Pilgrim Petroleum Corp. (PGPM)

[bud_fox]

Pinedo was using .29 cents as his estimate for EPS. Little-Skeptic, he was multiplying a 25% sustainable growth rate which the company has been averaging giving you a figure of .0725 multiplied by the industry average P/E giving him that figure. You also forgot to mention that this figure is based only on the Wichita and Archer properties. He stated he would give the estimate on the remaining props next quarter. The reason for the TSX is for transparency to institutional investors and exploration, acquisitions and production in Canada which is sitting on huge amounts of oil. Hence, Gustavson and Legal.