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Pengrowth Energy Corporation Message Board

sigallbenjamin 19 posts  |  Last Activity: Aug 8, 2014 6:48 AM Member since: Apr 23, 2012
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  • Reply to

    Counter Strategy To Oi Price Manipulation

    by casadipace7777 Aug 7, 2014 2:21 AM
    sigallbenjamin sigallbenjamin Aug 8, 2014 6:48 AM Flag

    If it hits zero, I'm planning to make a take out bid of .001 for all the shares, which would be a premium of infinity. At that point I could either run a major telecom in one of the largest country's in the world, but I don't speak Portuguese. Otherwise, I could sell off assets which exceed its debts by billions.

    Meantime I'll keep accumulating as it drops.

    In all seriousness, it is either going bankrupt, or else the share price has to recover. I'm betting on the latter. If you keep accumulating on each drop from here, you should win in the end.

    Sentiment: Strong Buy

  • sigallbenjamin sigallbenjamin Aug 1, 2014 12:07 PM Flag

    I don't think so, earnings is not for another 3 weeks or so.

    Sentiment: Strong Buy

  • Reply to

    Traders and shorts are emboldened

    by bacon2bacon Jul 31, 2014 1:47 PM
    sigallbenjamin sigallbenjamin Aug 1, 2014 12:02 PM Flag

    PSEC may be my favorite company in the entire market, but I still try to trade it to increase my gains when an opportunity presents itself. I don't understand why anyone would criticize that?

    I mean, you try to buy a dip, but if you mistime and buy a little too high, you hold and collect your dividend until you are proven right. If you time and buy a nice dip correctly and can quick flip it for a profit, why not? Rinse, repeat, collect cash.

    I traded out of a big (for me) position at 10.80, 10.86, 10.88, and 10.98. Now I am back in at 10.68, 10.58, and 10.53. I don't think that makes me any less of a believer in PSEC, but it sure makes me richer.

    Sentiment: Strong Buy

  • Reply to

    Ave. Growth Rate/ Brasil Telecom & Oi EPS

    by casadipace777 Jul 26, 2014 11:10 PM
    sigallbenjamin sigallbenjamin Jul 27, 2014 11:24 AM Flag

    Sources?

  • sigallbenjamin sigallbenjamin Jul 15, 2014 4:18 PM Flag

    The exact breakdown of how much is shares and how much is cash is exactly what I have been trying to find. You are saying $50.50 + .2909 RAI. What is your source, I want to confirm this?

    It seems every "news" article is just saying the $68 number and glossing over the breakdown, which is crucially important!

  • My broker says the volume was 4.8 million shares, yahoo says 2.1 million shares. What's the deal?

  • Reply to

    Love being loose at a concert . . .

    by sigallbenjamin Jun 17, 2014 8:49 PM
    sigallbenjamin sigallbenjamin Jun 17, 2014 10:25 PM Flag

    O.A.R. City on down is rocking right now. Meamwhile, 133 companies are making me money to the best of their ability. I want to sell stuff too, but 13% I'd great. I'm glad for this purveyor of winning.

  • sigallbenjamin by sigallbenjamin Jun 17, 2014 8:49 PM Flag

    I love being loose at a concert knowing that I am out there earning money in 133 different businesses via my investment in Prospect; I enjoyed the fact that the CEO is probably doing exactly the same almost as much.

    Sentiment: Strong Buy

  • Reply to

    Why can't we dumb longs seem to understand?

    by sigallbenjamin Jun 14, 2014 7:24 PM
    sigallbenjamin sigallbenjamin Jun 15, 2014 3:07 PM Flag

    Carl was quoting bjfcpainc

  • Reply to

    Why can't we dumb longs seem to understand?

    by sigallbenjamin Jun 14, 2014 7:24 PM
    sigallbenjamin sigallbenjamin Jun 15, 2014 11:41 AM Flag

    Reposted response to bjfcpan:

    To your first sentence, that "too many investors are chasing high yield investments at the expense of capital growth and total return," I say maybe. But that doesn't distinguish whether PSEC is an example of chasing yield rather than a buying opportunity.

    You ask what if in twenty years PSEC is at the same price and pays a constant 13%, suggesting that would be a disappointment. Well, if you bought 5,000 shares at $10 each, dripping the dividends, with zero price appreciation, and a 13% constant yield, after 20 years you end up with assets of $663,839.61 that pay a MONTHLY dividend of $7,114.52; plenty to pay bills.

    I understand that your question was what happens if I "spend all those years of 13% dividends," but that question misses the point; reinvesting the dividends IS one of the major ways you get the growth, so why are you assuming the dividends vanish? Now personally, I would probably not drip, because I think you can do better by waiting to invest the dividend on dips, or in other stocks that might present a better opportunity at the moment. But we are living in this moment, and in this moment PSEC looks like one hell of an opportunity.

    As for whether we should have gotten into MLPs that have tripled over the past five years and pay double-digit yields, well, duh, but hindsight is 20/20. You know what else, if I had invested $50k in PSEC on 10/9/2008 at $6.29 when it was yielding a "red flag" 25% and dripped it; that investment today (about 5 years later) would be worth $160,757 and pay $1,735 per month.

    Bottom line, it's wrong to suggest that high yield alone means risky investment, or that other BDCs are safer because they have a lower yield, which is the gist of your post; BDCs set dividends, not yields. Your logic avoids true analysis, and equates to "buy high and sell low." Yield is market PERCEPTION of risk/reward, not the REALITY. The task is recognizing when the market is wrong in order to buy low and sell high.

    Sentiment: Strong Buy

  • Reply to

    Lucrative Reasons to Own PSEC (Reason #1)

    by johnsonjoel1 Jun 13, 2014 9:25 PM
    sigallbenjamin sigallbenjamin Jun 15, 2014 11:37 AM Flag

    To your first sentence, that "too many investors are chasing high yield investments at the expense of capital growth and total return," I say maybe. But that doesn't distinguish whether PSEC is an example of chasing yield rather than example of a buying opportunity.

    You ask what if in twenty years PSEC is at the same price and pays a constant 13%, suggesting that would be a disappointment. Well, if you bought 5,000 shares at $10 each, dripping the dividends, with zero price appreciation, and a 13% constant yield, after 20 years you end up with assets of $663,839.61 that pay a MONTHLY dividend of $7,114.52; plenty to pay bills.

    I understand that your question was what happens if I "spend all those years of 13% dividends," but that question misses the point; reinvesting the dividends IS one of the major ways you get the growth, so why are you assuming the dividends vanish? Now personally, I would probably not drip, because I think you can do better by waiting to invest the dividend on dips, or in other stocks that might present a better opportunity at the moment. But we are living in this moment, and in this moment PSEC looks like one hell of an opportunity.

    As for whether we should have gotten into MLPs that have tripled over the past five years and pay double-digit yields, well, duh, but hindsight is 20/20. You know what else, if I had invested $50k in PSEC on 10/9/2008 at $6.29 when it was yielding a "red flag" 25% and dripped it; that investment today (about 5 years later) would be worth $160,757 and pay $1,735 per month.

    Bottom line, it's wrong to suggest that high yield alone means risky investment, or that other BDCs are safer because they have a lower yield, which is the gist of your post; BDCs set dividends, not yields. Your logic avoids true analysis, and equates to "buy high and sell low." Yield is market PERCEPTION of risk/reward, not the REALITY. The task is recognizing when the market is wrong in order to buy low and sell high.

    Sentiment: Strong Buy

  • High yield means high risk, right? So we should not be buying things with high yield, because that means, "risk adjusted," it's a bad deal and a "yield trap" for us morons.

    So, "risk adjusted," if you bought PSEC in 2006 at around $18.50 per share when it paid $1.40 in dividends for the year, that was a much "safer" investment given its much more reasonable yield of around 7.5%; obviously it was less of a "yield trap" at those levels. Because, you know, that 7.5% was a much more sustainable yield that didn't require them to make all of the wild-eyed riverboat gambler type loans they are making today to sustain the current yield.

    In contrast, if you bought PSEC in 2011 at around $7.50 per share when it paid just over $1.20 in dividends for the year, that was crazy because it was yielding a reckless and unsustainable 16+%; the smart investors knew that such a yield was an obvious harbinger of impending catastrophe.

    I think the message is clear, buy when the price is nice and high so that the yield will be nice and low, that's how you know you are making a safe investment. Buying when the price is low means you could have a high yield, and that is way too risky. When will I learn?

    Sentiment: Strong Buy

  • Reply to

    SHORTS THAT HAVE NOT COVERED:

    by h92661 Jun 12, 2014 4:29 PM
    sigallbenjamin sigallbenjamin Jun 12, 2014 7:04 PM Flag

    No, pay me MY dividend.

    Sentiment: Strong Buy

  • Reply to

    The BEST part, 70% of todays volume was sold SHORT.

    by ukcuh Jun 10, 2014 8:18 PM
    sigallbenjamin sigallbenjamin Jun 10, 2014 8:20 PM Flag

    Can you provide a link, I didn't know that information was available so quickly anywhere.

  • sigallbenjamin sigallbenjamin Jun 10, 2014 5:32 PM Flag

    Eeeeeeeeeat Shieeeeet and diiiiiiiie!

    Sentiment: Strong Buy

  • sigallbenjamin sigallbenjamin Jun 3, 2014 10:55 AM Flag

    Yeah, I have thought about doing some brainstorming to see if I can come up with a creative but viable theory for a cause of action. The other villain in my mind that is not getting talked about as much on here is whoever is making the decision to treat every separate instance of a law firm saying the same thing as a new headline; that is not news in my mind, it is just a damaging portrayal of the stock.

    Sentiment: Strong Buy

  • sigallbenjamin sigallbenjamin Jun 2, 2014 6:56 PM Flag

    That doesn't really tell us much, you could have bought and sold the same 500 shares repeatedly and that statement could still be true.

  • sigallbenjamin sigallbenjamin Jun 2, 2014 6:49 PM Flag

    The members of the class might get next to nothing for a "successful" suit, but the attorneys will get paid at an HOURLY RATE for their service to members of the class. In other words, that is why they work so hard for so long "for all of you" to get a trivial $3.79, so they will get paid $300 an hour for their time over years to reach that result. But in this case, I doubt they have a viable claim, they are just in a frenzy because they think there is chum in the water and they don't want to risk missing out.

    And this is coming from someone who is a lawyer.

    Sentiment: Strong Buy

  • Reply to

    How LOW will PSEC drop again?

    by jadelover888888888 Jun 1, 2014 11:05 AM
    sigallbenjamin sigallbenjamin Jun 1, 2014 5:22 PM Flag

    Since you asked, I greatly expanded my core position on the day of the "flash crash" to the point where I will not add more to my core position in the near term unless/until we drop below my purchase price on that day. If we do drop below the prices that day, I will buy and hold more. However, in the mean time, if we stay below 10 I will probably initiate a "new" position separate from my core position to try and do some day/swing trading.

    Sentiment: Strong Buy

PGH
6.29+0.04(+0.64%)Aug 28 4:05 PMEDT

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