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Petrus Resources Ltd T.PRQ

Alternate Symbol(s):  PTRUF

Petrus Resources Ltd. is a Canadian energy company. The principal undertaking of the Company is the investment in energy business-related assets. The operations of the Company consist of the acquisition, development, exploration and exploitation of these assets. Its assets include Ferrier, North Ferrier, Thorsby and Foothills. Its core area, Ferrier, is a resource play. The Ferrier is a liquids rich Cardium gas play. North Ferrier is an extension of its core Ferrier area. Its Thorsby asset is located in the central part of the province. Its properties, located in the foothills of Alberta, are a more minor area for the Company.


TSX:PRQ - Post by User

Post by vocex1on Jun 17, 2022 1:43am
215 Views
Post# 34763507

Suggestion-Modified Royalty Trust

Suggestion-Modified Royalty TrustWorld markets now in bear territory, Fed in US in panic mode, confidence slipping in economy, no PPT intervention to ' save the day' for over valued markets that have run out of printed fuel. Suggestion for Gray Brothers, since they hold 70% of the outstanding 121 million shares: the strip for WTI averages approx. $95 usd all the way to December of 2024 End of 2022 production expected is 9000 bbl/day. That is gross revs of $855,000 usd/day or $312 million per year, discount differential btw WTI and Canadian @ 80% or $250 million usd. Take 1/2 of the $250m to cover overhead, drilling program to maintain production AND... announce a 50% payout in dividends at quarterly payout of . 25 cents, or $1.00 per annum Of course, wishful thinking, but, if this general market correction continues, even the best will fall in share price, except for those that demand a valuation based upon exceptional payout of profits. So, how about it Don, Ken, Stuart all the Gray family could set the pace once again as they have with Peyto, a major dividend payout would recoup your buy-in in short order and the opportunity for hedging forward at close to $80/bbl may not last, but it is good now and for the next 2.5 years. O+G operators could change the trend by upping payouts, money that is now flowing away from the energy sector(which is absurd considering free cash flows) would surely stabilize the sector and drag reluctant investment money back to this sector, especially as we are heading into a massive shortfall of fossil fuel energy supply, which is even now becoming apparent even to the most misguided Green proponents GLTA
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