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Petrominerales Ltd PMGLF

Energy Oil & Gas E&P


GREY:PMGLF - Post by User

Petrominerales Ltd > Q1 Results
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Comment by Squint1on May 06, 2010 11:10am
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Post# 17069347

RE: RE: Q1 Results

RE: RE: Q1 ResultsAlso this could be due to the softening of the oil price - although the average for Q1 was $79.08 per their report and is now $78.77 per the current WTI quote.  Not much difference.  Also they are unhedged on oil price - which is a good idea given their low debt level.  The low current market share valuation makes no sense given what they already have, their momentum and their land position. 
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