Nice, anybody knows who buying? I've said this several times in the last year. Energy is a lagging indicator. After the cattle on WS stops picking at the bones of the S&P they start to look at stocks like PGH with more meat then fat on the bones.
PGH has acted well (outperforming) for many months now. It would appear to be a great takeover candidate. If KEYSTONE finally gets approved by the obstinate Magic Knee-Grow - PGH should triple within 18 months.
Meanwhile, the executives are doing everything right at PGH. They respect shareholders as well. This stock does not deserve to be priced under 10 dollars. It is certainly undervalued by the Street right now. But, then again - Wall Street doesn't "follow stocks" under 10 bucks - right?