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PetroTal Corp- Is the truth now emerging – could it be a Zero?

By Peter Brailey | Saturday 14 March 2020


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.


I wrote positively about PetroTel Corp (PTAL) in June and could see real potential for a business of significance to be established. In November I saw the need to restate the cash position as a serious negative together with the lack of Board level oversight as a reason to sell. Last Tuesday the company provided some good detail on the likely operational cash flow at various oil prices. Despite this good guidance (many other oil company’s should note the disclosure detail of netbacks at various oil prices), I have not changed my view. This company needs more working capital.

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