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A 50% cut in Petrominerales' (OTCPK:PMGLF) market value has left its equity and net debt valued...

Jun. 17, 2013 10:59 AM ETPetrominerales, Ltd. (PMGLF) StockENB, TRP, PEGFQ, PMGLFBy: Carl Surran, SA News Editor3 Comments
A 50% cut in Petrominerales' (OTCPK:PMGLF) market value has left its equity and net debt valued at the cheapest multiple to profit among any oil and gas explorer in the world with a market value higher than $250M, according to Bloomberg, which speculates its reserves, estimated at 40M-plus barrels of mostly high-quality light oil, could attract suitors such as Enbridge (NYSE:ENB), TransCanada (NYSE:TRP) or Pacific Rubiales (PEGFF.PK).

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