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bdahl385

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bdahl385

Re: None

Friday, 10/31/2008 8:45:57 AM

Friday, October 31, 2008 8:45:57 AM

Post# of 51429
Here's Hope - example of disconnect between market cap and asset value of an o/g company...

Ran across this tidbit on another message board. The stock in question (IAE) is Ithaca Energy - a small cap British company.

Take a look at the IAE news release tonight it shows how undervalued oil and gas juniors with oil finds are at the moment. An independent company paid IAE C$75 million for 25% of its assets, even though the entire market cap. of the whole company today was only C$39 million. Thus the shares are trading at about 1/8 the price that they are worth if the company were to simply sell its assets and distribute the cash.
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