Lynden Energy has zero net debt and a market cap of $80 milllion (US). With 5,883 net acres in the Wolfberry, Lynden’s per acre valuation is $13,500/net acre (US). Wolfberry land deals over the past year have averaged $43,870/net acre (US).
One can look at the valuation metrics a number of ways but the conclusion remains the same, Lynden Energy is undervalued! Those who have the patience and confidence that LVL will eventually find a suitor to acquire their Wolfberry acreage could realize the significant upside.