"Also as well as informed as you appear to be......."
Informed? His/her post was a copy and paste job. He forgot (?) to put it in quotes. :-)
"May 21 2015, 10:51 ET | About: Penn Virginia Corporation (PVA) | By: Carl Surran, SA News Editor Contact this editor with comments or a news tip
Penn Virginia's (PVA +3.1%) stock price target is cut to $7 from $9 at Imperial Capital, but the firm remains bullish on the Outperform-rated company and raises its 2015 estimates due to increased production guidance and a lower cost structure.The firm notes PVA is raising its 2015 crude oil production guidance due to an increased emphasis on Gonzales County, where the company has the highest returns, and that PVA looks to have turned the corner on completion issues that had hurt its development.The firm continues to believe that with its sizable inventory, PVA is an attractive acquisition candidate, and that dissident shareholders favor PVA being sold."
Not hearing anyone telling management, "Congratulations on a great earnings."
Other than that, everything else was boilerplate b/s......
First Quarter 2015 Results
"Overview of Results
Operating loss was $57.9 million in the first quarter of 2015, compared to operating loss of $14.1 million in the fourth quarter of 2014, excluding $667.8 million of impairments of our East Texas and Oklahoma properties. This decrease was due primarily to a $27.6 million decrease in product and other revenues and increased operating expenses of $16.1 million, which are explained in more detail later in the release.
Net loss attributable to common shareholders for the first quarter was $63.2 million, or $0.88 per diluted share, compared to net loss of $423.8 million, or $5.90 per diluted share, in the prior quarter. Adjusted net loss attributable to common shareholders for the first quarter, a non-GAAP measure which includes our preferred stock dividend but excludes the effects of other items that affect comparability to other periods, was $44.9 million, or $0.62 per diluted share, compared to a loss of $25.3 million, or $0.35 per diluted share, in the prior quarter."
Crazy as it sounds, I'd rather see us retracing up to the close. I'm hoping for the 'reason' to be manipulation ahead of a decent earnings.
Good luck longs....
An uneducated guess.......
I don't see it going below 4.50. However, I won't wait for 4.50 to add on. I'll be adding on if we go into the 4.80's.
Actually, it's honesty/facts I seek while playing this game. However, 'honesty' has a different meaning when imps like you post a message that begins with, "hate ta tell you fellas this , but." Whether honest or not, it's obvious you're posting your message with a smile on your face. You're not looking to inform. You're looking to inflict pain.
Even if you're short this stock, you need some growing up to do.......
"hate ta tell you fellas this , but"
Yes, you really hate to tell us fellas this, don't ya? (sarcasm)
"Highlights for Fiscal Year 2015
Increased volumes in FY 2015 to 4,176 Mboe (+116% y/y) as compared to 1,929 Mboe in fiscal year 2014 ("FY 2014"). Average daily production increased to 11,441 Boepd in FY 2015, or 2% above the high end of our FY 2015 guidance range of 10,200-11,200 Boepd, from 5,286 Boepd in FY 2014
Total capital expenditures amounted to approximately $671.9 million, in line with full year budget guidance
Increased consolidated adjusted net income in FY 2015 to $54.1 million, or $0.58 per fully diluted EPS (+21% y/y), as compared to $37.4 million, or $0.48 per fully diluted EPS in FY 2014
Increased total estimated net proved reserves to 58,870 Mboe (61% proved developed) at fiscal year-end 2015, a 46% increase over fiscal year-end 2014 total estimated net proved reserves, with an associated increase in SEC PV-10 to approximately $983 million (+45% y/y)
Repurchased and retired $20.5 million face value of Triangle USA Petroleum Corporation ("TUSA") outstanding 6.75% bonds for just under $13.9 million
Repurchased 6.5 million shares of common stock at an average price of $4.94 per share in Q4 2015, bringing cumulative repurchases during FY 2015 to approximately 11.4 million shares at an average price of $6.72 per share leaving a total of approximately 75.2 million shares outstanding at January 31, 2015
$428.7 million of total liquidity as of January 31, 2015, including $67.9 million of cash on hand and available borrowing capacity on TUSA and RockPile Energy Services ("RockPile") credit facilities"
"Results of operations for the year ended January 31, 2015 compared to the year ended January 31, 2014
Oil, Natural Gas and Natural Gas Liquids Revenues. Revenues from oil, natural gas and natural gas liquids production for the year ended January 31, 2015 increased 77% to $284.5 million from $160.5 million for the year ended January 31, 2014, primarily due to the significant increase in oil production from new wells and the acquisition of producing wells in the third quarter of fiscal year 2014 and the second quarter of fiscal year 2015, partially offset by normal production declines and pricing declines in oil and natural gas liquids.
Average realized oil prices for the year ended January, 31 2015 decreased to $75.00 per barrel from $88.07 per barrel for the year ended January 31, 2014. In addition, during the year ended January 31, 2015, we experienced increases in both our volumes of natural gas and natural gas liquids sold as a result of expanding gathering, transportation and processing infrastructure."