TSXV:ART.H - Post by User
Comment by
Baxter4on Apr 09, 2010 10:05am
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Post# 16973683
RE: good40 needs a basic reasoning course
RE: good40 needs a basic reasoning courseSome things change and some remain just the same. Vast is up close to 30% since I last looked and here is Goofy still spouting off about the potential reserves being worth only $4/bbl. And this is after he has been shown proof P2 reserves are worth $14.20/bbl based on worldwide reserves sales and recent Cardium sales in Alberta have been over $30/bbl for P2 reserves. P2 reserve cost basis are the measurment tool but P3 (potential) reserves are built in, which is what Vast has a lot of, POTENTIAL.
Plus he still is talking about future dilution as if it is a bad thing. Hello, more wells mean more oil is classified as P1 reserves which are worth a whole lot more than $4/bbl. I guess it is the only arguement he can come up with in his losing debates.
BTW Hopeandaprayer, please look up Sarcasm in the dictionary and you will realize why good40 is always right.