Carbondale Oil announces that a widcat well that it has sunk in a new or...
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Carbondale Oil announces that a widcat well that it has sunk in a new or province has shown the existence of substantial of reserves. The exploitation of these reserves is expected to increase Carbondale's free cash flow by $90 milion per year for eight years, if investors had not been expecting this news what is the most likely efectos Carbondale's stock price upon the announcement given that Carbondale has 70 milion shares outstanding, no debt, and an equity cost of capital of 8%? file for busines Arise by $7.39 B no effect One by $5.01 De by $8.67 As marginal
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