GREY:PMGLF - Post by User
Comment by
pokerbeekson Aug 12, 2013 4:49pm
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Post# 21664737
RE:RE:RE:RE:Petrominerales' Taya-1 Well Tests 5,218 Bopd
RE:RE:RE:RE:Petrominerales' Taya-1 Well Tests 5,218 Bopd
I would love to see them hold the pipeline assets. it's been arguably their best allocation of capital to date. But alas they seem intent on using the proceeds to finance their rather large drilling program.
On the plus side, IF they continue to have finds like they've had over the last two months, this plan will work out splendidly.
That said, the market still hates this stock and any turn in sentiment could easily send it up in the 8-10 dollar range simply based on its valuation metrics alone.