PVE
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4.88% 3.9¢ po valley energy limited

Looks like a great quarter. - Stable production - €2,312k...

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  1. RNClarke
    1,457 Posts.
    lightbulb Created with Sketch. 871
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    30/07/24
    20:43
    Post #: 74989971
    Looks like a great quarter.

    - Stable production
    - €2,312k Revenue x 0.63 Share = $2.4M AUD to PVE
    - €1,037k Positive Operating cashflow = $1.72M AUD to PVE
    - Almost $5M AUD in the bank.

    There was a large 4M crossing at 3.7 today. Hopefully that sets a short term floor underneath the stock.

    Dutch TTF futures suggest profitability will increase during the year (PVE receive a premium to the Dutch TTF futures).

    Trading at a 5.5x NPAT / EV which is ridiculous and you would think will double at some point considering 2P reserves for PM1 will last over 10 years + all the upside from neighbouring wells + potential divesting from other non core assets.

    CleanShot 2024-07-30 at 20.33.15@2x.png
    PVE Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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(20min delay)
Last
3.9¢ 		Change
-0.002(4.88%) 		Mkt cap ! $45.19M
Open High Low Value Volume
3.9¢ 3.9¢ 3.9¢ $2.048K 52.5K

Buyers (Bids)

No. Vol. Price($)
1 247500 3.9¢
 

Sellers (Offers)

Price($) Vol. No.
4.0¢ 35937 2
View Market Depth
Last trade - 10.18am 12/11/2024 (20 minute delay) ?
PVE (ASX) Chart
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