How long and what cost to "reactivate" a well is something to consider and I have not a clue.
Does anyone on the board know?
"D", in all candor, based on your subsequent posts you are by no means a "rookie".
That's fine but why play games on this board.
We have enough CxxP" going on already.
As you have seen reading the posts, if one does not agree with a stated position of a poster, they are often put in the class of "Idiot".
BTW, none of us here really have any real idea what will happen with PGH or any oil stock as it all depends n the price of oil.
If there has to be a debate, IMO it should be regarding the oil price.
PGH has been in business for a long time and has survived many ups and downs; we shall see what happens this time.
Pro, one, as you well know, one only loses money if they sell at a lower price. Your logic is that if one buys now they will lose $. This means you are indicating that the price will never go higher.
One who buys now will garner the dividend while waiting for the stock's price to rise.
Even you acknowledge you have purchased shares in this basic range.
Another spammer in our midst; posting similar CRXP on other boards; member from today; PATHETIC and meaningless.
Can you agree then this is a fundamental move rather than technical?
Clear, logical statement without any negativity.
Very interesting data for sure.
The question I have is how long does it take to get a rig back running. It is good news that capacity is being shunted off.
However, once demand exceeds supply do we go back to where we are now?
Thanks for your honesty; if you stay calm and don't revert to the 'old kitty" you ill not be copied again.
No reason to continue a debate but IMO all these moves up and down are fundamental as they follow very close to the price of oil.
Frankly it really does not make any difference either way.
What happened to "Kitty" or is that your old ID since you have been a member here since only 1/15/2015??
Are you thus a true day trader?
I used to be but took took much time away from my real employment.
Amazing how persistent you scammers are!
ID created today and posting same in at least 19 other stocks.
Of course you could be bought out of the stock before July but $25/per 100 shares is good while we wait.
How can anyone say this was a "technical" move when obviously it was "fundamental".
All these types of oil companies follow the price of oil!
I assume that is the projection of all the oil not yet garnered from below the ground and sea.