The value of PCL is directly related to the estimated resource in the ground. That is why there is so much focus on the release of the resource estimates which are being calculated from the 3D seismic. Remember that for each 1 Billion Barrels of Oil in the ground that the PCL shares are worth 12.5 cents so I think shareholders need to lift their eyes to the sky a bit and not sell themselves short.
PCL Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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