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Bullboard - Stock Discussion Forum
Petrominerales Ltd
PMGLF
Energy
Oil & Gas E&P
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Bullboard (GREY:PMGLF)
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•••
dbeaude
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Comment by
dbeaude
on Feb 28, 2012 6:44pm
RE: RE: No Big Deal
Sold today for a lot less profit than I anticipated I would make, but I have no trust in the management team. They are producing 15 million BBLs per year and only have 2P reserves of 51 million. That
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(1)
•••
Wuggy
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Comment by
Wuggy
on Feb 28, 2012 3:23pm
RE: No Big Deal
No question this is bad, but not catastrophic. Company future does not hang on one mishap or set of results, but it will absolutely dog the share price despite > cash flow from $110WTI. I
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(0)
•••
Mikeycanuk
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Comment by
Mikeycanuk
on Feb 28, 2012 11:27am
RE: RE: No Big Deal
Losing half a billion in market cap is a good thing? Get a grip. I've seen a similar post on the SNC forum. Shaking out the nellies from $53 to $48! weeks ago. Great! And
...more
(1)
•••
Wuggy
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Comment by
Wuggy
on Feb 28, 2012 10:51am
RE: No Big Deal
You blow your cred dissing mgt. If I mention existing production, you'll probably argue that they sell below market. haha This is just one thing. shaking out nellies is a good thing.
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(0)
•••
nttg2005
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Comment by
nttg2005
on Feb 28, 2012 1:35am
RE: RE: No Big Deal
I'ts pretty dissapointing. I was lucky and got out with some profit. I learnd lessons of never buy a stock going down. Not to try to fish for bottom. I think you could see a
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(0)
•••
dbeaude
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Comment by
dbeaude
on Feb 27, 2012 10:45pm
RE: No Big Deal
How do you explain the reserves depletion of over 14%. They have total 2P now of only 51 million BBLS verses 60 million BBLs in 2010. PRE had a 52% increase in reserves to over 400 million BBLS and
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(1)
•••
Wuggy
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Post by
Wuggy
on Feb 27, 2012 10:11pm
No Big Deal
Trying to shake out the nervous nellies? Stay focused on the upcoming quarterly. This is just a blip. Rgds
(1)
•••
gheetsmith
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Comment by
gheetsmith
on Feb 27, 2012 8:10pm
RE: What a bomb
Never thought I would say I agree with bladerunner, but could not agree more..........g
(0)
•••
bladerummer
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Post by
bladerummer
on Feb 27, 2012 3:49pm
What a bomb
7 anylosts called this a strong buy before this disaster hit and proves....they don't know a thing, just wasting money paying these monkey poser stock anaylsts.
(0)
•••
Mikeycanuk
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Comment by
Mikeycanuk
on Feb 27, 2012 3:39pm
RE: 20% drop on operations update
What a gut buster PMG is. I sold early in the day on the last drop around the upper $19's. I think it bottomed out around $15ish. Maybe they should get into the water biz. sheesh.
(0)
•••
chizled
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Post by
chizled
on Feb 27, 2012 3:13pm
20% drop on operations update
Don't see that very often . Pretty amazing if you ask me lol
(0)
•••
cowguy1
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Comment by
cowguy1
on Feb 27, 2012 2:26pm
RE: 50dayMA
the whole chart did not fit
(0)
•••
cowguy1
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Post by
cowguy1
on Feb 27, 2012 2:23pm
50dayMA
lots of support around the 50 day MA. In my opinion this is a good entry point. 16 dollars is good entry point to lol.
(0)
•••
bigbaded
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Comment by
bigbaded
on Feb 27, 2012 2:07pm
RE: RE: RE: RE: A huge drop in SP
correcion: gas should read has ed
(0)
•••
bigbaded
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Comment by
bigbaded
on Feb 27, 2012 2:06pm
RE: RE: RE: A huge drop in SP
hi: although this is encouraging, someone coming off of that large of a position suggests that they are in trouble or petrominerales gas another water well. got out even, but really surprized.
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