Caiman Valores
Contrarian, long-term horizon, research analyst, value

Petrominerales Offers Investors Considerable Upside Despite Its Problems

I last wrote on Canadian domiciled mid-cap oil and gas producer and explorer Petrominerales (OTCPK:PMGLF) in February of this year and since then its share price has continued to fall to now being down by 32% for the year-to-date period. The company is facing a range of issues that is making it increasingly unattractive to investors, with the most significant being eight consecutive quarters of declining production combined with a declining oil price, which is significantly impacting its profitability. Petrominerales' exploration has also performed dismally with no significant finds and growing concerns about whether the company can continue to grow its core proven reserves. Along with which, Petrominerales is facing a short-term liquidity crisis, with considerable pressure to...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details