Post by
oilwatcher13 on Oct 22, 2013 7:40am
Re: Market Price
The current market price represents the $11.00 per share plus the 50% valuation of ExploreCo due to the lack of confidence in PMG management. The market thinks these guys are a bunch of clowns that could not find oil at an Exxon station...IMHO
Comment by
bl1949 on Oct 24, 2013 11:27am
Even if they can't find "oil at an Exxon station", they still have the land holdings and RBC considers this to be worth $1.80. Discount that by 50% and you get cuttent market. If they can find oil in Brazil (apparently lots of it there) the value of that share will be well above current valuations.
Comment by
Russmov on Nov 04, 2013 11:18am
I'm wondering if its worth holding on til the takeover and see what the new resourceco stock does, or just get out now. Hmmmm