GREY:GRDSF - Post by User
Comment by
myNEXTmillionon Apr 26, 2010 7:34pm
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Post# 17033095
RE: QD Valuation
RE: QD Valuation
I agree, the risk with GSA is lower than VST, and it i undervalued compared to VST.
GSA has 1/6 the participation in QD than VST (6% vs 37%), however, GSA also has about 1/5 the number of shares o/s. Their interest per share is approximately the same however, GSA is trading at 50c vs 89c for VST.
GSA also has a 10% carried interest in Guyana in an historical find, plus their interest in Egypt. (80%) of the WKO block which is also very promising.
That's why I hold 2 GSA shares for every VST share....more upside potential, IMHO.