Pura Vida Energy (PVD)

Business description

Pura Vida is an ASX-listed E&P with assets in Gabon, Morocco and Madagascar.

Exploration value benchmarks

Update | Oil & Gas | 16/03/2015

While 2014 offered numerous opportunities for investors seeking exposure to pure-play exploration, 2015 promises to be a much more rarefied year. The fall in oil price has triggered a retrenchment in exploration spending, leaving many wells postponed or at best uncertain. This leaves exploration at Mazagan, Morocco (Pura Vida) as one of the few companies with confirmed prospects drilling that investors can access directly. Our analysis indicates that the markets are already pricing in a significant discount on Pura Vida (PVD) shares. At around $0.1/ unrisked boe, PVD is trading at around half the valuation that many pure-plays were being valued at in past years and much lower levels than some wells, especially those of larger peers. While we are explicitly not valuing PVD in this report (a full initiation will follow), we believe the combination of price and significant near-term catalysts means PVD shares could be worth examining.

Tagged: Oil & gas

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Stock data

Market cap.A$9.9m
Last closeA$0.038
High / Low (52 weeks)A$0.1 / A$0.0
Stock market listingAU
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

%1m3m12m
Actual5.6(13.6)40.7
Relative *6.3(13.1)27.6

* % Relative to local index

Company news

Pura Vida Energy

Wed, 29 Jul 2015 07:55:28 GMT

Pura Vida Energy

Wed, 28 Jun 2017 06:22:30 GMT

Pura Vida Energy

Mon, 26 Jun 2017 17:48:45 GMT

Pura Vida Energy

Wed, 14 Sep 2016 02:48:45 GMT

Pura Vida Energy

Fri, 12 Feb 2016 03:22:41 GMT