Had some great luck with these two.
I've got a work conflict now, so cannot buy back in. But my view is:
1. Great asset, that I would like to be exposed to
2. I worry that being near Kudu it may be gas rather than oil, which would be worthless given cost to extract and get to market
3. Chance of success, I guess around 25%, and would see it trading at around USD1-2 per barrel, so it's 250m barrels worth about USD250m+, which probability weighted for success gets you to around a 0.1 cents fair floor price.
4. I expect a major will stump up USD100m or less for 50%, leaving PCL's stake worth around USD..50m, e.g. about 0.1 cents per share. Although I would usually value a major getting in at 1.5x the implied price, but we have no deal yet.
So if I were considering to get back in, I would be looking at 0.6 cents.
Had some great luck with these two. I've got a work conflict...
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $185.5M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.2¢ | $168.8K | 7.348M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 7483825 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 377193 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
2.3¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 2.3¢ | 2.4¢ | 2.3¢ | 2128510 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| PCL (ASX) Chart |