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Pantheon Resources looks interesting – just not at this price

By Gary Newman | Thursday 26 November 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Pantheon Resources (PANR) has had some success with the drill bit recently, but not enough to justify the sharp increase in share price. This oil and gas company is focused on East Texas where it has a 50% working interest in four licences in Tyler and Polk counties, with conventional targets in the Woodbine/Eagle Ford sandstones there.


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