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Pengrowth Energy Corporation Message Board

  • rcunj rcunj Jan 22, 2013 11:39 AM Flag

    Is BK around the corner?

    Told ya! Down and down every day, nothing stops it and not a word from management. PGH will go bankrupt if this trend continues as the stock price will soon be $0.00. Where did all the PGH pumpers go now?

    Sentiment: Strong Sell

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    • The trend is certainly not your friend. Doubling down is not a very good idea.

      Sentiment: Strong Sell

    • he is very wise and knows the future!! He clearly understands how to read financial forms and does his due diligence. He understands the oil and gas business (most likely he is an executive with a major firm) He understands that a stock will go bankrupt based on it's share price and not it's cash flow---we should be in awe of his financial wisdom-----please provide further wisdom ---AND SAVE US ALL FROM FINANCIAL RUIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
      FYI---I jumped back into PGH a month ago and like the future "To buy when others are despondently selling and sell when others are greedily buying requires the greatest fortitude and pays the greatest reward" SJT

      Sentiment: Buy

      • 3 Replies to cwbreck
      • Sir John Templeton, if that is whom you are quoting, always took fundementals into account. He was the one who, when the Dow was in the 800's predicted it would reach 10,000 by year 2000, did so on the basis of the total maoney supply. I now this because I was a Registeed Rep in the Mutual Fund business back then, and I studied his work carefully. Sir John was always very careful to pay attention to trends, true value and monetary fundementals. His referrence which you quote and similar ones from Buffett are onyl applicable during market panics and market wide downturns. As maxims, they are not applicable when a compnay or sector are out of favor for valid reasons. There are many valid reasons why PGH is currently not attracting interest. However, irrational emitional reaction is not one of them. Rather, the reasons PGH is down are very rational and therefore, it's not sound to be contrarian into this name now. The right time to be contrarian is into sound companies, whee the macro trend is up and the market is in a funk, such as a panic or marketwide sell off. SJT, as you call him, invested into Telephonos De Mexico at .15 a share, based on the demographic and technological trends of the time. There are no trends favoring PGH similarly at this time. There is no valid reason to expect an influx of investor interest any time soon. as an alternative to PGH, I've previously recommend DHF on this board, and I will do so again. Or, if you want something from the Franklin Templeton family of funds (SJT personally saw to it that Templeton would merge with Franklin, assuring Templetons' continuity after his passing), the take a look at FT or GIM. Those points having been made, I strongly urge you to consider bailing on PGH and shifting to NOK. The money is close to the same and a poweful trend is building in NOK. If the market reacts well to the NOK news on Thursday 1/24/13, this might be the last time you can get an even exit from PGH to NOK.
        Please consider what I am telling you, PGH is a value trap for the forseeable future.

      • That's right, and down she keeps a going. Oh, and since you jumped back in a month ago, how far are you in red today with that wise investment? You should buy more now, and next month you could double your losses! Don't that sound like fun?

      • Amen

        Sentiment: Buy

    • no but a large reduction/removal of divy probable if management thinks BK on the horizon They will protect their behinds...still on downtrend my guess ?? do not have one either 10 in several years or zippo if their plan fails 6 if a takeover HOLD why not? tis a gamble

      Sentiment: Hold

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