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Petroglobe Inc. PTGBF

"PetroGlobe Inc is engaged in the exploration, development, and production of oil and natural gas in Canada. The Company holds interests in Pembina Cardium light oil, Pembina Edmonton Sands natural gas, and Red Earth Slave Point light oil properties located in Alberta, as well as Sawtooth oil property situated in the Grand Forks/Taber area in southern Alberta."


GREY:PTGBF - Post by User

Post by Naamkaton Jan 18, 2010 11:04pm
473 Views
Post# 16693178

Well, I'm Afraid the Air is Coming Out of...

Well, I'm Afraid the Air is Coming Out of...the balloon.  Price got too far ahead of itself.  Moose pasture is moose pasture (or in our case, cow pasture, literally).  You have to have drill results to double or triple.  It'll recover at some point but not till something real happens to justify the share price increase.

Regards,
Naamkat
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