TSX:TALOil and Gas
PetroTal (TSX:TAL) Stock Price Lags Strong Cash Flow Recovery
PetroTal shares closed at CA$0.47, leaving the stock down about 16% over the past three months, even as fresh Q2 numbers show the real story is in cash and barrels. The headline this quarter is not the modest US$4.8m net profit. It is the US$32.4m in free funds flow and US$43.5m in adjusted EBITDA that PetroTal squeezed out of a period of deliberately lower production.
For short term traders, that gap between price and cash generation may look frustrating. For anyone thinking in years rather...