RE:Exxon unit seeks Canada approval for oil sands project
Assuming the IMO/XOM Aspen project comes in at C$7B for $135,000 capacity that would value COS at over $18B for its 350,000 bopd capacity plus the value of the upgrader, so throw in another $4B for that so call it $22B, less debt of lets say $1.5B leaves us with an equity value of $20.5 B divided by 485 million shares outstanding values a share at C$42. What you guys think of that math??