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Royale Energy Inc. Message Board

  • fastball.98mph fastball.98mph Apr 7, 2013 12:19 PM Flag

    PDO

    It looks like the management of low float favorite PDO is intent on liquidating. The company has drilled a total of 3 wells in four years and this year they plan to drill at a deeper depth on two existing wells in Q3. It doesn't get more exciting than that! Meanwhile, the cash, cash equivalents, and CD investments is piling up to $7.1m earning 2%. This is easy part-time work for the chairman earning $100k. Michael Herman made a fortune in 2008 selling the stock after it spiked to the mid $30 from $2. Even though the market is bored of this stock, as it trades 4k shares per day, it's one to keep an eye on. I could see Herman eventually taking it private and pay himself a special dividend.

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ROYL
3.54-0.22(-5.85%)10:11 AMEDT

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