PYM pryme energy limited

Having just entered (tried to pick the best entry point) I'm not...

  1. SBC
    1,006 Posts.
    Having just entered (tried to pick the best entry point) I'm not a frustrated holder, but my experience from previous oil and gas stocks is that they start to move once they start drilling (and especially after their first positive intersection).

    If you looked at GDN that company was a virtual flat line prior to drilling Paradox. However, the movement in GDN was extreme and primarily driven by the reported size of the target (3 tcf, 100% owned).

    Now, Raven is due to be underway soon, so hopefully that will provide some interest (however 2 bcf (40% Pryme) a well may not set the sp alight), but Turner Bayou is more significant and any major move may have to wait until that campaign is underway.

    Overall, I like the mix of their projects and their portfolio looks well thought out.

    Should get a bit more interesting over the next few mths with any luck.

    Cheers
    SBC
 
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