RE:RE:RE:RE:Hedgie & hegemonHegemon,
yes im relatively new to this board and to PTA.
i have to point out the obvious again. All E&P's are down due to the price of Oil.
and the more the leverage the more the beating in share price.
and being in Colombia should cause a greater pull back then the U.S.
I think PTA has held up quite well in the last few months. Having said that if I were holding PTA since the beginning of the year I would be piss*d off for sure. So I understand where you are coming from.
dont forget that PTA is in a transformational period, and that growing to a level past the 10k BOEPD is a big thing and it puts PTA on a different scale. And it will start to get similar valuations of PXE, GTE, CNE ....ect
there are a lot of companies in Colombia that trade at cash value and have been doing so for a while, why ??? The reason is they don't produce anything yet and North American investors are not willing to pay up for these kind of companies. Now that explains why PTA has been trading at a discount far before the Suroco acquisition ! But once the company starts passing the 10k level and starts increasing reserves and reserve life and diversifying its acreage it will start getting similar valuations to the other producing companies in Colombia. I see that happening in H1 2015.
i truly believe we will see PTA a 500 mill market cap company by end of next year. Of course with no further deterioration in Oil prices.
Cheers
Deadcow