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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 > String of 0 loading for days at a time. Likely the result of
View:
Post by drunk@noon on Mar 18, 2024 3:05pm

String of 0 loading for days at a time. Likely the result of

the oil spill. Barges being held up until an investigation takes place is a real possibility. I don't know anything,, but I have been waiting for a shoe to drop from this. I am surpirise people aren't more alarmed about it. Especially coupled with the string of 0 production days according to the petroperu loading numbers. I did sell a chunk a ways back and moved it to HME which has made the jump from 1.30 to 1.60 plus range. Unfortunatley I should switch more as HME has  a similar free cashflow with 0 risk.
Speaking of risk even before this oil spill F up, production has been servely disappointing, as despite claims of manaagment that the fireld would produce 22-23,000 bopd if unemcumped by exterior stoppoages they were avging sup 17000 for well over a week. With those kind of numbers, they would be lucky to avg 15,000 bopd on a yearly basis taking into account the 4.5 months of 11,000bopd.
If anyone knows why they were avging sub 17000 bopd even before the spill feel free to enlighten me. 
This company is soul destroying as they should be minting money with brent over 85 dollars.
Comment by geezer21 on Mar 18, 2024 11:57pm
They are minting money. They are paying a dividend They are buying back shares They have been averaging 17,352 near the top end of 2024 guidance of 16,500 to 17,500.  2023 average was 14,248. Last three days they have produced 20,841, 20,586, and 20,313. As production increases they will likely exceed 2024 guidance. Petrotal has a 57.63% profit margin. It is one of the most profitable ...more  
Comment by geezer21 on Mar 19, 2024 12:19am
Hemisphere is producing 3,400 barrels. The share price bumped up to $1.59 but consider selling it now as Hemisphere is way oversold and likely to have a correction. Petrotals dividend is higher.
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