Hi Jurek
Like I said oil jumps up and down like crazy.At these moment we are back above 44..
On that statement from you I totally agree.
Looking at the market cap the CLL share of PDP is only $13 million. Even if we can sell it for $20 million this will not change the CLL financial situation. Unfortunately there is nothing more available for sale.
IMO the takeover would be the most beneficial for the shareholders and $880 million debt holders. On the weekend I will try to come up with some target price numbers based on the past oilsand deals.
Obviously the $60 Oil would automatically solve this problem.
How is your opinion to reach 60 $ this year?Possible or not ?
Indeed a take over if we have no sight on 60 $ is the best but for us long time shareholders probably without a positive result on investment.
We are however focusing mostly on POD 1 and the view on MRC is less clear .
Ain't it possible we could have some positivism from that point?
