PED - Pedevco: It Is The Management Not The Earnings
PEDEVCO (PED) has been around for a long time. The company underwent several business changes to become an oil and gas company. The latest change was the takeover by the largest shareholder to redirect the company towards the Permian. Rather than follow many into the unconventional business, this company will use unconventional type technologies (or the latest technologies) to revitalize some conventional opportunities. Even when using the latest completion techniques in conventional areas, these latest wells often have longer lives and greater flow rates in later years due to lower decline rates.
But what really