Petrolifera Petroleum, $0.87, symbol PDP on Toronto (Shares outstanding: 121.8 million; Market cap: $105.9 million), has oil and gas exploration and production interests in Argentina, Peru and Colombia.
Right now, the company mainly gets its production from its 100%-owned and operated Puesto Morales/Rinconada concession in Rio Negro Province, which is in Argentina’s Neuquén Basin. The company is also conducting exploration programs in Colombia and Peru.
Petroliferia is spending heavily on high-risk/high-return drilling in Colombia and Peru. It now needs to find enough oil to justify that spending and push its share price higher.
The stock is okay to hold, but only for highly aggressive investors.
investors.
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Privacy Policy and Terms of Use
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