Why couldn't they be clearer about their intentions then you would not have to "suspect"
what the intentions were/are
I have been in Exec position at public co-not fully communicating is communicating-be cautious
The fact that they do not communicate in PR narrative per unit amounts borders on Carny-barking
Growth in distributable cash flow per unit vs just growth in distributable cash flow would be much
clearer and more meaningful
I know you can hunt down the numbers but if management wants to keep it real they should communicate
on per unit basis-tossing out growth metrics w/o giving effect to increase share count etc. is awkward
and perhaps a reflection of character
I also find it troubling that they only did 20% of announced buyback program and are not clear on future
It all seems good but be careful, if things are not going so well I expect it will be hard to understand
Seen it before
Knowing they will be able to-believing maybe but knowing nothing
Can they control global oil prices
You are no investor-perhaps a conspiracy whacko with no real understanding of the market
So you paid too much I like my chances of getting a good return with a $4
cost basis If you expect PGH management to control global oil prices you
might need to consider alternatives
What basis do you have for suggesting 17-18 cap
Underlying value much greater if oil averages $75 post 2016
They are putting for sale sign in the ground. Perhaps there is a strategic that will outbid the $12.
They could not have taken the Starboard offer without trolling for a better deal. Chum in the water.
$12 is the bottom. My guess 13.50 to 14-6months to announcement
So you could gather enogh money to go back to school and perhaps learn how to spell
Why is Capitalism dirty? The free market is wringing out the weaker and higher cost
players-that's how it works. It was dirtier when they were controlling supply and artificially
keeping prices high-now we are all benefitting from the free market price
They sold a lot of units at 22-now buying back at 15 That should tell you something
Buy-Buy_Buy if you need a long term play with a tax preferred yield to cost likely to
be double digit for many years
Can you add some color on their thinking/ What price do they assume for oil?