Petrominerales Ltd. (PMG-T) Stock Predictions - Stockchase
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Petrominerales Ltd. (PMG-T)

ON STOCKCHASE SINCE Oct 2006

exploration in Latin America, specifically, Colombia.

Acquired by Pacific Rubiales (Dec 2013)

oil/gas

Petrominerales Ltd.

PMG-T

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Petrominerales Ltd. (PMG-T) SAVE Dec, 31, 1969, 7:00 pm

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What the experts are saying about PMG-T



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Signal Opinion Expert
DON'T BUY
Petrominerales Ltd.(PMG-T) 

September 27, 2013

His company has this as a Neutral with a $7.75 target. He would prefer Pacific Rubiales (PRE-T), which his company has as an Outperform with a $25 target.

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His company has this as a Neutral with a $7.75 target. He would prefer Pacific Rubiales (PRE-T), which his company has as an Outperform with a $25 target.

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$7.740
Owned Owned
Unknown

SELL

At one time they were a 40,000 barrel a day producer and he would guess that they have probably had 8 quarters of declining production. Abysmal exploration success. Drilled a lot of dry holes. Also, have issues with convertible debentures that they had to push out the maturity of. They are now trying to divest some pipeline assets.

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At one time they were a 40,000 barrel a day producer and he would guess that they have probably had 8 quarters of declining production. Abysmal exploration success. Drilled a lot of dry holes. Also, have issues with convertible debentures that they had to push out the maturity of. They are now trying to divest some pipeline assets.

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Mason Granger

Portfolio , Sentry Investments...

Price Price
$6.550
Owned Owned
No

WEAK BUY

A volatile stock.  We have a bottom here but the trend is generally down.  You want to wait until it is at $9 to buy.  Would get resistance at $15 so take some off the table then.

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A volatile stock.  We have a bottom here but the trend is generally down.  You want to wait until it is at $9 to buy.  Would get resistance at $15 so take some off the table then.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$5.950
Owned Owned
Unknown

SELL

Doesn’t own, but follows it and has a $7.50 target. Not one he is recommending. He believes most of the work on this is in Colombia and Ecuador. If you own, he would switch to something else.

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Doesn’t own, but follows it and has a $7.50 target. Not one he is recommending. He believes most of the work on this is in Colombia and Ecuador. If you own, he would switch to something else.

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$5.470
Owned Owned
No

SELL

Struggled lately to meet production and growth has been a little bit weak. This is a little bit of an “at risk” stock so he would Sell.

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Struggled lately to meet production and growth has been a little bit weak. This is a little bit of an “at risk” stock so he would Sell.

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John Stephenson

President , Stephenson & Company...

Price Price
$5.240
Owned Owned
No

SELL

He would be switching into something else. Doesn’t see much organic growth coming out of Latin America with this. If you want to be in energy in Latin America, he would consider Pacific Rubiales (PRE-T).

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He would be switching into something else. Doesn’t see much organic growth coming out of Latin America with this. If you want to be in energy in Latin America, he would consider Pacific Rubiales (PRE-T).

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$6.200
Owned Owned
No

HOLD
Petrominerales Ltd.(PMG-T) 

February 8, 2013

Have been challenged by operational issues.  So beaten up here.  Wait for a 10% bounce.  Distribution is safe.

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Have been challenged by operational issues.  So beaten up here.  Wait for a 10% bounce.  Distribution is safe.

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Michael Giordan

VP Investm, ...

Price Price
$9.200
Owned Owned
Unknown

WAIT
Petrominerales Ltd.(PMG-T) 

November 5, 2012

Ugly picture on chart, but in the last number of months it has not made a lower low. That bottom is not confirmed yet.

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Ugly picture on chart, but in the last number of months it has not made a lower low. That bottom is not confirmed yet.

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0 comments
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$8.590
Owned Owned
Unknown

DON'T BUY
Petrominerales Ltd.(PMG-T) 

November 1, 2012

Not a lot of reserves so not as cheap on a NAV basis. Prefers PBM. If you get bullish on oil, some Colombian plays have a lot of leverage to oil. Oil is fairly valued.

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Not a lot of reserves so not as cheap on a NAV basis. Prefers PBM. If you get bullish on oil, some Colombian plays have a lot of leverage to oil. Oil is fairly valued.

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0 comments
John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$7.950
Owned Owned
Unknown

DON'T BUY
Petrominerales Ltd.(PMG-T) 

September 19, 2012

Have had a string of dusters. Had a large production base with a high decline rate so they were relying on exploration success to make up for their declines. Trading at a very low ratio to proved reserve values. Also, Colombia has been a disaster to invest in.

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Have had a string of dusters. Had a large production base with a high decline rate so they were relying on exploration success to make up for their declines. Trading at a very low ratio to proved reserve values. Also, Colombia has been a disaster to invest in.

oil/gas
0 0 0 0 0
0 comments
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$7.980
Owned Owned
No

COMMENT
Petrominerales Ltd.(PMG-T) 

September 11, 2012

(Market Call Minute.) Cheap stock but they happen to be a junior in an international country, which are 2 things the market has absolutely hated lately. Don’t have a lot of debt. It’s on her radar screen.

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(Market Call Minute.) Cheap stock but they happen to be a junior in an international country, which are 2 things the market has absolutely hated lately. Don’t have a lot of debt. It’s on her radar screen.

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Joanne A. Hrusk

Market Str, Integral Wealth Secu...

Price Price
$9.580
Owned Owned
No

HOLD
Petrominerales Ltd.(PMG-T) 

August 30, 2012

Super cheap right now and this is a name you could hold onto. Feels that all the bad news is out of the stock. If you are looking for alternatives, he would recommend looking for things with a bit of a yield such as Arc Resources (ARX-T) which would get you out of Colombia and into North America. Baytex (BTE-T) has done very well. Vermilion (VET-T) continues to do well with a 60% weighting towards Brent.

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Super cheap right now and this is a name you could hold onto. Feels that all the bad news is out of the stock. If you are looking for alternatives, he would recommend looking for things with a bit of a yield such as Arc Resources (ARX-T) which would get you out of Colombia and into North America. Baytex (BTE-T) has done very well. Vermilion (VET-T) continues to do well with a 60% weighting towards Brent.

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John Stephenson

President , Stephenson & Company...

Price Price
$9.250
Owned Owned
No

SELL

How sustainable is this.  He sold it.

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How sustainable is this.  He sold it.

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Sandy McIntyre

Vice-Chair, Sentry Select Capita...

Price Price
$7.530
Owned Owned
No

COMMENT
He doesn't have too many issues with the politics in Colombia where they are operating. His company likes it and has a $23 target for it. One of the issues is oil prices, which have come down.
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He doesn't have too many issues with the politics in Colombia where they are operating. His company likes it and has a $23 target for it. One of the issues is oil prices, which have come down.
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0 comments
Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$10.240
Owned Owned
No

COMMENT
Just gave an operational and exploration update and the Peru block did not come up with any hydrocarbons and the stock sold off. He is neutral on this company but has a $24 target. He would prefer being in Canada.
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0 comments
Just gave an operational and exploration update and the Peru block did not come up with any hydrocarbons and the stock sold off. He is neutral on this company but has a $24 target. He would prefer being in Canada.
oil/gas
0 0 0 0 0
0 comments
Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$14.090
Owned Owned
Unknown

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