"we may be doomed"
Have you never heard of a sell order? If you are afraid...sell and get peace of mind.
How much lower can it go? There are assets backing this and the CEO is buying.
Are things bad? YES!! Just sell and go buy a CD.
Why do you say EBITDA would go negative? If they stop drilling, CAPEX drops dramatically. They then become like an oil trust with declining production. But, they do have revenues to support their operations.
Why do you deliberating understate the hedging...it is what it is...insurance against these price drops. They were purchased to protect against these events. They are important.
For that percentage of production it is if this price drop never happened!
Everything is dependent on when prices recover.
The banks will renegotiate the covenants of companies...it needed.
I will give you a "thumbs up" on your reply.
The hedges are great...wish they had 100%
Until oil stops falling we can only guess and even then, how long to recover and to what level. Until then, CAPEX will be cut to conserve cash.
Whether the dividend remains or is cut is unknown.
You don't know what I know or think about hedges.
Tell me what you mean in your statement and I will tell you if you are correct.
In other words explain what is the fault in PGHs hedges.
Will they mention their hedging? They hedge to protect from falling oil prices, so there must be some benefit. How much do they have protected from this fall in oil prices?
When capex is spent on the drill bit, it creates production and reserves...how does that harm shareholder value?
Can't wait to read that answer.
Do the idiot e&p cos include the ones who hedged their production?
Again anxiously awaiting that answer too.
I read between the lines.. but I didn't see where you even considered they have some production hedged. Why is it that you ignore that?
just added email@example.com now back to my most ever at 6000 shares. I plan to hold until it goes back up to $34 and sell the 2000 I added this week. That's the plan any way.
You have some anger issues... and visions of self grandeur.
The production is partly hedged....can you not understand that?
The farther oil falls the higher the more the hedges are worth to PGH. That offsets the price drop to some degree, based of the percentage hedged.
If 100% hedged it even equals out.
"If oil remains at current price level"
People can hypothesize about any scenario.
What do you think if oil goes up to $70 in 6 months?
How do their hedges play in to your guesses? Or do they?
$44.32 cents paid! You use Yahoo?
Can't you afford a broker?
No wonder you are clueless. Why all the IDs? That shows lack of confidence in your ability to state your argue on the message board. You need to make it seem more people see it your way.
Over $44 dollars paid out in real money to shareholders over the years...what a scam
You say these things...yet you are here. That shows you are a scam...don't you think?