I've bought quite a bit in the $1's not for an investment but to continue my speculative trade.. My trading platform shows a Mkt cap of $27 Mil.. Who has the most recent update Mike states $23 Mil.. I guess what's $4 Mil when an EV of over a "cough" $1 Bil..
I started a position today.. I may have gotten in too early as the sector seems to have no bottom.. Interesting that an outside party was willing to dish out $325 mil while the street won't touch this for $130 mil..
We are trading at close to a 7 year low no less a 52 week low.. Is there a potential for any sought of rebound?.. What can be a catalyst specifically for NCZ.. It seems they own too many securities in Oil.. Too late to get out?
I should have held on to my TSO and sold all my PGH when PGH was well above TSO in PPS.. So today PGH is $.50 cents and TSO is $105..
It appears all high yield investments are finding life time lows along with Oil.. GOV is well below its lowest point since the IPO on Jun 1 2009..
Thanks for the input again.. Any reason to hold the common TK? It would be a higher Beta mover if there's a rebound in the sector.. Also no fear of a dividend cut any longer..
My SA comment:
I don't see PGH going over a $1 before they get the de-listing notice especially when oil needs to test the $20's.. Also that shelf filing last year may rear it's ugly head so dilution may happen if an asset sale can't be achieved.. Everything that can go wrong will go wrong if Oil stays at these levels or lower.. brutal!..
Thanks for the input and preference on the A vs B preferreds?
Is it possibly that may suspend the dividend on the preferred? Any K-1's involved with the preferred?
New SA article just came out that is slightly positive.. bottom line it's all about how low can Oil go and for how long.. I still think that management is holding out on any sale at a deep discount but time is running out to wait for higher prices.. PWE's asset sales were decent but with $20 Oil it doesn't matter..
Assets sale?.. We were expecting another 300mil from these sales about the same as PGH's mkt cap.. With $20 Oil who knows any longer..
Posted by Josh Shea on Jan 10th, 2016
Shares of Pengrowth Energy Corp (NYSE:PGH) have received a consensus rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $2.45.
Several research analysts have weighed in on PGH shares. Scotiabank reiterated a “sector outperform” rating and issued a $3.00 price objective on shares of Pengrowth Energy Corp in a research note on Friday, October 9th. Canaccord Genuity restated a “buy” rating on shares of Pengrowth Energy Corp in a research note on Friday, October 23rd. Zacks Investment Research lowered shares of Pengrowth Energy Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 6th. RBC Capital restated a “sector perform” rating and set a $1.50 price target on shares of Pengrowth Energy Corp in a research note on Monday, November 30th. Finally, National Bank Financial restated a “sector perform” rating and set a $1.75 price target (down previously from $2.00) on shares of Pengrowth Energy Corp in a research note on Friday, December 4th.
There are so many reasons other than the price of Oil why SD is in the position that they are in.. 2 reasons of many why I sold SD at $3 was higher than expected depleting assets and the earthquake hysteria.. With the Oil crisis that exists today all small E&P's are in precarious situation..
Other equities research analysts have also issued reports about the company. Citigroup Inc. increased their price target on Avon Products from $5.00 to $6.00 and gave the company a buy rating in a research report on Friday, December 4th. Vetr lowered Avon Products from a strong-buy rating to a buy rating and set a $3.62 price target for the company. in a research report on Tuesday, December 1st. Deutsche Bank lowered their price target on Avon Products from $13.00 to $10.00 and set a buy rating for the company in a research report on Tuesday, September 15th. Sterne Agee CRT raised Avon Products from a neutral rating to a buy rating and set a $6.00 price target for the company in a research report on Friday, December 18th. Finally, B. Riley reissued a hold rating and issued a $3.30 price target on shares of Avon Products in a research report on Friday, December 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $7.08.
All I need is about $5.20 or anything close to $5..