Porto Energy Corp. (Porto) is a development-stage international natural resources company. Porto is engaged in the exploration, development and production of crude oil and natural gas. The Company, through its wholly owned subsidiary, Mohave Oil and Gas Corporation (MOGC), holds working interests in five concessions located in the Lusitanian Basin of Portugal, which include the Aljubarrota-3, Torres Vedras-3, Sao Pedro de Muel-2, Cabo Mondego-2 and Rio Maior-2 covering a total of 1,444,152 net acres. Porto's Lusitanian Basin is located on and offshore west-central Portugal and covers an area of approximately 30,000 square kilometers. As of February 1, 2011, the Company held 97.5% working interest in Torres Vedras-3 Concession for reservoirs below a depth of 400 metres and 87.5% for reservoirs above 400 metres. On January 30, 2010, it was formed through the amalgamation (the Amalgamation) of Porto and Mohave Exploration & Production Inc. (MEPI).
Industry, Sector and Symbol
Industry N/A
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CIKN/A
Phone+1-713-9751725
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Annual SalesN/A
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EmployeesN/A
Next Earnings DateN/A
OptionableNot Optionable
Porto Energy (CVE:PEC) Frequently Asked Questions
What is Porto Energy's stock symbol?
Porto Energy trades on the Canadian Venture Exchange (CVE) under the ticker symbol "PEC."
Has Porto Energy been receiving favorable news coverage?
Headlines about PEC stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Porto Energy earned a news impact score of 1.7 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the company's share price in the near future.
How do I buy shares of Porto Energy?
Shares of PEC and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is Porto Energy's official website?
How can I contact Porto Energy?
Porto Energy's mailing address is Suite 350, 24 Waterway Ave, THE WOODLANDS, TX 77380, United States. The company can be reached via phone at +1-713-9751725.
MarketBeat Community Rating for Porto Energy (CVE PEC)
MarketBeat's community ratings are surveys of what our community members think about Porto Energy and other stocks. Vote "Outperform" if you believe PEC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PEC will underperform the S&P 500 over the long term. You may vote once every thirty days.
