DEC-or Ate a Canvas
3 months ago
The Oak Bloke
"DEC (update): Canvas acquisition adds 147 MMcfe/d production for $648M, boosting FCF 29% & liquids to 30%. Deal valued at $26.5K/flowing barrel vs peers. Expects $27.5M G&A savings + potential $35M synergies. 4.2% dilution offset by $8.62/share net gain from PV-10 value. Trading 4.1x P/E vs peers at 12-19x."
Sentiment
neutral
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
DEC-or Ate a Canvas
Source:
The Oak Bloke
Published:
September 11, 2025
Idea Type:
Stock Idea