Seeking Alpha

Virginia Value ...'s  Instablog

Virginia Value Investor
Send Message
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
View Virginia Value Investor's Instablogs on:
  • 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!
Full index of posts »
Latest Followers


More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.