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Bullboard - Stock Discussion Forum Petrominerales Ltd PMGLF

Energy Oil & Gas E&P

GREY:PMGLF - Post Discussion

Petrominerales Ltd > Today's trading
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Post by maxleverage on Oct 18, 2012 10:09am

Today's trading

Markets will drive you nuts - $7.28 on Monday, $7.97 on Thusday AM.  Maybe after the Celtic deal, some value investor figures PMG won't last.  I can't beleve it isn't worth a $12 offer for Rubiales.  They coul pay in stock and it would be less than 15% of their market cap.
Comment by soberinvestor on Oct 18, 2012 10:24am
I just took that 7.28 as a single early, year end tax sell-off signal and I think more are to come. I see it below 7 at some point between now and Christmas. Of course I’m not a gospel. This morning’s jittery trading makes me feel like PMG buy back program fights to catch the ground struggling with downward pressures. Scary to imagine company for some reason pulls the plug on it.     ...more  
Comment by bladerummer on Oct 21, 2012 10:09pm
Why don't you call Rubiales and advise them what to do so they can all have a laugh.
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