Meta Materials Inc (MMAT)

[SF Wolf]

This per undeveloped acre price is incredible for the Permian. It bodes very well for TRCH:


"At a $9.5 billion acquisition price," Freeman explained, Concho would pay an estimated 75K per undeveloped acre, which compares to the $35–40K per acre rate that other companies paid in recent transactions. "This deal yields the highest acreage valuation we have seen in the space," he relayed.

"The rich acreage value" reflected in this acquisition could benefit the stock of other Permian-focused companies, Freeman added. "Today’s deal highlights the recent disconnect between public energy equities and asset valuations, likely boding well for the entire group."

https://www.streetwisereports.com/article/2018/03/30/oil-gas-e-amp-p-to-buy-permian-acreage-in-immediately-accretive-deal.html