Petrominerales Ltd.
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Re: Hugo Chavez... some valuations for PMG and colleagues << Have you run any 2P NAV + CF valuations (50/50 wieght) on PMG verse PXT and CZE. -a* >> I don't do that. I just look at the EV/2P boe ratio and the EV/CF ratio separately. However, as you already know, I do calculate the EV/(2P NPV@0%) ratio. Here's that number for Colombian mid-tiers and juniors of interest: CZE - 0.36 PMG - 0.50 PRE - 0.65 GTE - 0.77 PXT - 1.0 PMG EV/CF ratio = 2.1, the lowest of the lot. CZE = 2.7, PXT = 2.9, GTE = 5.9 PRE = 7.2 PRE dividend yield = 1.5% PMG dividend yield = 3.5% IMO, the higher valuations of 118K boed PRE are justified. All the above 5 are cheap by recent historical valuation standards. For stock pickers, the play and company strategy are key IMO. An investor could buy a basket of equal parts of all these 5 companies, promise to not look near term, and in a few years times if it all works out, the basket should be up substantially.
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| Msg # | Subject | Author | Recs | Date Posted |
| 4836 | Re: Hugo Chavez... some valuations for PMG and colleagues | clambo | 5/3/2012 4:20:51 PM | |
