GREY:VFGGF - Post by User
Comment by
nlr2on Mar 21, 2012 2:58am
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Post# 19698308
RE: No so fast....
RE: No so fast.... I agree with your summer sentiments. I bought some more in anticipation of the results this week though. Haha. I don't think they will have to raise money again though. I think they can just sit back drill and prove up their waterflood. Once this is done then someone will come knocking. Penn West or Harvest can either buy Pinecrest for 1 billion now and dominant the very, very economic Red Earth Slave Point play or wait and miss the opportunity offered now and watch PRY grow drastically and take them out for far more money down the road. I have always thought that this management team was focused on growing to 5000 boe/d, getting a large land posistion then selling out. I see nothing to change my opinion and they will hit 5000 this year.