RE: Underpriced optionality12 Jan 2021 16:34
Hi Sefton. As much as as I like PRD (my third largest holding) I'm not so sure a stock of PRD's current position can be undervalued at current times. Of course the potential of PRD is massive - but little is proven yet.
PRD is a great speculation stock, not a value investment and so will be treated as such by the market - people dipping in and out trying to ride a similar pattern of 3-4p waves. Once PRD actually proves value (Ireland deal, Trinidad services growth or Morocco gas discovery), and becomes a value investment the stock should take off.
Even biostock rises were 'speculative' based on COVID - should they fail to materialise the biotech stocks will fall down as fast as they went up.
Let's hope we get some concrete developments at PRD that add value soon.