comment from baillieu this morning

In their morning notes, whilst discussing the BG-Exco deal in North America:

We believe that, in view of the market value of MPO's Australian assets, the Australian market values MPO's Quebec acreage at zero. This mispricing offering the opportunity for an extended period of outperformance as the value of the Quebec asset is realised over the next two years. Our estimate of the upside potential in Quebec is $12.20 per share.

I cannot post the whole article as it is a pdf that is protected