GREY:BXEFF - Post by User
Post by
stockfyon Feb 03, 2019 10:38am
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Post# 29311710
BXE......Petrus (PRQ)........Point Loma (PLX)
BXE......Petrus (PRQ)........Point Loma (PLX)Somebody mentioned Petrus (PRQ) but PRQ has high leverage, not as high as BXE, but it's above average. I think PRQ is very risky. I suggest that you check Point Loma (PLX) before it's too late.
PLX has zero bank debt, it's a natural gas weighted growth producer and it made a very significant Rex oil discovery next to Altura's Rex lands a few days ago, so an oil deal with ATU is very likely.
PLX also plans to drill another oil well on another oil pool (Banff) very soon.
PLX has high insider ownership too, so the insiders are fully aligned with shareholders.
PLX is also about to sell its Duvernay acreage to focus on growing its oil pools (Rex and Banff).
PLX has also very low key metrics per flowing barrel and per boe of reserves.
Do your dd. Just my two cents.