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Why Pan Orient Energy Is a Favorite

Wednesday, February 27, 2019 12:48

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Source: Chen Lin for Streetwise Reports 02/26/2019

Chen Lin of What Is Chen Buying, What Is Chen Selling? newsletter explains why he has invested in this oil explorer and developer.

Pan Orient Energy Corp. (POE:TSX.V) is a simple story; it was clearly described in its Valentine’s Day press release and the presentation on its website. Pan Orient has about ~70c CAD in cash per share and Thailand 2P reserve worth about ~70c CAD per share, and it is trading not far from it. Currently, POE is drilling two appraisal wells right now in Thailand. If successful, they can significantly increase the 2P reserve. Pan Orient is also planning to drill a few high impact exploration wells in Thailand in the second half of 2019. The bottom line is that by the end of 2019, the company could significantly increase the existing Thailand 2P reserve.

( Companies Mentioned: POE:TSX.V, )

Source: https://www.streetwisereports.com/article/2019/02/26/why-pan-orient-energy-is-a-favorite.html

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