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sm
Posted: Wed Sep 07, 2016 3:19 pm
by mkarpoff
I guess sm went down today because of their announcement of $500mm in new debt. Does this have any impact on your valuation?
Re: sm
Posted: Wed Sep 07, 2016 3:53 pm
by dan_s
No, the assets they acquired are worth more. I increased interest expense to take higher debt level into consideration.
Assets being acquired add 5,000 Boepd at closing and a heck of a lot of running room.