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Gold/Mining/Energy : Petrolifera Petroleum Limited PDP.TO
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From: Condor6/27/2007 11:14:46 AM
   of 62
 
Cannacords Pescod comments of last night:

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++=
One story to be watching is Petrolifera Petroleum, which
was one of the success stories of the decade after its debut
back in the fall of 2005. A ten-bagger within a year because
of their successes in Argentina, the stock has been selling
off lately due to profit taking and a few little disappointments
in production levels (because of unavailability of
rigs). But Dick Gusella today suggests they are “still targeting
21,0000 barrels of oil per day from Petrolifera by year
end, which would be a huge accomplishment and would
justify a much higher price for Petrolifera.
But if you are hoping to scoop up Petrolifera cheap over
the summer, you are not keying on Argentina anymore, you
are probably becoming aware of the size of the targets that
they will be drilling in Peru, probably the first quarter of next
year and when people find out about that size...people will
care.
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