RE:Undervalued.....
Totally agree Kavern as we discussed on the CJ board or now filled with haters who refuse to discuss/consider any other stock than the one they own....
These guys have hired a firm a year end to evaluate their East Duvernay property and the result was $49.6 million vs a market cap of $75 million and EV of $130 million. So if they could sell it for this amount, the company is currently trading for $15,800 per flowing!
This asset produces nothing right now or really no boe, no cash flow. They should sell it and plow everything back into the bioturbated Cardium where results have been outstanding and wells a lot cheaper.
Even without any sale of that asset it trades at $25,000 per flowing or crazy low for a light oil producer with solid growth prospects and I would argue on the best fields in Alberta. Balance sheet is in great shape and these guys have no hedge so getting a lot of value right now from this very nice oil price.