I've owned this dog for about 8 or 9 years now. I think my first small purchase was in the $14 to $16 range and have since added quite a bit more in the $6 to $6.70 range over the past 3 to 4 years. Now that I can see Lindberg getting closer to actual production coming on line I'm going to be adding a significant amount more when it gets back into the $6 range (and it will).
I read most of your recent posts on this board which were mostly negative towards the company and it's management.
Are you adding to your position in Pengrowth because - in your opinion - the company is a dog or because management is incompetent?
Sentiment: Strong Buy
don't do it this company is all smoke and mirrors they sold assets, then distribute cash and call it a dividend?? dividends come from earnings this company does not earn money, their distributions are a return of capital. they have NO handle on costs, and will probably continue to show "cost overruns" to mask other problems. beware!
are you asserting the BOD and the Public Accountants are guilty of fraud?
are you asserting that the deposits in my account are not real, that there is no product, no demand, no resources?
I completely agree Frank, I've tried to tell this bunch over and over the same thing, but they don't want to hear it. I seriously think several of the posters on this board are PGH employee's, because nobody could put as much blind faith in management as some here do. Management has nothing buy there own self interest in mind, and like we just saw, the numbers will slowly and surely find them out, and they know it.