bullish

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

302 Views18 Apr 2024 19:57
Syndicated
SUMMARY
  • 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.

Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
  • Unlock all research summaries
  • Follow top, independent analysts
  • Receive personalised alerts and emails
  • Access Briefings, Analytics, and Events

Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.

Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.

or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
chart-bar
Logo
Value Investors Club
External reports (aggregated public sources)
Value Investors Club
Equity Bottom-UpEvent-Driven
  • Flame Acqn Corp - Redh (FLME) - Thursday, Jan 18, 2024
    18 Apr 2024
x