With the nearly 10% short interest and split happening with all the mergers in resource stocks I think this is ripe for a pop to $12 . Upstream will be free of most pension and other debt so someone might come in and pounce . Alcoa should darn near hit $11 tomorrow .
Long term the look is still improving and during periods of pronounced weakness one would be smart to pick up FE with its service territories that have allot of upside in a improving economy .
It wont last forever . Kills me to be broke and unable to purchase more shares under $10 . Not only is there metals inventory now reflecting current pricing but we should be through the bottom of the cyclical downturn for their pipe . The next 16 months will show better times for SYNL . If you purchase now the first year dividend capture will be sweet though were past the qualified time limit for this one . Try to find a bank that pays a APR of this high . BWA is way undervalued also .
I would imagine with 100mm shares if needed the major private indv. shareholder might also be willing to lend $$ for a price of course . Lets hope it isnt needed as that doesn't help us but its ridiculous that people always act like there is a dire credit issue . At any price over $35 there never will be . Remember everyday money is coming out of the ground . They never even have breached any contractual agreements . Some of the big companies can't say that on some of their loans . Just don't expect this to fly to $5 it will be back and fill unless we see oil and NG climb and the best hope according to most people is for $55 Oil after some backing and filling with $3 NG next winter .
exactly were lucky they didn't sell assets cheap and or issue stock . People keep acting like their broke they carry a zero balance on their 1 billion dollar revolver plus have paid debt down . They have a open line of credit in excess of the debt due in 2017 and beyond . If things continue on and NG firms some more with a cold winter look for a increase into cap ex . Lately with low rates Insurance Companies , Pension Plans , and Investment Syndicates are looking for places to invest . This company has been around since the 1950's . I never said anything before but I was floored by some of the Statements by the CEO when oil was in the 30's regarding long term viability . With the cash flow they have they should be able to keep debt down and increase production to make up for what was lost in the sales and declines at $45 and Oil is expected to avg above that with NG continuing to firm . There was allot of acreage less economic then PGH properties which are all economic above $35 USD by their own words . I am still pretty upset they even thought of selling out at one time . They survived $10 oil though things are different 20 years later they will do fine . I can only hope they do as well as they did then . They paid out almost $36 a share if I remember right since coming public . Hopefully one day we will see a payout again when production gets back on track and the price for oil is considered stable and above $55 . I would have to think we are no longer in survival mode but their figuring where the largest lowest cost production gains can be realized and will apply increased cap ex there . Would be wonderful if they could prove up some more reserves at the same time but they have if I remember correct over 16 years of proved and P10 reserves right now with billions of barrels in the ground and someone with 100 million shares and deep pockets who researched them , is a long term investor , known to like dividend stocks in resource companies .
If you look at the fundamental's here it could be ripe to go private . Why not when free cash flow in bad times would pay for the company in about 7 years with a nice premium paid that might get taken . The old inventory priced at FIFO when metal was higher is almost all moved out now . Better times are coming . This is a no brainer but Micros can trade off kilter for long periods of time . I expect it won't be long we see a uptick . Especially with a annual dividend closer then farther away at multiples of the 10 year note . Hope they bought some shares back at 6-7 .
You have options coming up this Friday . Hope its a good report . At 13b then you split we could see either company end up being purchased out from under us . More then likely the new enhanced products side but you never know . Hope we get back up into the teens at least this year . There is allot of infrastructure projects starting to take hold . They can't wait any longer ready or not .
Lately its gone down then recovered . The market was up today and based on other industries guidance I am pretty perplexed . Most had guided up for the second half earlier but that has cooled some . I think the guidance will be more important then the number that comes out . I believe that earnings will be at or above expectations of 8-10 cents . I am also interested to hear about the split in spite of not being a fan of them . I am in AA due to value and sort of a hedge on inflation I like to hold a metals and mining company . I try to trade in and out due to the cyclical nature but if I get stuck want something with a dividend and quality . I hold a few and despite seeing the ones I kept falling by 50% the past few years continue to get a small check and know they will rebound higher eventually . I do harvest the tax losses over time to mute the pain , sell calls and puts where positions are large enough I do hate getting stuck it does hurt . That said I don't see this falling more then 20% but could see it doubling in 5 years . Hoping to see it climb next week . For sure those that wanted out should of been gone long ago as this bounced between 8-10 .
You have to admit there is something wrong when no wrongdoing is substantiated and lawsuits are forming and piling up . CBL is actually paying for the DOJ investigation to clear itself . This is the nastiest Political race I have ever seen . Sen Corker is out as a VP but this lingers on . Even if it were true 4 loans out of over what 300 in the past 5 years are even being looked at ? That is what I understand . I have owned this stock for many years just for income as I am disabled but I added in fact almost doubled in here . Seems like a huge opportunity ..time will tell . My thinking is it is still a buy if its true at this level and their still obtaining very favorable loans now and have plenty of FFO .
Good for you looking at the ugly chart for the past year you can notice were bouncing off a low for a third time . I have to think things will be charmed from here :-) I did hold way to long but dont feel bad even at todays price my gains though 50% of what they were are unbelievable and come with a small dividend larger then what the bank pays . I think we are very close if not at the bottom for the year . Everyone is waiting for the market to fall so I doubt it will and if it does stocks like this one will hold well .
The daily range was tight . This is a nice microcap that pays a dividend once a year . It is coming up so its a good time to get in at both a multi year low and pay date . This was hurt with oil and Ng pipe business down . Metals of which they had a huge inventory down . However things will return to the averages and nearly 4% to wait with NG pipelines needed all through the USA for clean energy and compliance with non flaring laws springing up should help them . Would not be surprised to see this over $10 in the next year if not higher .
Sentiment: Strong Buy
I think your smart though I would scale in since you never know where the bottom is . The guidance with most the yearly earnings in the next quarter scared people . I definitely plan on adding shares before earnings are released . At the current level even a small miss should take the stock up do to calming any fears . The fact they hold allot of Euros and Pound Sterling didn't help either .
NG keeps rising though slowly . Somethings up with electricity here too as the power company actually is calling asking people them to turn the air off while there at work during the day . They are really pushing giving them control of the central air too . I know I am tired of any and all robo calls . On NG last time we had coal that picked up the slack if it spikes it could get real dicey . We are still a long way off but $5 is a majic number for PGH at $4 you will start to see them switch . When I first bought shares after the IPO they were 70% NG 30% oil NG was just under $3 and Oil was around $18 a barrel .
I am on a fixed income anymore but the shares I bought recently are doing just fine it is holding very steady now and the quarterly income will be very much appreciated . 4 over 5 year old loans took it down 20 % which is ridiculous when they do that many loans most months . Well thats my thinking on it but time will tell .
My best guess is PGH is worth about 2.5 bilion despite having many multiples of that in Oil reserves proved and probable in the ground looking for a economic way out . I think we currently trade just under a billion for a total value . Hopefully this will be like July 2002 and mark the near term bottom here before a up move .
They always were able to do this at a certain price . They have billions of P-10 reserves in the ground at a $60 bbl but what they are truly worth with lifting costs changes daily . They have explained they will take a shot at raising the money for Lindbergh when Oil is solidly above $55 USD a barrel . This gives them the ability to lock a 3 year strip down to give them a reasonable expectation they can pay down the debt . With rates on bonds down to 1.5% on a ten year I imagine there will be institutions lined up then to get a few extra points if that is to occur . The same goes for the 4.4 billion NG project . Note as they have stated it all depends on oil getting back over $55 or NG to $5 I believe in a solid manner . We are close but so far away right now . The bad news is gasoline will be about $3.20 at the pump for consumers when we get there . We are paying $2.55 here in central Michigan now . I remember the last time NG was above $5 I was using electric space heaters to zone heat . However that was when they were using coal to make electricity . The future for the consumer if we spike NG prices again like that ( they breached $15 at one point ) may be dire without a infrastructure build out and their not happening . I own shares in a pipe company and their really hurting the past few years .
Vehicle Electrification Is Much Bigger Than EVs google that it should come up . BWA is always treated like a old tech widgit company . It is tossed aside now expecting a cyclical slowdown yet their products are cutting edge and as they took market share years back with turbos and energy saving products they continue to position themselves in new technical applications for the automotive industry which should fuel growth and increased market share . We should be close to a bottom and there should be room to continue to raise the dividend while leaving plenty of $$ for further research and paying down debt . My figures point to at least $3.50 in earnings for 16-17 .
I hope so too . I doubled my position .Which isn't a huge amount but I depend on the income from a basket of dividend payers to survive .