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Petroamerica Oil Corp V.PTA

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  V.PTA.WT | V.PTA.WT.B

Petroamerica Oil Corp through its subsidiaries is engaged in the exploration, production and development of hydrocarbons in Colombia.
Price: $0.33 | Change: $0.00 | %Change: 0.00%
Volume: 435,185 | Day High/Low: 0.335/0.33 | 52 Week High/Low: 0.38/0.255


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0 stars

RE:RE:PTA = Billion Shares & 10 For 1 Reverse Split .29 Cents $2.9

Good post mrpanick.  I tend to agree with shlinker on the consolidation that 10:1 would be the most realistic, putting us at 85,000,000 shares.  I keep hearing that consolidation usually drives the...read more
0 stars

RE:RE:PTA = Billion Shares & 10 For 1 Reverse Split .29 Cents $2.9

Mr. Panick, good post, as its true, PTA is under-valued. But wouldn't a 10;1 make more sense than a 20:1 reverse split? If PTA had 85 Million shares outstanding and a SP of ~ 3.30, wouldnt any further...read more
5 stars

RE:PTA = Billion Shares & 10 For 1 Reverse Split .29 Cents $2.9

They have about 850 mil shares which puts the market cap at about 260 mil USD. Figure 10 mil more cash than debt which puts enterprise value around 250 mil USD. They are at 9,000 boepd already and let...read more
0 stars

more

maybe I am an optimist. but I think I will buy another 500000 shares to add to my 1.5 million.  rate and reply
5 stars

Looking forward

Looking forward for 0.40 + by September.. Huge operational update expected with 1) increase revenue, 2) production, 3)reserves, 4) drill updates... expecting an updated report by TD also once this is...read more
3 stars

PTA = Billion Shares & 10 For 1 Reverse Split .29 Cents $2.9

PetroAmerica (PTA) is Planning a Reverse Stock Split 10 shares for 1 soon, as Billion shares at .29 cents per share soon.  Thus $2.90 PTA Soon after 10 for 1 Split. Cheers Thedave on Stockhouse...read more
0 stars

RE:RE:RE:RE:RE:options non-action

With their balance sheet and cash flow, this company should be able to get a bank credit line at a much lower interest rate (and without any equity sweeteners) than what they are paying on the bonds...read more
0 stars

RE:Parex

Share price is down due to EU sanctions on Russia, Argentina Debt Sage, and S&P being -2% today imo. US S&P is in for a potential correction / investors - in general - are pulling out from stocks.  rate and reply
1 star

RE:RE:RE:RE:options non-action

I ll say this..I believe there will be an equity financing by end of 2014.. Refi? Should have been done ages ago in combination with an equity financing... Standard line of credit?? far too expensive,...read more
0 stars

RE:increase the cash flow ,dump some of the load

Olejos, they had significant production and cash flow at Suroco. Both were ramping up quickly prior to the acquistiion. Don't think that's a real "problem".  rate and reply
0 stars

RE:RE:RE:options non-action

They aren't planning to sell equity. They've already said they are planning to refi the debt. I expect that as a larger and more diversified company with strong cash flow, they should be able to refi...read more
0 stars

RE:RE:Parex

...and what are your guidelines for that? Smartguy!  rate and reply
0 stars

RE:Parex

coastline69 wrote: Is not having a good week!! When do we see that hot money enter PTA?or is it starting....You'll know when there are more buyers than sellers  rate and reply
0 stars

Parex

Is not having a good week!! When do we see that hot money enter PTA?or is it starting  rate and reply
0 stars

RE:RE:Disappointing performance

C'mon dakota22, don't you know that rapid fire, winter, and of course the dave are the most credible posters here. The 3 of them are taking PTA management out for lunch tomorrow to discuss their views...read more
1.5 stars

Where is CAPEX?

33.5 today....  rate and reply
0 stars

RE:Disappointing performance

rapid_fire_ wrote: The SP has always been a struggle with PTA.... I feel the SP should be double what it trades at .... The street is not in line with my thinking.  .....You should do something about...read more
0 stars

RE:RE:RE:options non-action

1320racing said..here's no way PTA will come close to looking credible to the market if it is carrying a billion shares on the books and management knows that. Shareholders might as well come to terms...read more
0 stars

RE:RE:RE:options non-action

Instituional players are already here.Check the black exchange volume for the last few weeks  rate and reply
0 stars

Selling

With an update imminent early next week it is surprising to see the number of shares in the Ask.  In the big picture it may not be that many but who is selling at this point and why?  rate and reply