GREY:LSTMF - Post by User
Comment by
CravenRaven101on May 27, 2011 9:51am
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Post# 18633855
RE: Petrobakken.....what an excellent buy...
RE: Petrobakken.....what an excellent buy...SOMEONE has been drinking the Kool-aide... early bird indeed... that's freaking laughable...THE EARLY birds are those poor folks that are sitting on a greater than 50% discount on their IPO shares... BUT IN my opinion...and provided PBN begins managing its self like a LARGE intermediate... and starts walking the walk and talking the talk... and looses the "netback" junior league jargon...I would suggest that folks (if they have any cash on hand) that did get burned by the IPO have a chance to average down and maybe even see some gains before the end of the year...BUT there's some pain ahead...
reduce the Dividend to free up some "strategic" capital before the M&A frenzy starts in mid Sept.
It's my opinion git yer own...
MY prediction... IF they make the hard choice... $27.00/share by Nov.