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Bullboard - Stock Discussion Forum Petrominerales Ltd PMGLF

Energy Oil & Gas E&P

GREY:PMGLF - Post Discussion

Petrominerales Ltd > Undervalued
View:
Post by Squint1 on May 10, 2010 12:20pm

Undervalued


This stock is trading at 4.89 times Q1 cash flow when productionvolumes in April are 30% (49,587 boed vs. 38,199) higher than Q1 as per the company’spress release.   Q1 cash flow was $1.45 Cdn. or $ 5.80 annualizedand the current price is $28.38.   This pricing does not even recognize thevalue of current production let alone any growth.   
Comment by jocotoco on May 15, 2010 7:49pm
 Compare the revenue chart with PRE for the last 6 quarters and you'll see why the share price is sliding. Come on over to where all the growth in Heavy oil is..CheersJocotoco
Petrominerales Ltd