Pedevco Corp. (PED)

[RyGuy]

$PED What is Pedevco shares worth? Certainly not $1.05!
$90M - Market Cap and No Debt!
$30.5M - Cash!
53,700 - Leasehold Acres
2,500 - Boe/d Production Estimate Q1-23
$1,677 - Per Acre?!?! WTH!!!
$5,000 per acre = $3.12 share price?
$7,500 per acre = $4.69 share price?
$10,000 per acre = $6.25 share price?

6/27/2022
$STR Sitio Royalties acquired Quantum and Momentum Minerals
https://www.businesswire.com/news/home/20220626005095/en/Sitio-Royalties-Announces-Highly-Accretive-Permian-Basin-Acquisitions
$547,000,000 - Acquisition
31,900 - Leasehold Acres
3,500 - Boe/D Production
$17,147 - Per Acre

7/5/22
$REI 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

10/11/2022
$FANG Diamond Back Energy acquires FireBird Energy
https://seekingalpha.com/news/3890488-diamondback-to-buy-permian-assets-from-firebird-in-cash-and-stock-deal
$1,600,000,000 - Acquisition
75,000 - Leasehold Acres
22,000 - Boe/d Production
$21,116 - Per Acre

PED should be at least $3-$4 a share right now.

Plus a CEO that has purchased 2,734,705 shares in past 12 months.
https://www.ceo-buys.com/search?tickers=ped