After Dinner Investor | Value Investing Podcast On The Hunt For No-Brainer Stock Investments cover image

059: Why I Made A 5% Bet On Pedevco

After Dinner Investor | Value Investing Podcast On The Hunt For No-Brainer Stock Investments

CHAPTER

Is There a Floor to the Investment?

Even at forty dollars of oil, they can make money andand produce these reserves discounted back 58 million. I bought the company for 70, and 70 divided by one, 23 is 57 %. If you told me the average price of oil for the next decade going t be 56 dollars, i would say, yes, maybe that sounds right.

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