GREY:CLLZF - Post by User
Comment by
birchjunkon Dec 01, 2011 10:09am
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Post# 19282657
RE: 2P Reserves Worth $3.1 billion in 2010
RE: 2P Reserves Worth $3.1 billion in 2010The 2010 reserve estimate values Connacher's 2P reserves at about $6 per barrel which is just above the $5.25 that Opti was bought out for.
The value of these 2P reserves per Connacher share was $6.94.
Another update is coming this month and it will probbaly show a higher reserve level and NPV.
I agree with your estimates that Connacher is worth every penny of $2 per share and would be a steal at that price.