PMI Resourses (PMI-X) Stock Predictions - Stockchase
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18
PMI Resourses (PMI-X)

ON STOCKCHASE SINCE Mar 2010

Formerly Petromanus (June 2017)

oil/gas

PMI Resourses

PMI-X

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PMI Resourses (PMI-X) SAVE Dec, 31, 1969, 7:00 pm

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SELL
PMI Resourses(PMI-X) 

April 22, 2016

He likes the Albanian play. Had a very big discovery with deep light oil, but the problem was that the spend was getting out of hand. They tried to find partners, but didn’t get the bids they needed. Shell came in with an offer and offered them cash. That cash is now going to be distributed in the next 30-60 days to shareholders. The play that he wanted is now gone. If you own, wait for the dividend and then sell.

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He likes the Albanian play. Had a very big discovery with deep light oil, but the problem was that the spend was getting out of hand. They tried to find partners, but didn’t get the bids they needed. Shell came in with an offer and offered them cash. That cash is now going to be distributed in the next 30-60 days to shareholders. The play that he wanted is now gone. If you own, wait for the dividend and then sell.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.080
Owned Owned
No

COMMENT
PMI Resourses(PMI-X) 

April 6, 2015

They had the discovery where Shell is 70% and this company is a 30% partner. There was a successful well they had drilled in Albania. Very deep and very expensive. Now in the process of sourcing a new rig from China. They are going to bring the rig in some time in Q3 or Q4. The drill time on these wells is very, very long. It takes a year to drill and costs $80-$100 million. The company is well financed. Sitting on $24.6 million of cash in Dec/14, which is 3.5 cents and the stock is at 5.5 cents, so you are paying $.02 for the discovery. The problem is that there is no action going on in the drilling fields in terms of new wealth creation at this time. They also have some great assets in France which they are trying to get some partners on. They also have a long-term potential in northwest Australia. If you have a long-term, 2-3 year time horizon, then he thinks the stock is attractive.

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They had the discovery where Shell is 70% and this company is a 30% partner. There was a successful well they had drilled in Albania. Very deep and very expensive. Now in the process of sourcing a new rig from China. They are going to bring the rig in some time in Q3 or Q4. The drill time on these wells is very, very long. It takes a year to drill and costs $80-$100 million. The company is well financed. Sitting on $24.6 million of cash in Dec/14, which is 3.5 cents and the stock is at 5.5 cents, so you are paying $.02 for the discovery. The problem is that there is no action going on in the drilling fields in terms of new wealth creation at this time. They also have some great assets in France which they are trying to get some partners on. They also have a long-term potential in northwest Australia. If you have a long-term, 2-3 year time horizon, then he thinks the stock is attractive.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.055
Owned Owned
Unknown

SPECULATIVE BUY
PMI Resourses(PMI-X) 

April 14, 2014

$60 Million of cash, 8 cents per share.  They are drilling deep wells and spending a lot to drill them.  Has potentially 100s of millions of barrels of production to come.  We should know in July on one well and end of year on another.  Buy it on weakness.

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$60 Million of cash, 8 cents per share.  They are drilling deep wells and spending a lot to drill them.  Has potentially 100s of millions of barrels of production to come.  We should know in July on one well and end of year on another.  Buy it on weakness.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.210
Owned Owned
No

PAST TOP PICK
PMI Resourses(PMI-X) 

November 15, 2013

(A Top Pick Dec 5/12. Down 28.13%.) They had a discovery of light oil in Albania but was not very big. There is more drilling going on and Shell has 75% of the play and are putting a lot of money into drilling 2 more wells. Stock is cheap and he thinks it is a Buy.

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(A Top Pick Dec 5/12. Down 28.13%.) They had a discovery of light oil in Albania but was not very big. There is more drilling going on and Shell has 75% of the play and are putting a lot of money into drilling 2 more wells. Stock is cheap and he thinks it is a Buy.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.110
Owned Owned
No

TOP PICK
PMI Resourses(PMI-X) 

August 21, 2013

With Shell as their partner, they are drilling in Albania for a very deep prize. Shell has 75% of the play and will spend $200 million drilling 3 wells and doing seismic. Market Cap is $60 million and they have over $40 million in cash at the end of Q1 so they have $20 million of land value that Shell is willing to spend $200 million on. They think the fields are very similar to some big producing fields in Italy. Once the 1st well gets out, they will drill the 2nd well. This is a very big prize. Also, have other assets in France and Australia.

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With Shell as their partner, they are drilling in Albania for a very deep prize. Shell has 75% of the play and will spend $200 million drilling 3 wells and doing seismic. Market Cap is $60 million and they have over $40 million in cash at the end of Q1 so they have $20 million of land value that Shell is willing to spend $200 million on. They think the fields are very similar to some big producing fields in Italy. Once the 1st well gets out, they will drill the 2nd well. This is a very big prize. Also, have other assets in France and Australia.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.085
Owned Owned
No

HOLD
PMI Resourses(PMI-X) 

May 21, 2013

Albania.  Well is taking a lot more time and cost than anyone would have liked.  Looking forward to what they say in the AGM in the next little while.  Be patient.  It is speculative.  But the pay could be significant.

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Albania.  Well is taking a lot more time and cost than anyone would have liked.  Looking forward to what they say in the AGM in the next little while.  Be patient.  It is speculative.  But the pay could be significant.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.105
Owned Owned
Unknown

TOP PICK
PMI Resourses(PMI-X) 

February 12, 2013

Core focus is in Albania and as well is partnered with Shell in Chile. Shell is paying $25 million for the 1st well and will then pay $23 million for the 2nd, which will be drilling in Q2. Also, paying $20 million for seismic. Also, have operations in Australia and France. Have about $50 million in cash on their balance sheet. $0.60 risk target for the next 12 months.

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Core focus is in Albania and as well is partnered with Shell in Chile. Shell is paying $25 million for the 1st well and will then pay $23 million for the 2nd, which will be drilling in Q2. Also, paying $20 million for seismic. Also, have operations in Australia and France. Have about $50 million in cash on their balance sheet. $0.60 risk target for the next 12 months.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.140
Owned Owned
No

COMMENT
PMI Resourses(PMI-X) 

December 10, 2012

There is not much a technical analyst can value in a penny stock.  He does not know the company or the story.

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There is not much a technical analyst can value in a penny stock.  He does not know the company or the story.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$0.195
Owned Owned
Unknown

TOP PICK
PMI Resourses(PMI-X) 

December 5, 2012

(A Top Pick Sept 25/12. Down 20%.) Involved in 2 high exploration wells. Will be reaching total depth in December. Announced the spudding of the 2nd well. These are light oil targets and are very large. Have a very large light oil focused land spread in Albania. Also, have conventional natural gas land in France. $55 million in cash on the balance sheet. His target is $0.60. Buy on weakness.

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(A Top Pick Sept 25/12. Down 20%.) Involved in 2 high exploration wells. Will be reaching total depth in December. Announced the spudding of the 2nd well. These are light oil targets and are very large. Have a very large light oil focused land spread in Albania. Also, have conventional natural gas land in France. $55 million in cash on the balance sheet. His target is $0.60. Buy on weakness.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.160
Owned Owned
No

TOP PICK
PMI Resourses(PMI-X) 

September 25, 2012

(Buy a half weighted position now and take advantage of any market malaise in Nov/Dec to go to full position status on any weakness.)

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(Buy a half weighted position now and take advantage of any market malaise in Nov/Dec to go to full position status on any weakness.)

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.200
Owned Owned
Unknown

DON'T BUY
PMI Resourses(PMI-X) 

November 8, 2011

In Albania where Bankers Petroleum (BNK-T) are located, but there is a big difference between these 2 companies. Bankers is a well established field, producing for decades and decades. Petromanas is very much an exploration story. There is a lot of risk and the wells are very expensive.
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In Albania where Bankers Petroleum (BNK-T) are located, but there is a big difference between these 2 companies. Bankers is a well established field, producing for decades and decades. Petromanas is very much an exploration story. There is a lot of risk and the wells are very expensive.
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Laura Lau

Senior Por, Sentry Select Capita...

Price Price
$0.165
Owned Owned
No

DON'T BUY
PMI Resourses(PMI-X) 

August 11, 2011

He prefers equities that have dividends. In this sort of turmoil, it will be difficult for juniors to do well. Access to equity financing will become a lot more difficult to come by.
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He prefers equities that have dividends. In this sort of turmoil, it will be difficult for juniors to do well. Access to equity financing will become a lot more difficult to come by.
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Charles Lannon

Director o, Toron Investment Man...

Price Price
$0.195
Owned Owned
No

DON'T BUY
PMI Resourses(PMI-X) 

June 8, 2011

Albania. Very deep, very expensive wells. Pursuing a joint venture partner. Gas prices are higher in that part of the world. Chance of success on these plays is about 3% on these plays.
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Albania. Very deep, very expensive wells. Pursuing a joint venture partner. Gas prices are higher in that part of the world. Chance of success on these plays is about 3% on these plays.
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$0.325
Owned Owned
Unknown

DON'T BUY
PMI Resourses(PMI-X) 

February 9, 2011

High risk, high impact explorer onshore Albania. Thinks they are looking for a partner and will be drilling in Q3 or Q4. Very deep and complex wells. High risk.
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High risk, high impact explorer onshore Albania. Thinks they are looking for a partner and will be drilling in Q3 or Q4. Very deep and complex wells. High risk.
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$0.440
Owned Owned
No

DON'T BUY
PMI Resourses(PMI-X) 

December 14, 2010

Pure exploration company with large Albanian exposure. Going after very deep, very expensive, technically sophisticated light oil targets. He predicts one in 10 success rate. He doesn’t buy exploration unless you get it for free.
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Pure exploration company with large Albanian exposure. Going after very deep, very expensive, technically sophisticated light oil targets. He predicts one in 10 success rate. He doesn’t buy exploration unless you get it for free.
oil/gas
0 0 0 0 0
0 comments
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$0.365
Owned Owned
No

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