Post by
vocex1 on Feb 21, 2023 12:20pm
Petrus Leading...
Petrus shares are now a leading indicator, that is, on the way down in the Canadian O+G sector.
According to Stockhouse, Petrus price to book is .915 and price to earnings is .90.
These are trailing numbers.
I assume with an active hedging program already in place, that, even with the huge decline in NG pricing recently in NA markets Petrus will come in with good numbers whenever 4th quarter numbers are released as production has grown significantly Q over Q.
Crude/liquids pricing has been more stable during the past months.
This is a low volume sell-off on PRQ shares, easy shorting target. Petrus mgmt said to expect a handsome price appreciation in recent interview.
It will take some heavy lifting to make PRQ share price
look good to shareholders now, it is off 13% today.
Really did not expect this share price performance relative to peers/ Canadian O+G sector.
Comment by
WRig33JN on Feb 21, 2023 12:55pm
Ugh.. Last June I decided to hold another year instead of selling to pay down the mortgage etc. It'll be worth I told myself. Ugh.. Been brutal AF watching this drop. Now I may as well buy more I guess. Very happy with all the work Petrus has put into growing this company. HOLDING STRONG.