RE:The recent information circular shows over a 5 year period The most undervalued stock in the sector. Stock price relative to 2022 reserve report PDP NAV discounted at 10% is at about .4 of value. Most companies trading at 1-2 times. Also only company I can find trading at less than 1x 2022 FFO per share. Obviously out of favour but fundamental values matter and it will at some point have to rerate or end of being taken over or privatized. They are performing but the stock price has been brutalized by short sellers. I would rather buy an out of favour massively undervalued stock than the stock in this sector selling well above their reserve report values.
I have seen this before with OBE and IPO and those worked out very well but do your own due diligence.