PCL 0.00% 2.3¢ pancontinental energy nl

General Thoughts, page-3038

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    The Hartley/Euroz sensitivity tables that was posted here a little while back suggested PCL share price valuation of 35c per billion barrels on an assumption of 10 bucks a barrel inground. I thought 10 bucks was on the generous side. Perhaps everyone has got used to 80 dollar oil again. Even so the multiples are staggering but the valuation is heavily influenced by the value adopted for in ground.
 
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