RE:RE:RE:RE:RE:Wow…cardium speaks Hendricks, I keep hearing that from Kavern too lol. PNE was supposed to plunge 20 cents on the last Q results - instead of being up a couple of pennies too, wasnt it?
PNE could add that same amount to debt for the next 8 quarters as it did in Q1 and at the end of it have less debt than YGR has today with 2.5x the production. Likely they will be mostly debt free by the end of 2025 anyway but no matter. You guys continue on focusing on the latest YGR well that is so awesome it will save the company. Or the latest drilling consultant. After 15 years of the drama is it not time to pick a more capable company?
I own 5 other oil companies with much bigger positions than PNE, although yes, I am still adding a little PNE every month.
One of the 5 was the top oil stock on the TSX last year and yet it drilled a TOTAL of 3 wells.
Size matters. Decline rates matter. Management matters.