OTCPK:WSRLF - Post by User
Comment by
netprofiteer2on Nov 04, 2009 4:47pm
503 Views
Post# 16453657
RE: RE: Downside Target
RE: RE: Downside TargetRBC Dominion came out today with a target of possibly $.45 near term.
"We expect the market to be disappointed with today's result. The structure may
be oil-bearing down-dip and/or deeper, but given the slow pace of drilling we
expect investor interest to wane in the meanwhile. Today's result also raises
questions about the oil potential of the wider block, and we are reviewing our
valuation and target price. But given the geological uncertainty (and the
inherent political uncertainty) the stock's cash-backed valuation of
C$0.45/share may be tested."