The Funds, the $1 Threshold & PTA's DEBT-FREE Balance sheetFor those who wonder why PTA rises, they need to keep in mind that PTA has one of the BEST balance sheets in town. As simple as that. So some canny investors make their choices and pick PTA among their energy bets to ride the oil markets.
See GDP, HK, CRK, MHR, SD, LEI, ZAZA, SFY, LINE etc. Q2 results. Spend few minutes and check their Q2 results. Please do it. They are ready to go broke because of their debt. So NO canny investor is willing to invest in them. He must be crazy and/or ignorant to bet on them. So they choose the grossly undervalued PTA with the STELLAR and DEBT-FREE balance sheet with US$20 Million IN CASH pro forma the deal with PNA (according to the company's latest statement) to ride the oil market once the tide turns.
Keep also in mind that PTA will attract funds and institutions once the pps closes higher than $1. As you know, the $1 price is the threshold price for the penny stocks. So the earlier you jump aboard, the lower price you will pay. Once the funds jump aboard at prices higher than $1, we will most likely see some steep increases in the share price.