Possibly, but biotech's selloff today and this actually held up pretty well. I added some at $6,01. We should head towards $6.50 soon I think. Again, these next 2-3 months will determine whether we spike back to $10 plus or start to fade back into $5s or lower. Data suggests this should leap back up. It's just a matter of getting all the results and how they move forward that will drive this stock. Clearly, reading between the lines, their new drug will drive this back up.
Put a damper to a otherwise great week. Hopefully this was just an anomaly and it rebounds Monday. I've been trying to lower my cost basis through trading and ultimately reduce my position here. I just think the next 2-3 months are critical for ECYT.
Are you ok? Recent news and updates from PGH fortify this company as one of the strong players. Well hedged and profitable projects even with low cost oil. This is one of the better plays in the space. Granted there will be ups and downs and yes it could go back down especially if oil slip to $50 or lower, but this one will be one to own on the way back up.
In fact was initially down on news of dividend cut. I agree it's good that they update investors, but so many questions and concerns remain. The fact that they had to change their plans from only a month ago shows how unprepared they were for falling oil prices with no hedging. So what happens if oil drops below $50 as many are predicting. Do they have to revise their plan again? There plan assumes oil in mid $60s which is optimistic at best right now. This looks like a company in trouble. I looked at investing in PWE, but feel this company has too many problems. There are much better companies in this space.
Dumb..sure add oil stocks here as prices are depressed, but PWE..are you nuts..look at how badly it has performed amongst its peers..look at PGH or others in Canada. This is high risk and they may not survive this thanks to poor mgmt decisions not to hedge. If you want to gamble that insiders buying is a good sign than go for it, but prior insider buys have proved bad decisions so I say avoid it.
Actually they did the opposite by adding the paragraph in twoblackcats' message. Clearly, we all expect dividend will be reduced and it would be prudent to do so over the short term. The stock price is pricing in a dividend cut to $0 and major capex spending cuts and major loses over the short term. The hedging will help out alot, and I feel PGH is well positioned to come out of this energy collapse. I think with more clarity we will see this stock lift up back $4. Good job by mgmt to give investors a heads up before they announce a dividend cut and also update investors on 2015.
They are not buying this piece of #$%$..they are looking at the stronger players in this field. PWE will be lucky to remain intact in the next 2 years.
Most over used word. Sector is down big today and this is just following suit. Just like it went up big the last few days with sector. Worth adding around $6.20. Sell $6.50s or higher.
This one probably closes production and maybe gets bought out at pennies on the dollar. This is worst of breed play. Look at it's peers..worst of breed in a bad industry..can't get much worse.
How much have they hedged against oil prices? How can you say mgmt has done things right. Had to deal with acct issues. Haven't hedged properly against oil prices. Just look at it's main competitors and you see how they have failed here.
No if you want to play this sector look at stronger plays like PGH. PWE is in trouble.
Best play in it's group will come out of this stronger and pick up pieces of weaker rivals who collapse. Look at PWE with it's weak mgmt and acct issues. PGH poised to benefit from the mistakes of others.
You know a company is full of nothing when they are releasing horse cancer treatment results. This is going to be worthless soon enough. If you are not convinced it's time to bail on pump news like this than you are blinded by reality.