Ann: 2D and 3D Seismic Acquisition Contract - Bon, page-4

re: Ann: 2D and 3D Seismic Acquisition Contra... I find it hilarious that OXX is valued at just over half of PCL, a company with large prospects but no cash at all.

The funny thing is that OXX have a better track record of creating value for shareholders with similar upside, without the sovereign risk.

Its amazing that OXX is trading at a negative EV, whilst PCL is trading at highly inflated prices given that holders will suffer significant dilution going forward; which is something we don't need to worry about with OXX :)