Can anyone give an educated guess as to why more then 3 million shares trade in A/H on a stock that just averages 2.4 million per day? Total 8 1/2 million for day. And by the way almost all the trades leading to the
end of the day were on the buy side. 1-Is steam already begun in Lindberg. 2-Takeover by CNQ or another
company. 3- Was a pre-arranged sale made for the 3 million shares. Any Ideas would help. But something happened and it has to pertain to some kind of news. It just didn't happen w/o a good reason especially after hours as they brought the stock down and closed it at 3.95 on the last tick. It was trading lower but htey brought it up at the close the last second.
Time is right for mergers in energy sector. Share price down, money is cheap and companies need growth going forward. PGH looks like a perfect fit for someone. Oil prices won't stay down forever plus Nat Gas has been on the upswing. Why wouldn't someone be looking at PGH if the price is right. It's all about risk reward.
Could be, but at higher prices then the close. They paid 3.98-4.05. Usually when you dump the amount of shares that was traded the price would go down not up. Something is going on and I
think probably a buyout coming.
They are a boiler room op. Use an apartment as an office address. They use many names. Be careful .
If you are so afraid of the divy cut, just do not buy the stock. Meanwhile you heard or read the cc and what management said, so make your own decisions. It's called risk reward. For someone who thinks they are sophisticated knowing what is going on with PGH only shows how little tolerance you have for equities. Just stay out and put you money in the bank at 1%.
Sentiment: Strong Buy
Started buying on the dips again. Did not understand the action today as I thought the 3's were gone and then right back down. I bot agian at 3.80 per. All the Oils followed the crude price today and avoided knowing the hedges in PGH and not considering the Nat Gas price increase. Ditto with Line also. Just increasing my position a little more. Looked around to buy something today and with the div and price action PGH actually was a better buy for now. Believe they will execute on time. Just cannot fight the tape which will change shortly as we approach first steam in December. Time to buy if it stays below 4.
Forgetting the numbers right now it seems that they are getting everything ready to have a poper launch. I personally believe from the information they gave which made sense that they will execute and launch in the 1st qtr. They assured us that there was no hitch except getting ready with salesforce etc., to launch then. I really do not believe that they were lying as they have the most to gain from this also. They are on to something witgh there new drugs.
Sentiment: Strong Buy
PGH (Pengrowth) Good candidate to double within the next 6 months. Lindberg field starint to pump in January. Everything is a GO. Good time to get in.
Are you people crazy. What's the difference who has what. The bottom line is that PGH has started to finally move. Be thankful and let everyone make some money. The ones that toot there horn the most usually have less. But there is room for everyone to make money on this stock, especially the ones that hung in there. Let's hope that the uptrend contnues into December when they start the steam and beyond. Remember Nat Gas prices have come alive too which will not hurt. GLTA
Are you for real. I have owned this stock twice and sold in the 6's- 2/3rds and took profits. Now I have been accumulating again. You think you know the bottom. Guess what, no one knows the bottom but you
know the story of this company and dividend. and now that the CC is history if you cannot decide if this
is good for you or not and are trying to play like you know something that no one else knows your wrong.
I have a lot more in way of stock and calls and a/r made decent money as a LT gain on this baby. I
see this as a good reward versus risk and If I pay a little more it won't make any difference. I don't
sit on this board all day telling strangers how great I am. If you like it buy it. No one is going to listen to you
as people make there own decisions. I looked at your posts and all you do is tell people how smart you are.
You the 35k bankroll is so large. But the reality is that will buy you a little more then 9,000 shares and when thi stock hits the 6's you will make 20-25k. Do you really think that this is killing. There are others on this
board that will make 5 times that and you don't see them bragging as to how great they are. The bottom
line is that with all the info you have now is there a better chance for a reward then there is risk. That's
all you have to know now. Good luck.
That may be true today so they say but are you telling me that Oil was in greater demand two months ago when prices were much higher. Now your coming into the winter season in the U.S., do you think Oil will be in less demand. There is a lot more to this then you think. The Saudi's are discounting to the U.S. but not to the rest of the world. Is China's money less green then ours. A lot of the OPec countries want to cut production except for the Saudis who want to control the price and will fire sale if necessary. Do you really believe that they would stick it to the USA with the Iranian problem, Isis, Russia etc. I do not think so. This is more
of a political situation then people think. Yes demand is lower because the USA is producing more. There might be a trade off here by the USA not pushing up the export calender for gas and oil and accomodate the Saudis for a while. There is a lot more to this problem. One major incident and oil could pop overnight
That's true to a certain extent but countries like Russia and most of the Opec countires except for the Saudis and Kuwait and maybe Iraq will not be able to sustain their economies with Oil going below 70 per barrel. There is always a risk but ask yourself if these prices today are realistic to last for any given period of time beyond 6 months. My personal feeling is that the USA is communicating to Russia using Saudi Arabia as a conduit to settle the Ukrane situation. The threat from Russia and Putin has been very real and I believe that the USA is trying through diplomacy to get the Russians to back off from expansion without increasing the new cold war fears that can happen by taking a harder stand and threatening Russia at this time. Also I think we are punishing Iran and Venezuela
and pushing there economies to falter. Just my opinion but I think Oil has become a new dialogue in the global political world without direct threats from Europe and the USA.
Is now the time to start buy buying PGH? After there CC call we now know where we are on the Lindberg field. Steam in December and Heavy Oil in Jan 2015 ramping up to Phase II and III over the next couple of years adding 55,000 bpd in addition to there other business. PGH is basically hedged for 2014 and 2015 at good prices, 90 plus. Dividend is safe. No additional debt at this time. Credit line of 1 billion standing by if needed. The CC call was basically good and when you read it aside for an additional small expense above budget for Lindberg PGH looks almost ready to start executing on there plan to go forward. One additional point is that PGH management represented that they would get a 10% on even 50 Oil. The reward looks much greater then the risks and today the div is at around 11% to boot. Is this the time to buy. The stock
has been beat down to a pulp and the risk of this much lower to me is remote. That is not to say it cannot go down a little more but is now the time to start buying.
Now that we have guidance and seen their 3rd qtr numbers that was a beat and after listening to the CC
where they told us that they are hedged with appro 93 in change cdn. They are protecting te dividend. They are going to start steaming the Lindberg wells in Dec and start delivery in January and ramp up production as they go along, making 10% on 50 cnd a barrel what is there not to lile. So far management has done what they said they were going to do. The stock is 4.,00 per and ask your self is this oversold or what. I didn't do the math but next year at this time you will see a different company. This may be the buy of the year. Isd it this a Strong Buy or what.
Korbat should be fired. How do you miss this. He has consistently screwed up and it is time for him to go. He stinks as a CEO. He cannot get anything right.