RE:RE:PetroTal is flush with cash!! Brent $50.00/organic growthAuctus has new analyst coverage out today stating that if Brent stays at $65 for 2021 and 2022, the Auctus price target is raised from $0.89 to $1.20 CND.
"[Their] target price remains at £0.50 [$0.89 CND] per share in line with our Core NAV [based on the following furture oil price estimates]"
- $52.49 - 2021 projected average oil price
- $57.51 - 2022 projected average oil price
- $60.00 - 2023 and beyond projected average oil price
"Our target price continues to represent almost 3x the current share price. Even at the current share price, EV/DACF multiples are only 2.7x in 2021 and 0.8x in 2022. At US$65/bbl, our Core NAV would be £0.68 per share and EV/DACF multiples would only be 1.3x for 2021 and 0.4x in 2022. For each US$5/bbl increase in Brent price, our Core NAV increases by ~£0.10 per share."
https://www.auctusadvisors.co.uk/research-portal