Although it doesn't seem to have been picked up by Yahoo's headline bot, Tim Melvin, the lone value guy at Cramer's subscription website RealMoney, just recommended PGH at 80% of book, and a bit more conditionally, PWE, and several American NG and coal plays. Melvin is one of the last of the long-term deep value buy and hold investors, who typically waits patiently for years for certain stocks that come up in his deep value scans to come down well below book, or (even better) cash value. He then holds these plays, sometimes for many years, and most of them sooner or later work out for him. Not a popular investment style, to say the least, but a safe and a profitable one. A few of his companies, of course, go bust, but he aims to screen these out by basing his valuation on book value and other conservative factors.
Because of Melvin's exceptionally long time horizon, this is not an endorsement that will be taken seriously by many people, but I believe that many who are patiently holding onto PGH instead of bailing out, may find it interesting nonetheless. I have been following Melvin with interest for about five years now, and once in a while, out of the blue, one of his forgotten and disfavored picks will hit it big, and (ironically) come up on the horizon of momentum traders like Cramer, who, by the time he recommends it, will already have missed most of the run.
Short term be careful. Dont be a reluctant long term investor. PNG, PWE, ERF etc have 10-20%+ run up the last few days since the State departments Keystone report but the POS in the white house is indifferent. Already these stocks are losing steam and can crash back. Losing money is losing money. Be careful out there.