RE: RE: never a dull moment when I'll reserve My opinion once full year, 4th qtr and 2012 guidance is posted... and for the record... I would like nothing more than to say something rosy... about PMT... I mean retail investors have had the boots laid to them pretty good over the course of the past 52 weeks... and it wasn't because they didn't have a chance to see what I have seen going down... BUT when someone posts that a year over year gain in production is just over $150 BOE/D... really??? I mean really??? can you... or should you trust an analyst who ranks a company he's covering as outperform based on that kind of metric? SHOULD anyone even use that kind of analysis as a reason to stick with a company? since when does the equivalent of a single well rate a company PMT's size as outperform??? YOU are right... THERE are plenty of juniors out there that are doing far better than that...
Would any of them toss thier fortunes in with the likes of PMT? Liquids are the commodity of choice... WHAT KIND OF METRIC do you suppose PMT would be willing to pay for a flowing barrel??? $80K??? $180k??? By my guesstimate... I don't see any liquids production going for less than $120K... unless the upside is very very BIG... maybe ACG might be in play for less... but not much is my guess..
as always it's just my opinion...do your dd and git yer own.