TSXV:PEC.H - Post by User
Post by
JamaicaBoundon Mar 05, 2012 7:55pm
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Post# 19629962
This stock is still a bargain
This stock is still a bargain I bought this stock at .12, and purchased more when it dropped to .10 I have not sold, nor do I intend to sell in the near future. Compare this to other E&Ps as per below.......you will not find a better bargain. I also own BKX, and WZR, but PEC is the one I'm banking on.
Porto trades at 0.06x our Fully-risked NAVPS, which is an 88% discount to other International E&Ps and the lowest multiple in our coverage.
Exhibit 2. Porto Energy: Relative Valuation
Recent At Price Ticker 1-Mar-12
BNK 0.42x
BKX 0.24x
CNE 0.62x
CKE 0.59x
CZE 0.58x
GTE 0.63x
NKO 0.42x
PDQ 0.24x
PRE 0.86x
PXT 0.82x
PMG 0.71x
SNM 0.41x
TNP 0.39x
WZR 0.34x
Average 0.52x
PEC 0.06x