TSXV:CEN.H - Post by User
Comment by
CalifDreamingon Jan 12, 2011 1:47pm
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Post# 17960791
RE: shareholders might like this..... ;-)
RE: shareholders might like this..... ;-)Jennings is being super conservative wrt recent Song discoveries. 20% recoveries? Please. And then "risk" 75%? Come on. Song will see 30-40% recovery depending on how effective the "strong water drive" really is.
Then look at the paltry "risked upside" valuations. The 3 recent discoveries were given "risked" upside of around a nickel before they were made. In reality, they will likely add $4+ NPV upside.
And with CEN targeting close to 250MM bbls potential recoverable in just the next 6 months, Jennings suggests a good "12 month" target is $8.75?? That's ludicrous - recent Song discoveries will push NAV well over $12. CEN could be $20 stock this year and perhaps double that or more if lots of success.