RE:SA articles about PTA Evestor,
Here is part 2 of the response:
"You seemed focused on cash flow. Fine. To further add to trader57's comment, at current production ie 6,500 boe/d, the Oct 10 close of 0.26 (Canada is on holiday), and Brent at $88.4, the current EV/ cash flow run rate is approximately 2.5 EV/OCF right this second. PTA is just fine with Brent at $88.4.
What I think is extremely likely is that you did not read my article. You would notice that your $125 EV comment is wrong, future reserve growth was addressed along with every other word from your comment in the article.
If you feel PTA isn't a buy here, the Seeking Alpha "become a contributor" button is just a click away. In your article, you can inform us what you're looking at that is better than PTA. To qualify, it must beat the following:
1) Trade at better than a 2.5 EV/OCF run rate
2) Trade at better than 2.1 EV/EBITDA run rate
3) Forecast higher than triple production over the next year
4) Forecast higher than quadruple reserves over the next year
5) Have no insider selling and at the same time, have even more recent insider buying
6) Have a better cash surplus / market cap ratio
7) It'll be hard to beat management here so I'll allow a push on management
8) Have a higher median target price/ current price by professional analysts.
Good luck finding that but if you do, please write a nice long article about it. I promise to read it. "