RE: RE: RE: RE: $6.06 Target price Hi Grox01,
There are a number of factors( in no particular order ) which is causing POE to rise and I have listed below a few factors:
Anticipated drilling results and continued drilling.
Click the link to article from stockhouse,
https://www.stockhouse.com/Community-News/2012/Jan/9/Junior-energy-stock-pops-on-exploration-well-resul
Stock has been beaten down with all other stocks during August and only now has come back to life with operational update.
Stock trading in oversold territory
Insider Buying with shares being purchased alot higher than POE current price.
https://canadianinsider.com/node/7?menu_tickersearch=POE+%7C+Pan+Orient+Energy
Very low float ( 55mil/60 mil fully diluted) and VERY low market cap.
Rising oil prices
PE ratio of only around 6, other oil companies trade at 15-20 times
Well funded with 55 million in the bank (which is about $1.00 per share)
This means that if funds want in they have to by on the open market like you and I instead of through a discounted private placement.
Income with production with of around $90 million per year at todays production rates and oil prices
6 Analysts covering POE - 4 buy ratings and 2 Strong buy ratings
Book valve on POE $3.90 I believe
one analyst said that POE could be the stock pick of 2012
Consensus price target between all analysts is $6.06
3 exploration drill targets that EACH could "transform this company"
Tax loss sellers are long gone and helped us make a nice stable base
Here are some off the top of my head. Hopes this helps but as aways do your own d.d.
GLTA