GREY:LSTMF - Post by User
Post by
galaxyron Mar 14, 2011 9:16pm
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Post# 18284742
Petrobakken sentiment
Petrobakken sentimentIt appears that the sentiment right now is to off load (dump) Petrobakken. Until this sentiment changes and Petrobakken's share price stabilizes for a week or two, I don't see any quick upswings in the making. I believe the price might make it down to mid $16
I also don't see any pending news releases other than the dividend confirmations coming out in the mean time. I may wait to see what happens with this years spring break up. Last year they blamed production declines on bad weather that lasted 7 months. Don't know if this year will be any different.
Crescent Point was able to increase production even thou they had the same weather problems.
Are we expecting any upcoming news releases that will increase share price?
Management has been talking a good game, now its time to produce.
Any thoughts on what share price will be by the end of April. I think we are looking at mid $16.