NUVSF - Petrus Resources: Interesting Risk/Reward Ratio

Petrus Resources (OTCQX:PTRUF) only needs to generate a modest total netback of C$1/boe to justify a higher stock price. Considering the low-cost structure, achieving such a result over the long term isn't difficult.

But the company is facing a few challenges: high leverage, short-term maturities, and full exposure to the Canadian oil and gas prices.

Before getting into the details of the interesting risk/reward potential, let's have a look at the recent results.

Source: Petrus Resources

Note: All the numbers in the article are in Canadian dollars unless otherwise noted.

Q4 Results

During

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