It seems to me this has been the real question of lately. Do we beleive the company has the best interest of shareholders?
I'm betting YES, and we will find out on Wednesday. They have to much they are working on for it all to be a smoke and mirrors. With specifics about their reserves, the depth of the wells, the amount of steam used in each horzontial drill. You just can't make this up, sorry shorts you will have to find another stock :-)
PV is their only real asset. The gold play is the biggest story in the world. They pull that one out every time they have trouble on the oil side. Just go back and do a little DD to see for yourselves.
I will say it again.... That was under the old management.... Totally different company now... Mark my words... The shorts here keep mentioning the past under the old management. I don't think shorts will do as well as they did in the past.....
I agree. The old CEO added a lot of overhead that the new CEO cut and the old CEO started selling assets that included leases, the calcium mine in CA, the drilling rigs to make short term profits. The new CEO has done a good job so far cleaning up the mess and starting to grow the company. He seems to just state the facts of what is going on and what is planned