Greenland And Oil SPAC Play: Pelican Acquisition Corporation [Seeking Alpha]
Pelican Acquisition Corporation - Unit (PELIU)
Company Research
Source: Seeking Alpha
PELI offers exposure to potential U.S. policy shifts on Greenland, but faces high geopolitical and operational risks, with no near-term revenue expected. Greenland Energy would control 70% of licenses for a basin estimated to hold 13B barrels, but realization depends on exploration success and policy changes. I rate PELI a Hold, as redemption rights limit downside, but speculative risks and dilution concerns outweigh long-term investment appeal. gguy44/iStock via Getty Images Pelican Acquisition Corporation ( PELI ) is an opportunity to bet on President Trump's ambitions with Greenland. While this may sound enticing, it's also in the business of oil exploration, making it an additionally speculative and risky security. This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresse
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