TSXV:PTR.H - Post by User
Comment by
COGTon Nov 26, 2004 6:53pm
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Post# 8235209
RE: fair market value for ptr i feel
RE: fair market value for ptr i feel Sharp; Today,I got confirmation 300+ boe/day production on the books from IR ( adding up %of all wells producing incuding gas converted at 6-1 ratio).Using 40 million share float, I arrive at 12 cents/share CF (x 5-8) x 12cents =60cents to $1.00/sh. Or, at60k/boe, take out, PTR is at least fully valued at 45 cents.
So, at the risk of being a prude, I don't understand what all the commotion is on this board.
The topic is a junior O&G Co., producing oil and gas, not some Tech concept stock.Blind is still with the company and nobody has been pushed out of a helicopter over Redwater!
Redwater #9 flow is only icing on the cake.If 100 boe net, after farm out agreement(s) adds another 3 cents CF/share.If it's an elephant with six more targets to drill, great.Simple story of meat and potatos finally coming together,unless I'm daft.Any comments from yourself or anyone watching would be appreciated.All IMHO