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

Alternate Symbol(s):  CWVLF

Crown Point Energy Inc. is an international oil and gas exploration and development company. Its exploration and development activities are focused in four producing basins in Argentina, the Austral basin in the province of Tierra del Fuego, the Neuquen and Cuyano basins in the province of Mendoza and the Golfo San Jorge basin in the province of Santa Cruz. It has a 100% working interest in the... 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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