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
  • PostRock - Another High Quality Acquisition 0 comments
    Nov 5, 2013 2:45 AM | about stocks: PSTR

    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.

    Stocks: PSTR
Back To Virginia Value Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
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.