PTA vs PXT Assuming debt and reserves are in ratio to each other, what should PTA's SP be if only shares outstanding and present production are used when using Parex as the metric:
PTA
Shares: 580,798,260
Production : 5,500 BOPD
PXT
Shares : 108,421,851
Production : 15,500 BOPD
580,798,260/108,421,851 = 5.36
15,500/5,600 = 2.76
PXT @ $4.39/5.36 = $.82.......$.82/2.76 = $.30 (PTA)
I know this is crude math but it does give you an idea of why we are trading at this price. Hopefully with increased production and a more favourable sentiment towards the energy sector in general, it's onwards and upwards from here. I think we can all agree that $.25 for PTA is considerably undervalued.