Great write up. A word of caution, for U.S. investors this may be consider PFIC (Passive Foreign Investment Company). This designation creates some pretty big tax headaches. I love this idea though!
Interesting. Why do you want them to be debt free when results are so strong/constant, I would argue some debt is appropriate (low risk) and funds could be deployed elsewhere at higher returns
Thank you for the thesis. Do you know if there is any fundamental difference between OTCMKTS:PREKF (USD) and TSE: PSK (CAD) other than them being traded in two different exchanges?
This seems like a great company. However, have you looked into what type of risks they have, how prone are they to oil price swings, if they stopped acquiring new land today, what would be a fair price for extracting all known oil and minerals over the coming years? If oil price stabilizes around 70-80$ for the coming 10 years, where would the company be then? After all, it seems like stock price have suffered since IPO and has lost over 80% of it's total value at some point before recovering back, so the question is how the margin of safety has changed since then.
Great write up! As usual!!
Great write up. A word of caution, for U.S. investors this may be consider PFIC (Passive Foreign Investment Company). This designation creates some pretty big tax headaches. I love this idea though!
Nice write up. I've been watching this one for a while, should probably pull the trigger.
They need to begin to retire shares now as they are going to be more expensive to buy back in the future.
Interesting. Why do you want them to be debt free when results are so strong/constant, I would argue some debt is appropriate (low risk) and funds could be deployed elsewhere at higher returns
Awesome depth in this article 👏 trends look very promising, particularly the $400M decrease in debt over the last couple years.
I’ve not really ever looked at this company at all, but this write up definitely will put it on a watchlist for the near future.
Thanks for the write-up. Didn't know the company before, might try a position.
Thank you for the thesis. Do you know if there is any fundamental difference between OTCMKTS:PREKF (USD) and TSE: PSK (CAD) other than them being traded in two different exchanges?
This seems like a great company. However, have you looked into what type of risks they have, how prone are they to oil price swings, if they stopped acquiring new land today, what would be a fair price for extracting all known oil and minerals over the coming years? If oil price stabilizes around 70-80$ for the coming 10 years, where would the company be then? After all, it seems like stock price have suffered since IPO and has lost over 80% of it's total value at some point before recovering back, so the question is how the margin of safety has changed since then.