GREY:PMGLF - Post by User
Comment by
maxleverageon Sep 12, 2012 8:17pm
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Post# 20354606
RE: why is pmg bought 600000 shares
RE: why is pmg bought 600000 shares Today's INK "marked trades" shows insider buys of 44,900 YESTERDAY (must be PMG continuing the August buying binge). At least it shows management is not overly stressed about money if they can afford to drill, pay the dividend and buy back stock.
25,000 boepd * $65 net back * 90 days = $146.25 M cash flow per quarter. With Brent prices were they are, they may even get $70+ net backs. A lot of cash....