RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Spread between BRENT and WTI continues wideningCocomg,
Personally I'm not happy with PTA will not be left alone for a long time and people can bash all they want I really don't care. Vetra was dying to buy Surocco alone for roughly $130 mill USD !!
Now all of PetroAmerica including Surocco has an Enterprise Value of less than $75 million USD !!!
So as soon as companies feel that Oil has bottomed and there will be no more collapse or deterioration in price, the hunters will come out to Hunt !!
PTA will probably not survive another year in its own !!
having said that I hope the price goes down to 0.13 so I can add to my already huge position !!
GLTA