Brent just broke $70!! Next stop Brent $75!!Production forecast exeeded for 2Q21 of 10,500 bpd, currently sitting at 10,945 bpd May avg. to increase to 12,000 bpd shortly once pump upgrades are complete. I wonder what PetroTals average 2021 realized Brent sale price will be?
Auctus Analyst May 12 2021 - $0.96 CAD Price Target Maintained
Brent at $60 = PetroTal at $0.96 CAD - £0.56
Brent at $65 = PetroTal at $1.20 CAD - £0.70
Brent at $70 = PetroTal at $1.37 CAD - £0.80
Brent at $75 = PetroTal at $1.54 CAD - £0.90
Brent at $80 = PetroTal at $1.71 CAD - £1.00
Brent at $85 = PetroTal at $1.88 CAD - £1.10
Brent at $90 = PetroTal at $2.05 CAD - £1.20
According to Auctus - For each US$5/bbl increase in Brent price, our Core NAV increases by ~£0.10 ($0.17 CAD) (per share.)
IMO DYOR NFA