Calvalley Petroleum Inc.

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Msg  396 of 506  at  2/29/2012 10:47:53 AM  by

Crucible401


 In response to msg 393 by  Crucible401
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Re: Reserves Update

<<Even with 20% discount after tax 2P NPV is $281MM. Add in $80MM cash and CEN is worth ~$360MM or ~$3.75 share on very conservative basis - but that presumes they can produce something....>>

And that's why I'm an owner and why I picked up another 15K shares at ~$1.50. Current EV is half of an extremely discounted valuation.

The production issue was always only going to be short term when Nexen said the strike was over more than a week ago...


 
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Msg # Subject Author Recs Date Posted
397 Re: Reserves Update paperwerks 2/29/2012 11:15:15 AM


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