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Virginia Value Investor
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An experienced investor with more than a decade of experience working at some of the largest asset management organizations, I now focus full time on my personal investments and sharing unique ideas with the online value investing community
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  • PostRock - Another High Quality Acquisition

    Yesterday morning PostRock (NASDAQ:PSTR) announced that they had completed another acquisition to add to their central Oklahoma foot print.

    This acquisition was smaller than the last one, coming in at $750,000 in cash, but it's another step towards building a larger, more stable company.

    On PostRock's numbers they paid $7 per barrel of proved reserves. They expect the acquired assets to generate project IRRs in excess of 100%. A small deal but a strong one.

    You can see the more complete PostRock thesis here.

    Disclosure: I am long PSTR.

    Tags: PSTR
    Nov 05 2:45 AM | Link | Comment!
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