Post by
babybunny on Oct 08, 2021 11:30pm
Finally
I felt like a sucker for the past year, watching other oil stocks become five-baggers while Petrofrontier languished. Nice to finally see a reasonable plan to develop the considerable assets in this strong oil price environment.
I think Petrofrontier's enormous loss carryover may prove irresistible to a larger company, now that other oil companies are reporting profits, not just positive cash flow.
So I will try to hold out for two events: a re-rating of the company based on the revitalized field work; and a possible takeover perhaps a year or two out that would monetize both the physical assets and the loss carryover.
Good luck to other PFC faithful and new investors!
*** my opinions only, as always ***