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Lucero Energy Corp Com V.PSH


Primary Symbol: PSHIF

PetroShale Inc is an independent oil company focused on the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations in the Williston Basin area of North Dakota.


OTCQB:PSHIF - Post by User

Post by 600Volton Mar 08, 2022 9:46am
261 Views
Post# 34494662

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* Raymond James’ Jeremy McCrea initiated coverage of PetroShale Inc. (PSH-X +3.45%)

increase
 with an “outperform” rating and $1.15 target. The average is $1.05.

“Having an experienced management team with a track record of success, the company plans to grow and consolidate areas of the North Dakota Bakken/Three Forks formation,” he said. “As the company identifies assets, we calculate that the current highly profitable inventory should serve as a base to rapidly pay down debt given 4-6 month well payouts at current prices. As the company reduces leverage and embarks on a growth plan, we expect to see the valuation improve as new institutional investors become familiar with the name.”

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