abn amros view, page-3

Here is another snippet:

"Nexus is largely a development story, with value of around $2 per share underpinned
by hard oil & gas assets. Strachan Corporate is comfortable with a risk adjusted
target valuation of $2.89 per share and believes that the ultimate value for a long
term investor could prove to be substantially in excess of its upside target of $5 per
share."

"Overall, Nexus appears to be trading at close to its underlying hard asset value and
offers significant upside to over $5 per share within a 24 month timeframe. Strachan
Corporate believes that buying Nexus today is akin to buying Woodside 25 years ago."




My NXS holding is staying put for a while.
OH , I'm in MPO as well, been in it for a few years , paying off bigtime now.