Daily Stock Opinions and Ratings

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Eric Nuttall PetroMagdalena Energy PMD-X DON'T BUY Feb 09, 2011

Never delivered on a single quarter from the time that they were public, which is a cause for concern. Had internal problems on how they were accounting for production. Current assets are worth about $0.25 and the stock is worth $0.29. Thinks its dead money.

Eric Nuttall

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$0.290

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BUY

They’ve had some success.

DON'T BUY

Up about 75% this month on the back of the expectation of a significant oil discovery. Potential for 50% increase in reserves. Solid management but missed on every guidance since they’ve gone public. Prefers others even though there is good upside in the name.

BUY

(Market Call Minute.) Trying very hard and low priced. Just had a successful well in Colombia.

BUY

Had some potential very good drill results. One issue might be that initial crude was heavier than expected. Should be an announcement in a few days.

COMMENT

Sold his holdings because there were things they were doing that he couldn’t understand. Also the type of drilling they were doing and they didn’t know the answer to. Inexpensive and they are now building things out. If you are a speculator, it could turn out very well.

DON'T BUY

Just gave some revised negative guidance. Had hoped to be 10,000 barrels a day by mid-year but are currently 2,500 a day. Will have to raise money.

PAST TOP PICK

(A Top Pick March 3/10. Down 45.69 %.) Sold his holdings at a profit.

BUY

Colombia. Gone under a re-organization. Had management issues and stock plunged in early January. Since then have done an equity issue. Brought in a new COO and looking for a new CEO. Feels stock has bottomed. Good level. A “show me” story but a significant asset story.

PAST TOP PICK

(A Top Pick July 27/10. Down 50.09%.)

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Eric Nuttall PetroMagdalena Energy PMD-X DON'T BUY Feb 09, 2011

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