RE: POU NAV from 2006 annual report really sure on that one, but I woudl guess the prices are low.
The following table provides an estimate of Paramount’s pre-tax net asset value as of December 31, 2006.
($ millions) 2006
Present Value of Reserves (1) (12) $ 972.1
Appraised value of undeveloped land (2) 171.1
Seismic (at cost) 79.5
Projects under evaluation (at cost) (3) 106.0
Present value of best estimate Surmont oil sands resources (4) 453.7
Market value of short-term investments (5) 4.0
Market value of long-term investments (6) 582.9
Other 49.2
Total assets 2,418.5
Long-term debt 508.8
Working capital deficiency (7) 88.4
Long-term portion of stock-based compensation liability (8) 0.3
Minority interest 0.5
Total liabilities 598.0
Pre-tax net asset value (10) (11) $ 1,820.5
Pre-tax net asset value per basic common share (9) $ 25.90