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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 > Their buyback is a waste of money as it's piddly. HME is
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Post by drunk@noon on Mar 19, 2024 4:19pm

Their buyback is a waste of money as it's piddly. HME is

serious about their buy back. Also take into account that their dividend will be higher than base quarterly. See last year. Also take a look at the hudge discount they treade to NAV. And the risk is night and day.
Also, if you notice petrotals presentation is a bait and switch game. In the chart showing future production they always have the next year jumpoing up 4-5000 bopd. Last year they had them at well over 20,000 for this year. Then they changes the figure. And now they have next year's production jumping to 23,000 bopd. Since they can't even produce an avg of 17,000 with no contraints, what are they going to do this year. 15,000 bodp. I mean, they just finished doing a week where they had 4-5 0 prodcution days, with mid teen production when they did produce. What's going on their. It's always something. I always thought if they could ever get over Perez shutting down operations every few months this thing would be a steal of a value. I have held this for years starting in the mid twenty cent level and have done very well.
Manola is a good oil man, but things aren't really adding up given they talk about being able to produce 22-23,000 barrels a day without being constrained by outside factors, yet they are lucky to avg 17000 bopd. And now, don''t forget, they have to pay 33% in taxes in addition to social fund and royalites. So it isn't the cash cost it was before. Don't get me wrong, at 85 dollar brent, and if they can ever start pumpoinog out 20,000 bopd this is a good value- but the now their is politiccal risk, transportation risk, and execution risk as production isn't coming through as promised. Unfortunately my hodlings in Tal still dwarf what I have in HME, and HME is up another 5 cents today.
Comment by Haymarket on Mar 19, 2024 6:13pm
I can only guess why Petroperu report lower production figures, but Petrotal says January 2024 average production was 20,450 bopd. So they were ahead of guidance in January as they are guiding at 18,500 bopd for Q1.    In the presentations there's all sorts of modelling with projections out to the year 2040. So one reason to do this is to show that the dividend and capex is ...more  
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