SHARE PRICE IS DETERMINED BY ONLY ONE THING, THAT IS, WHAT A WILLING BUYER AND A WILLING SELLER WILL PAY FOR A SHARE.
ALTHOUGH PDP IS AN ASSET TO CLL WHETHER IT IS “FAIRLY” TAKEN INTO ACCOUNT IN THE SHARE PRICE IS STRICTLY UP TO MR. MARKET. APPARENTLY, FROM YOU RECENT BANTER IT HAS’NT FOR EITHER GOOD OR BAD. THE SAME HOLDS TRUE WITH THE VALUE OF THE ASSETS IN THE GROUND IN ALBERTA. UNTILL THE MARKET DECIDES TO “FAIRLY” VALUE ANY OF ITS ASSETS THE SHARE PRICE OF CLL WILL SUFFER.
TAKE RVI IN THE U.S. FOR EXAMPLE. RVI OWNS OVER A MAJORITY OF DSW SHARES. HOWEVER, IF YOU LOOK AT THE VALUE OF DWS STOCK THAT RVI OWNS RVI SHOULD BE MUCH HIGHER. NOT ONLY THAT BUT TWO OTHER ASSETS OF RVI WOULD HAVE TO BE LESS THEN ZERO. THIS COMPARISON HAS BEEN TRUE FOR 6 MONTHS OR MORE. UNTIL MR. MARKET SEES THIS AND “FAIRLY” VALUES THE DSW SHARES IN RVI’S HANDS IT WILL STAY THE SAME, EVEN THOUGH IT IS OBVIOUSLY WRONG.
RINK