Seeking Alpha
Editor's notes: Short-term issues have taken PMGLF.PK's shares down, and the oil and gas producer trades at a huge discount to NAV. Several positive operational trends mean 80% upside.

I last wrote on Canadian domiciled mid-cap oil and gas producer and explorer Petrominerales (OTCPK:PMGLF) in February of this year and since then its share price has continued to fall to now being down by 32% for the year-to-date period. The company is facing a range of issues that is making it increasingly unattractive to investors, with the most significant being eight consecutive quarters of declining production combined with a declining oil price, which is significantly impacting its profitability. Petrominerales' exploration has also performed dismally with no significant finds and growing concerns about whether the company can continue to grow its core proven reserves. Along with which, Petrominerales is facing a short-term liquidity crisis, with considerable...

Only subscribers can access this article, which is part of the PRO research library covering 3,760 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: