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Bullboard - Stock Discussion Forum Petrominerales Ltd PMGLF

Bullboard (GREY:PMGLF)

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Post by micromegaon Oct 10, 2012 3:52am

GROWTH

Hopefully PMG.TO will return back to growth soon and its land will prove to be more oily in the future without any dry holes. The latest article in SeekingAlpha about the Colombian plays implies that ...more  
Comment by maxleverageon Oct 06, 2012 8:45pm

RE: Anyone......

Here are the facts on PMG: Current stock price of $8-ish is approximately base 2P NAV - estimating about 45 M barrels left (consensus per all the analysts reports which I have read).   The ...more  
Post by soberinvestoron Oct 06, 2012 12:51pm

Anyone......

......has a more recent analysts rating then the Aug 5 below? I can't find any.RBC Capital Sets Petrominerales Price Target at $14.00 (PMG)Posted by Seth Barnet on Aug 5th, 2012 // No ...more  
Comment by soberinvestoron Oct 05, 2012 9:23pm

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: In

PMG sits on a lot of cash so I think there's no worry about excessive leverage. Buy for 8 and resell for 18 could be their strategy because once good NR hits the market SP may triple in a matter ...more  
Comment by pokerbeekson Oct 05, 2012 5:07pm

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Inside

They are maxing out what they can legally buy under the NCIB rules.  I really like this play.  As I'm expecting to be in this for several years I'm hopng this stays low for a while ...more  
Comment by soberinvestoron Oct 05, 2012 11:41am

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Insider bu

2.5 mln shares is like 2.8% of total issued shares. It means then that we, just holding it, made 2.8% return in 2 monts that is about 16% annually not counting dividend and future capital gains. This ...more  
Comment by maxleverageon Oct 05, 2012 11:08am

RE: RE: RE: RE: RE: RE: RE: RE: RE: Insider buys 6

PMG just filed their September report.  They bought back 1.9 M shares in the month of September - almost 100,000 shares every single trading day.   Including the 661 K shares bought in ...more  
Comment by soberinvestoron Oct 04, 2012 10:34am

RE: RE: RE: RE: RE: RE: RE: RE: Insider buys 65,50

You're right, last time they reported on the 5th of next month entire previous monthly trades. They might be awarded so called alternate reporting rules that entities are allowed to report the ...more  
Comment by maxleverageon Oct 03, 2012 4:20pm

RE: RE: RE: RE: RE: RE: RE: Insider buys 65,500 sh

PMG will report its entire month of September 2012 purchases in the next couple of days (i.e. they only report once a month).   Unfortunately, my bet is that none of the management bought ...more  
Comment by soberinvestoron Oct 03, 2012 3:07pm

RE: RE: RE: RE: RE: RE: Insider buys 65,500 shares

Appreciate your input. It feels like this stock is in accumulation process. Some insiders may even be slipping through the cracks buying since insider info tells you only gross volume and PMG seems to ...more  
Comment by maxleverageon Oct 03, 2012 2:33pm

RE: RE: RE: RE: RE: Insider buys 65,500 shares tod

You also run the risk of missing a lot of upside if this company is bought out.   I understanding what you are saying, but I believe it is better to sell calls when volatile stocks have had ...more  
Comment by soberinvestoron Oct 03, 2012 1:39pm

RE: RE: RE: RE: Insider buys 65,500 shares today

I'm not looking for 6% but about 30% as I said. April 8 call gives me 14% alone for 7 monts. Let say another 5 monts call will give another 10% and divy 6% that's total of 30% in 12 monts. Of ...more  
Comment by maxleverageon Oct 03, 2012 1:24pm

RE: RE: RE: Insider buys 65,500 shares today

I personally don't agree with selling a call against a stock which hopefully will have explosive upside (when they find more oil).  I would think most investors who didn't believe in ...more  
Comment by soberinvestoron Oct 03, 2012 11:18am

RE: RE: Insider buys 65,500 shares today

Sorry, I don't see it that way but I don't also see much downside for the foreseeable future. It’ll probably hover between 7.5-8.5 for a while. Best way is to buy now and sell a call against ...more  
Comment by maxleverageon Oct 03, 2012 11:09am

RE: RE: Insider buys 65,500 shares today

That is PMG buying back its stock under their NCIB.   They bought back around 35- 50 k shares per day through out September.  Looks like the buying is continuing in October.
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