RE:RE:upload....LOLnot 100% correct, either of you.
PMT produces some heavy oil but less than what they use to produce since selling heavy oil assets. I'm guesisng but maybe just over 1000 boe/d of heavy oil.
They also produce natural gas liquids which can be considered light oil, so again they are getting sales based on higher oil prices.
but the bulk of their production, maybe 80% comes from NG.
so higher oil prices go help a little but they need much higher NG prices to make serious cF and it's not going to happen in 2016, maybe back over 2 or 2.50 by winter 2016/17 if we get a nice hot summer.
If I see 0.10 pre 20 to 1 consolidation I will dump before the reverse and then wait for q1 report to see how bad things really are.
in the worst case scenario, NG prices stay low all 2016 and 2017 and PMT will need another cash infusion from grandpa Clayton at some point.
so I'm not saying it will happen for certain but another righs offering with a back stopper is a possibility since they don't want to sell assets or TOU shares and would rather issue more shares and dllute shareholders again.
be careful here, but there is money to be made if your quick and nibble and don't get greedy.
dyodd