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PENN OCTANE CP Message Board

bigrhinoceros 1 post  |  Last Activity: Dec 23, 2015 3:06 PM Member since: Mar 14, 2001
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  • bigrhinoceros by bigrhinoceros Dec 23, 2015 3:06 PM Flag

    Does increasing the PPA weighted average 7.2 years to 7.6 years (on an EBITDA-weighted basis) mean anything? Is 7.6 good? Bad? Average? It seems they have hinted that the dividend will be used for other things. What's the point in keeping everyone in suspense. Cut the damn thing to zero and get on with it. I find it hard to believe that they don't have other assets they could sell if absolutely forced to. What's the hydro stuff worth? Extending PPAs is a big deal and I don't know #$%$ about them. Unfortunately, I own a ton of this stock. The new CEO is down over 50% on the shares he bought. Was it window dressing on his part or really and investment he believes in? I tend to believe the latter. I've listened to the last 8+ conference calls and things seem to be getting better every quarter (debt, costs, streamlined management, etc.). My only turnoff was how much they boasted about buying the stock for themselves. Seemed odd. Egg is on them so far. I wish I had the balls to buy another 60,000 shares down here. I just don't. I'm waiting for the dividend to get cut to zero. Maybe the stock goes up on that news along with an outside investor announcement (or deal) or the stock falls to 70 cents in seconds (just my guess) and then rebounds from there over many years. I personally don't read much into the decline of the last two months. This stock is so small. You have to believe in the eventual end game. More importantly the CEO has to have an end game. Seems there are some guys willing to step up and buy while a lot of small holders are selling. Time will tell and always does........What am I missing? Merry Christmas. -Rhino