The Market you are talking about is the ASX . That Market is greatly disappointed by the fact that the business has not performed anywhere near as well as the host of paid for Analysts predicted . That Market clearly thinks the share is a dog . All present share holders are under water and after averaging down many are stale and won't do it again . Any increase in share price is sold into . The latest disappointment has caused capitulation . Disappointed share holders expecting a Montney monetization sale or joint venture .
CE1 will be selling to Canadians much more familiar with the assets without the the negative factors above . Time will tell but I think your assessment that half the present market cap for Blackspur being a good result for CE1 is far too low and the value for the Montney will increase as more gas is required for the lng plants on the way .
You said that the a sale of the Blackspur asset at half the market price would be an attractive sale or am I mistaken . If I am putting words into your mouth you did not say then I apologize .
CE1 Price at posting:
8.8¢ Sentiment: None Disclosure: Held
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