GREY:PMGLF - Post by User
Comment by
TheRedon Oct 28, 2010 5:21pm
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Post# 17626698
RE: results
RE: resultsPacific Rubiales has more reserves and a longer RLI than Petrominerales. PRE.to has also performed more consistently than PMG.to and has enjoyed the higher leverage to heavier grades of oil. Pacific Rubiales promises a significant up-tick in recoverable oil rates from STAR, an in situ heating method that the market treats as a good bet as opposed to Peterminerales' perceived long-bet on THAI.
I agree that the dividend is not enough to attract retail investors and only enough to whet institutional interest.
Own both. Would buy more Petrominerales on the right price/news. Reckon that the share price might sell off on Q3 2010 news but do not want to be caught not holding the stock. Translation: gotta have PMG.to if you like Colombia but please do not underestimate the risk and especially short-term volatility.
The above is all in my unqualified, amateur opinion. Wishing y'all careful and safe risk-management practices. -TR