Pardee Resources (OTC:PDER) is a royalty company focused on coal, timber, oil and gas, and renewable energy. The company was founded based on land in West Virginia and Louisiana, and it collects royalties from companies producing coal, oil and gas, and timber from those lands. It has expanded into other states and renewable energy, and results from those forays have been very good.
The company operates a simple business collecting durable cash flows, and has an asset base that is sufficiently diversified to provide stability to those cash flows. The company is trading below the value of its constituent assets and that value is well covered by its cash flows. A summary of the company's resources appears below....
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