Stef

Why Is Petro-Canada Such a Bargain?

I owned some PCZ for 3 yrs and fail to nderstand why this stock is not at 80$ yet. Their sales and profit are getting better yrs over yrs and their P/E melted from 15 to 5 times over time. In addition, their own stake in significant Oil sand reserve which is truly not reflected in thier price. Face it, Oil will eventually trade at 200$/B given enought time and sitting on reserves does have long term value