given: "The oldest and truest rule of thumb in the oil industry is that oil reserves in the ground are worth one-third the current market value"and the current price is around $90 then $30 a brarrel would be a better valuation ? That would make sp around $1 (aus) for a billion barrrel discovery?
PCL Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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