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Petrominerales Ltd PMGLF

Energy Oil & Gas E&P


GREY:PMGLF - Post by User

Petrominerales Ltd > wake up mgt!
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Comment by Ad_Valoremon Sep 01, 2010 3:14pm
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Post# 17405141

RE: wake up mgt!

RE: wake up mgt!The whole thing with their proposed acquisition of  Interoil was a mess. Now the company has 500M in new debt @ 2.60% which puts a strain on their cash flow. The question now is whether they can put that money to work in expansion and growth projects that will give the stock a second wind. It will remain quiet until oil spikes up or they find more oil.
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