PCL 2.63% 2.0¢ pancontinental energy nl

General Thoughts, page-362

  1. 10,189 Posts.
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    I don’t take advice from a IOU pumper that knows nothing. Woodside is doing seismic on a potential well like every other big boy. If they find it they give you 20 percent and if you don’t fund the wells with them they give you 10 percent. Namibian government takes almost half in tax and royalties meaning you’re left with 5-10 percent. You’re a pumper trying to make a buck and you will.

    There are tons of day traders buying this up thinking they can dump on the seismic thinking it’s a discovery lol when it’s not far from it
 
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