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Petrotal Corp PTALF


Primary Symbol: T.TAL

PetroTal Corp. is an oil and gas development and production company focused on the development of oil assets in Peru. The Company is engaged in the exploration, appraisal and development of oil and natural gas in Peru, South America. Its flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95. Through its two subsidiaries, the Company is engaged in the ongoing development of hydrocarbons in Block 95 with a focus on the development and production from the Bretana oil field. In addition to further leads in Block 95, the Company has significant exploration prospects and leads in Block 107. The Bretana oil field is located in the Maranon Basin of northern Peru. The Company has a 100% working interest in the Bretana oil field. Block 107 has three additional leads, inclusive of the Osheki-Kametza prospect.


TSX:TAL - Post by User

Post by Hendrick3on Apr 07, 2021 10:18am
164 Views
Post# 32948644

Good but not great

Good but not greatI bought some of this stock a month ago based on some of the hype I had heard through this stock board. I should have known better. While Petrotal has some good fundamentals, relative to some other players they are fully priced. They are trading at around $35,000 per flowing barrel, based on their enterprise value and there are lots of companies trading well below $30,000 that don't have the exotic risk of being in Peru. Lesson learned for me is do your own analysis. While the other stocks I was buying at the time have gone up 30-50% this one has languished at my purchase price if 32 cents.  Holding it in hopes of a breakout but so far the cost is just tuition for me to do my own due diligence. 
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