TAL Entering 2023
With a eps/share price ratio of 31% that translates into a p/e of $3.19 it is one of the lowest in the oil patch going into 2023.
$0.21/$0.67 = 0.31
With multiple macro conditions driving the price of oil higher in 2023 and Petrotal increasing production and exporting more oil out through Brazil, Petrotal will improve and remain at the top as one of the best Canadian oil producers.
- reinstating return of capital in 2023, share buy backs and dividends,
- 80 mill bond to be retired Q4/22, Q123
- addendum to social contract finalized with discident group at table.
- well 12H completed and flowing
- well 14H scheduled for early 2023 completion