options action It's hitting 52-week highs. Today sees a buyer of 13,000 of the May 16 call, trading at $15.60, at 29-33 cents. Inexpensive and unusual because they're going out to May while other stocks are shorter term.
Has been rising rapidly from $1+ in the last few days. Management is attempting to create an interesting producer. Drag on it might be their THAI process, which really hasn’t gone commercial but other assets are quite interesting. Good management.
Period of seasonal strength is from the middle of February until the middle of June. It has had a nice little breakout and has kept on going higher. Technically looks very good. Above the 50 and 200 day moving averages.
Reasonable yield, but not sure if it is sustainable. Some of their operations in South America are not particularly predictable and have high decline rates.
Used to be an interesting basket of companies. Very high decline rates. Their capital structure is putting pressure on the share price. Some question if the THAI process will work.
Voting tomorrow on spinning out their portion of Petrminerales (PMG-T). Need to split to give these entities their own autonomy so they can grow independently and the market can focus on them.
Parent company of several sister companies. They have access to fire flood technology. Initial results are less than stellar. Industry has seen no signs that it works.
Their interest in PetroBakken (PBN-T) and Petrominerales (PMG-T), which is primarily Colombian oil is probably worth $40 plus a share, which is close to the present share price. Rest of the company is 3 projects including THAI projects which are starting to work well.
Parent of PetroBakken (PBN-T). Of the two he would prefer this. Independent Reserve estimators may give them reserve bookings for their THAI project, which will be a first.