Value Microcaps Motherboard

[cliffvb]

GPOR.ob- I am surprised by the lack of interest in the market to GPOR's recent PR guiding to substantially higher production, pricing and profits through next year.

Another thing to like about this one is the reserve data from their last 10K. The net after tax PV10 value of PROVEN reserves after all costs is $300 Million or roughly what the current market cap of the company is. Note: the PV10 value is the current value of all estimated future profits discounted by 10% per year. However that PV10 value is based on $40 oil and $6.18 nat gas. If one updates it using $60 oil and $9 gas, the PV10 value rises to about $520 mil which is way above the current mkt cap. Most small oil companies that I have looked at have mkt caps that are well above the estimated value of their reserves.

With a forward PE of 6-7 based on guidance and a market cap well under PV10 value, this one seems like a good value here despite its run-up.