RE: The forward pricing and valuation needs28 Sep 2023 01:08
These aren't a "huge placing" co. imo esp if as I assume peeps mean at a large discount to market price. If they were they wouldn't have funded Italy with CLNs at the then current market price.
If they did buy into something before the next permits are in I wouldn't mind if it was PVE's Teodorico gas play.
Its pretty huge (field reserves 2P 36.5bcf), the Italians are keen to develop their own gas plays and PVE's investors were really really peeved at the
"In conjunction with the considerations above, PVE is exploring mechanisms to realise value at Teodorico via joint-venture or asset sale"
in the interims selling the stock off as they wanted it for themselves.
Would like them to be selective elsewhere but pretty happy trusting management anyway as they seem to have done just fine building their portfolio so far.