Post by
veronikagermany on Aug 20, 2013 2:27am
PRY and the DECLINE CURVE
THe decline curve is killing PRY. But this was expected because this is how it is with Slave Point formation. PRY is on one of the steepest treadmills in the Canadian energy patch. However, it is still profitable which is a good sign. It can not make a share offering at these levels though. I think will find bottom at around 30- 35 cents.
Dislosure: I am long TID (Tuscany International Drilling) which is the most undervalued stock in the oilfield sector (PBV=0.17) with sequentially growing EBITDA, growing Revenue, growing Gross Profits and growing UT.
Comment by
veronikagermany on Aug 20, 2013 8:59am
Does anybody know who is the driller for PRY's wells?
Comment by
blue_eagle on Aug 20, 2013 10:13am
I believe it's schmit and miss