David Dreman owns 2078400 shares of Parallel Petroleum Corp.. As of September 30th, 2007 PLLL was up 8.52% over the last quarter, composed 0.23% of his portfolio, and he controlled 5.43% of the company.
While I'm bullish on almost all the oils, this one is different. EV/EBITDA is way too high - in fact, it is too high in almost every "value" measurement I could find. That's o.k. if they somehow have a secret key to unlock golden reserves - and maybe… More