TSXV:CEN.H - Post by User
Comment by
CalifDreamingon Sep 03, 2008 2:10pm
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Post# 15428198
RE: News: Signing of Letter of Intent with Deep Dr
RE: News: Signing of Letter of Intent with Deep DrMethinks you got in at an outstanding price point. Their 2P after tax reserves at 10% = $7.50 share using $90 Brent.
And I think they have an excellent chance to generate virtually the market cap in cash flow next year. Add in the very likely chance of exploration success on the nearby prospects, and a year from now the share price could triple and still be trading at relatively similar valuation metrics.