GREY:PTGBF - Post by User
Comment by
Naamkaton Jan 03, 2010 2:03pm
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Post# 16633354
Eunice: Still Around?
Eunice: Still Around?I see PGB as one of the better micro juniors in the Cardium play. They have an excellent land spread for a company with 300 boe/d all of which is close to or contiguous to recent successful horizontal activity, no debt and enough production & resultant cash flow to get going. Compared to stratospheric valuations like that of RTE or the financial weakness of Kalisto, or the unknown lands of Base Oil and Gas, PGB is a much more promising way to get into the Cardium.
One thing I would like to see is a better effort in keeping the website up to date. If one only looked at the current offerings, one would think we were debted out to the max $3m (rather than clean of debt). I'd also like to have a clearer explanation of their lands in the Warburg area. I think they're saying we have 20ish sections at 60% in the eastern Pembina and a number of 100% sections in the western Pembina, but I'm not completely sure. Anyone know?
Eunice, you still around?
Regards,
Naamkat