Book Value of Junior Companies ? Really zero Headwater resources has a market value of, 900,000 million, 7,000 boe of production, a royality paryment due to Topaz (192,000 acres), 15 million warrent paid to cenvovus.
Guess what you might think Head water with its measly production is worth a lot, but cavalier lands in clearwater are work a lot more.
I am trying to figure out where they show up on the balance sheet, they really don't.
Add another billion to the share value of POU, the least understood most profitable company in the entire energy space.
IMHO