Petrominerales Ltd PMGLF

Besides….

[soberinvestor]

….all the past grievances and being sorry for the SP slide can we take it from here and discuss the future risk/reward ratio based let say on $8 / share SP? Any comments on that will be appreciated, thanks.

[maxleverage]

I spoke with an analyst.  He figures our downside is $1 per share.  At $7, it will be about 75% of 2P NAV which is the low end of the public co valuation range.   If they find meaningful oil, this stock would "pop".   The market doesn't give them much (any?) value for their $300 M of pipeline assets but they get the full hit for the $650 M of debt. I

[soberinvestor]

Thanks for response. The risk of dry wells is assiciated to any oil company. I expect possibility of some down side so I wrote a 14% call on it till April in case if it drops. In case if it pops I don't wanna be left emty handed so at least I'll collect my call premium and divy. I think we'll be all good at around 8 unless you bought well above it. Good luck to all longs.