PTHRF - Baytex Energy Vs. Pantheon Resources: The Big Discovery Trap
For as long as I have covered oil and gas, Mr. Market just loves a small, development-stage company announcement that it found a whole lot of oil. The current market concerns could well mute the response to the recent Pantheon Resources (PTHRF) announcement. The real question is the potential value of the company given the announcement. The best way to do that is to pick a company that already has production such as Baytex Energy (BTE) to see some possible valuations.
Development Company Risks
Oil and gas companies in the development stage have their own