RE:RE:RE:RE:RE:RE:InterOil (1,412 boepd, 65% oil), PTA (5,500 boepd, 98% oil)I do not understand why you cheer up guys. Today at C$0.15, PTA has the same EV with InterOil (IOX) that produces only 1,412 boepd with 65% oil and is full of debt!
Please see again the title of this thread to realize why PTA is still absurdly undervalued compared to the peer group.
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On a second note, the herd mentality and the stupidity never cease to amaze me.
Despite the factual articles from Value Digger,
despite the easy math and the valuations,
despite the facts that prove that PTA should be now at least at C$0.50,
there are still people who sell PTA today. I really wonder why these sellers deal with the stock markets since they do not have any idea from fundamentals. I know the answer. These sellers deal with the stock martket because they do not deserve the money they have, so they must lose them asap.