Cdn. Yield: Corps, Trusts, GICs, Pref. Shares - Gassious - Cdn. Yield: Corps, Trusts, GICs, Pref. Shares - InvestorVillage


Cdn. Yield: Corps, Trusts, GICs, Pref. Shares
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Msg  110764 of 110938  at  10/26/2021 6:43:11 PM  by

wynner

The following message was updated on 10/26/2021 7:03:08 PM.

 In response to msg 110763 by  Alkhor
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Re: Gassious

I have/am doing some comps on other near bankrupt gas producers. PMT is the best in my opinion that I found.

EG . Petrus. Same production levels , higher debt. Price target $1.25. Did I mention 2X debt. Gets twice the market cap.

That would put PMT at $1.50 plus only half the debt. Hard to go bankrupt with no debt.They also own 4 million warrants to buy back Rubellite at $3 . Giving them 9% ownership. When they hit 2000 bbls/d, RBY will be $5 imo. Plus no debt and another$12 million from PMT to go toward the many holes in the ground.

Well done for buying PMT at 5 cents. Wasn't on my radar then. Congrats on a gazillion % return. I started buying at 31 cents. I bought more yesterday.

I owned it for years after it was spun out from Paramount and Clay Riddel to Sue Riddel. 15 years ago? I sold most of it for about $8 then got rid of the last of it for a grand total of $20.

Q3 and Q4 is a different world for these guys now. Bonanza time. Cue Hoss and little Joe.


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