OTCPK:PILBF - Post by User
Comment by
venturecap1on Sep 23, 2017 1:40pm
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Post# 26734587
RE:RE:RE:RE:RE:Another happy day!
RE:RE:RE:RE:RE:Another happy day!I was feeling very depressed with this holding but hung on to my shares. I was sitting on 172,000 shares at $2.01 and very frustrated. Waking up that Monday morning when the offer was announced was quit an amazing feeling.
I sold off a small portion on the original announcement and sold another small portion yesterday and put some money to work in Badger Daylighting. This company is one of the largest holdings of PHN and Seymour Investments small cap funds. They had a very strong quarter and insiders are buying again. Recent sell off is a great opportunity to take a position.
Oil companies in general are trading at a discount and should recover as oil inventory levels are rebalancing. Maybe wait for a pullback as they have had a surge off the bottom recently.