nha855 5
Moneyball, I can't do your homework for you... but the good news is that this information is readily availble. I would start with the following 2015 10-K - Lease data as of YE, etc. 2016 Q2 10-Q -... login to read the rest 4 view available tags
7	member 9/16/16 10:42AM Re: Penn Virginia - When & Where can the equity be purchased? 6
Markets are bing made by a number of distressed debt desks... while I understand that OTC trading is expected at some point and exchange listing next year. view available tags
4	member 9/14/16 3:31PM Re: base decline 1
You raise a good point as the Company’s PDP decline rate will be a key consideration for this investment opportunity as time goes on. With regard to the Company’s forecasts, I take some comfort from... login to read the rest view available tags
3	member 9/14/16 10:22AM Re: Disclosure statement valuation 2
In short, I view the Jefferies valuation as a gift to the former bond holders and other participants in the rights offering. While there are many differences that drive the significant valuation gap between Jefferies work... login to read the rest view available tags

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