Post by
frankythetank on Jul 21, 2014 4:41pm
PMI market too high compared too SKO.
PMI market Cap. of 230 million-no production
SKO market cap. of 30 million- currently a 1000 BOED
Whats wrong with this picture? One is for sure undervalued.
Tank
Comment by
naive_investor on Jul 21, 2014 6:11pm
Does anybody know when they are completing the gas well. They were supposed to test the well in June. TIA
Comment by
perdikaoilgas on Jul 24, 2014 3:16am
franky, PMI is a speculative gamble that will deflate soon. It rose just because a newsletter provider pumped it. The value is in SKO, its production and its reserves. SKO is a steal at the current levels.
Comment by
sailpgd on Jul 24, 2014 12:09pm
The debt levels are a little too high for me to jump in. It seems that cash flow is declining while the expenses are piling up. I have seen this play out before and it is not pretty. It also seems like it is taking forever to get Delvina up and running. It has been over two months since they first announced the project. Where are the results?