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Petrominerales Ltd PMGLF

Sector: Energy | Sub-Sector: Oil & Gas E&P

Price: N/A | Change: N/A | %Change: N/A
Volume: 0 | Day High/Low: N/A/N/A | 52 Week High/Low: 11.65/4.90
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0 stars


Wright and Ruttan have zero credibility in the market today IMHO. They are very good at paying themselves very well though... we are the suckers!!!!  rate and reply
0 stars


 John Wright and Corey Ruttan will be at the head of the new co, Market will interpret their presence as something very bearish. Nobody to explain that to these people ?  rate and reply
0 stars

RE:Resource Co value

New Name - Alvopetro Energy Ltd.- ALV to start trading in 4 to 5 days, they have already spent some money on the acquisition of 4 more blocks in Brazil for an undisclosed price. They had 118 mil. more
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I don't understand why we get $40 a bbl for oil in Alberta. Oil is leaving the province and someone is making the profit. Maybe oil is so abundant that the posted price is false, only available more
0 stars

Petrominerales Sinks into Red in Q3

Summary Update:  rate and reply
5 stars

Resource Co value

Hi everyone My thoughts on the value of the new ResourceCo should be over $1.28/share as that's what they have in cash and operating budget alone when they hit the ground running! Now add more
0 stars

RE:RE:RE:Re: Market Price

I'm wondering if its worth holding on til the takeover and see what the new resourceco stock does, or just get out now. Hmmmm  rate and reply
0 stars

RE:RE:Re: Market Price

The latest press release indictes an additional 18 million to Exploreco as the assigned operating budget for the assets spun off in this deal. Had 100 mil and spent 10 indicated 90 mil cash and more
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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:A little puzzling whats going on

No issues there, dreadlord. Even though they're primarily ex-PDVSA (Venzuelan) guys, PRE is a Canadian company headquartered in Toronto. Regardless of who may have bought them, PMG does not more
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RE:Re: Market Price

Even if they can't find "oil at an Exxon station", they still have the land holdings and RBC considers this to be worth $1.80.  Discount that by 50% and you get cuttent market. more
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Re: Market Price

The current market price represents the $11.00 per share plus the 50% valuation of ExploreCo due to the lack of confidence in PMG management. The market thinks these guys are a bunch of clowns more
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  [Marketwired] ________________________________     []     Petrominerales Ltd. TSX: more
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RE:RE:RE:RE:RE:RE:RE:RE:RE:A little puzzling whats going on

Do any red flags jump out as possible reasons that this deal might now close?    I know Canada has before blocked foreign takeovers.  Does this raise any of the same issues? more
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Petrominerales update

I just received this    [Marketwired] ________________________________     [] more
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RE:RE:RE:RE:RE:RE:RE:RE:RE:A little puzzling whats going on

Thanks for the response. Gives me something to think about.   rate and reply
3.5 stars

RE:RE:RE:RE:RE:RE:RE:RE:A little puzzling whats going on

If you sell right now you get the market price - $11.85 - as I type.  If you hold until the closing date, you get $11.00 PLUS a share in the new company that is worth an estimated $1.80 (per RBC) more
0 stars

RE:RE:RE:RE:RE:RE:RE:A little puzzling whats going on

I was just wondering if the take out price is going to be 11 dollars , why people are willing to spend above that price?  Also does it make sense to hold onto this when it is trading higher more
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RE:RE:RE:RE:RE:A little puzzling whats going on

$11.70 x((1.35)^(3/12)) = $12.61 or 8% every 3 months compounded for a year is roughly 35% per year.   rate and reply
3 stars

RE:RE:RE:RE:RE:Canacol energy Next Colombian Buyout PMG $11

.  rate and reply
0 stars

RE:RE:RE:RE:PMG CEO Corey Rat tan Really Messed Up Needed To Sell

Poor CEO PMG Corey Rat tan Canacol energy Next Colombian buyout.    rate and reply

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