Pedevco Corp. (PED)

[RyGuy]

$PED Make it make sense...

1/24/23 $PR
Permian Resources buys New Mexico lease acres
https://www.currentargus.com/story/news/2023/01/24/oil-and-gas-companies-moving-into-permian-basin-in-100m-string-of-deals/69831997007/
$98 Million - Acquisition
7,300 - Acres
1,100 - boe/d
$7000-$8000 - Per Acre

1/26/23 $MTDR
Matador Resources acquires Advance Energy Partners
https://www.rigzone.com/news/matador_resources_company_announces_16b_deal-26-jan-2023-171877-article/
$1.6 Billion - Acquisition
18,500 - Acres
25,000 - boe/d
$25,000 - Per Acre

10/11/22 $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 - Acres
22,000 - Boe/d Production
$21,116 - Per Acre

6/27/22 $REI
Ring Energy acquired Stronghold
https://news.yahoo.com/ring-energy-acquire-stronghold-465-084500801.html
$465 Million
37,000 - Acres
9,100 boe/d
12,568 - Per Acre

Market has $PED Pedevco priced at? $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!

Should be...
$5,000 per acre = $3.12 share price?
$7,500 per acre = $4.69 share price?
$10,000 per acre = $6.25 share price?