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$PGPM Buy now hold shares book value .04+ higher share price coming suddenly with news
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
You got it right LionsPride$$$ PGPM Revenue expected to rise significantly with over 800,000 barrels & so is the Price going to surge Greatly
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
Yes $PGPM the ask should be rising to .04 based on huge assets of PGPM just started rising higher levels coming
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
You're right on LionsPride$$$PGPM has Several hundreds of millions of assets company valuations rising stock price rising over .04 & more $$$
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
You're right LionPride Prosper Highest $PGPM charts looking Bullish headed .02-.04 & more $$
Big Buys coming
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM skyrocketing UP .02-04& higher suddenly so buy now or you will be chasing this to higher
You're right LionsPride $ PGPM headed .04 $ higher share Price valuation Higher Rising with news
$PGPM .04 & higher share price Lock your shares don't sell cheap to shorts Time to Buy Big whales knowing the huge bounce coming my bullish view
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
You're right Mac Million$$ $PGPM$$ Great Day Huge Buying pressure building $$$
$PGPM Bullish valuation.04 share price https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM Huge Breaking started .04 plus valulation target Price
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
Time to BUY knowing this has market value over .04 per share Price surging soon with news time to hold your shares smart investing https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM most undervalued .04 + market value going up $$$
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM book value is over .04 per share https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM close .015-.04 with bullish buying
$PGPM undervalued book value over .04-plus higher Smart investing https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM .02-.05 with bullish buying holding shares
You're right $PGPM Running UP suddenly Higher Higher those who want shares will be chasing
$PGPM still worth lot assets just the same few days ago
$PGPM Price surging suddenly with bullish buying pressure worth Multi-Millions in assets https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM Big Bounce coming time to loadup knowing this will surgeup higher prices suddenly my bullish view $$$
$$$PGPM smart investing bullish buying knowing this undervalued
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
PGPM This has greater potential infinitely higher Price than your low thinking
$PGPM Big Breakout worth Multi-Dollars share https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
PGPM huge breakout Price target over $47.00 share Price
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM Market Price over $47.00 share Price https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM estimated undervalued over $47.00 share Price https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM Market Price over $47.00 share 800,000 barrels oil Multi-Millions in value
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM undervalued Market Price $47.87 NPV of $7,259,867. Here are some more numbers:800,000 barrelsMarket price: $47.87 per barrel
Extraction costs: $2,000,000
Recovery rate: 20%
Incredible hidden balance sheet
PILGRIM PETROLEUM COM STK USD1 (OTCMKTS:PGPM) Too Cheap To Ignore
By Jarrod Wesson / in Energy, Momentum & Growth, Momentum Stocks, Stocks / on Tuesday, 23 May 2017 12:27 PM / 1 Comment / 1209 views
PILGRIM PETROLEUM COM STK USD1 (OTCMKTS:PGPM), the oil and gas exploration-development (E&D) company, has recently drawn the attention of the market, as the company share price exploded up the charts on high volume.
What happened?
On April 27, 2017, the company released that it would proceed with its reorganization plans including filing of all disclosures required by OTC Markets, FINRA and SEC. Additionally, the CEO sent a letter to shareholders in May stating the company’s objectives for the future. We believe that both press releases were responsible for the share price jump, thus we will assess them in this article along with the financial condition of PGPM.
Have a look at the market reaction.
Source
Business
PGPM is a Delaware corporation, founded in 1998. Its business objective is the acquisition of working interests and oil and gas leases throughout the United States. The amount of assets and reserves is outstanding. This is the main reason behind writing this article. The amount of reserves as of March 31, 2017 is noted to have a NPV of $7,259,867. Here are some more numbers:
800,000 barrels
Market price: $47.87 per barrel
Extraction costs: $2,000,000
Recovery rate: 20%
Incredible hidden balance sheet
The most amazing thing in this company is its balance sheet, which investors cannot find on Yahoo Finance, but in this recent document. As of March 31, 2017, the company has approximately $48.8 million in investments, while only showing approximately $7.2 million in total liabilities. Some other market participants noted this fact in financial forums. Have a look at this page in the finance forum of investorshub. Additionally, in the same report, it was noted that there are approximately 1,152 million shares outstanding. It means that the total net asset value per share is about $0.03. Let us remind the market price as of May 23, 2017: $0.014.
Recent Developments
On April 27, 2017, the company noted that it would start filing documents required by the OTC Markets, the OTC Markets, FINRA and SEC:
“Addison, Texas April 27, 2017 Pilgrim Petroleum Corporation (PGPM), an independent oil and gas company and parent of Pilgrim Petroleum PLC, is pleased to announce that the company will be filing initial Information Disclosure as Q1 2017 operations and proceed with reorganization plans including filing of all disclosures required by OTC Markets, FINRA and SEC.” Source
The most important information contained in this press release is that the company will start reorganization of the business. In our opinion, it was this fact what excited the market. The only way for companies to commence a turnaround is through the reorganization of the operations and the assets of the firms. Getting current on all filings will go a long way to restoring market confidence and expand the company’s shareholder base.
On May 10, 2017, the CEO put out a letter, wherein the company’s strategy was explained. We were glad to see that the company will be executing more or less the M&A plan that we had thought would best suit the company’s balance sheet:
“The board of directors believe the current transitional period in petroleum E&P provides exceptional opportunities to apply our M&A and operational expertise to acquire and operate quality assets at low prices. As we have done in the past, our focus on reserve value creation and asset divestiture to other entities who will pay premiums for reliable and optimized production, such as Master Limited Partnerships (MLPs).” Source
The market is anxious to see what M&A developments occur. This strategy will surely affect the share price in the future.
Caveat Emptor
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$ZHDM small float with whales buying could go UP Pennys to Dollars Price share fast my view$$$
$MMEX Huge Run starting with News Oil Refineries building time to bullish buying my view
http://www.mrt.com/business/oil/article/MMEX-Resources-forms-strategic-relationship-for-11124900.php
ZHDM low float fast rise from pennies to dollars share with bullish buying my bullish view
$MMEX best time for bullish buying hold your shares & when News Oil Refinery built comes this stock will Surge Higher Higher my bullish view
News MMEX Resources forms strategic relationship for Permian refinery
Published 2:54 pm, Friday, May 5, 2017
Under the agreement, Trinity will assist MMEX with the necessary air quality environmental authorizations to initiate construction of the refinery. Photo: MRT File Photo
Photo: MRT File Photo
Under the agreement, Trinity will assist MMEX with the necessary air quality environmental authorizations to initiate construction of the refinery.
AUSTIN — MMEX Resources Corp. announces a strategic relationship with Trinity Consultants Inc., an international environmental consulting firm that specializes in industrial air quality issues, for its proposed Pecos County refinery.
Under the agreement, Trinity will assist MMEX with the necessary air quality environmental authorizations to initiate construction of the refinery, including the New Source Review Prevention of Significant Deterioration (PSD) permit application required by the Texas Commission on Environmental Quality and EPA Region 6, and subsequent Title V Federal Operating Permit. Trinity will also provide broad environmental support comprising preliminary environmental site feasibility evaluation, permitting strategy development, regulatory applicability analysis, and permit preparation, negotiation, and public participation.
Jack W. Hanks, president and chief executive officer of MMEX Resources, commented, “Plans for the Pecos County refinery are continuing to move forward quickly. Our agreement with Trinity, a world class group of environmental consultants who will be vital to securing the necessary permitting for the project, is the next logical step in this endeavor and we are thrilled to have them onboard our growing team.”
Related Stories
Austin firm announces plans for Pecos County refinery
In early March MMEX announced its intention to build a crude oil refinery in the Permian Basin near Fort Stockton, subject to the receipt of required governmental permits and completion of required debt and equity financing.
This announcement was followed by the formalizing of an agreement with KP Engineering, an energy industry leader in engineering, procurement and construction solutions which will engineer, design and construct the planned project, and an announcement that the two parties will subcontract with Interstate Treating, Inc./RAMA Fabrication, Inc. of Odessa to engineer and fabricate vessels and process modules for the refinery. The latter announcement allows for the Pecos County refinery to be constructed using U.S.-sourced materials and equipment.
http://www.mrt.com/business/oil/article/MMEX-Resources-forms-strategic-relationship-for-11124900.php
$MMEX .26-1.0 today with News
$MMEX ask price over .26 share this morning wow this price suddenly will go UP fast with News
$ZHDM small float skyrocketing fast high price with big buying pressure my bulls view
$MMEX Surging Dollars share like it's peers with bullish new refineries built News on the way buying strong time my invest view
ZHDM-Price moves UP fast multiple pennys to Dollars with big buying volume my view