PetroTal is a London and Toronto-listed E&P company, holding a 100% interest in the Bretana field, onshore Peru. This delivered production of 19.0mbbl/d in Q2 2023, supporting strong cash flows for the company based on its established oil export routes, onshore cost profile and fiscal terms. On the back of these cash flows and a healthy balance sheet, PetroTal has now established returns to shareholders. As such, the stock offers a strong prospective yield of over 10%, alongside production grow ....
05 Sep 2023
PetroTal (PTAL LN) - Paddington would be proud – initiating coverage
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PetroTal (PTAL LN) - Paddington would be proud – initiating coverage
PetroTal Corp. (PTAL:LON) | 19.5 -0.1 (-2.5%) | Mkt Cap: 178.0m
- Published:
05 Sep 2023 -
Author:
Daniel Slater, CFA -
Pages:
56 -
PetroTal is a London and Toronto-listed E&P company, holding a 100% interest in the Bretana field, onshore Peru. This delivered production of 19.0mbbl/d in Q2 2023, supporting strong cash flows for the company based on its established oil export routes, onshore cost profile and fiscal terms. On the back of these cash flows and a healthy balance sheet, PetroTal has now established returns to shareholders. As such, the stock offers a strong prospective yield of over 10%, alongside production grow ....