Petrominerales Ltd. | StockChase
56
Petrominerales Ltd. (PMG-T (Dead))

Last Price Recorded: $12.2600 on 2013-12-05

ON STOCKCHASE SINCE Oct 2006

exploration in Latin America, specifically, Colombia.

Acquired by Pacific Rubiales (Dec 2013)

oil/gas

Petrominerales Ltd.


Signal Opinion Expert

2013-09-27

DON'T BUY
Petrominerales Ltd. (PMG-T (Dead))

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.

oil/gas
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $7.740
Owned: Unknown

2013-07-23

SELL
Petrominerales Ltd. (PMG-T (Dead))

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.

oil/gas
Mason Granger

Portfolio Manager, Sentry Investments

Price: $6.550
Owned: No

2013-05-08

WEAK BUY
Petrominerales Ltd. (PMG-T (Dead))

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.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $5.950
Owned: Unknown

2013-04-26

SELL
Petrominerales Ltd. (PMG-T (Dead))

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.

oil/gas
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $5.470
Owned: No

2013-04-22

SELL
Petrominerales Ltd. (PMG-T (Dead))

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.

oil/gas
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $5.240
Owned: No

2013-03-22

SELL
Petrominerales Ltd. (PMG-T (Dead))

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).

oil/gas
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $6.200
Owned: No

2013-02-08

HOLD
Petrominerales Ltd. (PMG-T (Dead))

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

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $9.200
Owned: Unknown

2012-11-05

WAIT
Petrominerales Ltd. (PMG-T (Dead))

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

oil/gas
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $8.590
Owned: Unknown

2012-11-01

DON'T BUY
Petrominerales Ltd. (PMG-T (Dead))

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.

oil/gas
John Zechner

Chairman, J. Zechner & Assoc

Price: $7.950
Owned: Unknown

2012-09-19

DON'T BUY
Petrominerales Ltd. (PMG-T (Dead))

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
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $7.980
Owned: No

2012-09-11

COMMENT
Petrominerales Ltd. (PMG-T (Dead))

(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.

oil/gas
Joanne A. Hruska, CFA

Vice President, Portfolio Management, Aston Hill Financial

Price: $9.580
Owned: No

2012-08-30

HOLD
Petrominerales Ltd. (PMG-T (Dead))

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.

oil/gas
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $9.250
Owned: No

2012-08-02

SELL
Petrominerales Ltd. (PMG-T (Dead))

How sustainable is this.  He sold it.

oil/gas
Sandy McIntyre

Vice-Chairman and CIO, Sentry Select Capital Corp

Price: $7.530
Owned: No

2012-07-13

COMMENT
Petrominerales Ltd. (PMG-T (Dead))
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.
oil/gas
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $10.240
Owned: No

2012-04-27

COMMENT
Petrominerales Ltd. (PMG-T (Dead))
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
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $14.090
Owned: Unknown

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