We lost a lot after the last quarter. I believe that this was a mistake and that PWE should not have dropped like it did. In fact, I believe that the management has a good plan and that is why I bought 350 $7 Jan 16 calls.
I believe that we will be back up to around $12 not long after the next quarterly report. BTE and PGH have been gaining and so I also believe that we will go past the $12 and up to the $15 range by the end of the year.
My calls are going to make a tidy sum. I still think that the calls are cheap but do your own DD.
Sometime check out the company website. All positive. With the head count down 35%, George doing what needed to be done, drilling consolidated to the best areas, favorable pricing [which will be better when the global economy recovers], weak Canadian dollar, extended drilling season, insider buying, etc. etc. Your calls should do well. I'm going to just hold onto my shares. Ed
I own a lot of PWE....I mean a lot...And I am not selling a single share until it gets to a minimum of 15. And even at that level I might decide to hold depending on market conditions...Anyway , this Management team knows what it is doing...It is a slow build and I hope it stays well under the radar for as long as possible! No hype intended.....At these levels its still vastly undervalued......JMHO D
For the last couple of weeks it seems every day PWE goes up more than BTE and PGH and on down days it seems to go down less. It seems that there is a lot of upward pressure on PWE.
Along with my My $ 7 Jan 16 calls I also have 85 $9 June 14 calls. I am under water on those as they cost me $.55. I was pretty sure that PWE would be over $10 when I bought them, now I am more hopeful than sure, but I still feel I will make money on them.