There is an E&P company which is highly misunderstood in the market. I find this company to have one of the most compelling valuations in the energy patch currently, and I'll explain below why it has limited downside with a significant upside from the current levels. Buying it now is essentially a long-dated call option on a decent future success.
I am talking about Pan Orient Energy (OTCPK:POEFF) which owns some Southeast Asian properties and a Canadian SAGD sidecar asset. The Asian assets are a mix between production (Thailand) and high-impact exploration (Thailand and Indonesia). The Canadian asset is a heavy oil project that has not opened its doors yet.
Pan Orient also trades on the TSX...
Only subscribers can access this article, which is part of the PRO research library covering 3,554 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: