Home > Boards > US OTC > Delisted > Petroamerica Oil Corp. (fka PTAXF)

You may see a move in it shortly

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
insomniac Member Profile
 
Followed By 1
Posts 273
Boards Moderated 0
Alias Born 05/20/09
160x600 placeholder
insomniac   Thursday, 04/17/14 11:52:09 PM
Re: buccaneer1961 post# 18
Post # of 81 
You may see a move in it shortly ,as they have.35 warrants expiring on may 9//.(it saves the company a lot of cash.) The problem I see is that they get almost all of there oil from one well ... Worries are that the well wIll deplete. thus the very low stock price... There cash rich , which is better than having to have to finance your exploration, however a company like this has to use that money and make bets that theyll make more than they spend..Only results will tell going forward. I own some and watch it daily, but Ive been very disappointed with it so far, especially considering that that the oil sector and that market in general( excluding the last couple of months has done much better than this stock.. It sells for a very low price vs there peers but everyone knows that ,, Its not a secret nor is it an undiscovered security as its followed buy a couple of note worthy brokers.. I dont think there is much downside to worry about in the next couple of months.. after that , its gonna depend on there plans and there success going forward. If your looking for a trading stock , this is NOT where you wanna be.. unless you wanna play the anticipated warrant expiration event .

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist