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Bullboard - Stock Discussion Forum Petrotal Corp T.TAL

Alternate Symbol(s):  PTALF

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 > Predictions???!!!
View:
Post by hart.marco on Nov 26, 2020 12:01am

Predictions???!!!

If oil stays around $45 per barrel, and production maintains 11,500 BPD, does anyone think this could reach $0.30-$0.40 before the end of the year?

Comment by Kramerkarma on Nov 26, 2020 10:58am
I doubled up my small position. Sold GXE at 650$ gain after trade fees. Rational is GXE and TAL are almost identical EV. GXE has 6k boe TAL might be selling 5.5k but has 11k on tap and able to scale to 20k realistically. So should be 4x GXE EV mabey less without hedges and possible protesting. So average cost went from 22c to 20c . Long haul 75c + but ill re evaluate at 25c to see how Nat Gas is.
Comment by nel12 on Nov 26, 2020 11:07am
Yes, if production maintained...
Comment by hart.marco on Nov 26, 2020 12:03pm
If we break the $0.18 limit again I think we will be in good shape. 
Comment by Kramerkarma on Nov 27, 2020 3:33pm
hope so its painful to have sold GXE and have it pop 12% and this one not lol... but got my long haul pants on. Lets get 20k boe next year !
Comment by hart.marco on Nov 28, 2020 2:26pm
No worries Kramer; $0.24 is right around the corner. 
Comment by hart.marco on Nov 28, 2020 8:38pm
  PetroTal Corp (#PTAL) Good news today from PTAL as the company recommences oil production at the Bretana Field, all seven wells continue to be gradually brought into full operation, current production is c.11,000 bopd approaching the pre-shutdown level of 11,500 bopd. Production will initially be through deliveries to the Iquitos refinery, then it will be through the Northern Oil ...more  
Comment by hart.marco on Nov 30, 2020 12:15pm
Back to $0.14 before we TAL starts to take off again? All the day traders cashing in on last weeks gains. 
Comment by Kramerkarma on Dec 01, 2020 5:26pm
just read the news that there pumping 11k awesome !
Comment by Kramerkarma on Dec 03, 2020 5:20pm
added again at 16c so average cost is 19c now (from 20) - but in reality I sold a whack of PNE at a loss so these shares are really 20c each as: gas is not working out with warm weather resilient production and large cdn to us imports. So still hopeful in a longer term as oil can rise and they can hit 20k boe.
Comment by hart.marco on Dec 03, 2020 8:06pm
As promised, TAL averaged 5,000 bpd for the month of November!
Comment by RHertig on Dec 06, 2020 7:45pm
Yep the saga continues. I only have 600 US invested. But I hold so muce GTE I can't bring myself to add. I winder how much of this I own fir every GTE share. I think the own at least half.
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