PetroEnergy Resources Corp. Stock Analysis PERC.PM

PetroEnergy Resources Corp. engages in upstream oil exploration and development. The firm has diversified into renewable energy and power generation. The Company’s two main energy businesses are upstream oil exploration and development, and power generation from renewable energy resources, such as geothermal, solar, and wind. The Company, through its renewable energy subsidiary PetroGreen Energy Corporation, has investments in the three joint venture companies, PetroSolar Corporation, PetroWind Energy Inc., and Maibarara Geothermal Inc. The firm operates through four segments: oil production, geothermal energy, solar energy, and other activities. The oil production segment is engaged in oil and mineral exploration, development and production. The geothermal energy segment develops and operates geothermal steam fields and power plants. The solar energy segment carries out solar energy operations of the Company. The wind energy segment carries out wind energy operations.