RE: RE: Good Chance the Common can approach $1 I agree with your analysis. PTA will likely exit 2013 with about 6,000-7,000 bopd, including well decline, which should justify a price between 50-60 cents by that time. For 2014, things are not as clear and i would be surprised if we can exit 2014 with a production over 10,000 bopd, taking account new well that will compensate for the well decline. The stock price should trade between 70-80 cents by that time.
As you wrote it is likely that some trader will keep the price under 75 cents until the warrants expire.
The B wts are already in the money and should follow PTA stock price, providing higher leverage. The WTS.B should trade around 20-25 cents by the end of this year and 30-35 cents until they expire in mid 2014.
As for the other WTS they will be fun to day trade, but they will likely expire worthless, unless PTA hit something very big.