World economy is doing so so with Asia and South America supporting most the load. American economy is a ponzi scheme. The lousy job numbers do NOT support anything the media or the Obama administration is putting out. Lots of propaganda right now. But PDS is a Canadian company and appears undervalued.
oil forecast from EIA and gas forecast both down big for 1-2 years... and supposedly last months 10% increase in oil prices is slowly going to get peeled off bit by bit... I would say PDS stock price is acting according to that IMO.
earnings could be bad... but not sure, what is your opinion ont he one time charge offs?
lesser capex is mainly going to dividend so won't increase bottom line earnings IMO
I'm not versed in how the charge-offs effect p@l. I think it goes as a one-time charge on the bottom line. Tax implications I don't know. Anyone?
However, I'm glad the bleeding has stopped today(so far anyways). With some good news on earnings next couple of day's and a good report from China on Friday, maybe we'll get close to 9 soon-bring on the cold weather!