posted on
Jan 07, 2008 10:03AM
Welcome To The Petrolifera Petroleum HUB On AGORACOM
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Message: Re: 2008
Jan 03, 2008 05:07AM
what could you expect taking into account the following:
1. Management issued tons of stock options to itself and sold it right away, so their total position is minus 11 M or something. They don't believe in their own stock!
2. A nice policy to publish the expectations and assumptions in news (i.e. rigs arrival) and fail them most of the time?
3. Invest money to the securities which you will not get as a return soon. I would fire the financial advisor for sure.
4. Get thunder form the sky as an Argentina tax policy change. If you are drilling in the such country, you better no what is suppose to happen and concentrate efforts on the other pieces of business.
So I don't even need to make a conclusion about PDP. It is pretty much clear. I would not be supprized if they will be sold soon.
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