Summary
- There has been strong correlation to underlying gas price, with a few months lag. PVE in blue.
- Could be a great time to pick up shares with good upside, no risk of cap raise
Notes:
- Worth saying this is US nat gas not Euro, but similar story
- Company in significantly better shape that in previous run, 5-6 quarters of CF+
- Potential news of approvals and seismic survey results as catalysts before next qtrly
- Quarterly end of April will show good increase revenue numbers vs pcp and previous qtr due to gas prices
- 12 month + base since jan 2024
- Liquidity is terrible and I suspect a few sellers trying to get rid of their shares at high 3s/low 4c but if they are taken out then could really run into quarterly result
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