I have no doubt the idiots posting here are not ceos but your run of the mill flunkies.
Why would you bother with all that? Maybe if you weren't hung like a hummingbird you would be out on dates instead. I bet mom ran out to get you some McDonalds for dinner too. What a loser.
The President of Continental Resources said today there is no oil glut. OPEC members are fighting amongst themselves. Oil will be back to 90.00 soon.
There is nothing fundamentally wrong with any of the big oil producers. Obama and Saudi Arabia have conspired to punish Russia by driving down the cost of a barrel of oil. I do not recall the source but it said that Russian oil is profitable to produce at 100.00 a barrel. I am not certain this is true or that I agree, but given the location of production, its possible. The Russian economy is solely dependent on revenue from energy, so this will hurt. This is not a glut either, America produces light sweet crude not heavy. If there is a glut, a glut of which oil?
Maybe because it takes years and years to build one. So many regulations involved. I don't believe a refinery has been built in the U.S. since the 70s.
Why would you exit if it goes down and lock in a loss with a 6% dividend payer? I will hold and wait. It is a top quality oil and company and I am adding. I think it has more to do with slowing economies worldwide.
Keep in mind the massive production in light oil taking place in the U.S.A is impacting Canadian light oil producers like PWE and CPG et al. The current declines in share price has nothing to do with the companies, it's the commodity. Canadian heavy oil producers will be fine because the U.S.A does not produce heavy oil. Well, California has heavy oil but the crazies keep it in the ground. California buys Canadian synthetic crude at a discount then turns around and sells it for profit. Less
Keep in mind the massive production in light oil taking place in the U.S.A Canadian light oil producers like PWE and CPG et al will suffer as a result. The current share price decline has nothing to do with the company, its the commodity at present. Canadian heavy oil producers will be fine here because we do not produce heavy oil. California has heavy oil but the crazies keep it in the ground. California buys Canadian synthetic crude at a discount then turns around and sells it for profit.
I suspect a lot are selling energy securities fearing a global economic slowdown. However, energy consumption continues outpace production, so sit back, collect your dividends and relax.
Wind and solar power are older than all the other technologies combined. Why were they replaced? Why don't we use whale oil anymore?
Energy securities are down regardless of company value. Stock Market is not logical but emotional. PWE is on its way up with excellent management and production (finally). I believe we continue to accumulate PWE at these levels today and become rich tomorrow.