RE:15¢Valuations for the whole small cap Canadian E&P sector are garbage. We need a sector turnaround. For Exall, they need to get back to basics. One well has been drilled. The company has zero credibility right now and investor appetites are zero.
Having said that if Exall can get production to 1500 and build a little momentum I am hoping to get out at $1.00 at some point. Valuations are literally rock bottom.
Anybody know much about first energy? Are they the type to take over and fix a company or what?