Post by
Squint1 on Jan 08, 2011 2:46pm
PMG Potential is Undervalued
Based on Dec. production of 34,807 bbl/day plus the shut-in productionof 5,000 bbl/day for part of December and the results from Yenac-2 and Yatay-1,I project current production at 47,582 bbl/day. Assuming productioncan be maintained at this level with new discoveries and a $57.14 cash flow perboe consistent with prior periods adjusted for a $90 WTI price, this wouldresult in cash flow per share of $9.58, equating the current share price of$35.25 to a 3.68 times multiple.This is much too cheap given the number of planned wells and theirsuccess rate to date.
Comment by
bossu on Jan 09, 2011 9:53am
.......And you forget to mention that they are very active right now and many drilling results are expected by the end of this month and during the rest of the year.I have sold a part at 37,25 but I am surely going to buy more if it drop to.... say $33 Very strange to see the lack of interest in that great company. (Judging by the few posts..)
Comment by
Mainman on Feb 15, 2011 4:26pm
I used to visit the Stock house Bulletin Board for PMG but then I went to Investor Village for Petrominerales posts and opinions. You can read for free but if you want to post you have to pay for that privilege.If feel that Investor Village is way better that Stockhousse for PMG informationJMOThanksMainman