I would caution everyone to think carefully about the "value" of the existing pit and the new pit.
First, those that know me know i'm VERY long and strong. PBLS is my largest holding ever.
But, be aware that the pits make the balance sheet grossly inflated. Theoretically, a $1 BILLION dollar pit (asset & revenue wise) might only be worth $10 profit. Hell, it's possible the old pit owners PAID pbls to take the pit from them... Imagine if it was contaminated land with $1 billion worth of S&G one mile deep. The balance sheet would reflect $1 billion... If they sold the S&G the resulting revenues would be $1 billion... but maybe it costs $1.5 billion to dig it out, for a $500 million loss.
Think about it.
HOWEVER, i am very excited about the current pit and the new acquisition. PBLS is so vertically integrated, they'll be making money selling the S&G, shipping the S&G, and then pushing around the S&G wherever they dump it. Imagine it's for a new house that needs some land fill. Then, they build the house, outfit the house, put in a pool, and then sell the house.
All in all, you're looking at like 10 middle-men from start to finish... AND ALL THE MIDDLE-MEN ARE OWNED BY PBLS!!!
We've got one hell of a company here with amazing prospects and future. Just be aware that the balance sheet will be vastly inflated.
blitz
AI
Market Data 
Markets 
