RE:RE:RE:Cheap valuatio We probably agree that there is no reason to expect the stock to be trading higher than it is.
Anybody's call whether it has real potential for big gains. I will make one prediction- if there is an announcement that say, the federal government has agreed in principle to give PEA a billion in aid.... when the stock runs up, after it plateaus, cash out.
As to the value of the Alberta assets... there will be a restructuring of debt because the term loan right now is due in full in 19 months, with still no prinipal paid. Plus there does have to be some kind of solution about the operating licences acceptable to AER. A JV with Shell? Maybe. But that would mean Shell keeping all the extensive decommisioning laibilities, which is what they wanted to unload. I'm sure something is possible, but that is a whole lot of ifs in front of guessing value down the road- even with the strong commodity prices.
downwithdotcom1 wrote: some valid points BUT their condensate HEDGES came to the end at the end of 2021 and this alone was worth more than $2 mill per month in extra rev and that was at $85 usd..right now this translates now to maybe $4 mil extra plus add in the percentage drop in hedged nat gas along with strengthening nat gas pricing, all this new revenue could be meaningfull...look at Baytex, a heavy oil producer, literally weeks away from bankruptcy-massive debt, dividend eliminated, out of money hedges - it was trading as low as 30 cents -now at $5+ in less than 2 years..and now...the fight for freedom could actually result in some form of GOLDBORO coming to fruitition.. a risk?? yes !! didn't see this chain of events but i always felt the investment was worthwhile..as for others .the biggest risk is to GET CAUGHT NOT HOLDING right commonsense???
dwdc