TSXV:CVI.P - Post by User
Post by
CalifDreamingon Feb 22, 2011 12:45pm
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Post# 18174047
Disappointing reserve numbers.
Disappointing reserve numbers.2P NPV15 after tax is only $330MM. Current EV is over $400MM.
On all metrics, CVI is very expensive. Hard to believe considering their years of misleading guidance, under performance and horrific political issues. CVI is fair value around $3 share - need some significant discoveries to sustain current valuation methinks. But hey, Jennings et al can continue to pump the exploration upside all they want - but the problem remains any discoveries are stranded until a pipeline is built - been promised for the last 5 years - I doubt it gets built in the next 5...