Powder River Petroleum International Inc (fka PWDR)

[Milen]

tricoast1 my guess is similar to yours => Under $0.30 unless the 3Q is surprisingly good

My guess is the 4Q and 1Q will be very strong. You have oil prices hitting record highs. NG is picking up since the winter season is coming. I read few articles (can send references if you want to read) the NG prices are expected to move above $8 during the winter season. In addition, the oil prices are expected to remain over $70 during 2008 and the spot price of NG is expected to average 10% higher in 2008 compared to 2007.

We have the production now and new wells are being drilled. I'm still bullish long term. However, I stopped adding since the 3Q results most likely won't be great and the stock may deep a bit more to may be as low as $0.16. I guess it doesn't make sense to add now if I can add more at lower price. Since I'm not sure on the 3Q results and how the market will react I will not sell either. So I guess the smartest thing to do is to wait.


This are my thoughts...