3min chapter

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

What Are These 14 Million Barrels of Oil Equivalent Reserves Worth?

The company traded under a different name going into 20 18. They have the same amount of proved reserves, 14 million barrels of oil equivalent. Their 20 20 p v ten is 58 million. That's an s c c number. It's used for investors in banks to be able to kind of look at the reserves of oil and gas companies across different regions,. Anda that's what we have here. The majority of them are undeveloped but some of them are developed.

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