OTCPK:WSRLF - Post by User
Comment by
tradebait2on Dec 03, 2011 1:45am
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Post# 19288991
RE: RE: WZR equity research
RE: RE: WZR equity research
The research report was created by RBC reseach on Nov.30,2011. I believe the valuation is pretty short term ie. 3mos.
Valuation: On a sum of the parts basis we value WesternZagros at C$1.46/share,up from C$1.28/share. The increase reflects the net impact of the inclusion ofHasira-1 (C.22/share), a revised view of exploration risks and a TPPI-linked$70m (C.18/share) cost recovery payment in H1/12.
Trying not to count my chickens, but things have been looking up lately for the ole longs.
GLTA