Petrus Resources Ltd T.PRQ

Doc Jones bullish on Petrus

[LowMoor]

https://www.kereport.com/2022/01/26/doc-jones-bullish-fundamentals-for-oil-nat-gas-and-petrus-energy/

[topdop]

Many thanks @LowMoor a good synopsis & one very soundly based. Long story short: I've made money with Don Gray and Peyto from their very early days over twenty years ago. I have been a shareholder there again now owning a whole bunch at ~$4.20 a share.  IMO, Doc Jones' takeaway points are also relevant to PEY also. Fast fwd to 3 or 4 years ago, I heard that Don was

[llerrad5]

Curious, do you buy AX stocks on the Ausi market or OTC in USA?

[topdop]

Buy on ASX through my accounts with a Canadian resource focused Broker.

[LowMoor]

1/25/22 CEO Ken Gray fireside chat with Doc Jones In case anyone missed this chat with Ken Gray. posted below. https://anchor.fm/docjonesresourceinvestor/episodes/Petrus-Resources-CEO-Ken-Gray-fireside-chat-with-Doc-Jones-PRQ-TO-PTRUF-e1deong

[LowMoor]

Hi Topdog, Looking great with todays news release. The selling is nothing but market bs. Low volume but the stock has come a long ways. I am holding my position for at least a year plus+. All Great! Thanks!

[topdop]

@LowMoor I would look out to the +5 year time horizon. Why? All the Gray clan are doing is building a PEYmkII. But one in which they own much, much more. Don is still Chair @ PEY and PEY is a still a leader being in the lowest percentile for costs $ in Canada. PEY are experts in many fields: horizontal drilling; multiple wells from one pad; fracking and of course great petroleum Geologists

[llerrad5]

A question I ask myself: Since the Gray's own 75% of PRQ, will they take it private once it is generating a good cash flow to fund it's own expansion?

[WRig33JN]

@ Topdop Thanks for this post. I got into oil stocks 1 year ago. Recently PRQ. Looks like a good place to be invested for the long term.

[topdop]

nice one @WRig33JN Of course the chances to buy loads of big brother PEY at under $3 and loads, too, of PRQ between 9c and 78c were opportunities not to be missed. And we're not going to see those numbers again anytime soon... GLTA