Added to YB: 2025-10-29
Pitch date: 2025-10-28
TAL.TO [bullish]
PetroTal Corp.
-12.31%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
PetroTal Corp. engages in the acquisition, exploration, appraisal, development, and production of oil and natural gas properties in Peru.
Market Cap
CAD 371.1M
Pitch Price
CAD 0.65
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.75
P/E
12.88
EV/Sales
1.51
Sector
Oil, Gas and Consumable Fuels
Category
value
Oil Producer at 2x Earnings with 12% Yield
TAL.TO: Peruvian oil producer at 2x EV/EBITDA & 4.5x P/E vs peers at 3-3.8x & 6-7x. Bretaña field produces 21-23k bbl/d at $11-13/bbl opex, $5.7/bbl dev cost (half peer avg). 2P reserves 114M bbl w/ $1.7B NPV10. Net cash $90M, no debt. 12% yield via divs+buybacks. FY25E EBITDA $240-250M @ $75 Brent. Fair value $0.70-0.85 (45-70% upside). Risks: Brent volatility, Peru export logistics, single-field concentration.
Read full article (7 min)