Jun. 2 at 12:47 PM
$PTALF I've been invested in PTALF for a while even before dividend but I never really went tooo far in because this reddit comment made me a bit cautious, sharing fyi
https://www.reddit.com/r/ValueInvesting/comments/1bgu3tf/petrotal_one_of_the_best_small_cap_oil_players/
" Oil investor here.
I don’t like their inventory profile. While Bretana looks decently proved up, Block 107 has been in need of a farm-in partner for several years, and PetroTal hasn’t found one. It is way out of the way of more developed-out areas. I assign zero value to this prospect.
The other prospects PetroTal boasts within Block 95 are also very unproven and remote. It’s quite telling that facility & infrastructure costs are as expensive as the wells themselves. The block is up against protected natural areas, so I sincerely doubt that Peru would award PetroTal permits to develop all of the unproven areas further south. That “Lead E” is basically nothing more than made up numbers in a computer."
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