RE:RE:this is a S.H.I.T SHOWI do day trade, but not with PTA.
Perdikaoilgas,
If PTA manages to keep cash levels and not depleting it's available cash cushion then I will be very happy to hold on for another year or two. I doubt that will be the case.
and I disagree with your some of your predictions :
Brent is not at $60 and I believe Brent will go below $50 and stay there for a while.
Yes I believe a lot of E&P's wont make it and we will see a ton of bankruptcies this year and next.
This has nothing to do with PTA and it's not personal my friend !! No one on this board is down more than I am in PTA and no one on this board has even close to half the shares I hold on PTA !!
Errors have been made by management and a bunch of bad luck happened to the company.
but I believe Oil will collapse further and that will cause pressure on the whole sector !! Smaller companies just get crashed harder and faster.
Our best hope now is that management realizes that they are incapabable of turning things around and attempt to sell the company. Unfortunately they believe they can still grow the company , that is something I doubt & I hope I'm wrong.
What I fear now, is that if they don't get a line of credit and I believe they will not be able to !!
I believe they will be forced to dilute shareholders further.
Having said all that, I hope I can be proven wrong !!
i believe if you were CEO of PTA you would've done a much much better job than the new clown in charge !! I believe if anyone on this board was CEO they would've done a better job !! Even the The Dave.
Good luck to all