Now I've got your attention let's discuss this ... sensibly !!!!. Check out Patersons broker report on Pancon website and read it carefully. Dated 13th April it was issued before the "merger". In it they have a scenario where , if wpl, target a 200mmbl well in Kenya pcl could go up 85cps based on 178,000,000 shares. With the merger, the shares have gone up 100%, the interest in Kenya up 150% .... therefore does this mean that pcl could go up more than a dollar in the same scenario ??? read the report to check I haven't stuffed up, but my logic tells me that by doubling the shares, and raising the interests by 150% , any success by pcl will have a bigger return to shareholders. Therefore the various estimates of future price for pcl from 34cents, 45 cents, 85 cents from various sources will all increase post merger. This is a great deal .... if pcl gets drilling success !!Am I missing something ???? Correct me if I'm wrong please. Mac B
PCL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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