Share Name Share Symbol Market Type Share ISIN Share Description
Petrotal Corporation LSE:PTAL London Ordinary Share CA71677J1012 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.75 -7.5% 9.25 1,223,496 15:42:01
Bid Price Offer Price High Price Low Price Open Price
9.00 9.50 10.00 9.25 10.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 7.84 -4.24 0.78 11.5 62
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:25 O 100,000 9.25 GBX

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Petrotal Daily Update: Petrotal Corporation is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PTAL. The last closing price for Petrotal was 10p.
Petrotal Corporation has a 4 week average price of 7p and a 12 week average price of 7p.
The 1 year high share price is 32.50p while the 1 year low share price is currently 7p.
There are currently 672,196,034 shares in issue and the average daily traded volume is 1,856,655 shares. The market capitalisation of Petrotal Corporation is £62,178,133.15.
zengas: Don't know about anyone else but i've been loading up at the ridiculously low value per P2 barrel. People forget that the company is debt free and expenditure is scaleable and discretionary. 674m shares @ 7.75p = m/cap £52.2m/$67.9m. (using £1/$1.30). Share price = P2 per barrel value at 47 mmbls. 7.75p = $1.44/b. 15p = $2.80/b. 25p = $4.66/b. At $30/b oil on 15k bopd, the company makes $11/b and $60m/yr net back which for a 7.75p and 15p share price is simply way too cheap. In addition, with an increasing recovery factor the P2 was expected to double from the original estimate which would imply circa 80 mmbls at some point. If the reserves increase to 55 mmbls the above values drop even more cheaply to $1.23/b, $2.39/b and $3.98/b. Some oilmen should put that in their pipe and smoke it.
pro_s2009: Should be news on well 6H in two to three weeks - fingers crossed a good result - that might double the share price, then just need another 50% before its tripled bg :) LOL Warren Buffet is buying stocks now, which kind of indicates most of the bad news in priced in and its time for things to start recovering now. If Corvid-19 fails to kill at least 50,000 people worldwide, considering normal flu kills 600,000 worldwide, going to be lots and lots of egg on faces - perhaps I should be buying eggs now........ :)
spangle93: Siriusbizness, IMHO you make a good comparison. TXP grew production organically, but its share price didn't respond greatly to this growth. However it has risen strongly as results from its Ortoire exploration program have been exceptional. You could make parallels with Ortoire and PTAL's exploration block 107, which has potential giant structures. Perhaps PTAL will get a kick forward if it announced a farm out of this acreage, or even that it would sole risk drilling on one of the better prospects.
pro_s2009: The point was I am sure they have planned events to ensure that they are optimised. 10K bopd means the company is generating 300K US dollars a day - meanwhile the share price remains weak as their bank balance builds. At some point the weak share price will have to rerate. Reserves upgrade would be the biggest booster, soon will be March and then we can start to expect the new reserves news.
zengas: Didn't Amerisur finally dissapear from the market today after being bought out for £235m. Around 24 mmbo P2 and 6k production, similar south american netbacks to Ptal. Amerisur £235m valuation equates to 35p for PTal. The broker targets of 55p are more in line with Ptal value, given they have 40 mmbo P2 and 12,000+ bopd ie up to twice that of Amer. With 20,000 bopd on the cards this year and a possible further doubling of the reserves to circa 80 mmbo with patience(which they expect through the RF alone), I would think that supports a share price north of 100p before any other of their potential is realised through exploration or use of cash to buy further assets at some point. So yes not a sprint, but a buy and hold and enjoy the dividend as a bonus.
pro_s2009: Reserves JSE and PTAL are roughly similar really they should be roughly very close on the market cap. That gives PTAL a good near 100% upside. Now PTAL we think will double their reserves soon and if they do, that would present then 300% upside from the current share price. So yes..........hold and enjoy the rises to come.
thommie: It is really tempting to sell everything else and go all in ptal... but i already crossed red lines with this ptal investment which accounts for 20% of my portfolio now... Just can't risk it. Let's hope this will fly soon. A bit hard for me to see the share price around the same for weeks.
zengas: All that's changed since my post *502* - 9 weeks ago is that PTALs broker target has went up to 55p (which i again expect to increase). Meanwhile Parex share price has increased to $24.20Cdn (£14.16 at 7/1/20 ex rate) ie £2,025m m/cap and no debt on 55,000 boepd estimate for 2020 and 185 mmboe 2P. Similar net backs to debt free PTAL. Pro rata to Parex and a 100p share price target for Ptal = 1/3rd valuation of Parex ie 18,000 bopd/ 62 mmboe P2. Definitely on track for both production/reserve targets from Bretana field alone and therefore expect broker targets to substantially increase before any impact of any asset acquistions, any possible farmout success or new discoveries. Those have the potential to create a future valaution as great as Parex if we are not taken out before that. Imo the current 30p is still way undervalued and given the announcement also that this is now a dividend paying stock.
pro_s2009: Yes, JSE is a good example of what the PTAL share price will do. Of course, should they manage to farm out Osheki and drill next year the PTAL share price could make very big gains in a very short period of time..........
zengas: It's still very undervalued imo and should be 30p+ as it now stands, making substantial cash and debt free. Current 2P 40 mmbo and 7-8k bopd, fast approaching 10-11k bopd in the next 7 weeks. By comparrison and similar net backs, Amerisur with an average of 6,900 bopd and 22 mmbo P2 with 1215m shares and a share price of 19.74p = £237m m/cap giving an equivalent share price for PTAL of 35p. Broker target 45p and if near term milestones are met i expect that target to be increased as PTAL works to a 15,000 bopd production target over the following 6 months. Scope for a major reserves increase so would hope to see 60p+ as a new target. Huge exploration upside entirely in this for free. Cash generation should help in gaining access to other opportunities as the company continues to grow.
Petrotal share price data is direct from the London Stock Exchange
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