TSXV:ABS.H - Post by User
Post by
Goldman9on Feb 21, 2011 5:35pm
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Post# 18170302
Utica Shale plays:
Utica Shale plays:I've got TAE, PEA and GMR . Among the 3, like PEA best because it the leader and main player.
PEA has $11 million cash on hands currently, or 22 cents/share;
PEA has already started oil production;
PEA and its partner CDH (TSX: 5.7) has 35 permits covering 1.5 million acres in Anticosti and have started drilling.
While TAE and GMR are just area players. If their insiders are selling currently, that means these companies won't do anything in the future.
I may reduce some TAE and GMR and put more funds into PEA.