Hi Canyondro, the simple answer is how many shares on issue ( soi) is irrelevant. Company valuations are based on 'market capitilsation' Essentially the value of assets in a company + income ( good will) + a little fat for, if a story were to play out(speculation) add all that apply for your stock and divide by the number of shares on issue and math doesnt lie. Certainly doesnt mean a share cant be under or over valued. Happens a lot in fact. If our math was correct when estimating per billion barrel some time ago, we concluded a premium of around 12.5 cents per billion barrels discovered for Pel87. lots of factors to consider however, incl oil price, recovery rate, quality of oil etc hope this helps
PCL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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