Greg, the announcement isnt good enough to get the market excited. There are no positive surprises. Instead, it just reiterates the value proposition which is leveraged to the recently growing oil price margins, exposure to Canadian industry and the new pipeline export market, and the very cheap EV multiple relative to Canadian peers. If our price stays this low, I think they should secure a few more Canadian wells this year and then pitch it to their investors, they should get a 5-8x multiple, compared to what we are getting here currently (1x). A big return for shareholders.
Just my opinion.
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---|---|---|
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2 | 1125000 | 0.008 |
3 | 1825124 | 0.007 |
2 | 340009 | 0.006 |
2 | 1000000 | 0.005 |
Price($) | Vol. | No. |
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0.013 | 100000 | 1 |
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