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Bullboard - Stock Discussion Forum Crown Point Energy Inc V.CWV

Alternate Symbol(s):  CWVLF

Energy Oil & Gas E&P
Crown Point Energy Inc. is a Canada-based junior international oil and gas company. The Company is involved in the exploration for, and development and production of petroleum and natural gas in Argentina. The Company’s projects include Cerro de Los Leones, Tierra del Fuego and Chanares Herrados. It has a 100% working interest in the 101,208-acre Cerro de Los Leones Exploration Concession... see more

TSXV:CWV - Post Discussion

Crown Point Energy Inc > CWV and CTA Combined....
View:
Post by TouchDown12 on Jan 07, 2021 9:51pm

CWV and CTA Combined....

I am a CTA holder. Anybody take a guess on the value and future of the new combined compnay of CTA and CWV ? I bleive the split is 60% CWV and CTA 40%. It seems like it is good timing given oil at 50USD. Any ideas? Cheers TD12
Comment by Schussing56 on Jan 08, 2021 8:44am
CTA's current market cap is roughly $30 million, but I think share price is still down significantly due to Covid 19.  Should be more recovery over the next 6 months to 1 year.  When CTA was Madalena Energy their shares were trading up around 25 cents so, the combination with CWV should be well over $100 million.  CTA has a lot of shares outstanding (544 million).  You' ...more  
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