Petrominerales Ltd PMGLF

Im gone as well

[samantha231]

a lovely stock that went from $37.00 in 2011 to less than 8.00 in 2012. So much for

good oil companies. This reminds me of Oilexco which went bust the same way.

Good luck to all.

[bosse]

Non sense to compare PMG and Oilexco... PMG has been producing 31,113 b/d during the Q2 and as a price cashflow of 2.0 However production for August has been lower and the Q3 should be the same. The enterprise value is 1,400,000 million and the dividend yield at the current price is 6,0% Overall not bad, but they are operating in Columbia which is not a too friendly environnement. Just hope that

[maxleverage]

Q3 will be worse than Q2.  July was 27 K production, August 25 K.   No disclosure on September and presumably we will hear about October on Sunday night / Monday morning.