I wish PGH would reduce CAPEX and use the money to reduce debt. The current ratio is too high for a company to absorb a long term low oil price. I like the company and a return to higher oil prices will spike the stock and turn up the price trajectory.
If they do not sell out and file BK, they can give us warrants int he reorg company. I have seen this strategy work out and the shareholders came out alive. We do need to hear from management. The cureent price is far below book value. The curreent price is a buy because anything can happen and it is selling for pennies.