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.
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.