Actually PGN has much more cash and much less debt than DO....If DO cap is 3.3B then PGN rightly deserves to have a higher cap. Also remember with the prospectus deal that PGN will now be financially sustainable no matter how low the oil goes well passed 2019.
I see PGN a five bagger from here and within the next 12 months easy but won't be surprised if it is a 10 bagger. Remember even at 10 times current price it will still be well under 10 bucks whereas it was over 17 bucks just a year ago.
Obviously PGN is going to be on the list of survivors of this oil bust. I have been adding to my shares and plan to hold on to all of them for the long run. I believe this to be the opportunity of a lifetime.
Greece parliament will announce in less than one hour that they have passed the bail out plan. But then what? As Kramer report mentioned yesterday and as IMF has said the debt is just much too much for Greece. Kramer thinks the NBG will be recapitalized and stock will become worthless....