PMI Resourses (PMI.V)

DON'T BUY
Pure exploration and extremely high risk. Going after a new play concept in Albania. Drilling expensive, deep and technically complicated wells.
DON'T BUY
Land position in eastern Albania. Target they are prospecting is very deep, very expensive and too risky for him. Better buys available.
COMMENT
Not a lot of volume up to November making it tough for a technical analysis. Volume in March is bigger and looks exceptionally overbought. Natural gas still has a lot of overhead resistance. Has to be a “show me” before it's of interest to him.
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