GREY:PTGBF - Post by User
Comment by
Packiceon Nov 03, 2007 5:13am
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Post# 13745413
RE: Anyone Care To Venture
RE: Anyone Care To VentureArgaiv - it looks like we are in a slow process of bottoming out. Very miniscule volyme, so it takes time to sell a larger position. A big seller seems to have been active since mid sommer and might have some left, but now probably mostly some tax selling.
Could go on some more weeks, but I`v been happy with accumulating some more at the .55c level.
The next NR about substained flowrates from Macintosh #76 and #77 should start the return to more relevant levels for the sp. Should be coming before mid december?
Also the knockouted natgas prices seems to be moving towards the 9 usd level and hopefully then further up.
The gambling here is of course if our Palo Duro basin is a substancial new gas field in the making or not? If so we have a substancial blue sky potential here and thats what I´m thinking is worth a bet.
And some assurace in that the company now seems to run its Alberta properties at some small profit. Our market cap is below 20m.cad so not much risk now is it.