I have nothing to worry because I saw the down day with very small volume. By the way, check out the current P/E, forward P/E, PEG, and Tangible Book Value. What is that telling you? Sometimes you need to think long term.
Looks like PDS just follows the market. With nat gas futures under 5 and oil futures essentially flat for the foreseeable future, there’s no big driver for PDS price. If their stock continues to drop there’s a small potential they could be taken private, but probably at a low premium. I can’t see anyone offering a high premium with $2B equity and over $1B debt. The free cash generation just isn’t there. The majors are focusing on upstream, but that doesn’t include drillers. The company is investing in equipment and looks solid with good ratios. But for the short haul it’s probably a cycle trade at best. I’ve been in and out several times this year and am currently holding at a small loss.