Viewing Company Petrominerales Ltd. | StockChase
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Compiling comments that experts make about stocks while on public TV.

Petrominerales Ltd. Stock Symbol: PMG-T (Dead)

Notes:

exploration in Latin America, specifically, Colombia.

Acquired by Pacific Rubiales (Dec 2013)

Last Price Recorded: $12.2600 on 2013-12-05

Date Signal Expert Opinion Price
2013-09-27 DON'T BUY Jaime Carrasco

His company has this as a Neutral with a $7.75 target. He would prefer Pacific Rubiales (PRE-T), which his company has as an Outperform with a $25 target.


Price:
$7.740
Subject:
RESOURCE, UTILITY & REITs
Bias:
UNKNOWN
Owned:
Unknown
2013-07-23 SELL Mason Granger

At one time they were a 40,000 barrel a day producer and he would guess that they have probably had 8 quarters of declining production. Abysmal exploration success. Drilled a lot of dry holes. Also, have issues with convertible debentures that they had to push out the maturity of. They are now trying to divest some pipeline assets.


Price:
$6.550
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
No
2013-05-08 WEAK BUY Hap (Robert) Sneddon FCSI

A volatile stock.  We have a bottom here but the trend is generally down.  You want to wait until it is at $9 to buy.  Would get resistance at $15 so take some off the table then.


Price:
$5.950
Subject:
TECHNICAL ANALYSIS
Bias:
DEFENSIVE
Owned:
Unknown
2013-04-26 SELL Jaime Carrasco

Doesn’t own, but follows it and has a $7.50 target. Not one he is recommending. He believes most of the work on this is in Colombia and Ecuador. If you own, he would switch to something else.


Price:
$5.470
Subject:
ENERGY, MATERIALS, UTILITIES & REITS
Bias:
BULLISH on GOLD
Owned:
No
2013-04-22 SELL John Stephenson

Struggled lately to meet production and growth has been a little bit weak. This is a little bit of an “at risk” stock so he would Sell.


Price:
$5.240
Subject:
RESOURCE
Bias:
CAUTIOUS
Owned:
No
2013-03-22 SELL Jaime Carrasco

He would be switching into something else. Doesn’t see much organic growth coming out of Latin America with this. If you want to be in energy in Latin America, he would consider Pacific Rubiales (PRE-T).


Price:
$6.200
Subject:
ENERGY, MATERIALS, UTILITIES & REITS
Bias:
BULLISH on GOLD
Owned:
No
2013-02-08 HOLD Michael Giordano

Have been challenged by operational issues.  So beaten up here.  Wait for a 10% bounce.  Distribution is safe.


Price:
$9.200
Subject:
RESOURCE
Bias:
BULL on RESOURCES
Owned:
Unknown
2012-11-05 WAIT Larry Berman CFA, CMT, CTA

Ugly picture on chart, but in the last number of months it has not made a lower low. That bottom is not confirmed yet.


Price:
$8.590
Subject:
N/A
Bias:
BEARISH on US ECONOMY
Owned:
Unknown
2012-11-01 DON'T BUY John Zechner

Not a lot of reserves so not as cheap on a NAV basis. Prefers PBM. If you get bullish on oil, some Colombian plays have a lot of leverage to oil. Oil is fairly valued.


Price:
$7.950
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US ECONOMY
Owned:
Unknown
2012-09-19 DON'T BUY Eric Nuttall

Have had a string of dusters. Had a large production base with a high decline rate so they were relying on exploration success to make up for their declines. Trading at a very low ratio to proved reserve values. Also, Colombia has been a disaster to invest in.


Price:
$7.980
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY
Owned:
No
2012-09-11 COMMENT Joanne A. Hruska, CFA

(Market Call Minute.) Cheap stock but they happen to be a junior in an international country, which are 2 things the market has absolutely hated lately. Don’t have a lot of debt. It’s on her radar screen.


Price:
$9.580
Subject:
OIL & GAS
Bias:
OPTIMISTIC
Owned:
No
2012-08-30 HOLD John Stephenson

Super cheap right now and this is a name you could hold onto. Feels that all the bad news is out of the stock. If you are looking for alternatives, he would recommend looking for things with a bit of a yield such as Arc Resources (ARX-T) which would get you out of Colombia and into North America. Baytex (BTE-T) has done very well. Vermilion (VET-T) continues to do well with a 60% weighting towards Brent.


Price:
$9.250
Subject:
RESOURCE
Bias:
CAUTIOUS
Owned:
No
2012-08-02 SELL Sandy McIntyre

How sustainable is this.  He sold it.


Price:
$7.530
Subject:
INCOME INVESTING
Bias:
SELECTIVE
Owned:
No
2012-07-13 COMMENT Jaime Carrasco He doesn't have too many issues with the politics in Colombia where they are operating. His company likes it and has a $23 target for it. One of the issues is oil prices, which have come down.
Price:
$10.240
Subject:
ENERGY, AGRICULTURE & PRECIOUS METALS
Bias:
CAUTIOUS
Owned:
No
2012-04-27 COMMENT Jaime Carrasco Just gave an operational and exploration update and the Peru block did not come up with any hydrocarbons and the stock sold off. He is neutral on this company but has a $24 target. He would prefer being in Canada.
Price:
$14.090
Subject:
ENERGY, AGRICULTURE & PRECIOUS METALS
Bias:
BULLISH on GOLD
Owned:
Unknown
Showing 1 to 15 of 56 entries
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