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Petrus Resources CEO Ken Gray fireside chat with Doc Jones PRQ.TO PTRUF
Manage episode 319462433 series 3311997
I recently added Petrus to my Focused Portfolio because I think it offered the best upside amongst it's peers. Solid management, high margins, growth, tightly held, etc, etc
-Petrus will be growing production from currently 6000 boe/d to over 9000 boe/d in 2022
-They are unhedged going in to Q2 which means they will capture 100% of the current spot prices
-Their Ferrier Land package 70k acres, contains over 200 drilling location/ +20 year inventory, the IRR's current exceed +300%
-They own all the infrastructure and have approx 5000 boe/d of unfilled capacity within their 100% owned processing plant which means they can double production within much sunk capital or delays
-Based on peer evaluation, PRQ would have to rerate 80% higher based on today, then add in growth, superior economics, clean capture structure, a path to +3x returns in the next 2 years
-North Ferrier 20k acres they just drilled their "Best Well EVER", the data on that will be released shortly
-Insiders own over 30% of the company
-While growing production and cashflow the company is on a path to be net debt free in the next 12 months
***Multiple data points within the podcast. Enjoy.
Podcast is for entertainment purposes, not investing advice, do your due diligence and always vet the data. I do this for free, no one pays me.
Best
Doc Jones
https://ceo.ca/@drjimjones
Website:
https://drjonesresourceinvestor.wordpress.com
Twitter:
https://twitter.com/drjimjonesceo
Podcast channel:
https://podcasts.apple.com/ca/podcast/due-diligence-by-doc-jones-resource-investor-hunting/id1568221675
63 episode
Petrus Resources CEO Ken Gray fireside chat with Doc Jones PRQ.TO PTRUF
Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
Manage episode 319462433 series 3311997
I recently added Petrus to my Focused Portfolio because I think it offered the best upside amongst it's peers. Solid management, high margins, growth, tightly held, etc, etc
-Petrus will be growing production from currently 6000 boe/d to over 9000 boe/d in 2022
-They are unhedged going in to Q2 which means they will capture 100% of the current spot prices
-Their Ferrier Land package 70k acres, contains over 200 drilling location/ +20 year inventory, the IRR's current exceed +300%
-They own all the infrastructure and have approx 5000 boe/d of unfilled capacity within their 100% owned processing plant which means they can double production within much sunk capital or delays
-Based on peer evaluation, PRQ would have to rerate 80% higher based on today, then add in growth, superior economics, clean capture structure, a path to +3x returns in the next 2 years
-North Ferrier 20k acres they just drilled their "Best Well EVER", the data on that will be released shortly
-Insiders own over 30% of the company
-While growing production and cashflow the company is on a path to be net debt free in the next 12 months
***Multiple data points within the podcast. Enjoy.
Podcast is for entertainment purposes, not investing advice, do your due diligence and always vet the data. I do this for free, no one pays me.
Best
Doc Jones
https://ceo.ca/@drjimjones
Website:
https://drjonesresourceinvestor.wordpress.com
Twitter:
https://twitter.com/drjimjonesceo
Podcast channel:
https://podcasts.apple.com/ca/podcast/due-diligence-by-doc-jones-resource-investor-hunting/id1568221675
63 episode
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