PTAL - undervalued

[Proselenes]

Given the recent price falls, PTAL now looks very cheap.

No debt, plenty of FCF and solid management.

They have just assured the market today that oil prices are no issue and they are in full control of everything and have options.

Todays RNS : https://www.investegate.co.uk/petrotal- ... 00065681F/


They are currently producing over 10K bopd and will end 2020 producing 20K bopd. There will also be reserves upgrades to come in due course.

People may see oil stocks as a place to avoid but given how cheap PTAL is now and on current guidance on production targets and netbacks, its one that should be considered by the many, not the few.

Web site : http://petrotal-corp.com/

PetroTal Twitter Account : @Petro_Tal

Feb 2020 Presentation : http://petrotal-corp.com/wp-content/upl ... 6.2020.pdf

With no debt, plenty of FCF and a management team that will keep the company focused on keeping cash flow positive - its worthy of consideration as a share idea for 2020. And for those who like spice..........they have exploration upside in Block 107 which they might drill in 2021 if they are flooded with cash. For now they are focused on increasing FCF and growing the already nice bank account.

[Proselenes]

Forgot to mention, they pay a small dividend as well - as some people like a stock that pays a divi.

[Proselenes]

Nice little write up. (PTAL is dual listed.... London:PTAL Canada:TAL)

https://seekingalpha.com/article/433945 ... 4-dividend

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