GREY:GTMIF - Post by User
Comment by
tegritymanon Jun 12, 2009 3:29pm
209 Views
Post# 16066891
RE: They are done fooling around
RE: They are done fooling aroundAlthough the comparison with GMR and PCQ is valid, I'm much more interested in the comparison with JNX (the probable leader of the Uticas) and GMR.
A few months ago, the SP of GMR was half that of JNX. It's about 1/4 now. It was sold off more than it should have been. Also, GMR has part ownership of wells in the eastern US - Virginia I believe. No need for PPs or any other financial support. Further, GMR is the one who started this whole show in Apr 2008 with the great well.
It won't matter too much in the long run. Your point is well taken that GMR will probably end up being a better performer from a SP point of view. If it reaches 10$ sometime though, PCQ would reach a real percentage of that - maybe 3$?! Who knows.
All of these will get the kick they need whenever the probable total numbers are released. If it's 150 trillion cubic feet, then bonanza. What's taking so long on that i wonder? Too many companies? Hell, Triangle has a third-party assessment in Nova Scotia at 67 Tcf even in their early stages.
5 - 10 years before all this is realized for its potential. So pick any one of them really. In the end you will make money and sleep better if you don't compare your win to the 'what coulda' happened if I picked another. DD is important here but I don't think that the balance od success has been sorted out yet.