New TD Report * I have no idea how to post the actual report. This is just the summmary:
We view Petroamerica’s year-end 2013 operations and 2014 guidance update as slightly positive, due to what we view as encouraging well testing results at La Casona-2 and Rumi-1.
We maintain our BUY recommendation and remain attracted to Petroamerica’s relative valuation, high netbacks and potential for free cash flow generation.
The largest upside potential that we see to valuation through H1/14 is associated with higher-risk exploration wells, including La Guira-2 and Crypto-1.