I know many longs have been killed by this ch11 speculation and stock crashing from 90 cents a couple week ago to low of 25 cents today. But we had a clear bounce off 25 cents , the previous low of last week, today agai which appears to be a classic double bottom.
I added some at 0.261-0.3..
Just call the IR and find out for yourselves; Also, management can't file bk protection even if they wanted to (but they don't) because no court will agree as they have cash on hand and they'll be sued to take hundreds of million in credit line and then file bk.
Actually the S&P report bodes well for the stock as if you read between the lines it is telling the market that BK is not in the cards.
I expect the shares to be back up from here.
Just bought 100,000 at 0.34 after seeing the article.
Agree; Even if you tried hard and despite oil prices you could not do a worse job; mind you the stock closed at ALL TIME LOW today; What ever the heck this management has up their sleeve they are completely hiding it from the shareholders; For god's sake why would a management take out such an additional huge loan and not mention anything about their intention if their had any good intentions?
Where have this management ever done anything to support the shareholders; it is obvious their don't care;
I say complaining is enough and the shareholders should hire legal counsel and demand answers as even their investor relation does not seem to care.
I beg you longs; Lets do something about this management.
I am a long time supporter of this company but have finally realized that this company's management don't give a hoot about the shareholders. Just try calling the INVESTOR RELATIONS and speak to LEE AHLSTROM and you will be very disappointed as he don't seem to care. SHEA BURDEN is even defensive and disrespectful while not even wanting to talk to you. As for the CEO don't even start me..
Listen LONG; I believe we've been trapped by this management; This latest taking out of nearly $350 million dollar in loans specially smells of not so good intentions.
I ask you longs: is there anything we can all do besides selling at steep losses; I really like to listen to any sound suggestions.
I am open to all ideas including hiring legal counsel if deemed feasible.
That is one not so funny mean game they are playing with PGN shareholders. My guess is that they realize PGN is #1 cheapest bargain in oil sector priced by error for BK before the latest earnings and other company actions it is made it obvious that the company will be just fine until at least 2019 no matter how low the oil price drops and even it lasts until 2019. Of course once oil stabilizes or rises watch out for PGN to zoom stock wise and revenue wise ...Otherwise the chances of BK for this company is pretty much ZERO. But manipulators are trying to shake and distress the shareholders and weak hands to sell.
HOLD on to your shares for the long haul as you are sitting on stocks with great potential of monthly income for you the shareholder in terms of dividends while you capital in terms of share price also goes up in near future.....
Shorts are nibbling out and NOBODY is selling. Did not add this morning but will if opportunity presents itself.
Sentiment: Strong Buy
The company proved it is solid and deserve better than just 52 mil market cap which is less than just this last quarters NET income of over 53 mil. Let me repeat...They have a NET income of over $53 million for a SINGLE latest Q but their market cap is only $52 million? OUTRAGEOUS but good work by shorts...Of course short now know it is time for short squeeze....
HOUSTON, June 15, 2015 /PRNewswire/ -- Paragon Offshore plc ("Paragon") (NYSE: PGN) announced today that Lee M. Ahlstrom, Senior Vice President – Investor Relations, Strategy and Planning of Paragon, will present at the Global Hunter Securities 100 Energy Conference 2015 in Chicago, Illinois at 4:00 p.m. U.S. Central Time on Tuesday, June 23, 2015. A live webcast and presentation slides will be available at the time of the presentation on Paragon's website , under "Events & Presentations" in the "Investor Relations" section of the website.
This is amazing; Also beat revenues estimate by over $12 million at $430 million. Many salutes to you Paragon for proving your doubters wrong and your enemies silly!!!
With North American oil production starting to peak and Paragon expected to report a strong quarter, now might be an opportune time to initiate or add to a position in Paragon Offshore on the speculation that the contracting environment will start to improve.
BIG SHORT SQUEEZE coming soon. With small float and large number of shorts expect an stampede sending this well over 4---- 5---- 6----7 in a short while . remember even at 7/share we'll be still down 10 from what it was about 6 months ago and before factors outside company's control and performance knocked the shares down. Also remember that despite such historically adverse oil market this company has not had a single contract cancellation and actually their revenues have stayed as solid as ever.
Many stocks get punished for no good reason in adverse market conditions. Just look at thousands of stocks such as CITI, Bank of America, etc etc that were dragged down to low single digits when housing went south like oil did last year and now most are up several hundred percentage points since.
PGN will eventually reach back to 17 of last July and beyond. HOLD ON TO YOUR SHARES despite any up and down days. This is a great company with a great management with much foresight. PGN shares are things for retirement. Just last July the company was paying $1 per share in dividend which they had to stop because of the market condition but this management likes and understands the value of divided and they'll be back paying out big bucks as soon as possible. I can envision few years from now when PGN will be paying$ 5 or $10 a share just in dividend. ADD when you can but hold on to your shares and like the guy said place a sell order at a very high amount for GTC so shorts can use your shares.
Sentiment: Strong Buy
Very funny to rank a company "market perform" and yet have a price target lower that current price. By Market Perform to they mean performing down? Then why do they also have under-perform rankings in their arsenal.
Also the most importantly they don't say why they lowered the price target and based on what oil prices in the future? Were they may be expecting the oil prices to crash much further and hence lowered price target? What would be their price target if oil went upto $200? Do they even know for certainty where the price of oil would be one month or one year from now or what Saudis or others may or may not do in the future? Of course they don't know any of these important factors and hence they should shut up and stop with opening their mouth although I have no doubt they have an incentive to keep the price down following the good news from the company yesterday.
afters day after day of bloody res over since Feb 9th we finally see GREEN. I've had to pinch myself to make sure it is not a dream...Is it possible that short sellers have finally let it go and those on the sidelines have realized how silly cheap this is become?
The only reason this was up today was because of short covering; But it feels as though most shorts may have already covered. If so I truly believe this will go back under a dollar. Remember an analyst downgrade yesterday wit h price target of 0.75..
Analysts expected profits of only $65 million (with an M) but NBG's profits came at $125 Billion (with a B). The report needs to look at more carefully as it includes some tax deferred assets but no matter how you look at it NBG is a major winner and will be heading much higher from here ...This is an extraordinarily great earning report folks. We should be getting upgrades....
Sentiment: Strong Buy