Your comments are insightfull. The notion of BESBS may explain to some extent what is being observed in PVD trading. Clearly the stockbrokers are supporting PVD at $0.39 / $0.40 level which is not surprising as the allcoation was at $0.39. The longer term investors are in wait and see (hold...
Thanks for your comment, when you state the valuation is wrong, what do you mean? The calculation of multiplying the number of barrels by the NPV per barrel, OR the use of conservative estimates of 500 million barrels and NPV of $10? The calculation method and the figures are sourced from the...
I cannot understand the signifcant drop in PVD share price, as though there is no confidence in the potential being portrayed by the company and the stock brokers.
The information provided to date has the Morroco lease with a potential 1.5 billion barrels reserve (lets assume, only c500...
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