Post by
Fullblast on Dec 08, 2014 5:54pm
Any thoughts ?
What does the oil price drop means for PRY ?
Comment by
sellthefarm on Dec 08, 2014 6:31pm
It means they are going bust. The bank is never going to renew their line. Therefore it is due May 2015. They have until then to sell the company. I hope that is what happens because I have far too much money in this thing. I've accepted that it will go to $0 but still hold hope they'll get $0.10 to $0.20 per share on a sale.
Comment by
stockwrestler on Dec 08, 2014 7:25pm
yes, the company will be a good fire sale buy. 10c might be a fair price; they have long life light oil reserves, and a big tax credit pool. and, according to my source (a friend of a friend) there has been a group wanting to buy up a lot of those Red Earth assets.