VALUATION SCOTIABANK has sum of the parts at $18-20
TLM MGMT has a value of $17-25
Cannacord says that, in effect, new mgmt has put a price tag on the company ....
I was no business major, but the current CEO is back to basic stuff .... cut staff, drop marginal and/or high-risk E and P projects, get out of dry gas and focus on liquids and oils, sell non-core assets, sell or joint venture projects that need more capital or have higher risk/reward, etc .... sound familiar
The market doesn't care .... its all cookie-cutter 101 stuff ...
Mark my words ....shareholders and/or activists will force a sale or breakup of this entity within the next 12 months ..
accumulate
ulysess