It would seem TPG is no different than Tom, continuing to take shareholders for a downhill ride while they pick the company clean to cover there losses. We should have known, this all went down as expected.
I'm sure it will pass, but not for several years, can SD survive that long, I think not, there debt will overwhelm them and force asset sells till there's nothing left.
I agree, Ward destroyed this Co. and it's to the point of no return. The market want's nothing to do with it good earnings or not. The one and only thing that could send this stock up would be for NG to take off and hit at least $6. and continue up or at least hold there, and we all no that's not going to happen for at least several years. SD cannot survive that long. I think TPG is now just milking this CO. just like Tom did in an effort to recoup there losses and could care less about shareholders.
The authors are either short, or most likely have friends that are short. The author talks it down and gets a kick-back from short friend. Happens all the time.
Nothing but another bashing article from the short sellers at seeking alpha. They will keep trying to talk it down as much as possible before merger completion so they can cover there short sells.
exactly ! the pps action over the last several months speak for itself. PGH is dead money until (if) some kind of catalyst comes along to push it up. A raise in the divvy would help, but if oil and NG go down we could see PGH fall below $6. easy. When this stock fell from $25. to below $5. investors and traders alike abandon ship and there not interested in another ride.
FLUSH ! There went your money. Tom W. took this Co. to the point of no return and TPG has found that out the hard way. The market already knew it.
The shorts have been in control of this stock since the day this stock went public. As for $4. that will depend on oil prices, if the continue to fall, $4 and maybe even $3. The shorts love this stock, the market and investors want nothing to do with it, just look at the volume as of late.
You're correct, but until the SEC steps in and stops the naked shorting and puts limits on high frequency trading, the problem will only get worse. The SEC is the fox in the henhouse and the rest of the foxes are having a field day and getting rich at. It will come to a stop when they collapse the system and the foxes find themselves at the mercy of the fox hounds.
PGH would seem to be a great investment, but there shares are in the tank and have been for a few years. They have put the screws to there investors so many times that now no one trust management and not likely to anytime soon.
Actually it's a self telling story, just look at what's happened to the trust, SDR and SDT. and continuing to fall. Talk about screwed investors!
Agree, I've seen this this story before and it always ends the same way, B.K. sooner or later slowly but surely. Every qtr. it's the same story and hooked traders saying, "just wait till next qtr." or "next year" and that day never comes. Tom destroyed this Co. and TPG is now just trying to milk dry what's left in an attempt to cover there losses. SD is to far gone to recover, selling assets, oil going down, and dirt cheap NG all points to the end.
Investor/trader confidence in SD is hitting an all time low, it's just the same ole, same ole every qtr. It's always, "next qtr." or "next year", but nothing, time and time again. A lot of investors thought things would begin to turn around for SD with Ward out of the way, but it changed little if anything, just a different group of pockets to line at shareholders expense. At this point about the best thing we could hope for would be a buy-out offer of $6. to $7. but with SD;s overwhelming debt I don't expect any offers of any kind. Perhaps it's time for traders and investors alike to abandon this lost cause and move on to greener pastures, we could wait a life time for SD to pull out of this, and it never happen. As for #$%$ Cooperman, I think he is just pumping the stock hoping to get back to break even so he can abandon ship as well. GL to all.
It' a slaughter alright. I've begun trading LINE on these dips instead of holding for the divvy. I makes a lot more money for now and until the SEC gets it's nose out of LINE's #$%$ this is not going anywhere, so just trade in and out. I sold 1k shares this morning at the open, wish I had done it yesterday as it looks to me like $26. to $27 is around the corner. If LINN was wanting this over $30. it didn't work after all.
exactly! The pumpers have been saying that for years and PGH is still flat on it's #$%$! Now that crude is falling, look out below. If your want to buy PGH, wait till about $4.50.