GREY:PMGLF - Post by User
Comment by
dbeaudeon Feb 28, 2012 6:44pm
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Post# 19601252
RE: RE: No Big Deal
RE: RE: No Big Deal Sold today for a lot less profit than I anticipated I would make, but I have no trust in the management team. They are producing 15 million BBLs per year and only have 2P reserves of 51 million. That leaves them with just over three years of production and the poor performance of additions leads one to wonder what the heck did the management team do all year?
They are up against it in my opinion. IF they had a 150 million BBLS and did not add enough to replace production that would be one thing but not at these low reserves levels