No Press Releases on anything....Keeping shareholders in the Dark....updates only on Q release.... does not inspire a lot of confidence.....Strategic Review a massive waste of time and money.
Harry..I don't have your confidence in RG or Roberts that you have....They seam to want too salvage the company and turn it around....the problem been production growth is not in the cards for at least 4 to 8 quarters out..... And the debt keeps any wiggles room.... nuuns left a big mess that may only be resolved with a Dutch auction of class A assets.
You shorts are going to be in trouble there was enough good news in the last quarter conference call to lift PWE past $10 by end of the month. There is no downside below $8 You had your chance to cover so get on board
Sentiment: Strong Buy
Until they have a better way (pipeline?) to get the oil to market, this company will stay about where it is. I lost a lot. I was in from the Conroy days. I'd jump back in in a minute if the transport situation changes. PWE has a lot of oil in the ground.
I right with you kisco62, I bought in as a Royal trust and got stabed in the back by harper and his cronies. I have shares that cost me $27.00. The div. was the only reason I didn't sell and now that has been reduced. I have cost averaged down to $15, but being 70, I wonder if I will ever see a profit in this stock. I'm hoping for a buy out around $25, but I'm not holding out much hope for sale any time soon. What they need is a pipeline line to the west coast to sell to Asia.
Sentiment: Strong Buy
So does buying 127,000 shares in the open market at prices from 9.11 down to 8.55 inspire confidence? That's over one MILLION dollars of his own money. Good enough for me. No one has confidence in this company EXCEPT the people buying in big blocks when it's down 25%. Things that make you go hmmm....
This is RG.... His summer cottage is probably worth 6x that..... these insiders buys are insignificant in size... Look at Icahn..took 6 % of the float on TLM in one swoop.....Theres the difference in confidence.
"No one has confidence in this company"....FINALLY, something we can agree on, wxman! WHY would anyone have ANY confidence in this company? I'm hoping he's buying because PWE has already been approached by potential acquirers....
Keep the faith, brother! I admire your consistency, if nothing else.....