GREY:VFGGF - Post by User
Comment by
Iching64on Aug 13, 2013 12:53pm
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Post# 21666816
RE:prediction..Q2 results will be a disaster
RE:prediction..Q2 results will be a disasterBlue Eagle,
you talk about PRY as if it were a blue chip mutlinational.
It is a small cap speculative stock, that is only 3 years old- all that you "worry" about are typical of small cap speculative energy stocks.
There will be lots of uncertainties, there will be some setbacks, so what ? It is a young emerging play - some wells will be great, some not so, some waterfloods will be successful, some not so much.
All production data must be smoothed out over along term trend line - only then will PRY stop being a speculative stock.
You may indeed be correct, but look at the facts.
If you do not like it, then only invest in large cap multinationals, and spare the rest of us your obsessive negativity.
You need to read the Canaccord report - title "building for the long term". It is very thorough and does not shy away from discussing the challenges PRY may face and the huge potentials.. But it is realistic - based on facts, and gives PRY a target of $1.20, and with the success of wateflooding, $2.40.
as for Canaccord selling - so what ? It did not seem to be a lot of shares, probably just one client.