Pedevco Corp. (PED): When I step back, that whole production...

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Pedevco Corp. (PED)

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Re: chemist72 post# 5713

Friday, 03/13/2020 8:17:49 AM

Friday, March 13, 2020 8:17:49 AM

When I step back, that whole production looks like an investor presentation to me. I wouldn't be surprised if PED did another PIPE and Kukes and Co bought most of the shares. It looks to me like he's wanting to build a much larger company, and these low prices are just what the Dr. ordered.

I'm guessing a lot of their current production is hedged for the time being. And when the hedges run out, I bet Russia and the Saudis agree to cut production.

Meanwhile ... no panic in the oil patch ... I've doubled my PED position in the last month.

https://www.nytimes.com/2020/03/13/business/energy-environment/texas-oil-prices-coronavirus.html

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