RE: RE: RE: Stock price I'll explain the situation. In my opinion, Palliser is very undervalued right now. 2P NAV = 126.8M$ = 1,83$/share (fully diluted). We are trading at 0,216x NAV. Price per flowing boe is, in my opinion, a very bad metric to evaluate the fair value of a company. You can have production of 3000 boe/day 100% oil but have very low reserves. Palliser has proven its HVL concept and has improved significantly its proved reserves (+217%) since 2011. It is a very low cost producer and should make very decent cash flow this year. If they make 20M$ of free cash flow, that means we are currently trading at ~1,4x cash flow (crazy low valuation). In the past year, PXL's management proven me they know how to run this business.
In summary :
*We are trading at 1.4x 2013 cash flow (assuming 20M$ cash flow).
*2P NAV = 126,8M$ = 1,83$/share (fully diluted) = we are trading t 0,216x NAV !
I am confident market will recognise PXL's potential soon enough.
Always do your own due diligence before investing. This is only my opinion and not a recommandation to buy or sell the stock.