Hi Guys,
I'm not sure if everyone has seen this but I had a read last night and it reminded me why I'm here. Broking firm Cannacord Genuity put out this report a couple of months ago, 07/08/2018 to be exact, and the comment that stands out with neon flashing lights on page 4 is:-
"Applying the median EV/2P acquisition multiple from 2008-14 to 500PJ yields$925mn or $4.80ps. This stock doesn’t lack blue sky appeal."
If the 500PJ reserves can be confirmed, and we should know that in the short/medium term, then the SP could go ballistic in my opinion.
Not much has changed since then apart from having to change over to a bigger pump. The SP has been drifting lower over the past month or two but the big instos are still buying up like there is no tomorrow; IMO sometimes it pays to keep your eye on the big picture and not be swayed by the short term gyrations of the market.
This is my commentary on what I'm seeing, what I've read, but please DYOR and GLTAH
