No I'm a buyer right here, of at least 1300 shares. But not all at once. Just bought the first 260 at 20.80. If it goes lower I'll buy in more. The last thing I did in this stock was sell 460 shares 23.09. So from my perspective the stock is 23% cheaper.
Yes I know the price of oil has gone back to around $60, but the stock has declined accordlingly and we never priced in the rise in oil and NG totally.
Plus the stock is down 1.61 for the day. To much bearishness in the short term.
Agreed on the phase in with PGH. Maximum pain theory holds that the MMs will attempt to expire the most options worthless Fri which means an assault on under 20 if possible. Actually might be possible now. Might take another triple digit down day to get there, but scooping up a few shares here and there in the 20s was a no brainer. Back up the truck if it ever creeps under $20. Holding a little powder dry for that blessed event, should it happen. Good luck.