GREY:LSTMF - Post by User
Post by
CravenRaven101on May 12, 2011 11:24am
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Post# 18566028
I would say the bottom is in place
I would say the bottom is in placeIt will be all upside from here... What managment needs to do in my opinion.. is hire themselves.. or build a Public reltaions Corporate communications team to "spin" their junk in a more positive way... By waiting for an "event" like qtr report... management is giving the impression that they are NOT very astute... The whole street understands that come spring... production falls off... and wells need to be shut in... How does PBN announce it??? Due to weather our production is down for April... a better spin would have been... Due to the usual spring break up issues across our producing areas we anticipated reduced production in April, however with better weather and production behind the pipe coming onstream we fully anticipate production to average higher than before the spring thaw...
on the one side.. managment seems to be surprised that the weather in Canada affects production... in the second instance...it "sounds" like veteran management knew and took steps to bounce production because they anticipated...
The optics of PBN is simple... the lack of confidence is because mgmt seems to be reactive rather than proactive... a good PR firm.. or Corp Communication group... IS a strategic benefit because they are by their very nature far sighted.. PBN's share price would jump 20% IF they had the right PR people in place...
It's MY opinion.. git yer own... BUT managment IF you read here... I just gave you a hint that will put the share price on the road to recovery.
GLTA... get in now while it's cheap... sorry while it's inexpensive :oP