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Bullboard - Stock Discussion Forum Cougar Oil and Gas Canada Inc COUGF

GREY:COUGF - Post Discussion

View:
Post by jamesboag on Dec 08, 2010 4:29pm

SISM Report

According 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.
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