GREY:PMGLF - Post by User
Comment by
hockeylad33on Apr 04, 2013 9:50pm
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Post# 21213707
RE: RE: PMG $10 Buyout, and 9% Div. now!
RE: RE: PMG $10 Buyout, and 9% Div. now! Or Taya is successful and the stock starts to run again. Or the high impact Brazil wells are successful yielding to significant development opportunities. Or they sell a portion of the pipeline assets and eliminate some debt or buyback stock or do an oppotunistc takeover. Or they get taken out.
The dividend is safe in the near term (next few quarters) ... it is approx 8% of total free cash flow. Not an ideal situation for sure, but worth a few bucks for the 8.5% + dividend and reasonable chance at exploration successes/takeover/etc. Bought a starter position today, will look to add if she falls further.