We know PYM has a great future. I'm mainly in options so I need major price action to make them worthwhile.
While I expect that PYM will do very well in the long term, we are suffering the aftermath of the GDN fallout - all companies drilling for gas in the USA - many in much better areas - are being sold off due to the very bitter taste in the mouth from the GDN debacle.
FPOs Options
35c 12c
40c 14c
45c 16c
50c 19c
55c 22c
60c 26c
65c 30c
70c 34c
75c 38c
As you can see I need about a doubling of heads price to get a decent options return. I'm not going to try to sell options at 11c though (which is the highest bidder, and even then only for a few shares).
Lets hope they bring home the bacon by May 2008.
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