059: Why I Made A 5% Bet On Pedevco
After Dinner Investor | Value Investing Podcast On The Hunt For No-Brainer Stock Investments
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The Price of Oil in 20 19 Was 58 Million Dollars
In 20 19, the p v ten was based on 56 dollars a barrel. In 20 20, it's now at 58 million because of higher oil prices. The company is debt-free and can still make money if price stays in 40 dollar range. But i don't think we're going to have an oil industry that costs anything less than forty five dollars a barrel long term.
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