RE:wrong alkhorPMT go under? Hardly. The market cap is $60 Million. The family owns just under 50% ownership. They can easily swallow this company up or have TOU or POU buy them out. They will not end up like Trident. PMT is cash positive too. Barely but they are surviving.
Sequoia purchased the wells and thought they could make money, hoping the price of nat gas was going to turn around because it was depressed for so long. Sequoia took a gamble and lost and are now blaming PMT. Read the release from the courts. The way I see it PMT has an 85% chance of not being held liable. However, Sequoia will have 6 months to appeal which I am sure they will do to drag this process on forever. It will be two years before the final outcome is given with no appeals to be had.
So, as an investor you need to determine if purchasing now at a quarter is worth the gamble and having your money tied up for two years for a triple in price. And by then who knows, maybe natty gas will recover.