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Petrominerales Ltd PMGLF



GREY:PMGLF - Post by User

Comment by pokerbeekson Aug 12, 2013 4:49pm
316 Views
Post# 21664737

RE:RE:RE:RE:Petrominerales' Taya-1 Well Tests 5,218 Bopd

RE:RE:RE:RE:Petrominerales' Taya-1 Well Tests 5,218 Bopd
I would love to see them hold the pipeline assets.  it's been arguably their best allocation of capital to date.  But alas they seem intent on using the proceeds to finance their rather large drilling program. 

On the plus side, IF they continue to have finds like they've had over the last two months, this plan will work out splendidly. 

That said, the market still hates this stock and any turn in sentiment could easily send it up in the 8-10 dollar range simply based on its valuation metrics alone.
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