Petrominerales Ltd PMGLF

what happened over the last 2 years?

[ghayes]

I got in at $5.90 a couple of days ago.   Great Div.  good prospects, and at this price a good buy.  My question what was it that made folks think it was worth $39 two years back?   and what happened?  Was this a small company that got pumped way beyond its expectations,  or a big company worth $39 that hit some disasters?

anyone ?

[NightowI]

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[deisman]

Would you purchase a stock @$11.80 that was paying a 4.18% monthly dividend, had a P/E of 11.8 and a P/B of 1.1  .............. ?  Thats the kind of numbers PMG would produce at $11.80 share which is a lot closer to it's intrinsic value.  IMO you made a very good purchase and if you are patient and smart enough to buy and hold you will be rewarded.  PMG is not a stock for

[NightowI]

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[ghayes]

Thanks for your comments deisman.      After doing DD  I am thinking it should go up to $11 - $12 within the next year.  They are pumping oil, they are exploring, they are getting more prospective places to drill.   The FARC situation is nearing an end ( great writeup in Economist this week - if FARC dont capitulate they know that the Govt Colombia will finally