Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
VOG.....They do not wear sombreros in Argentina, only in Mexico and Hollywood pictures. Anyway, I still hold to the theory that PPC's 2nd rate management team put in place by PL is, and always has been the cause of the poor SP. Maybe it is just PL's style. I don't even know much about our new CEO, Daniel Musri! But the stock market does for sure.
However, PPC's future has shown to be promising and interesting, indeed. Even more so now than when I got in, in 2017. So lets see.
grsshaw.....What should be remembered in relation to SP is that PL, though he got lucky once in Russia with an oil strike is not, nor has he ever been an oilman. By trade and education he is a lawyer. This is reflected in the long suffering SP. If I could ask PL to do one thing it would be for him to search for a smart oilman to run the company. Just the name and reputation of such a person alone may increase the SP. imho
Flow rate never did a thing for President's SP, and they have been around since 2004. Better look toward Paraguay and pray. Now that is a "game changer." imho
Sell now, get back in at 1p.
Seawolf......google a list of companies in this same business sector and you will see most of them are not making any money, but their SPs are up. It is a paradox.
Steven....Who knows as to why Trafigura jumped into the luke-warm waters of President, except maybe Traigura knew about Atome coming before anyone else. Anyway, I think President will have an excellent year.....10p plus by Sept.
At least the o/s count, for now, is not too bad. But wonder what it will be in a year from now? I wonder!!
Louisiana light crude $82.06.
Northern, a quote from J. Paul Getty, the rich petrol-industrialist.....Buy when the blood is running in the streets-----
PLEASE Mr. Levin.....no toxic notes coming! OK? Are you listening!? Thank you, sir.
PARAGUAY.....PARAGUAY, the dude has to drill in Paraguay in order to save this Mickey Mouse company with all of their old work-over wells which has no impression upon any stock market. So this is what we get.....a 2 penny stock and 2B outstanding shares.
Still STRONG BUY at www.barchart.com. Those pics of wells, are call stripper wells in U.S. Wells that pump between 5 and 50 barrels of oil a day. The question is, are they before or after work-over? And just how many of these types does President own? When you think about it, there is not any information in the pics....
STRONG BUY.......www.barchart.com
wti $50, 10 1/2 month high on saudi production cut and eia crude inventory plunge. barchart.com, 6 jan., 2021.
588 BOEPD X 365 days is 214,620 barrels of oil a year X $40.00 per barrel is $8,584.800.
The sp shall remain in the dumpster because the whole oil-and-gas sector is out of favor. And also, it takes time for the market to absorb all of the new millions of shares added. The good thing for now is, with the time given, there is the opportunity to average down if one is able to do so. No way am I selling any of my shares.....imho 2021 will be a big year for PE.
Last month J.P. Morgan analyst predicted oil at $194.00bbl by 2025. Cautious optimism and many good things to look forward to for President and shareholders. imho
Louisiana light up 2.7% at $36.20/bbl as of 26 May 2020. Would like to see PL increase interest in Louisiana oil fields as it would lower over all risk in President, and reflect greater interest in the stock market. Do not know what the break even price per barrel is for PPC. Another Louisiana oil stock I have the break even price is 20 dollars.
Louisiana light up to $50.91bbl as of 20 April. Source: www.oilprice.com and www.eia.gov
Louisiana light sweet crude trading at $20.50bbl yesterday. I think we are in good hands as long as there is no r/s and there is no PPC take-over. That is my only two fears. Just a side note. Chesapeake Energy, a large oil/gas U.S. firm, just had a 1 for 200 R/S. But then, they had over 10 billion common.....now 9.5 million. They are heavy in Louisiana, Texas and Oklahoma. And have been selling off assets. Would be nice to know if PL is looking over the landscape in the states.