AvenEx Energy Corp AVNDF

RE: asset sales ?

[kingofcotton]

From Q2 report: "Elbow River’s business has been very strong, benefitting from the demand for crude by rail sales volumes such that Elbow River is now forecast to effectively contribute up to 65%-70% of the dividend."  70% X current AVF dividend of $.42 = $.29 annual dividend from Elbow alone.  At 8.5% yield, Elbow might be valued at $3.41, but such a high growth company deserves a substantial premium.  The huge discount for Alberta oil versus Brent pricing is a big opportunity.  At a current 5% yield, Elbow might be valued at $5.80.  So oil and NG assets at $3.50 to $4.00, and Elbow at $3.41 to $5.80 gives a range of $6.91 to $9.80 per AVF share.  Is this reasonable?