RE: CAPP presentation on Web Site"....That would suggest a one year target for PMG of about $17.50 /share, just on its Columbian production and giving no value to the substantial heavy oil potential.
PBG owns 80 % of PMG, so that contribution alone would justify a $14 share price for PBG.
That is to say, PBG's legacy assets in Canada, its substantive Bakken potential, its 2.6 billion barrels of oil sands,PMG's other heavy oil assets inColumbia, and its Thai/Capri technology is being given only $14/share in the current share price."
I think you are mixing 'future' PMG value with 'present' PBG... at today's price I'm thinking about $5 for PMG leaving $23 for the rest of PBG trading at 28ish...
A couple of months back I had hoped to see $32ish by the end of the year.. now I think it will get there easily... the more I see...the better I like this stock... look at all the latest info...Can it get any better than this...???
Long...and holding...!!!!