Despite pullback, oil is still high and PPP has plenty of it,...

Despite pullback, oil is still high and PPP has plenty of it, like over 3 million barrels still in reserve, net to them.

Cash can still be exchanged for money and PPP has plenty of it, must be closing in on $100m in their attractively stable bank account, approaching somewhere in the vicinity of 20c per share one would think.

One would think, based on these two simple pieces of information, that PPP should not be trading at 26c because that values the 3 million barrels in reserve at $17ish/ barrel. Regardless of your view on short/long term price of oil - if you thought you could buy it for $17/bbl I would have though most people would.

DYOR - I feel like they're one of the best ways to be exposed to the oil sector