Comment by
green_CCZ on Jun 28, 2012 9:41pm
vert funny ... however POP seems to be at its fair value if they have indeed 120boe/d ... but given recent EU issues is possible POP to strat trading at a discount to its fair value the same like all other oil companies ... . so alpha, you may get soon your 5 - 12 cents you wish for ... good luck
Comment by
HotSnot on Jun 29, 2012 3:53am
Alpha... I can't help but notice you updated your POP purchase date on your SH page. YTD POP is down 67% but your account only reads a 2% loss since added. How often do you do that? You can't really boast about your "trading record" for all of us to see when the info contained on that page is misleading.
Comment by
CAinPlap on Jun 29, 2012 10:18am
I have to admit I'm tempted to spend the $2500 it would take to drop my avg cost to about .31. At least then i could see a glimmer of hope that i would make some $$ on this play. Wish the company would give us a reason to think it would not be throwing good money after bad.
Comment by
alphaflight on Jun 29, 2012 10:27am
Take a look at what GSR is doing and realize POP has up to 20M shares of that deal. GSR MCAP is $22M POP MCAP is $11M POP is a lo-cost cashflowing company plus the GSR shares. It is undervalued just on the arbitrage alone. What more reason do you need? JMH
Comment by
Kubota_man on Jun 30, 2012 8:52am
Don't despair. They have hit a major pool of WD40. The reason that there is no news from the company is because they haven't finished putting all that WD40 into aerosol cans and don't really know for sure how much they have.