SuperbReserve Replacement report.
I don't know where else to find this kind of historically validated (+24 years and counting) and ongoing Reserves Growth in the sector.
The value in any commodities company obviously primarily comes from the studious and careful development (and growth) of company Reserves.
We now have a track record of 25 years and what stands out is that PEY operates a consistent, quite "open" data driven approach wrt costs and expenses management in developing assets and in recycling cash produced that makes it an outlier in this regard.
Lastly, I've been a shareholder on & off for 21 years now & I think our "team" is first class.
It looks obvious to me that PEY is somewhat of an anomaly. It is *special* in that this team has demonstrated a modus operandi - over considerable time (decades) & differeing commodity price cycles - that sets it apart from peers. Their team should be more openly recognised as "confidence generators" as well as an energy producers!
I have no doubt that when Cascade is fully rectified as well when more normal pricing stability returns, this company will retrace old historic share price Highs.