RE:I doubt the company can earn any money from operations this not sure they are going to make any money but NAV at 10% is over 5 bucks, so they have assets worth much more than current SP.
yes but like I said earlier CF will be negligable until NG and or oil prices rise much more.
their investment in TOU is holding right now, as they are a big NG and liquids exoloration company.
hey I will propose for PMT to sell / trade edson east to TOU for another 6.75 millin shares and then get some value for these assets, otherwise we need higher prices.
I do rcall they hedged NG at 40-50 cen discount to USA prices so they are making 1.50-1.60 US /mcf and with the low dollar it looks ok for maintaining things for now.
ultimately they need to make a deal so either sell more assets to realize this value ordo spend money until prices go higher.
on the bright side if it can called that, they are saving lots of money with shuuting in old wells by doing it themselves and not hiring third party companies.
this will reduce liabilities on their books by 40-50 million which is a good chunk of change.
now if they can sell something for 30-50 million, then that will give them room to breath and plan next steps.
also no mention of Lead project outside of waiting for higher oil prices but they did go up bakc above 40 and I wonder if they did any more work with lead. it should be flowing now based on past work if I recall correctly.
anybody buying ??