RE:Majorly Undervalued
Great post Cricketman1 - these folks are surrounded by money; the major shareholders are significant people and capital is pouring into fossil fuels. Every set of circumstances the company has faced over many years has been used as an excuse for a grossly low market cap. When circumstances change such as now with oil so high - they use other circumstances to defend the even lower market cap.
Everyone wants oil and PFC has oil - it doesn't matter much what kind of oil and flow rates etc.. they could JV with another oil company or undertake any number of other initiative; but they don't.
The communication is defense lawyer quality with the shareholders being the plaintiffs begging for fair disclosure- they're told little or nothing and news releases are made only as required by law -much like court submissions hahahaha.
You're right BTW - if half the company is worth 24 million than the whole company is worth 48 million; yet the whole company is worth less than 20 million - and they are comfortable with that so far - probably even happy as they can re - finance at negligently low levels.
There must be something else going on here....something not good.