LOL...scum bag attorneys need something to file a claim about, the only way they make money.
There is always a class action suit about something. I remember in March 2009 there was one filed against GE (General Electric). The world markets panicked, GE cut their dividend as quite a few companies did.
So the dirt bag attorneys file a suit saying GE cut the dividend and the price of the stock fell.
That was just sheeple selling off, made a good buy on the bottom. Just as the sheeple sold off PVA, makes this an incredible opportunity to buy.
The attorneys could care less about teh facts or merits of the case, that sheeple panicked when natural gas fell but PVA is a big oil producer 70% of income from liquids and oil. Gas will creep back slowly and that will further enhance the valuation.
They use smoke and mirrors on some of their claims on the income statement. If you look at a lot of MLPs, the accounting and depreciation is benefical to the shareholders showing a "loss". In reality that keeps from paying taxes benefiting shareholders...but the attorneys want to make it look bad when they are not accountants.
Attorneys are bad actors that could not get hired in Hollywood, so they picked the next drama career.
I don't think they even their facts right on this one, Penn Virginia was the name on several companies -- not just PVA. I believe there is a PVA for coal -- maybe that is the high yielder. Anyway, I don't see Dearlove as someone running our PVA.
As a shareholder, I can say that I don't care what they make as long as they make the right decisions to keep the company viable through this historic period of excessively low natural gas prices. It looks like they are making the right moves. The stock is down because of gas prices and they will eventually recover. When they do, PVA will be positioned to profit from both NG and NGL/Oil.