Fundamentals of PVD have always looked appealing. Trouble is at...

Fundamentals of PVD have always looked appealing. Trouble is at the moment it's all about the price of oil. Even though it shouldn't have as bigger impact on an oil explorer. Looks as if oil price could see $30 before next OPEC meeting and even lower if they decide not to cut production. Best case scenario I see at the moment is if share price holds above 30 cents while oil price finds a bottom. Then a rebound in the oil price linked with some good news out of PVD on spud date and farm out could see a reasonable rally.
PVD is starting to become an "if only" stock for me. If only they had negotiated a spud date for mid 2014 as we were expecting 14 months ago. If only they had confirmed **on farm out details mid 2014 as originally announced. Hopefully in a few months time it won't be if only the oil price had rallied when they started drilling.