Originally Posted by
JBmurc
Been buying up VLE on the TSX producing 22,000+bbls daily at present and planning to head towards 24,500bbls in Thailand Light to Med APi oil
P/E sub -2!!!! could double in value and still be cheap Vs average O&G on the S&P 500 P/E Ratio is 11.78
Some CAD$200mill+ in cash puts their E/V @ CAD$200mill ... not very expensive Vs Reserves + FCF ..
29.2Mmbbls 2P Oil reserves ....94% of the YE 2018 2P reserves were replenished over the last 6yrs ...
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