Did anyone bother to check If the Saudis truly have 10,000 years worth of Oil? hmm just saying.. maybe they are not the most truthful people on the planet.. just hoping their wells go dry very soon.. wishful thinking.. passing the NatGas Act would have put a world of hurt on them.. but we as a country don't have the wherewithal to be so ahead of the curve.. this country is getting what it deserves for voting these extreme pathetic losers as leaders.. Rome took a long time to fall we are way ahead of that curve..
Wondering If Rockstars and RPX deal had something to do with Mr. Karr's decision to resign? Once again shareholders are only left with "FAITH" that SPEX will fulfill its fiduciary duty to us shareholders.. can someone turn on the lights it's a bit dark in here!...
Mr. Karr's decision to resign from the Board was not the result of any dispute or disagreement with the Company. Prior to his resignation, Mr. Karr was a member of the Board's Audit, Compensation, Nominating and Litigation Committees. Effective as of his resignation, Mr. Karr is no longer a member of the Board or any of its committees.
As a result of the resignation of Mr. Karr, the Board will consist of five directors, four of whom are independent directors. The Board does not intend to appoint a new director to replace Mr. Karr, and has determined that the Board will consist of five directors going forward.
Another reason for the drop today from S&P:
We are lowering our corporate credit rating on Hercules Offshore Inc.
to 'B-' from 'B'. The outlook is stable.
At least these guys own more than most of us although they are worth more than us.. we just need a contract signed somewhere in this global Oil mess..
P/S date Filed Date Company Symbol Insider Relationship Share Amt. Unit Price Total Proceeds Shares Owned Return(1m) Details
P 2014-12-16 2014-12-16 17:28:04 HERCULES OFFSHORE, INC. HERO WEBSTER STEVEN A director 100,000 $1.07 $106,900.00 290,000 view
P 2014-12-12 2014-12-16 17:28:04 HERCULES OFFSHORE, INC. HERO WEBSTER STEVEN A director 150,000 $1.13 $169,425.00 190,000 view
P 2014-10-28 2014-10-28 15:37:40 HERCULES OFFSHORE, INC. HERO BATES THOMAS R JR director 25,000 $1.63 $40,650.00 325,000 -23.74% view
P 2014-08-13 2014-08-13 12:45:56 HERCULES OFFSHORE, INC. HERO BATES THOMAS R JR director 20,000 $3.18 $63,580.00 300,000 2.23% view
It seems they want a rebalanced wash/out quickly with these constant remarks.. It's the same old repetitive rants.. Wish we could utilize and export our own resources and stop all imports..
Anyone want to comment on how the exporting of NatGas will help North American producers.. The media reminds us of mild weather and The OPEC war.. but we hear very little on how exports are going to affect O&G producers.. Too little too late?
Why doesn't the media talk about the soon to be exporting of NatGas?.. They bombard you with mild weather and the OPEC war... but very little mention regarding NatGas Exports.. Doesn't anyone see the bull story that could have on NatGas?
I may get my $1.11 order filled, I'm now cutting my share lots in half as it's feeling a little risky.. lack of any updates are putting pressure on the PPS..
Some may go ahead and wait for crude oil prices to shake out the high cost producers, I'll wait for inventories to in come lower than anticipated due to all of the cuts being made with many producers.. Those numbers may be just around the corner.. It's possible for inventory #'s to drop in the next 3 to 6 months..
There is no doubt risk in the length of depressed Oil prices.. and then there is Oil going back to fundamental levels when supplies drop.. There's also potential rewards in the NatgGas space as exports begin to come on line.. Floyd Wilson has the experience and the skills to get value out these depressed assets when the time is right.. He has many ties in the O&G sector and he's a experience deal maker..
Sure the short term story is not over.. Will add on any extreme dip... If your in it for the longer haul PGH will most likeky be around when Oil stabilizes to realistic fundamental levels... Supplies are coming down and when we hit equilibrium the talking heads will surely continuously make you aware of that as they did when Oil going down..
Keeping my shares for a few years.. I'll wait for global supplies to come down and demand to pick up.. I believe Oil will be at $85 again in the not so distant future and I would be very curious to see PGH's PPS at that.. If this Oil bear raid is not done then I will add to my already large position..
Maintaining the dividend would be a nice play for the long term; however, If they cut the dividend then It will give me the opportunity to add if the PPS falls.. I started a position here for the value of ARCP assets..
Yep he would rather get that heavy Oil from Venezuela.. the guy is completely clueless.. Anyways will burn more fuel by transporting it via rail and trucks.. Can't believe we have to endure 2 more years of this _____ ...
Well it's no mystery that production is slowing down with many producers and it should be no mystery that supplies will eventually drop hence it should be no mystery that oil prices will stabilize.. It also should be no mystery that the perfect storm orchestrated bear raid on Oil is taking the pendulum too far to one side..
The board is infested with leeches best just to put that noise on ignore.. No need to reply to posters that have 3rd grade usernames..
Needed to add also.. If I'm going to make up some of my commodity losses I need triple the amount of shares I use to own.. tried to get some at $2.42 while the head fake took it down to $2.46 then it scream higher.. Well this bear raid may still not be over as I may be able to get those low prices again.. hoping not but ready if does does get there..