Assuming funds flow from operations of 5,8M$ in Q4, PXL is trading at ~1,53 times its annualized cash flow.


According to their lastest presentation, they have a total unbooked resource potential (PV10) of 142,8M$ (2,23$/fully diluted shares).  Drilling all those prospective drilling locations could add 9520 barrels per day to current production.  Their current reserves of 3919 mboe + 371 mboe (as of dec.31 2011 and aug.31 2012 respectively) are worth 78.6M$ + 8.7M$ (PV10) alone.  This means ~1,45$/share.


What do you people think about Palliser's current valuation ?


This is my interpretation of the data and my opinion.  I could be wrong.  Always do your own due diligence before investing.