Still grossly overvalued according to Simply Wall StreetNot sure where this is heading, but according to Simply Wall Street this is just over 28% overvalued when looking at it's "intrinsic value based on Future Cash Flows". In fact, it doesn't even get into the "About right " range until it is between 0.5 and 0.6 and would only be "undervalued" if it gets below 50 cents (Canadian). My take on this is that it will probably continue to decrease in value over the next 3 - 6 weeks given the price of oil and tax loss selling (apart from the shorts and maybe some management that have been "given" shares I am not sure ANYONE has made much on this so far) so it will be interesting to see if it falls to a point where Simply Wall Street considers it "undervalued"
Sigh
On the up side, the environmentalists and Ottawa will find this a great cause to celebrate - ANOTHER nasty oil company forced to delist from the US exchange.
cheers
Rusty