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Connacher Oil & Gas Ltd CLLZF

"Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, production and marketing of bitumen. Connacher holds two producing projects at Great Divide are known as Pod One and Algar."


GREY:CLLZF - Post by User

Bullboard Posts
Post by leveraged1on Jan 10, 2010 3:56pm
979 Views
Post# 16661312

NAV trading multiple ( discount)

NAV trading multiple ( discount)
According to the most recent CLL presentation it looks like we trading at about a 300% discount to our net asset value (NAV $4.65 divided by MV $1.55 = 3)
Does anyone know what the average (or normal) discount to net asset value is for junior oil sands companies
 these days?
300% seems like a pretty deep discount to me. Lonewolf might know how much more we are being discounted than other junior oil sands companies.......anyone thanks?

  
Bullboard Posts