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7/5/22
Ring acquires Stronghold
https://news.yahoo.com/ring-energy-acquire-stronghold-465-084500801.html
$465,000,000 Purchase
37,000 Acres
$12,568 Per Acre
12/21/21
Earthstone acquires Chisholm
https://www.naturalgasintel.com/earthstone-acquiring-chisholm-permian-delaware-assets-in-604m-deal/
$604,000,000 Purchase
36,100 Acres
$16,731 Per Acre
6/10/22
Devon Acquires Rimrock
https://www.rigzone.com/news/devon_energy_in_865mm_bolton_deal-10-jun-2022-169294-article/
$865,000,000 Purchase
37,800 Bakkan Acres
$22,884 Per Acre
Pioneer acquired Double Points 97,000 mostly undrilled acres in the Permian. When oil was between $65-$70
https://www.currentargus.com/story/news/local/2021/04/06/pioneer-natural-resources-buys-6-4-billion-permian-basin-assets/4840030001/
$6,402,000,000 Purchase
97,000 Acres
$66,000 per Acre
Pedevco controls 53,700 net acres
Https://s3.amazonaws.com/cdn.irdirect.net/PIR/480/6433/PEDEVCO-Investor-Presentation-2022-Spring.pdf
41,700 Permian Acres
12,000 DJ Basin Acres.
If PED were valued similarly comparison
$17,500 per acre = $10.99 share price
$15,000 per acre = $9.42 share price
$12,500 per acre = $7.85 share price
$10,000 per acre = $6.28 share price
$7,500 per acre = $4.71 share price
$5,000 per acre = $3.14 share price
$4,000 per acre = $2.51 share price
Pedevco will have its day!
$PED Ring Energy acquired Stronghold 37,000 Acres in the Permian Basin for $465 Million
https://www.benzinga.com/pressreleases/22/07/g27949466/ring-energy-announces-agreement-to-acquire-strongholds-permian-basin-assets
7/5/22
Ring Energy acquires Stronghold
https://news.yahoo.com/ring-energy-acquire-stronghold-465-084500801.html
$465,000,000 Purchase
37,000 Acres
$12,568 Per Acre
12/21/21
Earthstone acquires Chisholm Permian Assets
https://www.naturalgasintel.com/earthstone-acquiring-chisholm-permian-delaware-assets-in-604m-deal/
$604,000,000 Purchase
36,100 Acres
$16,731 Per Acre
6/10/22
Devon Energy Acquires Rimrock Oil Assets
https://www.rigzone.com/news/devon_energy_in_865mm_bolton_deal-10-jun-2022-169294-article/
$865,000,000 Purchase
37,800 Bakkan Acres
$22,884 Per Acre
Pioneer paid $66K for 97,000 mostly undrilled acres in the Permian. When oil was between $65-$70
https://www.currentargus.com/story/news/local/2021/04/06/pioneer-natural-resources-buys-6-4-billion-permian-basin-assets/4840030001/
Pedevco controls 53,700 net acres
Https://s3.amazonaws.com/cdn.irdirect.net/PIR/480/6433/PEDEVCO-Investor-Presentation-2022-Spring.pdf
41,700 Permian Acres
12,000 DJ Basin Acres.
If PED were valued similarly by the market in comparison
$15,000 per acre = $9.42 share price
$12,500 per acre = $7.85 share price
$10,000 per acre = $6.28 share price
$7,500 per acre = $4.71 share price
$5,000 per acre = $3.14 share price
$4,000 per acre = $2.51 share price
We will have our day soon.
$PED
Price = $1.22
O/S = 85.5M * 66% owned by CEO Simon Kukes
Float = 26.8 M
Market Cap = $104,310,000
Revenue = $19.42M trailing 12mo
Boep/d = 1,925 Estimate
@ $100 Oil = $192,500 day
@ $100 Oil = $70,262,500 per year
Estimated 3,300 boep/d in Q3
$INDO
Price = $7.80
O/S = 16.7 M * Dilution Pending sale of over 9M shares
Float = 11M
Market Cap = $130,260,000
Revenue = $2.45M trailing 12mo
Boep/d = 250 - * hopeful to ramp to 450 with new wells
@$100 Oil = $25,000 day
@$100 Oil = $9,125,000 per year
$HUSA
Price = $5.58
O/S = 10 M
Float = 8.8 M
Market Cap = $55,800,000
Revenue = $1.43M trailing 12mo
Boep/d = 45 - It is currently minimal.
@$100 Oil = $4,500 day
@$100 Oil = $1,642,500 per year
I don't understand why PED is not getting more love from investors who have bought into the others. Normally every other small cap company, investors would be clamoring over the fact of the CEO's interests being aligned with shareholders at this level.
Transformational Year with $120M Rev potential Past 3 years, PED averaged 715 Boe/d. 2021-727, 2020-691, and 2019-729.
December 2021, PED spud 2 new wells in the Permian, & announced would begin production March 2022. New Permian wells, historically average over 450 Boe/d. Article suggests based on horizontal length could be higher.
https://www.ogj.com/drilling-production/production-operations/unconventional-resources/article/14232836/rystad-permian-new-well-productivity-to-pass-1000-boed-in-2022-on-record-lateral-footage
But using 400 Boe/d per well to be safe.
February 7th, 2022 PED acquired new well interests in the D-J Basin. Ten recently completed wells averaged gross production of 661 barrels of oil equivalent per day (BOEPD) per well for the month of January 2022. Total 14 wells. Approx. 8,210 Boe/d @ assumed average 5% interest.
3rd Qtr Estimates -
715 Boe/d
800 Boe/d *Estimate
410 Boe/d *New working 5% interests
1392 Boe/d * 34.4% working interest in 6 Niobrara wells *Estimate
3,317 Boe/d - 3rd Qtr Estimate @$100 oil
$331,700 per day
$30,184,700 per Qtr
$120,738,800 per Yr
I just don't get the price action.. PED never got the massive run of other O&G.
$PED has been overlooked by oil investors. Look at this comparison to what some less than comparable companies ( $HUSA and $INDO) have done over the past 5 months. They had massive gains and retained a large portion of those gains.
Even larger oil producers like $REI and massive $OXY have had substantial runs.
$PED - PEDEVCO with no debt, $22M cash, 41,700 Permian acres, and 12,000 D-J Basin acres, and a CEO that owns 66% of the O/S is due for its own run.
$PED
Price = $1.64
O/S = 85.5M * 66% owned by CEO Simon Kukes
Float = 26.8 M
Market Cap = $140,220,000
Revenue = $19.42M trailing 12mo
Boe/d = 2,000 approximately
@ $100 Oil = $200,000 day
$INDO
Price = $12.78
O/S = 16.7 M * Dilution Pending sale of over 9M shares
Float = 11M
Market Cap = $213,426,000
Revenue = $2.45M trailing 12mo
Boe/d = 250 - * hopeful to ramp to 450 with new wells
@$100 Oil = $25,000 day
$HUSA
Price = $6.72
O/S = 10 M
Float = 8.8 M
Market Cap = $67.2 M
Revenue = $1.43M trailing 12mo
Boe/d = 40 - It is currently minimal.
@$100 Oil = $4,000 day
Oil is up at this moment approximately $25 since 2/1/22... But, PED is worth less than it was at $87 oil and we are producing more oil. Make it make sense....
$PED
$7.1M - Q1 2022 Rev
$INDO
$900K - Q1 2022 Rev *Estimated
$HUSA
$423K - Q1 2022 Rev
I don't get it...
$PED
Price = $1.26
O/S = 85.5M * Nearly 70% owned by CEO Simon Kukes
Float = 27.5 M
Market Cap = $108,000,000
Q1 2022 Revs = $7.1M
$INDO
Price = $18.79
O/S = 16.7 M * Pending sale of potentially over 9M shares
Float = 11M
Market Cap = $314,000,000
Q1 2022 Revs = $900K *Estimated
$HUSA
Price = $3.53
O/S = 10 M
Float = 8.8 M
Market Cap = $36M
Q1 2022 Revs = $423K
What does everyone think of PED’s chances this next week?
Do you think PED is still interested in acquiring Sandridge? Someone else mentioned it on Stocktwits.
Guessing about 33 Million pounds of copper sold in Q1 @ say a $4.40 average... Say 500,000 pounds Moly is around $20.50 average per pound. This my estimate.
Copper Q1 = $145,200,000 Million
Moly Q1 = $12,300,000 Million
Total = $157,500,000 Million
What's everyone's thoughts on PED so far through this...
It is very frustrating seeing so many Oil & Gas production companies maintaining 100-600% gains over the past 4 months, but seeing PED either flat or lower than the price per share as when oil was at $70
$PED Running some numbers to think about
Past 3 years from existing wells, PED averaged 715 Boe/d. 2021-727, 2020-691, and 2019-729.
In December 2021, PED spud 2 new wells in the Permian Basin, and announced would begin production Mid Feb 2022. New Permian wells, historically averaged over 450 Boe/d. Based on this article it suggests production numbers could be potentially much higher on the new wells, based on lateral well lengths maybe 500-600 Boe/d.
https://www.ogj.com/drilling-production/production-operations/unconventional-resources/article/14232836/rystad-permian-new-well-productivity-to-pass-1000-boed-in-2022-on-record-lateral-footage
But I'll use 400 Boe/d per well to be safe.
On February 7th, 2022 PED announced the completed acquisition of new well interests in the D-J Basin. The ten recently completed wells had average gross production of 661 barrels of oil equivalent per day (BOEPD) per well (85% oil) for the month of January 2022. Total 14 wells. Say potentially 8,210 Boe/d @ assumed average 5% interest..
715 Boe/d
800 Boe/d *Potentially higher based on lateral well length...
410 Boe/D *New working interests
1925 Boe/d @ $100 oil
That is potentially $192,500 per day to PED.
$5.8M per month.
Thanks!
Crazy seeing the pump and dumps moving and $PED not getting any love.
$PED
Price = $1.32
O/S = 85.5M * Nearly 70% owned by CEO Simon Kukes
Float = 27.5 M
Market Cap = $112,000,000
Boe/d = 2,000 approximately
@ $100 Oil = $200,000 day
$INDO
https://www.otcmarkets.com/filing/html?id=15646008&guid=oDFwkFjYHsn0Qth
Price = $25.34
O/S = 16.7 M * Pending sale of potentially over 9M shares
Float = 11M
Market Cap = $423,000,000
Boe/d = 250 - * hopeful to ramp to 450 with new wells
@$100 Oil = $25,000 day
$HUSA
Price = $4.75
O/S = 10 M
Float = 8.8 M
Market Cap = $48 M
Boe/d = 40 - I believe this is close its minimal
@$100 Oil = $4,000 day
More wells getting turned up?
So are you implying that we have a similar float situation in PED as you had in FRAN? And... Big boys have sold too many naked shares?
I want to know :)
Thanks bud...
I was just curious what your thoughts were....
I missed out on GNUS and FRAN
Didn't want to miss one of these when they kick ass. I completely agree after reviewing them they are completely undervalued and do not reflect their fundamentals
I have a decent amount of all of them... I have been able to pick up
PED - 60,000 +37,000 in my IRA
TGB - 50,000
XTNT - 50,000
Wouldn't mind anyone that takes off first. Oil is going crazy which is huge for PED... and Copper is nearing all time highs again. Plus world opening back up is good for the other one.
Which one is gonna hit first. ??
Taseko Mines Ltd. Zoom Meeting - February 2, 2022 with Brian Bergot
I've been able to pick up a few, but not many at all are available on the ask.
There are like hardly any shares available to purchase.
Marc Ganzi quote from Earnings Call about Dividends
Oh wait that is per kg... looks like still around $19 to $20 per pound.
Holy crap Moly is around $50 now!
https://tradingeconomics.com/commodity/molybden
Nice! NGL continues higher
Nice to see NGL with a few positive days strung together....
Hopefully we hear about the Florence Permit soon. That would do wonders for TGB.
I'm assuming they will be getting the permit. I doubt they would spend over $20 Million on new contracts for this location if they were not certain it was coming.
https://im-mining.com/2021/09/14/metso-outotec-vsfx-solvent-extraction-tech-set-for-tasekos-florence-copper-project/
Do you have a link to that fireside talk? I would like to hear it if you do. I have watched a few interviews with Ganzi, but can find the discussion about the dividends.
I guess Bill Gates is qualified to push vaccines.
So Darren Woods the CEO of Exxon and his Bachelors degree in Electrical Engineering does that make him qualified to run Exxon?
How about Energy Transfers Thomas Long? Does his finance and accounting undergraduate degree make him qualified to be CEO?
Does Martin Midstreams Ruben Martin's Bachelors degree in Industrial Management make him qualified to be CEO?
I guess too that Enlink's Barry Davis and his Bachelors in Finance from texas Christian is also unqualified.
So Krimball reported another 200,000 units bought...
Record Copper Price by Year-End?
Last week, analysts at CIBC announced that they adjusted their end-of-year copper price forecast to $5.25 a pound, Kitco reports. The estimates are now 22% and 32% above 2021 and 2022 consensus estimates.
https://www.forbes.com/sites/greatspeculations/2021/06/01/the-race-for-copper-the-metal-of-the-future/?sh=5ce917b8319a
The International Energy Agency (IEA) was founded in 1974 in response to oil embargos the previous year that caused the global price of oil to surge 300% from $3 per barrel to $12 per barrel. From the start, the IEA’s mission has been to help member nations deal with major oil supply disruptions.
Over the years, the group’s purview has broadened to include more than just oil security, and in its most recent report, the IEA sounds the warning bell on the global supply of key minerals—particularly copper.
“Today’s supply and investment plans for many critical minerals fall well short of what is needed to support an accelerated deployment of solar panels, wind turbines and electric vehicles,” IEA Executive Directive Faith Birol writes.
According to the IEA, copper will remain the most widely used metal in renewable energy technologies. Compared to aluminum, nickel and zinc, its importance is rated high for most new energy-related projects. That’s mainly because its electrical conductivity is the second best after silver and 60% higher than aluminum. Goldman Sachs predicts that by 2030, copper demand will grow nearly 600% to 5.4 million tons.
$NGL a Fortune 500 company with a market cap of $390 Million.
https://fortune.com/company/ngl-energy-partners/fortune500/
With oil prices up and about to cross $70 a barrel... Lots of profits hopefully coming...
As tdeck mentioned...
Grand Mesa Pipeline; (ii) a new rate structure under the supply agreement, with an agreed upon differential plus an increase in the rate when New York Mercantile Exchange (“NYMEX”) prices """exceed $50.00 per barrel"
https://oilprice.com/oil-price-charts/
BREAKING NEWS: UK 'super-Covid' is Now DOMINANT in the US, CDC says
https://www.dailymail.co.uk/news/article-9445755/UK-super-Covid-DOMINANT-CDC-says.html?ito=push-notification&ci=120583&si=28169867&ai=9445755
The market is horrible today..
APDN was doing fabulous at first. Today 115% of the O/S has traded, or 140% of the tradable float. Traders are crazy to sell this right now.
Shorts are in deep and bad trading has dropped this from today's high.
APDN Volume: 8.5M
Outstanding Shares: 7.47M
Float: 6.12M
Market Cap:
$10 Per Share - $74.7M
$20 Per Share - $149.4M
$30 Per Share - $224.1M
$40 Per Share - $298.8M
Hey what's up bro... Been a long time....
Yes. I still have them. Insane right! LOL
I'm watching how SEGI continues to get awareness... And celebrities are getting involved....
This is exactly what I wanted to have happen 10 years ago. LOL
I bet you are shitting a golden brick right now...
5,131,935 shares outstanding but 81,000,000 in volume in 5 hours???
On the record date of November 13, 2020, a total of 5,131,935 shares of Common Stock and 559 shares of Series B Preferred Stock were outstanding, with each share entitled to one vote.