What am I missing about Petrominerales?

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What am I missing about Petrominerales?

Postby Butler » 13 Jan 2012 17:03

This is an oil play, and as such it's been down heavily, about as bad as RIM, in fact, dropping from above $40 last January to $15 before rebounding a little. Earnings per share are $4.43, which sounds pretty darn good to me. P/E ratio is 4.12 which is also damned good. I realize oil is iffy in the short term, but over the long term, it's hard to see how this can miss. Does anyone have an opinion? This oil is in Columbia. Would it make more sense to go with something like Husky or Suncor?
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Re: What am I missing about Petrominerales?

Postby adrian2 » 13 Jan 2012 23:09

Another former Sprott favourite bites the dust?
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Re: What am I missing about Petrominerales?

Postby newguy » 14 Jan 2012 01:03

IIRC there was lots of hype about the thai process and it doesn't seem to work as well as advertised. Shocking.

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Re: What am I missing about Petrominerales?

Postby AMABILE » 23 Jun 2012 14:53

Would you buy PMG now ? 52 wk low....4.3% divy ?
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