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PetroMagdalena Energy (PMD.V)

PAST TOP PICK
(A Top Pick July 27/10. Down 50.09%.)
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 March 3/10. Down 45.69 %.) Sold his holdings at a profit.
DON'T BUY
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.
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.
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.
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.
BUY
(Market Call Minute.) Trying very hard and low priced. Just had a successful well in Colombia.
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
They’ve had some success.
BUY
Recently bought this. Could well results in Colombia.
BUY
A play in Colombia. Lots of land and good prospects but missed on a production outlook so have been penalized. Talisman (TLM-T) just bought Colombian assets from British Petroleum (BP-N) that has created interest in the area again. Could be a $.50-$.60 stock.
TOP PICK
Columbia. After 20-25 years of terrorist activity, it is now under control. They have secured a lot of land. Some in production.
DON'T BUY
Oil in Colombia. Made a mistake when he had it as a “Buy” in April. Incomplete information led him astray. Sold his holdings.
DON'T BUY
In Columbia. 2500 BOE per day. Want to double by end of year and double again next year. You are paying a premium for the management. Sees this stock being range bound. Prefers GTE-T
Showing 1 to 15 of 21 entries

PetroMagdalena Energy (PMD.V) Frequently Asked Questions

What is PetroMagdalena Energy stock symbol?

PetroMagdalena Energy is a OTC stock, trading under the symbol PMD.V (previously PMD-X on Stockchase) on the undefined (undefined). It is usually referred to as or PMD.V

Is PetroMagdalena Energy a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on PMD.V (previously PMD-X on Stockchase) on Stockchase. Read the latest expert commentary for PetroMagdalena Energy.

Is PetroMagdalena Energy a good investment or a top pick?

PetroMagdalena Energy was recommended as a Top Pick by Jamie Horvat on 2010-05-11. Read the latest stock experts ratings for PetroMagdalena Energy.

Why is PetroMagdalena Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for PetroMagdalena Energy.

Is PetroMagdalena Energy worth watching?

PetroMagdalena Energy is followed by 16 investors on Stockchase and is a trending stock that is worth watching.