nmgomes- I like PGH in general, nice execution so far on plan. BUT WTI closed below 200dma today. PGH is at the bottom of its upward channel. I added little today at 6.15, perhaps stupidly (forgot to check WTI). Very tight stop though. If copper drags commodities down, near future won't be pretty. MACD looks negative still as well.
i'd say 7.3% on 2.1x volume isn't bad at all + good action on options. It's a bit better better than benefit of the doubt...executing on cost management. it's not a strategy business--they suck oil and gas out of the ground--operations are all.
Probably because the company needed a CEO that understands perations, cash flows, and how to drill oil. But thanks anyway, Scooby Dum.
I'd like to know a bit more about the $742 million asset impairment. That wasn't baked in, right?
"During the fourth quarter of 2013, we recorded non-cash impairment charges of $742 million related to PP&E. These impairment charges were the result of limited planned development capital in certain non-core natural gas assets and lower estimated reserve recoveries at our Manitoba properties. Our five-year plan is focused on the integrated development of our large light-oil areas in the Cardium, Slave Point and Viking."
well best news is that pretivm isn't tanking on report. To me looked good, no surprises, but nothing to knock it out of the park. my take is that market sentiment is slowly changing. 6 month ago pvg would be down 5% on mere release of news.
Red vine, graph has been up and to the right since Mar 2013. Still hovering around 50DMA - So I'd guess that's live & well. In terms of large purchases by institutions in Q4 2013: Letko, Brosseau & Associates Inc Q4 2013, Federated Investment Management, Canada Pension Plan (source: Morningstar).
1. Probably because natural gas prices pop until 2014 / polar vortices. NG prices were declining through the first 1/3 of Q4.
2. Read earnings transcript. Most analysts were pretty soft on PGH happy with progress.
3. All oil & gas companies - even XOM - are down today. Flight to safety outweighs quick bump in oil price. Also technicals were pointing toward correction.
FF-who is the world's richest buying in? Nearly of the E&P / upstream companies were down today even with the crisis in the crimea.
the Q&A was pretty mild on the earnings transcript, most analysts seem to be happy with the quarter's results. See where the stock ends up today...bounced off 50dma earlier. rest of market drifting up.
Traders are playing with the stock now...every time it hits 50DMA it gets whacked back down. IMO- Q4 earnings & ability to generate cash flow will be all. Can Mr. George walk his talk?
There's a substantial goodwill asset on PWE that needs to be wiped for any book based valuation. that said...MDB is full of it...clearly hard assets have nothing in common with financial assets.
I bought my puts as a short term trading opportunity, but am careful to not put in too much. My thinking was the major gap up occurred, many of the shorts flushed & technicals look like they may be turning down.
Hot money is paying 353x FCF. Not a bad thing, just something to think about. I mooted profitability and operating efficiency up there as a check... I think Nike is a fair comparison for metrics--sport/lifestyle brand and direct competitor, obviously more mature. LULU up there for relative age and rocketing of brand.
All the snow on the ground since New Year's Day will be gone after Q1. The question is will Under Armour become the next Nike or will it become the next Reebok. There's an HBS case study on Reebok overtaking Nike as leader in athletic shoe sales. The argument for high valuations is always quality management & game changing x, whatever x may be. I'm not saying that Plank isn't a great entrepreneur, I'm saying that even Phil Knight nearly lost the throne back in the day.
I was looking at Nike's operating margins vs UA vs LULU-- 2008-to TTM
UA 10.8% OI to 11.5%
EBITDA (important because what has been different in past 5 years are ultra low taxes & interest that can't be lowered much more). Again 2008-TTM
Novice to the sports-lifestyle consumer goods category, but my take: Nike is still impressive. just a well run company, even though it has to sell low margin shoes. LULU - crazy good margins--can't anyone steal their milk money--Under armour should sell see through clothes? UA solid-probably good that it's not too much of a good thing...
Seems like fairly programatic selling by executives quarterly. I'm looking for a #$%$ in the armour, so to speak, a reason to short. I bought some puts for a short term pull back, but long term, the company has had a good trajectory and I'm not convinced they'll stumble. Impressive brand & story--the name had never appealed to me - like canned ham & meaty/sweaty--i'm a runner & a rower. the creation myth of UA is not unlike the waffle trainer at Nike--hands on technical innovation based on the sport played. The key, IMO, will be how well they move into international markets & ability to make itself a lifestyle brand.
"Sierra" = "dancer" at gentlemen's club. Utter trash. Sadly, I'm long PWE & "sierra's" rating has been the death knell for many a stock.
obviously not careless. Goldcorp & ABX didn't think the mine fit their portfolios, SSRI did. You can moot whether or not it will be good SSRI in the long term. The good news is that SSRI recouped most of its losses yesterday & looks like it will open strong. That is a good sign for all stocks in the sector--they aren't being trashed willy-nilly for any move they make.