MD&A is out now for Petro One (TSX-V: POP) on Sedar. Quite frankly the numbers are awesome. Books are clean and the whole deal looks super low cost.
Furthermore, it doesn’t include anything after Jan 31, so no mention is made of asset and cash additions from BRC Yukon deal.
I don’t know if anyone takes the time to read these things but I have made a career out of it and it is one of the best I have seen for a company at this stage.
All my metrics and markers suggest the sellers are gone and any good news with toss this one over .50 again. If you want a vastly undervalued light oil deal read the MD&A now or just eat the stock under .50. I’ve been cleaning it up under .43 but I may need to move up more if any investors take the time to read the report.