GREY:PMGLF - Post by User
Comment by
smittyfrompaon Aug 09, 2007 8:32pm
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Post# 13225074
RE: Curious as to thoughts on how market reacts?
RE: Curious as to thoughts on how market reacts?Diggler, I added 1000 today, and am very pleased with everything I read. As to how the market reacts, it will, IMO, depend on whether our sellers finished their act today, or if there they still have inventory to unload. Let's look forward to about Sept. 15, when combined production will be OVER 8000 BOD, leading to cash flow of at least US $35 million, in Q4., with the first development well results at Corcel, to be announced in early Oct. As best I can remember, China is still consuming more oil every month, Japan will have to buy the equivalent of 130,000 BOD to offset the power loss from their offline nuclear reactor,the EIA is predicting worldwide oil production shortfalls within six months, and Petrominerales has zero exposure, to the overblown sub prime defaults.