RE:PMT and POUI like your prognostication Shamano1:
shambano1 wrote: father and daughter and now son since Jim is CEO of POU now.
what does the future hold for PMT?
they have NG at east edson with lots of running room and as NG prices climb they have better financials and they can step up produciton very quickly if it's worth it.
they have other exploraiton plays in the deep basin that are also attractive at plus 3 /mcf so they can sell, develop or JV assets like Columbia and WAskahigan.
they have a ton of oil sands leases which are not valued into the current SP but are valuable to someone, that someone namely being Cavalier energy a 100% subsidiary of POU.
they have shallow NG which is low cost but not really making any CF due to high expense proeprty taxes.
they ahve heavy oil and enhanced oil recovery which is starting to pay off with increasing oil production and increasing reserves at some point, maybe year-end 2016.
and they ahve shallow shale NG which could be a big win at plus 3 /mcf due to the fact that these shallwo reserves will share infastructure with their shallow NG produciton.
so after that summary or assets, and asset sales and swaps and lowering debt to very low amount, what is PMT's future.
first we know they will survive, the creditors are gone, not happy but gone, not many companies can pay off their creditors at 59 cents on the dollar and live to talk about it.
they have lots of proven and probable reserves and billions in contigent reserves is oil sands leases.
oh I forgot they have a new oil sands technology at Panny called LEADS that is proving to be very encouraging with pilot produciton materially better than planned.
I know what I would do if I were Clayton or Suesan.
POU to offer to buy PMT for 3 to 4 shares of PMT per share of POU.
POU gets all the oil sands leases to move over to cavalier, they get east edson produciton and processing to merge with their remaining NG assets.
they get explroaiton lands and maybe the jewel could be this Panny lead project, which if proven will become a 10,000 bpd processing facility in 5 plus years.
Susan and select PMT staff will merge wtih POU head office and Susan will be naed president of POU resoruces
this is what I would do consideirng the inherent value of PMT's vast asset base, because they will never be able to grow thoses resorouces on their own and will never get fair value for them as a smaller O&G company.
PMT's days are numbered and even more so now that POU has sold part of their NG business.
oh well just speculating here DYODD
I own PMT and POU shares