Bruce Campbell (2)
PetroShale
PSH-X
TOP PICK
Feb 23, 2022
Experienced management. Recently re-capitalized. Good balance sheet. 10,000 barrels a day. Can grow through drilling and through small acquisitions. Oil can bounce around, but they can still grow. Fairly significant cashflow at $75 oil, break even at $40. No dividend. (Analysts’ price target is $1.30)
Total production is small at around 240 barrels a day. With new technology, they could possibly get something going but it's only a four well drilling program. Have a $5 million market cap and will spend 1.6 million drilling for 4 wells!!!
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