NYSEAM:PLX - Post by User
Comment by
Maxmoeon Jul 27, 2018 2:02pm
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Post# 28378376
RE:PLX - Smart acquisitions beaten down by an ugly market?
RE:PLX - Smart acquisitions beaten down by an ugly market?I think it’s a good little company, just hit my target. Nat gas is very contrarian right now which is why it’s so cheap. Like the others on your list. I own pey. Be careful of boe/d data. It’s based on energy at the burner tip equivalent, not economic value. One barrel of oil has about 6 times the btu energy of an mcf of gas. This is used in boe/d. BUT oil is priced at a much higher price than that of nat gas depending on location, grades, season, etc. it’s worth about 3 or 4 times as much. At least. even allowing that oil has typically higher royalties and production costs, using boe/d is interesting but financially irrelevant or even misleading. IMHO