Down 70% in September, down 16 of the last 17 sessions except 9/11!!, ALL as a result of the actions by PGN's incompetent and careless management (oil prices have been stable this month) ...Obviously the last thing they care about is the shareholders. They have taken many steps to destroy the shareholders while not taking a single styep to at least cover up the fact that they don't give a hoot about us. This management is right at out face telling us go f yourselves ...I hold my head and say what did we ever do to them to deserve such content except pouring our hard earned money into their company and support them. How can this management live with themselves and look themselves in the mirror; Only if they knew what hurt and damage they've caused.
They've done many things to hurt the shareholders (the proof of which is share down 70% since beginning of the month) while doing NOTHING, ZILTH, NOTTA, ZERO, and absolutely nothing to help us. Where is the fairness and their fiduciary to shareholders in all this. This management is really destroyed many many shareholders and ruined their savings. And now their use the same shareholders money to hire two law firms to cover up so they can defend against our upcoming lawsuit. What a pitiful and unjust management.
What a pitiful performance. Since closing @ 90 cents on August 31st we've been down nearly 70% just since beginning of this month, and since this "smart" management began trying to "fix" things, on top of having been down 93% over the previous 12 months. This management has been the #1 enemy of shareholders and this stock. Oil prices have actually been for the most part stable to positive this month and PGN is down 70%. Wow.
Isn't this management supposed to look out for the shareholders?
I am joining the lawsuit.
with little more than one hour left in trading volume is barely above 1 million . with average daily of near 1.8 million. No body rushing out the door despite all the speculations.
For god's sake have some mercy on your shareholders; you have not done anything for them; every step you've taken is been to their detriment. Please for once take a very small step to help your shareholders; Just one time. Please.
It appears you've implied to anyone calling you today that bk in not your intention and what you plan at all; At lease do a one liner press release to that effect or stop stringing people along.
Just the fact that the lenders allowed them to tap into their credit line to the tune of $332 cool mils tells me that at least from the lenders perspective they are credit worthy and that if they had to show a plan of action as to what they intend to do with the money that the lenders like it.
My gut feeling tells me one should probably buy here and before the news is out that they are buying back their debt or shares or another company on the cheap, etc.
Actually PGN has much more cash and much less debt than DO....If DO cap is 3.3B then PGN rightly deserves to have a higher cap. Also remember with the prospectus deal that PGN will now be financially sustainable no matter how low the oil goes well passed 2019.
I see PGN a five bagger from here and within the next 12 months easy but won't be surprised if it is a 10 bagger. Remember even at 10 times current price it will still be well under 10 bucks whereas it was over 17 bucks just a year ago.
Obviously PGN is going to be on the list of survivors of this oil bust. I have been adding to my shares and plan to hold on to all of them for the long run. I believe this to be the opportunity of a lifetime.
Sentiment: Strong Buy
Greece parliament will announce in less than one hour that they have passed the bail out plan. But then what? As Kramer report mentioned yesterday and as IMF has said the debt is just much too much for Greece. Kramer thinks the NBG will be recapitalized and stock will become worthless....
Sentiment: Strong Sell
I am also adding because the same way PGN dropped it will suddenly jump. And you are correct in that the stock is dropped from 3.35 in Feb 9th to yesterday's 1.74 which is exactly, to the penny, 50% correction in 23 days; but if you look just a few days further back you'll also notice the share went from 2.02 on Jan 28 to above mentioned 3.35 on Feb 9th, a gain of nearly 65%, in half that time or just 12 days.
So just hang in there and add if you can and you be ok, Also note that there are no profit takers right now as it is trading at all time low. I also agree that there is no good reason out there for such huge price drop which is all that much better for those accumulating.
Sentiment: Strong Buy
Talk about strange market "knee jerk". NBG and Greece itself are able to raise funds by going to the markets and investors for the first time in 6 years indicting they have dramatically improved and they are trusted again along with multiple upgrades and NBG shares prices rather than go up they tank?
This is one "knee jerk" reaction that is soon going to be reversed. No wonder all the upgrades.
Sentiment: Strong Buy
It is NOT old news. If you look at the copy and paste from Shabamoon you'll see it is dated May 13th, 2014. Just minutes ago I was looking up NBG on TD Ameritrade and seems it was posted there as fresh news for today and repeated 5 times under slightly different headings or by different news agencies. But at least looking at the message boards it seems nobody found out about it until after markets had closed.
what time today was the report released because I don't think anyone knew about before markets closed. If so I believe NBG and other 3 Greek bank stock should and will get a bump tomorrow.
current market cap just above $8 billion. Following today's offering their cash hoard reaches nearly $17 Billion. On top of that the offering makes them able to buy back 1.35 billion Euro of preferred shares by Geek state.
That proves that the investors think that the offering price is too low and expect it to zoom up hence they all are lining up to buy at such low low price offering. It won't be long for it to fly again and this time may be for good as it is extremely unlikely that they would need to raise funds again with extra $1 billion cushing they built into this latest offering.
Thanks Red. are saying I should or should not buy call options for NBG at this time or wait for more opportune time?
But also please answer my other question as to which call option is the best or is the one you recommend for someone in my case that needs much gains to get back in living again.
Also, could others please chip in to help? Thanks.
I got wrecked in the last market crash of 2008 and have finally saved some money. In order to get even a fraction of my losses back there is no way I can do it by simply buying stocks but there is a chance if I buy options. I have been following several companies but NBG is turned out to be my #1 choice for buying call options now that is only a buck away from its all time low. I know all about every news regarding NBG and have been reading their fillings, the web site, analysts reports , message boards, etc and don't need any advise about NBG itself.
I just need people to help me decide whether this is the bottom, close to the bottom, etc and when is a good time to buy call options if I have already set my mind on that. Also PLEASE guide me as to which call option is best to buy. I am leaning towards Jan 2015 as they are dirt cheap but need help. Of course I know why they are cheap and I don't need any brotherly advise ...