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059: Why I Made A 5% Bet On Pedevco
After Dinner Investor | Value Investing Podcast On The Hunt For No-Brainer Stock Investments
Oil Dollars
The company recently raised money to fund a drilling programme. Their share count now, as i understand it, is 84 million shares. So at a dollar 15 a share, that was my cost basis im. And so basically, the thesis of the investment is, i'm buying i'm buying oil dollars for x amount of cents on the dollar,. and i've got a bit of a margin of safe work in there.
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