RE:RE:RE:RE:Volume?Brent closed at $118.10 and POE doesn't even move. Waiting to hear what the offers are for our assets is keeping the share price in limbo. Management was going to take the company in another direction with money that is't being distributed back to share holders. If there was a reasonable offer for our assets we would have heard something by now.
Crude prices have gone up so much I'm having doubts Pan Orient's new direction is even possible. Might as well keep what we have and churn out more distributions for shareholders. Focus on getting Sawn Lake back onliine and work at increasing production to 3,600 bopd.
Does everybody feel richer now that we have received our distribution? A share price at $1.30 vs. a $0.40 distribution and share price at $0.90 is a zero sum game. Unlike shareholders in other oil cos., POE investors have unfortunately missed out on capital gains in crude's recent rally. The time has come for management to provide us with an update on how negotiations are going or cut bait and move on. The resouce update is out so whats the holdup?