Today’s top poster, Bullboard, and Blog
In a post assessing the value of Compton Petroleum (TSX: T.CMT, Stock Forum), natgasbull wrote: “It's true that $14 for a proven plus probable barrel is quite possible for this company. It seems there is some confusion as to what their reserves actually are. CMT uses an American engineering firm which a lot of the instituitons have frowned on over the last few years. CMT took a major hair cut last year in reserve value. The analogy you use is not great as the CMT assets are all in Alberta but M&A metrics here are about the same for p plus p reserves. Let's watch and see what ITX's assets sell for and then we can start getting excited about take out value for CMT. If ITX gets over $3.00 then yes we can reasonably expect north for $4 for CMT. That's a long way from .92 but accurate in terms of value.”
Top Bullboard:
After word that First Gold Exploration (TSX: V.EFG, Stock Forum) continued to intersect mineralization in drilling at its Lac Pivert/Rse property in Quebec helped drive traffic to its Bullboard Tuesday.
Top blog:
In the Portfolio Additons blog, MikeKiss explains the benefits of owning a certain junior gold stock
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