GREY:COUGF - Post by User
Post by
jamesboagon Dec 08, 2010 4:29pm
601 Views
Post# 17820386
SISM Report
SISM ReportAccording to Kodiak Energy they currently retain 64% of the outstanding shares of Couger Oil and Gas which according to SISM Research & Investment Services would mean that Kodiak shareholders have an automatic ownership in Cougar Oil & Gas. The following excerpt from the SISM report should be noted:
The closing price of Cougar on Tuesday, October 27th, was $1.65,
giving KDKN's shareholding in Cougar a value of $62.8 million. The
value of KDKN's shareholding in Cougar, plus its own net book value of
$5.7 million, is $68.6 million (
.62/share). We have a Speculative Buy
recommendation on Cougar Oil and Gas, with a $7.25 target price. To
put it another way, if our target of $7.25 on Cougar were to come to
pass, KDKN's shareholding in Cougar Oil and Gas would be worth
$276.7 million or $2.50 per share on its own, 24 times more than compared
to the current share price of Kodiak.
The currently quoted share prices are: KDKN 0.150 GOUGF 2.57
I'll let you do the math.