well V10, you caught me bluffing a winning hand,
was playing it safe.
100% is possible,
I won't kick or complain @ 50% +...
Sentiment: Strong Buy
If production meets the numbers, and the markets follow current trends;
I'm betting the share price increases another 30 to 50% by then, (2018).
And that, along with dividends will greatly reward the patient long term investors.
Them blurry eyed, tick by tick technical chart gazing channel surfing traders will also catch a number of well formed on shore waves ..
as some boards go, this one is fairly polite and well informed,
twin cat's provides comic relief from the steady increase of PGH equity value, and monthly spendable divy income .
i find this board's cat, fairly typical of self absorbed comics, (lacking awareness of his role);
he climbs into bags, leaps at toys, falls into toilets, and chases laser lights in what ever
direction the conscious nonreactive posters lead his professional nose toward ..........
one thing for sure, cats;
every body on this board has been saturated to their core, by the "opinions yours" ...
Dirty Harry summed your type and manor best, when he said;
"Your A Legend, in Your Own Mind ...... "
no div change for a year to 18 months,
would be my guess..
Not happy with 6.5% at this price?
There is also lot of the voting stock getting 8% or more, and likely seeking further growth?
Sorry Banana, but I can't follow your logic or your erroneous use of terms..
NET BACKs linked to all your other suppositions represent little more than a clever way to
confuse everyone. Net back is the adjusted return, after costs are all added and deducted.. The term can be used to reference actual numbers, or in terms of projected
studies, but should not be used with mixed up amounts, subjective dates, with your own style and flavor gross totals added in up front, then compared to some incomplete data study..
If your going to indite the whole of PGH management, banks, and investors as being fooled, silly, lax, and/or stupid, (or receive thumbs down ratings);
You should at the very least cite the pages (with dates and numbers) and use all terms correctly.. Line it up or point out the pages were PGH has lied or falsified. Last time you came around you slipped in totally incorrect cost projections, along with limited references designed to distort or confuse your readers.
The company has set forth budgets and done careful engineering, and has indicated very clearly via "flow charts" how much money will be spent to bring each phase into operation.
Your posting style and dates of appearance here ------- very suspect..
Yes I did,
and not only rewarded on the core position, but on several thou shares picked up today..
Come tomorrow we find out if any them traders, still want to sell the news......
It's the whole sector, and that makes tracking this one all more difficult and/or confused..
Must repeat again, there are many who really do; Buy the rumor and sell the news..
The whole oil sector has a whole in the bucket and/or pipe line...
If it was a buy at 7, it's a better buy here...... But that does not stop more shares coming to market to freak weak hands out....
Opps; Intended to address to attention of HMM ..
We clearly share the long view here...
I also tend to comb the news for little bits of data not previously considered or used..
My personal hope is the news equals or betters the data you recorded here..
Today I am wondering one primary topic ~~~~
Since there is clearly a group who really use the power of massive share amounts to test and prove the technical side of the trade against the power of fundamentals;
Are we going to see the proof or test of the saying:
"Buy the rumor and sell the news" -------------- in the near term?
If the reserves exceed expectations it might tend to over-ride, but if the numbers come in modest by some subjective gauge ----- might a positive news driven sell off -- still take place???
No matter what I do concur; The Best Is Yet To Come, for sure.......
Lot's Of Luck ..
Prudent patience typically is rewarded, lack of patience often misses prize.
Largest opening volume in months.
I really do not care if all sells in the final minutes, as this is more like an endurance run than a sprint, which is exactly what the management has indicated to be the companies forward looking goal ...
happy to see someone besides me spotted the weight of trade at open...
even it sells back down, there is clearly strong support even at these near term levels now.
Big volume trades this morning, as PGH blows right past 7 !
Considering direction, that monster volume is all that needs to be said bout Price or Politics.
The catalyst might well be distant fires spotted, but it also points toward something to replace loss with.
There was a 400K cap to sell past early, which either sold or got pulled, as the price leaped right past !!!
Looks like more Big Volume trading..
Expect correction, happy if there is, or not!
Sentiment: Strong Buy
When I spoke with Fred on the IR phone line, several months ago.
It was really clear to me, the focus was "CONVERT THE COMPANY TO LONG DURATION HIGH YIELD, LOW DECLINE BUSINESS MODEL" ... The course of action, was away from the more typical aspects of oil
exploration and recovery (most investors here would know these forces all too well )..
I do not deny nor dismiss the really shocking loss of value resultant of past/poor performance! (back about 3 years ago).
On the theme topic Sustainable Trends; Appears to me, the leash on price has been choking tight for
quite some time, but loosening UP while matching progress for those who marked or started buying at the bottom ~~~ post NAL and other major changes ..
But then again, what do I know? (except for what I read and/or observe)
ENY CVY FCAN FRAK EWC ...
It's a whole lot of work to spell them out.
Got an idea?
While the Iraq and middle east troubles --- are serious matters, the action here has been upward and steady for a lot longer than just 11 days.. Not to discount the impressive 11 day run.. Today there was a very large number of shares come to market in the final minutes, with no impact or effect.
Was that a settlement, a move to cover, or perhaps a hedge fund testing?
Despite my personal interest, or the fact that PGH is going my way -- after so much money like blood I shed in prior years ------------ Perhaps there are a lot more factors come together here than meet the eye?
Perhaps it's a few key forces, or all the forces playing out, like a well practiced musical ensemble....
Perhaps the markets really like the tune, and the rhythm and the word and trend is getting out?
Maybe some news slipped or was purchased?
Maybe there's a trading set up with trap door up ahead?
Maybe it's the middle east, or North American forces, and maybe it's the timing or rhythm as a whole ?
What ever it is ------------ Agree or disagree with my comments; There have been clear hurdles along with way. Events that have been listed here as facts called history..
If the news is out it does not matter, there's not much doubt which way the interest or anticipation leads;
P-1 reserves in 11 days.
Steam comes end of summer, or early Fall.
Oil starts to flow come new year.
And a divy every month, before and after..
If the middle east is the catalyst, it only proves there is something explosive here.
And, if any of these hurdles are a miss --------- It better be for good reason, or I will dump!
I think the smart money is piling on..