When the EIA reports weekly the amount of gas that was injected into storage, was this gas sold at spot prices and then stored or just pumped directly into the ground by the producers to be withdrawn at a later date at a future NG price? Anyone?
Which is why my perfectly intelligent and legit toilet paper company TIS post was deleted. The upcoming month of October has statistically been known to cause people in the market to mess their pants. If you are long PSEC, you might consider TIS as a hedge.
PS. Sorry, but I find the thought of trying to have an intelligent discussion on a message board somewhat comical. It has been my experience that hardly ever are 2 or more people on the same page in regards to investment/trading style and strategy which hinders most opinions useless, including this one.
Holding PSEC long unless it gets 6 months worth of dividends ($0.66) over my average buy in price, in which case I will dump it and look to buy back in at yet another attractive price at a future date.
This idiot will bow out now.
A sacrificial anode for RTK by giving contractors a huge markup on Pasadena contract work in return for cheap/at cost work for RTK.
Perfectly legal. They can buy and sell the same shares over and over between themselves.
If I were you naren I would short it. Do you have a short position? I'm holding long looking for $40.
Well said Carson. There are many Chinese companies out there that apparently believe Americans are extremely gullible and have taken action to exploit it. Alienating the West will lead to their demise.
That isn't what did it. It was PWC requesting to verify 3rd party revenues. I'm thinking PWC was officially tipped off on some fraudish business practices and was put in a position where they had to ask to see 3rd party numbers or face the liability risk of knowingly signing off on hokie numbers. PWC played it right. They intentionally put NQ in a position where they had to come clean or release them. If this goes to court, PWC will skate for trying to do the right thing. Right now, I would say NQ has already lined up their scapegoats.
Death lawsuits galore and they start touting about a driverless car. Yeah...like I'm going to trust that thing. They are still clueless. It reflects the same type of management decisions that put them in the toilet to begin with imho.
I look for DGAZ to run up through the shoulder months...possibly breaking above $5 and up to $7. Inventory fill rates will drive NG down until winter season turns it. NG could hit below $3 before that happens.
The only problem with all that is Ukraine is broke. They owe Russia billions for nat gas already received and they can't pay it. Giving arms to the Ukraine would be the same mistake as giving arms to the Taliban during the Russia/Afghanistan war. The current Ukraine regime is not what the press/government propaganda machine would have you believe. You have a country where a large majority of its' citizens want to be absorbed by Russia. What does that tell you?
The odds of having a winter like last year are slim...the odds of having 2 winters in a row like last year are 1 in slim squared. Is it possible....yes. Is it probable.....no.
I bought back in today on the dip for the purpose of establishing a long term core hold in my port. This is not the first time I have been in PSEC. As I recall a few months back when I was holding PSEC, the pumpers here were all ranting how rising interest rates would benefit PSEC. If that is the case I would think the dividend should be secure. In my opinion this is one of the few BDC's out there that have their #$%$ wired tight. I think the key in this line of work is risk management. They appear to be very good at it.