Tens of thousands of employees laid off. When will government economic policy care about American workers?
I'm holding. I think a lot of the drilling work has been done, lots farmed out...low operating costs after layoffs, low cash expenses. I think PWE survives and the worm eventually turns.
Nawar has provided some of the best analysis of oil markets, PWE of anyone I've encountered and that says volumes. Keep your bigotry to yourself.
Read my recent comments about SNH, SIR, HPT and GOV. The assets are valuable and the share prices, message boards are an instrument for a private equity takeover. Not gonna happen. The insiders and institutions own too many shares.
Sentiment: Strong Buy
A socialist might be interested in keeping good paying and manufacturing jobs in the U.S. rather than trading on its citizens like they are a commodity.
Before you are sold on that idea, be sure to look at EQC's takeover of CWH. The unlocked value didn't go to the shareholders but into the pockets of private equity. This is why they want you to sell these shares...makes the takeover easier. EQC's common dividend was eliminated, most of assets that earned income have been sold and into to private equity pockets not shareholders. The PE players are manipulating derivatives to artificially keep the price up to make you think they are doing a great job. P/ffo is around 40X with zero dividend. CWH shareholders were fleeced.
Sentiment: Strong Buy
The negativity of the articles are those jealous of the dividend, mostly competitors, hedge funds and shorties. Look at the ffo numbers of all of the RMR companies, stable and positive, dividend track records. These are the characteristics one should look for, not someone else's opinion.
Sentiment: Strong Buy
Also examine expenses. Depreciation and amortization are not cash expenses, acquisition costs are one time expenses(separate one time expenses), and tabulate recurring expenses: interest, operating expense, g&a. Subtract the recurring expenses from the revenue.
What you will find is improving cash flow margins(revenues growing more than expenses). That is a recipe for dividend stability and some growth. Companies in the RMR have long term patterns of paying high stable dividends and growing operating cash flows. This isn't the recipe for being crooked.
It is the detractors that are speculators and misleading the public, consumer investor.
Hear it enough times, it has to be true? Or are you serious enough to actually examine the evidence? Those who speak the loudest often have their own agenda. And their agenda may not be consistent with yours. Those who have their hands in your pocket have the answers but the proof is based upon evidence.Those private equity takeover artists may be the real con artists. They are ubiquitous on the RMR boards, Seeking Alpha, Morningstar forums about HPT, SNH, SIR and GOV. They tell you the Portnoys are crooks and that these companies should undergo a takeover like EQC over CWH to enhance value. This is a great example compared to the histories of HRP, CWH, SNH, HPT, GOV, SIR.
I received cash yesterday from the fractional shares, in addition to the RMR shares from HPT, SNH, SIR, GOV. Would the Corvex/EQC/Meister boys have done that? They have sold billions of properties and kept the cash for themselves, manipulated the share price to 40X cash flow with nary a special or common dividend. But the Portnoys are the crooks?
When the Muslim "Bible" says kill everyone who doesn't submit to a caliphate theocratic government, Muslims who don't renunciate should return to the Middle East. It goes without saying NO More of them!
With abundant quality assets, PWE has many options for survival that many don't. Their resources are high quality, low costs and are farming out some of their 4 million acres to enhance cash flow. Noncore assets are worth between $800 million-$1.5 billion according to engineering nav valuations, that can be sold. At worse, they will be able to lengthen loan maturities.
The takeover artists Corvex/Related have stripped away the assets and have kept the cash. They prop up the stock price with derivatives. They are trying to do the same with other asset rich companies, eliminate the dividends, sell off assets, of high dividend payers. The same patterns exist for the RMR Group and VER.