Fri, Aug 29, 2014, 6:40 AM EDT - U.S. Markets open in 2 hrs 50 mins

Recent

% | $
Quotes you view appear here for quick access.

Penn West Petroleum Ltd. Message Board

lasvegasfreddie 29 posts  |  Last Activity: Aug 27, 2014 6:01 PM Member since: Oct 25, 1999
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • lasvegasfreddie by lasvegasfreddie Aug 27, 2014 6:01 PM Flag

    Maybe VZ will buy BCE and move their offices to Canada like Burger King LOL

  • Reply to

    time to exit

    by sgthoov Aug 26, 2014 9:32 AM
    lasvegasfreddie lasvegasfreddie Aug 26, 2014 3:37 PM Flag

    As far as natural gas prices, I believe at least for this winter you will see elevated prices, They are starting to creep up again and are at $4. Storage levels are at record low levels as this time of year (about 500 BCF below the 5 yeat average) and the farmer almanic which historically has been more accurate in recent years than NOAA is calling for a brutal winter in the eatern 2/3 of the US. If that is the case natural gas costs could exceed well over $7 which will cause fertilizer costs to go up for everyone but CVR.

  • Reply to

    time to exit

    by sgthoov Aug 26, 2014 9:32 AM
    lasvegasfreddie lasvegasfreddie Aug 26, 2014 12:29 PM Flag

    You have to appreciate this stock has an extremely low float, so traders can easily move the stock one way or another. Right now the stock at these fertilizer prices is set to return almost $1.35 per year in dividends almost tax free. Thatis pretty good return. My guess that of the 18% float only 2-3% of it is actively traded by individuals that are esentially day traders.

  • Reply to

    Buffett 50 Billion Cash

    by georgia_stock_investor Aug 4, 2014 9:34 AM
    lasvegasfreddie lasvegasfreddie Aug 4, 2014 12:19 PM Flag

    PWE is most vulnerable for a hostle takeover between now and when they report earnings (hopefully on he 14th). I am worried that something will happen, with potential proxy fight . Any offer will be low probably be in the 12-13 range hoping to take advantage of unhapy investors. I would preffer that they stay the course and complete the turn around because the stock potential will be much higher with improving dividends.

  • lasvegasfreddie lasvegasfreddie Aug 4, 2014 11:50 AM Flag

    This is MLP that is based on returning its free cash flow to the investors not a PR stock like AMZN. You should get out.

  • Reply to

    Outlook

    by lasvegasfreddie Jul 31, 2014 11:35 AM
    lasvegasfreddie lasvegasfreddie Aug 1, 2014 12:50 PM Flag

    I hope you are right, I am counting on 35 cents. still a good return. $1.40 er year in a down year for UAN pricing, is pretty good. the stock should be at 20-21 which would be a 6% plus return.

  • Reply to

    Dividend secure in immediate future.

    by badbluemoon59 Jul 31, 2014 5:35 PM
    lasvegasfreddie lasvegasfreddie Jul 31, 2014 6:39 PM Flag

    So nobady gets confused in reading articles cash flow (when some consider the revenue component ) is predicted to decrease by 7% according to one of the Canadian banks, but free cash flow will remain the same. It was slightly positve last quarter and should be even more so this quarter (which is what you should be concerned about). The reason is when CAPEX gets booked to OE the net income goes down but the CAPEX goes down the same amount o net net the free cash flow is same. The dividend is more covered.

  • Reply to

    Outlook

    by lasvegasfreddie Jul 31, 2014 11:35 AM
    lasvegasfreddie lasvegasfreddie Jul 31, 2014 12:35 PM Flag

    When you say everything goes like it should, that means no unscheduled shutdowns, which is always a possibility. As far as the crew goes, I have no complaints, they can't control world pricing of UAN. It appears they handle business very well.

  • Reply to

    Proxy fight

    by choppertoyou Jul 31, 2014 9:00 AM
    lasvegasfreddie lasvegasfreddie Jul 31, 2014 11:39 AM Flag

    I totally agree, but it does give an indication that PWE may ripe for a hostal takeover, which would be unfortuate. Giving the accounting scandal investers may give up the stock in the $13 range, which is significantly below the value of the company. As a side note IR said that the August 14 earnings release date is still valid, although, it may be delayed a few days, but they are working toward that date.

  • lasvegasfreddie by lasvegasfreddie Jul 31, 2014 11:35 AM Flag

    Looks like based on projected UAN pricing for second half of the year and production guidance, we will be stuck at distribution between 30-35 cents still not to bad return. Pricing is down 10% but production up 10%, indicates revenue should be about the same. OE should be comparible to thisquarter, maybe slightly higher because of additonal fuel costs. I own for distribution, I look for consoldation eventually in this space, with UAN being a prime target, because it is low cost producer.

  • lasvegasfreddie by lasvegasfreddie Jul 30, 2014 5:26 PM Flag

    Web site stills show August 14 (it was delayed from July 30). I wonder if this is still a valid date.

  • Reply to

    Setback

    by mrpev Jul 30, 2014 4:00 PM
    lasvegasfreddie lasvegasfreddie Jul 30, 2014 4:03 PM Flag

    Don't be worried about CAPEX, CAPEX may go down becsue they reclassify some of the CAPEX spending as expense. Still will drill the same number of wells.

  • Reply to

    Panic over cash flow

    by evetsnibur Jul 30, 2014 11:59 AM
    lasvegasfreddie lasvegasfreddie Jul 30, 2014 1:22 PM Flag

    I did not read the borrowing costs would increase and BNN reported the covents that were violated were not financial, which is strange.

  • lasvegasfreddie by lasvegasfreddie Jul 30, 2014 12:23 PM Flag

    Unfortunately management will not make any additional statements or BNN appearences until they report, this may put additional downward pressure on the stock.

  • Reply to

    Panic over cash flow

    by evetsnibur Jul 30, 2014 11:59 AM
    lasvegasfreddie lasvegasfreddie Jul 30, 2014 12:20 PM Flag

    They stated the funds flow (which is a proxy for cash flow) was not afftected in 2102 and 2013, but it may be affected in 2014. This may be a result of additonal expenses as result of these accouting errors (maybe royalities), but I understand your statement if operating expenses are increased and CAPEX reduce by a like amount it has no affect on cash flow. I don't think funds flow will be materially affected in 2014, but we will have to see.

  • Reply to

    About the Accounting Staff

    by lakenonapatriot Jul 30, 2014 9:38 AM
    lasvegasfreddie lasvegasfreddie Jul 30, 2014 11:52 AM Flag

    You are right. I don't think this will materially affect the financial condition of the company. Cash flow will not change as resuolt of this. I am a little confused on severalaccounting ofr example things depreciation will be slightly less as cpaitla is reduced, what are the affect on taxe s it appears that taxes should go down in this year and prior years.I dont understand how net income or funds flow are not affected in 2012 and 2013 as the press relase stated. BNN reported that the covents that maybe affected are not financial, hopefully they will report as soon as possible.

  • Reply to

    About the Accounting Staff

    by lakenonapatriot Jul 30, 2014 9:38 AM
    lasvegasfreddie lasvegasfreddie Jul 30, 2014 11:27 AM Flag

    There is some conflicting information in the news release, they stated that net income and funds flow would not be affected in prior years, but it may affect funds flow going forward. Also in analyzing the the report, in appears cash flow will not be affected that much, although the asset values on the balance sheet will be. .The overall financial health of the company appears to be the same, although tthisaccounting mess up will affect the confidence in the company by investors for several quarters.

  • Reply to

    WILL PWE BE BOUGHT?

    by iitriumvirate Jul 23, 2014 9:31 PM
    lasvegasfreddie lasvegasfreddie Jul 24, 2014 12:05 PM Flag

    My feelings is that almost all of these mid major oil companies with good assets will be brought by the the larger companies at some point to insure oil gorwth for these larger companies. That is why Repsol is on looking.

  • Reply to

    Q2, 2014 Results

    by btdarb Jul 15, 2014 12:55 PM
    lasvegasfreddie lasvegasfreddie Jul 15, 2014 1:11 PM Flag

    I would suspect they delayed the earnings release because they wanted to include an announcement of an asset sale that they anticpate closing. I am sure the financials reprts will be done well before July 30.

  • lasvegasfreddie lasvegasfreddie Jul 14, 2014 11:52 AM Flag

    I do not think the board would accept 13-14 dollar. PWE is still a take out candidiate, but it would be done by a larger canadian oil companies or possibly a US company at much larger price. When this quarter is reported in a few weeks, one slide to look at is the depletion rate vs oil addition, if that swings substantially posiitive, that wuld give a better indication of the growth rate of the company going forward after the sale of the assets. I would imagine that analyist will look at that very closely.

PWE
7.75+0.05(+0.65%)Aug 28 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Williams-Sonoma Inc.
NYSEThu, Aug 28, 2014 4:02 PM EDT
Veeva Systems Inc.
NYSEThu, Aug 28, 2014 4:01 PM EDT