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Penn Virginia Corporation Message Board

  • pickumup1 pickumup1 Jan 29, 2013 11:04 AM Flag

    Undervalued!!!!

    PV10 Values of Proved Developed and Proved Undeveloped are around $33 per share. Deduct debt of about $20 a share and you have something IMHO that is worth much more than $4 per share.

    Sentiment: Strong Buy

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    • Well, I own a fair amount at $5/share.. Just picked up more at 4.24.....I am very patient and have made a great deal of wealth at this game.. Not a day trader. Making a bunch ( and already made a killing ) on the refining sector when everyone said not to touch any of the stocks! So I have accumulated a bunch of NG companies and am just going to wait things out. I look to double and triple my money in 1-3 years. I admit I have not made a penny YET with PVA.... But like I said I will just wait. In all seriousness, what do you really think the value of PVA is with NG above 4?
      D

      • 1 Reply to doogle60
      • I am also being patient and have a decent amount of PVA at a cost well over where it is now. The transforamtion from a natural gas play to a oil/liquids play in my opinion is finally starting to have an impact. Natural gas around or above $4 is not as critical to PVA as it was in the past. This is not to say that it does not certainly help with being a cash cow to help fund the oil shale plays but oil prices holding strong or increasing are more important. I reported to the CEO for a few years where I used to work and have faith in his ability to make this work.

        Sentiment: Strong Buy

 
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