Here's recent news mentioning PNRG - "PNRG Makes Bullish Cross Above Critical Moving Average" - http://yahoo-finance-tips.info/PNRG
I've got my sell set out there around 61/share or so. I assume with the low low float they have a good chance of a quick double / triple if we ever get noticed.
Possibly whoever is slowly buying puts out an analyst upgrade or something to spur interest.
What other stocks are you holding currently in the oil sector?
This stock is not followed...closely held but someone is buying a little every day......a couple of quarters ago, they earned a couple of $ per share with oil at $75. I do not believe they have any hedged positions other than gas.....Their leases are in the right areas of the country and they provide oil service work.....the small volume while small is very unusual....someone is buying
Is their leasehold expense the 'other expense' category, and the reason why their end of year took a dive?
I probably should have done more DD first, but just looking at them skipping around 20 for so long I figured why not, and it hasn't turned out so bad yet...
I own at 20 also-----only negative on this stock is that they have large leashold expenses meaning they don't own alot of land...they have to pay alot of $ to just drill...but this stock was $80 a few years ago
So when is the volume on this one going to spike up? Been holding since around X-mas at 19.31. Absolutely no volume, yet it's up almost 50% since then.
There is almost no float, insiders own most of the shares, and the income statement looks nice (except something in Q4 of last year).
We just need some exposure to get this moving...