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Petroglobe Inc. PTGBF

"PetroGlobe Inc is engaged in the exploration, development, and production of oil and natural gas in Canada. The Company holds interests in Pembina Cardium light oil, Pembina Edmonton Sands natural gas, and Red Earth Slave Point light oil properties located in Alberta, as well as Sawtooth oil property situated in the Grand Forks/Taber area in southern Alberta."


GREY:PTGBF - Post by User

Comment by whoa_rimcheeseon Nov 29, 2011 2:51pm
324 Views
Post# 19275646

RE: RE: Some news...

RE: RE: Some news...If you think you won't be selling below 10 cents, you must be expecting a 5 to 1 consolidation or something. Anyone who tries to use book value to justify buying this piece of shiit has rocks for brains. You understand that the book value of the assets themselves are likely vastly overstated. The book value of assets is high due to all the historically favorable financings pumped into developing assets that can't produce cash flow. Hope for 6-7 cents and get the fucck out.
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