"Whatever the excuse the company uses in an announcement, the fact is they have GIVEN AWAY an asset for a LOSS at the very time it will start to produce income."
You could probably use the same argument on GGP shareholders that are selling. At this price everyone is at a loss. And GGP are on the eve of significant boost to production.
If you still beleive in PB, then their has been alot of many spent that will start being recouped. If you think the flow rates will be disappointing then it is time to run for the hills.
Their is the added issue that you also need to beleive they can retain the acreage. Under CDP that could be a struggle, though they have a forward plan and funding plus the temporary extension. CR can probably explain this better.
GGP Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
