R15, I am sure we have all learnt a lot following this one over a long time now, coy is in good position imo but until we get some clarity on the S/Hole I struggle with valuing the other NV reserves. If/When that occurs we could see some greater interest but many of the top 20 have given us some indication over the last year.
Found this article which is a good read on O&G coys
"The Value Stock
Digging through junior companies that trade at a low
cash-flow multiple can result in discovering situations where property value is equal to or greater than the company’s market value.
The question then becomes: Can this business add value by spending only internally generated cash flow?
http://www.avenueinvestment.com/Docs/Canada%20Money%20Savers-%20May2004%20Edition.pdf
Enjoy the w/end, sorry about the footy for you. Who you going for now?
Bw
production, page-6
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