That's why I really wanted to see that 40% sale go through. Too hard to value.
Someone else posted some time back a piece with a value of $3 to $4 per barrel in ground.
The 10cent to $2 value above seems reasonable on balance but even that equates to $1B to $20B valuation on a 10 Billion Barrel find. That's a huge variation.
I use 50 cents a barrel and that could be wrong.
PCL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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