RE: TD continues to be the big seller Summry from the roadshows in Sweden,
Onion Lake will be ready for sale in the end of Q1. Price valued by Keith Hill,
$200-300M. Husky Energy with fields near Onion Lake are very interested.
The company will buy the remaining 2% "working interest" in Mooney, price $6M.
($2,9/boe Recoverable Resource)
This would give an early indication of the value of Mooney at $300M.
Mooney will be ready to sale from Q2 2009, Price valued by Keith Hill,
$200-300M.
Onion Lake and Mooney together are representing 20% of Pearls "Potential Recoverable Resources".
IF sold for $500M ($2,5/boe rec.res.) income would represent $2,6/share!
20% of company value ~ $2,6/share! Mama Mia...
Keith Hill says he is frustrated about the value of the shares, his mother is a shareholder. ;o)
But L Lundin keeps on telling him, "dont care, just work on."
And he will soon get a great resource, Gary Guidry will start working with Pearl
as soon as the TYK-affair is finished. That´s a great team!
I think the Lundins wanted to sell of TYK as soon as possible because they saw the
potential in Pearl. Wait and see what will happend to the Pearl-share when the
the TYK-money gets loose in december or januar!
Watch the curves for TYK the last year! It is the most successfull share on the
weak market of oilcompanies in Sweden. And the rally (75%) started 8 months before the
affair was closed. Is THAT not strange... ;-)
In Sweden we are used to the strange ups and downs in the Lundin-companies.
But, in the end, no shareholder will loose.
The company stands strong in a weak market. There is no need for capital at the moment.
K Hill guesses that 30% of the smaller companies in Canada wont survive this crise.
Mr Hill says that companies are interested in buying Pearl. They get the question twice a month.
But as Mr Hill and Mr Lundin knows that they easly in a short time can make Recoverable Resources
into 2P´s they are not interested at the moment.
TYK was good business for the shareholders, 500% in four years.
The potential in Pearl is much bigger..
Pearl is transfering shares to Sweden because we have almost no exploration companies in the market.
As you can see on the Avanza-board the interest is great, as well as the knowledge.
I guess that 50% of the shares will be traded in Sweden. I really hope that the "export" from Canada
is over soon, because THAT´s why the share is traded at this silly levels. Nothing else.
This will be "corrected" when export is over.
I´m sorry for all those who have lost money bacause they didn´t know. In Sweden we know this for sure.
This also explains the weak performance in TYK 2004-2005.
About oil price,
Price will get stabil at $78 says the algerian minister of finaces, Djoudi, to APS, Bloomberg News
this morning. OPEC will meet i november. They calculate the need for 2009 to 87Mboe, that is more
than they can produce.
Dont sell. BUY.