GREY:VFGGF - Post by User
Comment by
Moneyday0on Jan 24, 2014 8:25am
287 Views
Post# 22128836
RE:dead money
RE:dead moneyGood so your gonna sell to us - right.
Currently, all stocks be it small or midcap that are showing signs of any improvement whatsoever, are being priced to perfection and beyond. In fact, most large investors, institutions and funds are now investing in these rather than the large caps.
Just check the charts on them - they are parabolic and moving up by the minute. Those other stocks like pry that have had hickups along the way have also been parabolic but in the other direction.
So lets recap. Still producing right? Still over 2000 BOE per day right? Potential to go 1000 BOE per day - perhaps? Realistic possibility to get wells moving up production - yes? Money being deployed to pay debt instead of new wells - good thing yes? Cashflow still coming in - yes?
So for $.20 you get a cashflow generating 2000 BOE per day company that has taken the initiative to pay down debt instead of give back to shareholders, use minimal $s to pick up production at existing wells. '22 wells right.
Seems pretty good risk reward. What do you think will happen when the other stocks turn for whatever reason - likely market correction for all stocks a-comm'in not to mention the sector.
PRY can't go that much lower.
Add to all this the expertise of Peters and Cannacord picking up hundreds of thousands of shares on a daily basis and that Peters had 1.5% of this to start with prior to the downtrend, well.
You may be right its dead money for couple more days but it won't take much to get this movin and with oil prices steady to rising, cold snap demands, potential disruptions with foreign exchange markets affecting oil prices in emerging markets and toppy winners ready to retrench not to mention more equity cash infusions and the changing landscape in investor thinking for hunting down undervalued stocks - well - PRY is in a darn good position to explode (UPWARDS) at any time.
Just an opinion but sure looks promising potential - actually - realistic probability - that PRY moves up.