its always the most exciting and usually the most profitable on the turn around cycle.
jabbi..if your still working for your clients..you'd better takea look at PWE... i dont care if its the devils babby food company....when insiders load like they have..you get on the train.... i'm sure RT will show up there soon.
your gonna continue to see markin and company buy up shares until you have an official quiet period......
these guys are ar'nt asking for options... they know this price wont stand for ever.
Stage 1 is about to gas up as we break past $12 ...and solidify in the high $13.80 range....very little resistance.... Stage 2 ...will take more time $14 to $17 ..... Eventually w ll see stage 3 ... $24 plus.
lots of momentum now....200 and 50 day looking great.... fundamentals and techicals is giving Fve the wow factor.. Markin is giving the market alot of confidence
RT..you cant ignore PWE anymore..shes on fire today....please dont report me...please..please
He must have re worked his spread sheet on cash flow already... and said this is a once in a life time opportunity for himself.... he's north of 10 million dollars over the last few weeks.
i dont want to abuse any rules... but heads up..its there more insider buying on friday...please, please dont report me... This is still my favorite BB
just lets the restructure happen..patience...major turn arounds always have three stages... we are still in the bigginings of stage1 . $10-$14 $14-19 $19-35
We all want to move straight to stage 3... but those negotiations take alot of time..and more players still need to come to the table.... but once the table is set..will see a firstorm of activity.
I dont see a spit in the cards.... This company is seen as a more pure play than ever before... Improving the balance sheet and bringing on new blood has already started. PWE has many backers ready and willing to take a big piece of her pie... Once the balance sheet is reset and production increases resume so will divy hikes..enough to maintain 5% even after she breaks $20.... This is not your everyday opportunity in the patch.
How Big a piece are we gonna let them have... They already have a seat at our table.
China Investment Corporation .
(5) Sole voting power
23,704,4341. Percent of class represented by amount in Row (9)
5.0%
The pedigree of penn wests light sweet assets have been described as secound to none..... I think were gonna see a block buster partnership deal here.... i dont think these guys want to give up total control to another entity... these assets cant be replaced.....
100 million shares @ $27..for a 22% stake and a seat on the board if they want... wipping out all our oustanding debt of 2.8 billion..... would take our stock to $40
Somebody reported me a abuse...lol... locked me out of posting last night..RT.. this smell of your action !!!
I recommamend waiting to see the NIC results july 15.. and get a better look into the sector as a whole.... until then... all eyes on PWE and the insiders for now.
You have to understand..China has not stopped with Nexen..the Goverment has put in restraints on totall control for the red rebublic..but encourages minority interests....if they come to the table it will be with billions.....There no better opportnity for them anywhere. Geoge and Markin already know this.
We could see a big venture deal with China in the billionss of dollar range..... With the only constraint control remains Canadian..... More than likely they would offer up 100 million shares @$27for a 27% stake in the company....essentially wiping out our entire debt.... Would send the stock instantly to $40
Insider name: George, Richard Lee
Insider's Relationship to Issuer: 4 - Director of Issuer
Ceased to be Insider: Not applicable
Security designation: Common Shares
2293436 2013-06-06 2013-06-11 Indirect Ownership :
Novo Investment Group Ltd. 10 - Acquisition or disposition in the public market +75,000 10.4000 380,000
2293439 2013-06-07 2013-06-11 Indirect Ownership :
Novo Investment Group Ltd. 10 - Acquisition or disposition in the public market +75,000 10.4000 455,000
Insider name: Markin, Allan
Insider's Relationship to Issuer: 4 - Director of Issuer
Ceased to be Insider: Not applicable
Security designation: Common Shares
2293999 2013-06-11 2013-06-12 Indirect Ownership :
Markin Petroleums Ltd. 10 - Acquisition or disposition in the public market +100,000 10.7500 2,263,800
Insider name: Thornton, Jay
Insider's Relationship to Issuer: 4 - Director of Issuer
Ceased to be Insider: Not applicable
Security designation: Common Shares
2293452 2013-06-05 2013-06-11 Indirect Ownership :
Novo Investment Group Ltd. 00 - Opening Balance-Initial SEDI Report 305,000
2293456 2013-06-06 2013-06-11 Indirect Ownership :
Novo Investment Group Ltd. 10 - Acquisition or disposition in the public market +75,000 10.4000 380,000
2293459 2013-06-07 2013-06-11 Indirect Ownership :
Novo Investment Group Ltd. 10 - Acquisition or disposition in the public market +75,000 10.4000 455,000
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RT..investors are moving over to PWE now that insiders put 12 million plus of there own money into the company over the last few weeks and a new retired CEO from suncor took the helm as chairman.. in his words said all options are on the table.... take out prices range from $18 to $40..and paying a 5% divy to be patient... back up the truck RT..back up the truck
Rt--the concensus seam to be she's going to $18... sooner than later..i'm expecting a finders fee from ya...
Ecana now announced a new CEO from B.P....He says everything is on the table.....
Penn West... is a much easier ship to right size..polish up..and unlock the value hdiden inside her..... paying you a nice 5% divy to buy popcorn and watch the show....