|I like "CEN needs to add 9 mmbo / year 1P producing to maintain their valuation" ... interesting|
Comparing CEN to PMG, both of which I feel are undervalued (unlike Mr Market) using todays opening prices I am getting these metrics:
Show how much more undervalued CEN is when compared to PMG using reserves.
PMG EV 1.84B CEN 1.76B
PMG gets 36 EV/2P NPV10 and CEN only 11.65 (1/3)
PMG gets 87.62 EV/1P Proved Developed and CEN only 28.46 (1/3)
PMG gets a whopping $80 Netback though, perhaps that's why?
CEN pending Q1 data so I will update again when they report
PMG has May Corp Presentation out