Yep Article came up approx 11 am EST.. about the same time as the huge dip.. I started a small position at $1.61.. Seems oversold at least in the short term..
Most O&G producers were trading higher when Oil was $43 also.. In the past 6 months UWTI is trading better than companies like SD, HK, SFY. PWE, etc. etc..
53% of its production capability came from natural gas.. NatGas is extremely cheap how are they losing money? did they hedge and bought fuel at much higher rates? Coal prices at life time lows.. The fact that they sell power on the wholesale market or to regulated utilities is doing them in? Is the street losing confidence on their handling of debt?
New lows since 1991 it seems.. The street has given up on AVON unless we hear something positive soon.. Trading like an Oil or Gold producer at the moment..
HK's Oil will be valuable one day it's just that the near term common is becoming worthless.. Everyone is jumping on the "restructuring" bandwagon which will allow the company to strengthen it's finances by raping/abusing the common.. Some restructuring is less toxic then others; however, it's still toxic.. Great for the CEO's salaries & bonuses and for some debt holders..
pathetic is that you flood this board with your own weak handling of your horrendous losses.. stay away from investing in individual companies.. I sold some PGH last week and I'm taking on huge losses in the commodity sector but I don't cry about 24/7 on a message board.. Grow a pair and move on.. plz..
What they should do is raise the capital gains loss write off.. 3k a year will take forever in the commodity space.. roadkill..
HERO had huge insider purchases although it wasn't as recent as XCO they filed cph 11 anyway.. easier to make a deal with debtors while destroying the common.. salaries and bonuses still being collected..
My avg cost was $3.31 I wanted to cover my comm costs so I had a sell order for $3.35 missed it by pennies then it decides to trade as a leveraged oil ETF.. I'm experiencing pure bad luck in this huge commodities crash... well brought my avg cost down to $3.21.. Is this a utility company or an O&G producer?.. Or is it a toxic form of derivatives with no hard assets?.. It sure seems like it..
The elusive Interest rate hike has been talk about for a year and a half now and never goes up; however, we get destroyed especially the mREITS..
I started added at $2.51.. not sure what warranted this huge drop from the recent high? Don't they have their debt situation under control? as that is a common shareholder's worst enemy..
'their debt is a long one i.e. due in several years."
I heard that about many companies that recently file chp 11.. so I guess more importantly if they can service their debt in the near term without any distress it may be worth a speculation trade.. I will have to do a bit more DD on this one.. thx..
P/S date Filed Date Company Symbol Insider Relationship Share Amt. Unit Price Total Proceeds Shares Owned Return(1m) Details
P 2015-06-30 2015-07-02 14:00:38 ATLANTIC POWER CORP AT Palter Gilbert Samuel director 8,800 $3.13 $27,544.00 170,000 view
P 2015-06-30 2015-06-30 16:51:52 ATLANTIC POWER CORP AT MOORE JAMES J JR CEO 20,000 $3.09 $61,800.00 160,253 view
P 2015-06-09 2015-06-10 16:21:17 ATLANTIC POWER CORP AT McNeil John Alexander director 20,000 $2.81 $56,200.00 55,500 N/A view
P 2015-06-08 2015-06-09 09:02:51 ATLANTIC POWER CORP AT MOORE JAMES J JR CEO 20,000 $2.80 $56,000.00 140,253 N/A view
P 2015-05-29 2015-06-01 09:29:10 ATLANTIC POWER CORP AT MOORE JAMES J JR CEO 20,000 $2.98 $59,600.00 120,253 N/A view
P 2015-05-28 2015-05-28 16:39:41 ATLANTIC POWER CORP AT MOORE JAMES J JR CEO 12,000 $3.05 $36,600.00 100,253 N/A view
P 2015-05-28 2015-05-28 16:39:41 ATLANTIC POWER CORP AT MOORE JAMES J JR CEO 10,000 $3.08 $30,800.00 88,253 N/A view
P 2015-05-28 2015-05-28 16:39:41 ATLANTIC POWER CORP AT MOORE JAMES J JR CEO 10,000 $3.09 $30,900.00 78,253 N/A view
P 2015-05-28 2015-05-28 16:39:41 ATLANTIC POWER CORP AT MOORE JAMES J JR CEO 30,000 $3.10 $93,000.00 68,253 N/A view
P 2015-05-28 2015-05-28 16:39:41 ATLANTIC POWER CORP AT MOORE JAMES J JR CEO 10,000 $3.12 $31,200.00 38,253 N/A view
P 2015-05-28 2015-05-28 16:39:41 ATLANTIC POWER CORP AT MOORE JAMES J JR CEO 10,000 $3.14 $31,400.00 28,253 N/A view
P 2015-05-26 2015-05-26 16:32:27 ATLANTIC POWER CORP AT Howell Kevin director 30,000 $3.20 $96,000.00 30,000 N/A view
P 2015-05-12 2015-05-12 14:44:04 ATLANTIC POWER CORP AT MOORE JAMES J JR CEO 8,253 $3.01 $24,841.50 18,253 N/A view
P 2015-05-12 2015-05-12 14:44:04 ATLANTIC POWER CORP AT MOORE JAMES J JR CEO 2,400 $3.04 $7,296.00 10,000 N/A view
P 2015-05-12 2015-05-12 14:44:04 ATLANTIC POWER CORP AT MOORE JAMES J JR CEO 7,600 $3.05 $23,180.00 7,600 N/A