Energy Deals: AMER - PDQ18 Jul 2015 16:07
Given GPX exposure to Colombia, see the latest deal from Colombia: Amerisur acquired 2 Blocks from Petrodorado (PDQ.V) from the Toronto Stock exchange.
At the Canadian financial website, Stockhouse.com, you can find all the details and a ton of info about all the publicly traded Canadian companies including PDQ.V:
http://www.stockhouse.com/companies/bullboard/v.pdq/petrodorado-energy-ltd
AMER was fully dependent on ONE producing Block, which is a major problem. This is why, it acquired 2 of PDQ's Blocks, Tacacho and CPO-5. They bought them at very low prices thanks to the recent drop in Brent. Lucky them.
Upon completion of the deal with AMER, PDQ.V will have more than US$20 million in cash and ZERO debt.
PDQ's liabilities (current and non-current) were US$4.9 million (March 2015), so the available cash to the shareholders currently exceeds US$15 million if the company pays its liabilities without liquidating any of its other assets (3 Blocks, Talora, La Maye, California).
Again, this calculation does NOT include the liquidation of the other assets like property, remaining Blocks etc.
But, PDQ's market cap now at C$0.22 is only C$10 million or US$7.7 million (1 USD = 1.29 CAD) at the current price of C$0.22 per share (Toronto stock exchange).
So this proves why buying PDQ.V even at C$0.25 is easy profits.
PDQ.V can DOUBLE tomorrow only thanks to its Cash and cash equivalents.
See Sedar.com to find and confirm PDQ's fundamentals and Debt-Free balance sheet.