I bought this week because of their CLO exposure. The market has turned and an increase in profits and NBV is possible. The insider purchase , I see as a positive, and cannot entertain conspiracy theories.
Cramer, the TV midget, is also an idiot. Best to do the opposite of what he recommends, as he is more often wrong than right. As to the professionalizm of his "the street" they recommended to but AMID at its $10 level. Unfortunately AMID had been near $12 for a week before the article.
He has Palin, part of the GOP intelligentsia . Who could ask for more?
Obama was irrelevant in the UK vote. The local banks and the politicians being out of touch with the common man caused the revolt.
After having read the seeking Alphs article , and doing my own DD, I have placed an order for 10000 shares in PWE. First foray into upstream for 9 months. The sale of assets seems to be a game changer for the better, and sets up the company for a slow rise in oil prices over the next 18 months.
I don't trust anyone. As stated, i did my own due diligence and came to a similar conclusion. Thanks for the concern
We will have to wait and see. With PWE having sold its high production cost assets, and their plans to start more drilling on the remaining land , it may take 9 months, for clarity on this figure.
Craig, I am a frequent visitor to the states . Please answer one question that I have. Why are you happy with a congress that is bought by corporations, and countries ( via AIPAC). Don't you think congress should work for the citizens, rather than their puppet masters?
On top of the capex cuts, the DUC's need 70% of the total well costs to be spent , in order that hey can start production. I doubt if banks will be queuing up to lend oil producers the money they need.
Main, it is not a question of being happy, but I am prepared to wait for the NBV to grow, and hopefully the PPS with it.