RE: RE: RE: insider buy in the March Q report, PEN indicates it issued about 36 mln shares over 2011 at an average price of about 17c, so these are all under water and so the selling is steady at just below 2 mln shares a month, not too bad, the buying is right now at close to a third of that price of 17c, a good bargain hopefully.
we know the reasons of the decline, Nat Gas tanked and well 2 ran into problems, and so a 10,000 shares insider buy is not going to turn the tide, but higher Nat Gas will...........
and Nat gas has come off the bottom and other Nat Gas producers have gone up as well, so it seems just a matter of time for PEN to join the rest in a recovery...