Josef SchachterPetromin Resources LTD.PTR.H.VDON'T BUYSep 11, 2007
Not a fan of coal bed methane. The highest cost production for bringing on natural gas. Offsetting that is that once you go through the 1st phase of decline, there is a very long life asset. Doesn't care for a long life asset when there is a lousy commod
The chart doesn't tell a lot. Looks like it is stuck in a trading range. The MACD had registered a Sell signal a couple of weeks ago. Trading has been halted, so whatever story comes out of this may reverse the MACD. Volume indicates it is being accumulated.