Jul. 18 at 3:34 PM
$PR I think a cool deal would be for Permian to aquire Civitas and dispose of their DJ basin assets for
$4B to pay off Civitas debt. You get a pure-play Permian giant with top-tier rock, low breakevens, and modest leverage. I believe the market would then put a value closer to DCF value than NAV. But just spitballing.