GREY:PSLRF - Post by User
Comment by
roscoe74on Jul 29, 2014 8:25pm
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Post# 22792224
RE:Cardinal Energy snaps up oil assets
RE:Cardinal Energy snaps up oil assetsPalliser has 1874 bbl/day and 9.4 mm bbl P+P reserves worth $153 mm. Interesting metrics. If Palliser is worth the same as this deal, IF, then less debt ~ $50mm, / 64 mm shares = $1.61.
What the Cardinal deal is revealing is that prices are going up.