Yes, sorry. I just got a little lazy.
For every stock I mention here I very determinedly try to post or reference something brief about why I consider the stock a value. Or else I post it "ot" if I don't see it as a value play.
Mixed signal on PBEGF. I'm averaging up, so value proposition somewhat diminished with the higher price. If oil prices come down, then it's iffy to me if the stock is a value play.
OTOH, if oil prices hold over say $90, for the price you pay now for the stock, you get long-lived reserves, a Bakken player, exploration in Colombia (one of the few companies that I can buy easily (It's outside of the Colombian stock exchange.) to play the growth of Colombia (aside: also [t]CIB[/t]), and there's PBEGF's patented THAI process (a new combustion technology for underground recovery of bitumen and heavy oil).
I have held this stock since 2005, and I recently (and maybe too late) decided to up my shares. Jumping up my position from April through now as stock has moved up.
petrobank.com
Jmo, wrong though it might be. |
