First post on PVD and have been watching for over a year. I did...

First post on PVD and have been watching for over a year. I did some casual searching and found all these valuation articles on PVD from different firms eg. Hartelys, Argonaught, etc.... They paint a rosy picture of the upcoming "pre spud rush" with the expectation of the SP reaching just above $1. But from when these reports were done the oil price was above $90. Does that suggest that now since oil prices are about $50, the expected run would only be about $0.50?? (Which might suggest the slow buyers). Any thoughts?

Personally I think with a suggested 1 in 3 chance of a major success with the Morrocan drill at the end of March (better odds than other oil explorers) it will be a very positive outcome.

Cheers Prof.