Funny how all these bogus users claim all the same nonsense but continue to buy PWE. Obviously this is a solid company, and these idiots what it cheap. Block each and every alias. WATCH the new aliases pop up. Lol.
Israel will strike Iran. And when it does, Iran's economy may already be decimated. Notice that Carter helped push the Shah out of power and Obama has essentially destablized the entire region by support the wrong sides. America will again pay for the incompetence of the left.
How bad could it get? The analysts at Bernstein Research figure that if oil were to stay at $65 per barrel for 2015, it would mean a 50% reduction in oil company cash flow and precipitate a 35% overall cut in capex. Bernstein doesn’t 2015 will be that bad, however. And neither does Hamm. “I still think this is a short term move,” he says. “This is the Saudis trying to cut the legs out from under people.”
Which people? If the Saudis are trying to take market share from the U.S. producers, why not just come out and say it? “There’s more going on,” says Hamm. He sees the Saudi move not to cut oil production not as an attack on American producers (the U.S. is Saudi’s protector after all) but more as a volley launched at its true religious and political rivals Iran and Russia. “This is about taking away capital,” says Hamm. “It’s their way of waging war.”
There’s a wildcard that Hamm sees creeping to the top of the deck. And it’s labeled “The law of Unintended Consequences.” Low prices have turned the ruble into rubble, while Iran needs much more oil revenue to keep its economy afloat. Venezuela too is teetering on the edge of collapse, while Libya remains a basket case. It wouldn’t take much of an oil supply disruption in any of those countries to send prices right back up to match long-term marginal costs of around $100 a barrel.
It’s all about steering around the potholes while keeping an eye way down the road. Which is why Hamm continues to back lobbying efforts aimed at getting the new Congress to lift the crude oil export ban. “We need to be competing for markets in Asia,” says Hamm. He’s already started. In October Continental cut a joint venture to drill for natural gas in Oklahoma with SK Group, one of Korea’s largest conglomerates and biggest oil refiner.
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Totally agree. As long as we get fair value. I have no doubt Roberts and George will give nothing away. But I don't know if it will be sold. I see George growing this company. Oil isn't getting any cheaper. I think one big asset sale that eliminates the debt and it's off to the races. But who knows. Why did the go for TLM instead of PWE? Maybe PWE said no. Or, TLM assets are more diverse. Who knows.
The debt is close to a billion now. And with such high volume in trading, something is afoot. I saw this with KOG.
That would be incredible. And a 2.76 dividend to boot. I wouldn't put anything past Saxberg. The have a big position in the Torquay, lots and lots of oil. They too have an incredible asset base.
Value is based on assets not what the market will pay. The market is not logical, it is emotional, like you.
Saxberg built the company. He has more money than he knows what to do with. I suspect he doesn't watch the shareprice as closely as we might.
This collapse in the Canadian energy sector smells fishy! I believe it was orchestrated. Granted American and other oil giants dropped, but not to the extent that the Canadian sector did. Donald Trump said he took all of his money out of the stock market because he doesn't trust Obama. I agree!
Who can really know unless you are Dave, Rick and the BOD. I believe they are going to grow this company. They will sell some assets, pay down debt, and BUY a private energy company. Rick George grew Suncor. I believe he will make PWE something big too. A big oilsands player.
I can't remember the limp dyck analyst that said PWE would fall to .70 a share. There is some major manipulation going on in the market and I tell you Obama has his hands in it. This guy does not give two shyts about anyone.
PWE management will not let the company go for pennies on the dollar. Nawar paraphrased Dave Roberts who said shareholder value is prime motivating factor in doing anything with the company.