TSXV:PLO.H - Post by User
Post by CanadianPatrioton Jul 19, 2025 2:21pm
40 Views
Post# 36649921
High Risk
High Risk
High risk play that is essentially priced at zero at essentially zero market cap (C$70 k) but controls 10 shallow oil targets along the Texas Gulf Coast. A single successful well flow test at current WTI levels (>US$70/bbl) could deliver outsized percentage gains. The stock’s book value per share (PB 18×) reflects that the market already prices in minimal probability of success; any positive pilot well results would likely force a revaluation.
Any challengers on this thesis?