PNN won't be single digits for long. Think about it....Here is why PNN won't be single digits for very long:
- Oil still in the basement with significant upside over the next few years. Just a matter of time
- Trump has added volatility back to oil price so new wildcard
- OPEC has several members that simply can't sustain current price level
- Albania on the upswing with Shell and Geo-Jade (formerly Bankers) producing and exploring
- Wadsworth and team know the industry and more importantly the Albanian landscape: both oil and government/locals. Proven management not here to pump and dump....
- PNN was already trading at 40 cents - years before the Velca block win and current managment in place.
- There has been signficant slow and steady accumulation at current levels for several months. Look at how volumes really ramped up over the last year. Not dumb buying...
- Currently very little buying but going to explode once folks understand what the heck is going on here
This IS the time and place to jump in. Downside is minimal at crazy low share price. I am IN, fully invested and willing to be patient. The problem will be discerning when to sell... Always the tough part.