Tellurian Upstream Sale: On To Greener Pastures
Novi
MAY 31, 2024
Aethon has agreed to purchase Tellurians upstream assets for (US) $260MM below street estimates, which ranged from $270MM to $500MM. We ran a scenario analysis that ranged from ~$140MM up to ~$415MM with a median case of $260MM, relatively close to the actual closing price of $264.5MM. Basin-wide, however, ~$3.00/Mcf
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