Sure the price of oil will (long term) rebound, thats not the problem. The problem is whether pgh and pwe etc can hold out long enough.
Oil producers group OPEC can ride out a slump in oil prices and keep output unchanged, its head said on Sunday, arguing market weakness did not reflect supply and demand fundamentals and could have been driven by speculators.
The mergers and acquisitions market for western Canadian energy assets is headed for “paralysis” as spiralling oil prices play havoc with asset valuations, a Calgary M&A consultant said Friday.
“There’s going to be paralysis, I think, between buyer and seller in the short-term (in terms of) bid and ask spreads,” said Tom Pavic, vice-president of Sayer Energy Advisors, as crude oil for January delivery lost another $2.14 to settle at a five-year low of $57.81 US per barrel in New York.
“Buyers will be focusing on current pricing and sellers will be looking for higher values based on engineering reports at higher prices,” he said.
"Apply the same "HUGE" premium to PWE's current trading price, and what do you get?"
A HUGE loss!
One HELL of a story. Thanks for finding it.
I think you should repost it as a NEW item (rather than just a reply) to draw more attention.
Yep, to make up for a potential (maybe) gas savings of a few hundred a year go out and blow $40K on a SUV.
Just out - Google for it
Federal and state officials on Wednesday watched the first in a series of crash tests on highway guardrails that were recently taken off the market, although thousands still line the nation's highways.
The guardrail performed as expected by giving way when hit at an angle by a pickup at a testing center in San Antonio, Texas, said Tony Furst, an associate administrator of the Federal Highway Administration.
The modern generation does not know what "investing" means. Did you see the article a while back investment funds hiring math geniuses instead of people with financial backgrounds. After all the ALGO's are all that matters./