TSXV:PAN.H - Post by User
Comment by
sumosalaron Aug 30, 2009 10:10pm
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Post# 16262920
RE: PAN SP not yet at bottom
RE: PAN SP not yet at bottom
If what you say is true then a once in a life-time buying opportunity will present itself - can you imagine, just 1 cent!
I hate to rain on your parade but the likelihood of that happening is less than being struck by lightening.
The low NG prices is aindeed very temporary - once winter arrives and the economies begin to turn around, the NG prices will immediately rebound - for the price of NG there is a very short term horizion. Exploration has a longer term horizion. From the initial drilling of the well until the gas is collected and transported will take much longer than the expected uptick in NG prices - exploration now is not dependent on the current price of NG! Exploration, by its very nature, looks to the future and not to the present.
I have my limit of PAN shares but for those iinterested in buying, now is as good a time as any.
GLTA.