Peter Hodson
Pan Ocean Energy Corp Ltd (A)
POC.A-T
WAIT
Apr 20, 2006
Surprised at how well it has done this year. Had a couple of dead holes last year which the market didn't like. Would like to see it settle down before buying.
The company has done a lot of things right. They are 11 for 11 in their drilling. Valuation is only based on where they are now and not giving any credit for future success. Cheap.