GREY:SYTHF - Post by User
Comment by
Edapuson Dec 07, 2005 8:42am
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Post# 9981990
RE: Oilsands Synenco and sinopec
RE: Oilsands Synenco and sinopec Kubiak, good information, again building the upgrader just north of Edmonton makes so much sense for logistics.
I have taken another look at the $763mm valuation and have come to this conclusion.
$763mm Market Cap
minus $75mm new oil sands lease
minus $ 8mm upgrader land
minus $200mm in the bank
This leaves $480mm value for the 900mm barrels of proven oil or $0.53 a barrel. This appears to be very under valued.