Jay Taylor, in the Oct. 15, 2014, edition of Gold, Energy & Tech Stocks, says sell PetroFrontier Corp., recently 4.5 cents. Mr. Taylor said buy on Jan. 16, 2014, at 26 cents. Assuming a $1,000 investment for the buy, selling the position at 4.5 cents would yield a loss of $847. Mr. Taylor says he was willing to hold on to the disappointing PetroFrontier a while longer in the hopes that Statoil Australita Theta BV, its joint venturer, will continue with phase 2B of their farm-in agreement. With the counterclaim filed by Macquarie Capital Markets Canada Inc. however, the editor sees no need to stick by this underfunded company when it goes up against a money-printing machine like Macquarie in court. Take a tax loss and sell PetroFrontier.
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