Petrominerales Ltd PMGLF

Re: New 52 week low

[oilwatcher13]

PMG hits a new 52 week low and is now way oversold, so where is the bottom? At some point this will have an oversold bounce back.

[maxleverage]

$530 M market cap + $600 M debt = $1.13 billion of enterprise value.    For this you get $300 M of pipeline assets, Orito / Neiva production sharing contracts (about 28 million barrels of oil in the ground per the reserve report, but only 5,000 barrels per day of production???) and the remaining 13 million barrels in the corcel fairway area (which will fund the business for 1 more

[stockfactory]

It's not about the reserves. It's about more efficient management and field operations (on a daily basis...)  

[Uchuva]

Stock factory please help me understand what the difference is between efficient management ( accountants) and oilmen who create honest value. I would love to see created value but for some reason we are fishing in a fished out pond or we need to replace the exploration team. They are just not bringing ant significant flow of oil but continue to spend. It's not about cost savings but more