10bn bbls @ $5/bbl should give a share price of 1.81. I'm assuming this would be as things stand (i.e. PCL retaining 75%). Following farm in, assuming PCL then retained 20%, would the valuation of 1.81 be reduced to reflect the reduced interest, or is that already factored into the EH table?
PCL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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