2BlackCats, faraz-shahib, bear_chain are all the same person.
Market's up +200 today. PGH is down. Market was down -200 yesterday, PGH was down. I don't blame this guy for complaining.
"Pengrowth Exceeds 2013 Production Guidance on Lower Capital Expenditures and Delivers Strong Reserves Growth"...
They easily beat earnings estimates,
How is that a lousy report?
...and then the stock falls. #$%$?
s-p-e-c-u-l-a-t-o-r-s! Aren't they a grand bunch? Actually, they've been a significant force in breaking NG out of the rut it's been in across the past 2 years. They're not all evil.
Actually, if it'll just sustain it, $4.73 isn't a bad price. It sure beats the $3.25-$3.55 it was trading at last Fall.
I agree with nac. This is NOT a "Buy it, throw it in a drawer and forget about it" kind of investment. If you don't completely understand it and keep a close eye on it, you'll wish you had! There is not an infinite supply of oil in Alaska. One day, BPT will be worth nothing!
Yeah Doc, everything's looking rosy for the company, but what I can't understand is why the investors aren't wolfing up the shares right now. They're a bargain at these price.