"Watch the parties' interests"
That's what we are all trying to figure out.. HERO wants the deliver the Highlander.. Certain lenders want better terms? Lenders want a default and the value of the Highlander to pay for the debt?.. Without an announcement how do we know the outcome?.. Just kidding I understand your statement..
Debt is the killer.. Anyhow I added at $.66 to continue my gambling problem I mean my speculation play.. We'll soon find out Steve Cohen's incentive/game plan..
I meant to type HEROQ thanks.. Not going to be easy at tax time with this nightmare.. It's now May 5th and no word regarding the Highlander..
I would welcome $1.50 as this management as lost all confidence and is completely inept..
Throughout the BK period and before does anyone remember the amount of symbol changes HERO went through?.. I remember HERO & HERQ.. Any others?.. I have to go through all my trade conformations to get an actual cost basis bit of a nightmare overall..
CALGARY, ALBERTA--(Marketwired - May 12, 2015) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) today announced it has filed a preliminary short form base shelf prospectus with the securities regulators in each of the Provinces of Canada
The prospectus will allow Pengrowth to offer and issue common shares, subscription receipts, warrants, options or rights by way of one or more prospectus supplements at any time during the 25-month period ending in June 2017, in which the base shelf prospectus is in place. The securities may be issued from time to time, at Pengrowth's discretion, with an aggregate offering amount not to exceed $1 billion (Canadian). Unless otherwise specified in a prospectus supplement relating to a particular offering of securities, Pengrowth intends to use the net proceeds of any sales of securities for general corporate purposes, repayment of indebtedness and/or the direct or indirect financing of future growth opportunities, including acquisitions and capital expenditures.
Normally PTX would fall before earnings but now the shorts are conscious of the fact that a billionaire went long again on PTX as opposed to capitulating.. I would like to get more myself in the $.90's but it may not happen before earnings..
PTX's earnings is expected to be horrendous by most of us forget that fact that PTX is priced in for BK.. At these levels any sign of positive news will propel the PPS as proven with SC's recent purchases.. I'm holding and buying at these levels for that reason..
Will the shelf offering filing in May rear its ugly head at some point?.. it was meant as a renewal filing to possibly acquire assets but can they utilize it for other purposes as we get closer to 2017 if oil stays depressed?
I'm hearing a lot of buzz about Steve averaged down to get out of his position.. I think that particular math doesn't not work out.. Most big players just capitulate at the PPS they're comfortable with..
Thank you.. I'll still be here to be part of HERO's fight for survival..