I'm intrigued to see that past CEO of Suncor is now with us, along with expertise from Canadian National. about time we get some leadership to help PWE become what it is capable of, not what's it's been doing. I'll continue to hold...the potential here way outways the risks at these price per share. Even for naysayers who call this a 'gamble'-- I'm looking at upwards of $20 per share gain potential over the next 2 years, with no foreseeable way we'll ever be below $7 pershare. Company is finally gonna get it's leadership right, and set thr groundwork for returning to being a profitable, mid-$20 per share holding by end of 2014 IMHO. The current dividend might get decreased for a time if they have to...but I'm fine losing a bit of a divident to get the balance sheet straightened out and have us return to $20+ per share!
Did you see that the Suncor is a director of the Royal Bank of Canada? RBC owns 45 millions shares of PWE. This is great. These folks are going to make sure that they get value for their investment. I just love incentive plays like this. I could not be more pleased.
One of best pieces of investment advice I've ever heard was that there are no good or bad stocks, just good and bad stock prices. You may be right about PWE compared to competitors, but around $9-10, this stock has more upside potential vs downside risk. The trend is your friend and the trend is up from here.
Typically moronic response, Infinitwit. You obviously have no clue what a board of directors does, do you. They aren't running the company, and they don't get involved in operational decisions, and they don't tell the CEO what to do. In short, operationally, things are not going to change. However, cheer up. These gents know how to save a dime and the first they WILL do is recommend a dividend cut. Sorry for your pain, Long and Dumb.