Re: Dick Gusella in today's Calgary Herald
in response to
by
posted on
Jan 19, 2011 04:40PM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
This is another opinion on the PDP/GTE deal. This time from the investment community namely Jennings Capital who follow the PDP and CLL closely in the past.
....GTE's market cap is almost 20 times that of PDP's and it certainly does not have 20 times more worth in reserves.
While GTE is unquestionably better off, it is not 20 times better off than PDP and while GTE is pretty close to full value, there's a ton of unrecognized value in PDP's current share price.
All because of the market's doubt in Richard Gusella's ability to get a deal done to start up Petrolifera's Peruvian land holdings....