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Bullboard - Stock Discussion Forum Petrotal Corp PTALF


Primary Symbol: T.TAL

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... see more

TSX:TAL - Post Discussion

Petrotal Corp > 3.50 $$$ plus
View:
Post by Moremoney4u on Jun 09, 2022 4:12pm

3.50 $$$ plus

TAL, is sitting on a pool of oil. The production levels are about to rise to 20,000 BOPD. They payback in two months, amazing. The issues which they have , is the social unrest. The govt. is addressing this , by providing , greater safety, more jobs, etc., to the indigenious people. The other issue is the destructiuon of the pipe lines and the pipeline deterioration. They NEED  repairs. also, protesting tribes, are causing damage to the pipelines. The political situation HAS to be repaired. scandals, corruption, etc is prevalent. This will be corrected, the people are demanding change. GOVT is pro OIL INDUSTRY. Thats good. This is a great time to be buying TAL, the situation will change and TAL, will be drilling and pumping more oil. Their cost to produce is 28.00 per barrel.AMAZING. They produce 15,000 per day. DO THE MATH.  Volume has increased recently. load up the truck. 3.50 $$$  PLUS PLUS. VERY UNDER PRICED.
Comment by Binkie on Jun 11, 2022 11:04am
I just don't see $3.50 as a reasonable valuation this year. That would put the market cap at about $3billion which is not realistic for 15,000bopd. Plus as you mention there are some risk factors in Peru, and while some of the top ones have been addressed, they are still projecting 5% social unrest downtime.  There are good catalysts coming for sure. H11 results later this month should ...more  
Comment by mjh9413 on Jun 11, 2022 2:15pm
I believe you're right about a path to $2 but based on their own high-end fcf projection and sovereign/social risk discount I see $1.37 to $1.50 being awarded in FTM.As you say, still good from here and more especially for those who bought much lower. I like the management team. As I said before pragmatic and I'll add smart.
Comment by Binkie on Jun 11, 2022 3:09pm
Hard to find any shame in 50-65% gains mjh, if your projections turn out to be in the right range. I have little doubt we are both right, it's a matter of when not if. 
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