Last time oil was at 43 PWE still owned its royalties and 2 more oil fields and some additional products all of which have been sold.... so PWE is worth less now. Painfully long.
Says the guy with a username that's 1.5 years old. I see by your post history you offer nothing but garbage and bashing so #$%$ off.
I am buying stocks in custodial accounts for my children. I started a position at 55.00 which was definitely too early. I will add a little more here... then wait for tax loss selling and double the position. Lets see how it works out. gl.
SDRL and RIG... Too early. You shouldn't start accumulating until after one of the major off shore drillers files for bankruptcy (hercules or diamond offshore... there are a couple others out there still more likely to fail than sdrl or rig). You could also just play the servicers like NOV or HAL and get a small dividend with WAY less risk. As for the lessors. I was bought out of GLS when it merged with AER. I have recently sold out of my AYR position and I have this Paying 8% I am just hanging out.
Hey trainman, still here with you sorry to say. I am waiting for them to announce rs to add. I don't see another option at this point. Fortunately my other stocks are performing. I'm over at fly and ayr. You still in the Leasing stocks?
Oh there it is... its all over now. If this goes reverse split sell the #$%$ out of it. I have only been involved in two RS that went well... and they were in banking on the upswing coming out of the recession. If this goes RS going into the eye of the storm its over. imho.
Cory and Trevor you must be an idiot. Holding your entire position forever is the dumbest idea. Buy low and scale out... if it goes lower buy back in... goes higher scale back out. Especially in this stock.
Of course its undervalued. And the reason is because they can't turn a profit... and will have to sell more acreage to pay the bills... which will lower there book value...
Unfortunately I am Long...
But they will figure it out eventually or be bought.
I think it will be a target for other another regional. I wouldn't be surprised if HBAN, PNC, or 5/3 took a shot at it. On the flip side its getting big enough that after a couple of more small Michigan purchases that they could attempt to acquire in a new market. I would love to see a Michigan based bank go national.
I did very well with GLS and sold after the merger announcement so I never owned AER. Last year I started buying AYR which has a very active acquiring 3rd party that buys every dip. When it went above 21.00 a share I started buying FLY at 11.00. I can't really figure out what FLY's issue is but the div is nice and I am up so can't really complain. Good to see someone still around from GLS, I still see Lionel around from time to time.
I am surprised by how poorly its been doing. I thought delaying rate increases would allow it to inch up a little. Greece and oil and nope... no impact from anything. Good News with Gold under 1200 I started buying physical gold again.
Cramer and Baxter... If you watch the show and do what he says or the opposite doesn't make much difference... I like the show for ideas I would miss on my own, but I own no stocks that he talks about regularly and quiet a few that he dislikes including RMTI.
Cramer really like bio and pharma right now so his pump on Baxter has less to do with BAX stock and more to do with the sector which he is positive on. A rising tide lifts all boats.
Good Luck Have Fun.
I would love a terrible report in July. It will cause an artifical low to buy back in at... Then we can do this all over again. :)