External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Equity Bottom-Up

<ul>
<li>Flame Acquisition Corp (FLME) is merging with Sable Offshore in a $1 billion deal to acquire and revive oil and gas assets in California</li>
<li>Strong investment demand seen with SPAC shares trading above cash value and $520 million raised in PIPE capital</li>
<li>Deal offers high-quality asset, access to infrastructure, attractive pricing, strong balance sheet, and capable management team, with a 30-50% discount to peers and limited downside risk pre-deal close</li>
</ul>
<p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>


Flame Acquisition Corp (FLME) is merging with Sable Offshore in a $1 billion deal to acquire and revive oil and gas assets in California
Strong investment demand seen with SPAC shares trading above cash value and $520 million raised in PIPE capital
Deal offers high-quality asset, access to infrastructure, attractive pricing, strong balance sheet, and capable management team, with a 30-50% discount to peers and limited downside risk pre-deal close

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Flame Acqn Corp - Redh (FLME) - Thursday, Jan 18, 2024

United States

Flame Acquisition Corp. operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization.

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