Petrotal Corp T.TAL

Alternate Symbol(s): PTALF

Energy Oil & Gas E&P

PetroTal Corp. is an oil and gas development and production company focused on the development of oil assets in Peru. The Company is engaged in the exploration, appraisal and development of oil and natural gas in Peru, South America. Its flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95. Through its two subsidiaries, the Company is engaged in the ongoing development of hydrocarbons in Block 95 with a focus on the development and production from the Bretana oil field. In addition to further leads in Block 95, the Company has significant exploration prospects and leads in Block 107. The Bretana oil field is located in the Maranon Basin of northern Peru. The Company has a 100% working interest in the Bretana oil field. Block 107 has three additional leads, inclusive of the Osheki-Kametza prospect.

TSX:TAL - Post by User

Petrotal Corp

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Post by geezer21on Jul 03, 2023 10:26pm

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Post# 35525293

Petrotal Outporforming

Since 2022 Petrotal has been outperforming the price of Oil. While the price of oil has declined Petrotals share price has stayed flat fluxauating around the 50 day average. The increasing production has been a bigger factor than the decline in the price of oil and the river blockages have been nothing more than noise.

With OPEX and Russian cuts, and underproduction in West Africa oil prices will be on the climb back up to $90 through the next two month making for a tail wind behind Petrotals rising oil production.

Compared to over 40 Canadian oil producers Petrotal has the best looking chart. Charts for the Canadian oil producers all look like the oil price chart, in decline since 2022.

https://stockcharts.com/freecharts/gallery.html?TAL.TO

https://tradingeconomics.com/commodity/crude-oil

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