Fri, Dec 26, 2014, 6:55 AM EST - U.S. Markets open in 2 hrs 35 mins

Recent

% | $
Quotes you view appear here for quick access.

Penn Virginia Corporation Message Board

  • stuartcreekfarms stuartcreekfarms Oct 12, 2012 8:02 AM Flag

    Looks like the deal has been changed

    The common offering is now 8 million shares. (That seems to be an improvement)
    But the conv pref is now $100 million (that probably is not an improvement)
    I think they will have to report "fully diluted" earnings on a whole new boatload of shares. This is a lot of dilution facing the common shareholders.
    I hope PVA has settled its liquidity issues for at least the next few years and can start to generate really significant cash flow from the EF drilling program.
    With natgas touchingh 3.60 and early-season cold weather, I think PVA can start to put out better hedges on the natgas production and maybe find a buyer for some of the currently unproductive natgas properties.
    Despite my "whining," I do think PVA has a bright future but for us common holders it will be down the road a bit before we see the benefits of it.
    (By the way, PVA did change the deal -- so maybe a little shareholder yelling can get things done)

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
PVA
6.56-0.14(-2.09%)Dec 24 1:04 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Virgin America Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST
Novo Nordisk A/S
NYSEWed, Dec 24, 2014 2:48 PM EST
Yahoo! Inc.
NASDAQWed, Dec 24, 2014 12:59 PM EST