PEDEVCO Corp. (PED) Social Stream

Featured Post From StockTwits About PED

Hey $TRCH holders, I posted some comparisons to TRCH last year before its huge run. Look at $PED (PEDEVCO) Looks very undervalued here just based on their acreage rights. Look at what other Permian rights have recently sold for. $PED is a debt-free driller with 41,700 acres in the Permian Basin.

Pedevco owns 41,700-acre oil rights in the Permian. Permian rights as of this article in June 2021 shows rights still selling for between $20-30K per acre in the Permian.
https://www.reuters.com/business/energy/market-us-oil-acreage-booms-along-with-crude-price-recovery-2021-06-07/

Other past acquisitions in Permian

Diamondback Energy acquired -
Guidon: 32,500 Acres * $44,897 per acre
QEP: 49,000 Acres * $26,523 per acre

ConocoPhillips acquired -
Concho: 800,000 Acres * $10,471 per acre

https://www.pedevco.com/template_files/480/about-us.php
Pedevco $PED is debt-free!!
Stock Price - $1.09
O/S - 79,461,603
Market Cap - $87,407,763

The value of the acreage rights could make $PED realistically worth $417 million - 1.251 billion. That's 5-14X's return in value.

What Else are PED Traders Talking About?

Other tickers frequently mentioned alongside PED is TRCH.