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Penn West Petroleum Ltd. Message Board

fishinanddreaming 46 posts  |  Last Activity: Apr 28, 2016 10:43 PM Member since: Oct 2, 2007
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  • fishinanddreaming by fishinanddreaming Apr 28, 2016 10:43 PM Flag

    The yield is over 14% which is amazingly attractive, and probably still too high.

  • fishinanddreaming by fishinanddreaming Apr 28, 2016 9:35 AM Flag

    All three: propane, ethane, and butane closed yesterday at Mont Belvieu at new highs for 2016 !
    MEP is now raking it in, after starving in the first 3 months of 2016 !

  • Reply to

    where is the distribution announcement?

    by lessbs Apr 27, 2016 6:36 PM
    fishinanddreaming fishinanddreaming Apr 27, 2016 6:57 PM Flag

    Monday, as usual. No "good" or "bad" sign.

  • Reply to

    ARCA

    by fishinanddreaming Apr 27, 2016 12:34 PM
    fishinanddreaming fishinanddreaming Apr 27, 2016 1:23 PM Flag

    I didn't see it because it was 40 minutes before. good for you !
    You probably know those shares are worth $4 each, right ?

  • Reply to

    ARCA

    by fishinanddreaming Apr 27, 2016 12:34 PM
    fishinanddreaming fishinanddreaming Apr 27, 2016 1:19 PM Flag

    I managed to get a few measly k at 19 before they retreated back to 20.
    Getting shares is like pulling teeth. they don't want us to buy. they want sellers. I figure each share we manage to get at these prices is like a free dollar or two. because of the way they play the system, there is no "price discovery" in this market.

  • Reply to

    ARCA

    by fishinanddreaming Apr 27, 2016 12:34 PM
    fishinanddreaming fishinanddreaming Apr 27, 2016 12:55 PM Flag

    Try 18, zooming. They have to give you some.

  • Reply to

    ARCA

    by fishinanddreaming Apr 27, 2016 12:34 PM
    fishinanddreaming fishinanddreaming Apr 27, 2016 12:48 PM Flag

    I don't see a 20k buy on the ticker. I saw the 100k at 12:40:19

  • Reply to

    ARCA

    by fishinanddreaming Apr 27, 2016 12:34 PM
    fishinanddreaming fishinanddreaming Apr 27, 2016 12:45 PM Flag

    Well, it appears Archapelago is almost out of shares, I don't think we can get another 100k from these bozos. I think they are all about to be dried up.

  • fishinanddreaming by fishinanddreaming Apr 27, 2016 12:34 PM Flag

    There seems to be "infinite" supply of WMIH shares on ARCA. I keep buying all day, and they keep holding the ask at 2.20 with a fake size of 100 shares. Eventually they will run out, and boom.

  • Reply to

    Added MEP

    by canvas888 Apr 25, 2016 3:44 PM
    fishinanddreaming fishinanddreaming Apr 26, 2016 12:52 PM Flag

    You're like me, j157272. I will release a few shares at $10, because I've become too overweighed in MEP. But plan to hold 80% of my shares to the $40 - $50 range, or (tax free) death, whichever comes first.

  • Reply to

    Monday, May 2, 2016

    by fishinanddreaming Apr 23, 2016 2:46 PM
    fishinanddreaming fishinanddreaming Apr 24, 2016 7:13 PM Flag

    Didn't they guarantee 2 years ?

  • fishinanddreaming by fishinanddreaming Apr 24, 2016 2:12 PM Flag

    with massive amount of B.S. posts, trying to make it impossible for honest shareholders to communicate. I must have over 20 of IR's aliases on ignore, but he continues to mutate aliases making it a full time job to add his new aliases to ignore. I'm trying to read BarndMarty's intersesting posts, but its hard to find them when for each 1 they immediately post 30 junk posts to hide it. Can we ask Yahoo to step in ? The should set a maximum number of posts per day per IP address. Its too easy for crooks to create an alias, and its also easy for them to create more Yahoo accounts. Switching IP addresses requires a little work.

  • Reply to

    Semi custom -25% below last year -24% last quarter

    by hei4me Apr 24, 2016 12:15 PM
    fishinanddreaming fishinanddreaming Apr 24, 2016 1:44 PM Flag

    AMD had design wins with all 3 console makers, and in the next 6 months they will roll out the new models. Shortly after, around Christmas season (black Friday) semi custom sales will go through the roof, could even double. AMD is in a fantastic place right now, if even the weakest quarter of any year for consumer products ("hangover" Q1) is comparing as only 25% below "blowout" Q4. Q1 is actually the good quarter for B2B (servers) as that's when IT managers get a new budget to spend. But currently, this affects Intel more than AMD. Of course, this , too, is about to change. Just like China became the no. 1 market for automobiles, it will eventually be no. 1 buyer of servers.

  • fishinanddreaming by fishinanddreaming Apr 23, 2016 2:46 PM Flag

    MEP will have a presentation on May 2nd. They will review the numbers from Jan., Feb. , and March.
    During those months (especially Jan/Feb) NGL prices were so depressed (I forget if a decade low or what, just can't remember when was the last time prices were so low). So (past looking) numbers are dismal. In last quarter's presentation they were "warning" about that. However, currently NGLs prices are 50% higher, back to where they were in September last year. So, while "backward looking" statements will be dismal (as "warned" last time around), "forward looking" should be very good, but that depends on how conservative they are, and unless the executives are planning to sell shares, then what incentive do they have to "take a chance" and say anything but the most conservative statements possible ? So while those of us that own tons of shares (I assume many of you are like me, and bought as many shares as we can afford during the special "half off sale" at $5) hope they do make an "honest" forward looking statement, rather than an "ultra conservative" one, I'm 99.9% convinced that they will hold the distribution steady (or raise by a token amount), and that, on its own, is enough to tell everyone that the forward outlook is very positive, without having to say anything (and expose themselves to criticism). So, while May 2nd's presentation will not look good, it seems quite likely (although you never know when disaster can strike) that August's presentation will be an "amazing turnaround". Will the market look ahead and when will the prices reflect this ? Wait and see.

  • Reply to

    Scooping Up Cheap Shares

    by fishinanddreaming Mar 11, 2016 7:38 PM
    fishinanddreaming fishinanddreaming Apr 22, 2016 9:31 PM Flag

    the window is about to close... getting close. 10 days left to buy ?

  • Reply to

    noteholders: wait and see time

    by burnedoutprof Apr 17, 2016 6:16 PM
    fishinanddreaming fishinanddreaming Apr 18, 2016 8:20 PM Flag

    I was wondering about that. Isn't about 1/3 of EIG's investment in preferreds ? For those to get paid, don't the notes (even the lowly ones that you and I own) have to be paid first ?

  • Reply to

    Going to $10

    by whoszoomingwhom Mar 31, 2016 7:49 PM
    fishinanddreaming fishinanddreaming Apr 3, 2016 6:42 PM Flag

    Propane bottomed at 30 cents/gal in January, and is now 44 cents/gal. Still cheaper than bottled water, but 50% higher than at the depths of the glut in January. By summer, it can easily return to 60 cents.

  • Reply to

    Going to $10

    by whoszoomingwhom Mar 31, 2016 7:49 PM
    fishinanddreaming fishinanddreaming Apr 3, 2016 6:15 PM Flag

    NGLs have been going up recently. Propane, Ethane, this is the "coin" used to pay MEP by the gas producers. Instead of paying cash (for which they are starved) the drillers pay MEP by letting it keep the natural gas liquids (NGLs) that condense at the bottom of the gas processing tanks.

  • Reply to

    Can't buy at $2.3

    by winning_pair Mar 22, 2016 7:01 PM
    fishinanddreaming fishinanddreaming Mar 24, 2016 11:04 PM Flag

    They want the shares for themselves, not for you. A lot of shenanigans, starting with all the crooks trying to convince innocents to sell, and ending with them jumping ahead of you in the bid queue

  • Those fast food chains have a steady revenue, and need our NOLs.

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