Actually it was dead when oil was over $100. All the while management got rich with fat salaries all at shareholders expense, and continue to do so.
Hope I'm wrong, but it may be time for PGH longs (including myself) to bend over and grip their ankles. The announcement of the departure of Macdougall, and retirement of Causgrove, could not have came at a more suspicious time, just before a critical earnings report. Are the rat's abandoning ship, or perhaps sacrificial lam's?
I have absolutely have no concerns about my trivial grammar errors such as to or too, there or their, doesn't bother or concern me to the slightest, and shouldn't bother you or anyone else either. Obviously I stepped on a few toes with my post, as that's a very common grammar error that's seen over and over on this board and others, and all without others wasting board space trying to point it out. As for "jail" type statement, I already told you, when this stock went from $25. to under $3. all the while certain management members were paid six figures or more for the deed, it warrants JAIL, imo. Shareholders suffer, but management never did! Actually management has done nothing but get rich from shareholders, and I would love nothing better than to see a nice long, detailed investigation into the affairs of management in regards to how they've run this Co. for nothing more than their own personal gain and all at shareholders expense. If nothing else, they've violated ever code of ethics on the books.
If management fired one of there (pardon me, THEIR) own in an effort to lower over head, it would be the first time in the history of the Co. That don't look good either, an act of desperation, or maybe just trying to throw a juicy bone to the natives before giving them the blade.
I have to agree, it stinks! The timing seems to suggest that heads have been sacrificed in leu of forthcoming earnings, or maybe another divvy cut. At only around $3. a share, PGH likely won't survive any bad news, esp. if oil starts falling again, and the natives will certainly demand more heads! This may get.....interesting.
Jail? simple, when management prospers at shareholders expense, well who knows what a good long investigation might turn up. Just think, the share price went for $25. to under $3. all the while certain management members were paid at least six figures for the deed.
I'm positive my spelling/grammar falls in line with at least 3/4 or more of the posters on this and other boards, so if that's all you can fault my post with, I must have hit the nail square on the head.
The current team of henchmen at PGH have lined there pockets so much at shareholders expense while there share price went from $25. to $3. that it is really looking bad on current management and likely drawing to much attention from the wrong people. Current management just might be hearing the distant clang of jail doors and are vacating the premises, or earnings so bad that don't want to be nowhere in sight when announced.
I sure hope he's (kirk) right, but I fear that nothing short of a catastrophe within the Saudi oil fields is what it would take for line to reach 17 by Friday. Just my thinking, and I feel Capt. Kirk is full of wishful thinking.
Who cares? not me. Let em have at it, it's great for population control, which is desperately needed world wide.
Managements intentional mumbo-jumbo to confuse the numbers so they can give themselves another nice big fat salary increase at shareholders expense.
I see it like this, everything we know that exists, dies. Planets, our sun, stars, galaxy's etc. That is the limit of our knowledge, so if god exists, he can only exist in faith until we can prove otherwise. So for any one to rise up in the name of God and kill his fellow man in the name of God, or in support of a God he can't even prove exists, to me that is most ignorant, primitive, even stupid form of barbarism known to Man. If there is a God, and he wanted everyone dead who didn't believe his way, I would certainly think he could kill them all himself with the very thought, he wouldn't need a measly mortal Man to it for him. So in closing, I say let the rag heads kill each other off and be rid of them!
I wouldn't say that, howbeit unlikely. On the other hand, sink a couple Iran ships and see what happens to oil prices! In these times you never know what tomorrow will bring.
That's what they've been saying for the past two years or more. Big oil will not allow NG to come back until there really is an oil shortage other than a man made one. When the fracking oil all plays out, NG will rebound, not until, there's just to much of it.
But look at the bright side, if Hillary makes it, my guns will triple in value overnight, and ammo, it's already tripled and continues to go up. Best investment I ever made.
I might agree that Linn could be back in the 20s or higher, giving enough time that is. But a prime takeover target, no way, not even close, not even a distant possibility at this time.
I think NG prices is something PGH will just have to figure out how to work over and around. I don't think NG prices will recover by any significant amount for at least 10 years. There's so much of it, they burn off enough at the wells every day to supply this entire country for a month.