Maybe this will help. And just so you know shorts equal only1 share in 50. You would have to be stupid to short PWE at this time and/or buy it. Those who own it GOOD LUCK.
Well, I've go to give you credit for trying................ But PWE is still nothing but a gamble, a poor one at that....... Will it pay off, no one really knows but if you make money , GOOD FOR YOU ................... Just remember it's selling at 69 cents for a reason. And anybody that thinks they will get $10 a share for their PWE shares, needs to seek financial counseling.
SO TRUE We are in trouble and most people just have their head in the sand. We're not going to be able to stop the collapse , all we can do is try to prepare for when it happens. Best scenario would be to devalue the dollar drastically and repay debt with cheap $$$$$$$$$.
Oil will come back, sometime, but even with hedges in place PGH reported earnings from NG = only 1% of total profit, down from 26% 1st qtr 2015 and hedges going forward won't carry the company. If they are going to survive they will need to make more $ than they currently project.
Don't forget that 50% of their BOE $ earned is in NG & NGL. NG price is going nowhere and any hedges will not bring a profit for very long. Who ever it was that said we are awash in oil is right on. Look for a down turn in oil prices before they really spike . And don't forget PGH bitumen crude sells for a 20 to 30% discount to WTI. If you're sitting on a profit with PGH take some off the table.
This is exactly what many of us have tried to convey over the last 6 months PWE is nothing but a gamble. What have you to say marketdatabull now that you have misled alot of people.
Marketdatabull I sure hope you're not as foolish as you sound. Being blind toward market risks in the values you state is not a sign of mental stability.