April 22, 2015 7:39 AM EDT
Nomura Securities initiates coverage on Chesapeake Energy (NYSE: CHK) with a Reduce rating and a price target of $13.00.Analyst Lloyd ...
I have been with them since the 70's. Their ratings have enabled me to pick the great value plays. I trust them without any reservations. Examples: rad. URI. Nok. Car
Yes, Penn 2 and that is from a system of 100 points. 1 is the best and 100 is the worst. Exxon is currently rated as 48. PWE was rated a 2 prior to the drop in crude. Now we are back. I have 124k shares because of their ratings.
1st, I am a happy long and know B is not a risk. Sorry, if the company chooses to request chapter 11, and the judge grants their request, a recovery is possible for the shareholders. It is not a pretty process and the creditors eat first.
I agree and well said. I have not bought any since September. Plan to let the inventory glut play out a little longer. When a stock falls so hard, I take the position that I would rather miss the bottom, than buy too early, especially when the dividend has been cut so severely. I use Schwab's rating to validate my thinking on these value pays and this strategy has rewarded me well. They use a 100 point system, 1 best 100 worst. In the fall they rated PWE as a 4, then as the oil price feel it weakened to 22 and recently began to improve to an 8 last Friday. I got into CAR, URI, NOK, and RAD when the market had these punished as severe as PWE and the bashers were saying BK. CAR went from $2.50 to $70, URI from $3.5 to $120. RAD 30 cents to $8, and NOK from $2 to $8.75. Schwab has an excellent record and team and would not risk either if this was not a slam dunk, long term. I put all the naysayers on ignore months ago and sleep well.
Thanks for your post and GLTA.
the Board has approved a reduction to Penn West's quarterly dividend commencing in the first quarter of 2015 to $0.03 per share from $0.14 per share (subject to final Board review and approval of each quarterly dividend prior to the declaration thereof).
Help me understand, please. I'm looking at Table 11.1b World Cruse Oil Production published by U.S.Entergy Administration. It says in October the US produced 9046 mm BPD and the 10 month avg. thru October was 8561. So when I see your 15.6 mm bpd, I don't understand the difference. Is that US, Canada and Mexico?