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Bullboard - Stock Discussion Forum ARPETROL LTD V.RPT

"ArPetrol Ltd is engaged in the exploration for and development and production of oil & natural gas, and also provides natural gas processing services for third parties in Argentina."

TSXV:RPT - Post Discussion

ARPETROL LTD > Argentina=Big country, needing gas and oil
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Post by westcoast1000 on Jul 14, 2014 4:15pm

Argentina=Big country, needing gas and oil

Watching the world cup, I was reminded that Argentina is indeed a large country that is in great need of domestic oil and gas, with excellent reserves but an underdeveloped petroleum sector, due in part to the former administered pricing scheme.

I am also reminded we have a great prospect here, with strong cash flow from the gas plant with which to rebuild wells and drill new ones.

I have decided to forego trying to secure a whole one percent of the shares, and will make due with over half a percent. Again, I had to boost the price notably to accumulate.

WC
Comment by DocPat on Jul 14, 2014 5:52pm
Hey Westcoast .. I agree, any volume at all and this thing goes North in a big way. Still, the potential from here is just massive and looking back a couple of months from now, I think 0.50 is going to look stupid cheap .. At a guess, the company should be having an AGM soon and what a great time to role out the plans for 2014 .. Likely the recompletions first and those go fast so with that in ...more  
Comment by JRParker on Jul 14, 2014 6:34pm
The notice for the AGM is on Sedar - date is Aug 27th. Agree this is a great stock and a steal at 50 cents.
Comment by 2j3kl on Jul 15, 2014 8:46am
This post has been removed in accordance with Community Policy
Comment by DocPat on Jul 15, 2014 11:53am
Where else could you get a 5 year payout on a utility company that has room to double the utilization of the plant .. If they chose to declare a $0.10 dividend they would still have cash flow sufficient to complete the wells that are already drilled as well as negotiate a joint venture to drill the offshore prospects with stunning upside ..  The political situation is getting nothing but ...more