GREY:NKRSF - Post by User
Comment by
SlicedCheeseon Feb 25, 2011 8:33pm
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RE: RE: Niko Defying Logic?
RE: RE: Niko Defying Logic?Long term (2-5 years) I would definitely agree. But in the short term (like now) the fear trade is what is driving stocks and the market as a whole.
I think Niko is undervalued in this environment. I mean NKO.to is trading at about a 30 P/E multiple. which is low for a growth stock. Niko does have a lot of promising exploration blocks as well and if one of their wells hit. Well that could substantially increase the market cap of the company. Which means a higher P/E.