good long-term entry point IMODoes anyone know if POU is getting any oil production from private oil sands company MEG at this point?
If they are and even if they aren’t, I believe POU is not getting any credit for owning a chunk of this oil sands company.
With oil at record prices, oil sands companies should do quite well in future as their billions of oil reserves are brought into production.
At some point POU should get credit for their oil sands assets, but I don’t think they are getting any credit at this time.
Actually, I should be quiet as the sum of the parts of POU are worth much more than 20.00 IMHO but as long as POU is viewed as a pure NG producer, they will continue to be under selling pressure and offer long-term investors great entry points.
The greater than 700 million cash position should also come into play at some point but I’m not really sure how.
Oh well, buy them when they are cheap.
Cheers and GLA