I am hoarding my cash for now....but I have never seen such a great buying opportunity in many years.
This stock along with PWE and many of its peers are truly suffering. Will they be able to maintain the dividend...I am not sure...I hope they will be able to liquidate some non essential assets and sustain it...but that is a big "if". The bottom line is this....I believe in Black Gold going higher in the future and the oil pipeline glut getting resolved in western canada. I believe PGH is bearish right now but it will return to 12-15$ in the next 3-5 years.....Those who are patient will be rewarded.
I thought the same, but got out at 4.10 after buying back in at 4.8, and saved myself another $500.
I can only say from experience, that there must be some serious problem with this company to go from $9 to under $4 in such a short time.
At this point we have a big seller, 2 x average volume today down 5.44%. I have no rhime or reason for PGH's fall alls I know is to watch the the price and volume action, no bottom yet. GLTA
I believe it's on thursday that they release their quarterly report.... over 3.7 million shares traded today....
I have been watching BNN of late ...analysts wouldn't touch PGH with a ten foot pole! I am really looking forward to a statement from management on this one!
Sentiment: Strong Buy
The one assetasset the should unload is their CEO. This #$%$ Eater is making millions while the Stock has lost over 50% of its value in a single year. If PGH cuts its dividend this Punk of a company will head quickly head to $2.00.Name a single thing this CEO has done in the last year that was positive for PGH.