It seems to be all about the dollar. Compare the dollar index to PGH and OIH.
June '13 Dollar 84.50 PGH 5.22 OIH 42.97
Sept '13 Dollar 79.00 PGH 6.48 OIH 50.75
Sept '14 Dollar 84.50 PGH 5.85 OIH 52.06
Here we can see a high Dollar with a low PGH and OIH; then a low Dollar with a high PGH and OIH; but then a high Dollar with a low PGH but OIH does not go down. The disconnect points to the Dollar as a factor.
And we all thought it was about oil. (Of course, by 'we all' this phrase must exempt the post movement, all knowing, ostentatious, self important poster who we all are anxiously waiting to know from when to buy PGH.)
; ^ Q
Sometimes a stock like this gets very over-sold for disconnected unreal reasons. The strong money buys down there. Then the cycle reverses and it gets very over-bought, the weak money buys and the smart money sells there. Those of us in the middle just get taken for a ride and post notes on this board to vent.
Good technical support at 20.75 (the 200 day moving average) PPS took a nice bounce after testing a 20.50 interday low, finished today at 20.93 a good sign for short term longs stay on board for the next leg up into the winter season
ERF at key support here. I noticed an AH bounce.
As nat gas troughs traders look to be bottom fishing.
Pretty good (panic) selling riding on the natural gas price decline (now about over?). ERF should catch a good technical bid around 20.75 so if there are many shorts they'll think of covering.
Nat gas way down today. And ERF's BOEd weighted 60% nat gas (even though cash flow is mostly from oil, and capex 2/3 towards oil). It will take awhile to work through the gas movement bottle neck. By 2015-16 new pipelines will get gas going to higher priced markets.
I'm happy with LNCO's steam of distributions. I'm also invested in PGH and am waiting for its 'steam' to start flowing in the SAGD wells. ; ^ )
When AFOP gets a buyout offer will the shorts sh**? This small cap tech related company, with a handful of big cap customers, is a sitting duck waiting to be picked off the public market by one of its customers or competitors. An offer will blow it out of the water into the sky and no one can say no. Maybe that's the plan all along? It has been round and round the mulberry bush, up to 22 and down and up again and down. Eventually pop goes the weasel.
Yes. Weird colder weather in August portends a colder winter leading to increased energy demand just to stay healthy and warm. Six months away from that event so no one's looking.
I looked at Y-charts and saw the total return. Thank you.
I tried Dividend Channel and could not find total return, but it did have very good info. Thank you.
Yes. If you set a stop loss, the 'computers' see it. If enough stop loss orders pile up, it can attract attention. Conclusion? Don't key in a stop loss order. Set a mental one if you need one. Keep eyes open via mobile app. Don't ask the 'droids steal your shares of company ownership with stop loss orders.
Using the formula [capitalization + debt] / [boed x 365] gives a ratio of the enterprise cost per boe where the lower the ratio the better value among peers.
Just one of a few metrics to figure value for investment purposes.
Another one uses [capitalization + debt] / [proved/probable boe] again the lower the ratio the better value when comparing; however, one must compare oil to oil, or gas to gas, or ~50/50 as in the following list:
ERF stands out as a great value.
Past is not prologue. Investors ruin caused by rear view mirror focus. Do you really want to pay 33% premium to NAV for past performance?
Going forward I see no gain in hedging. If solar scientists are right, we are in for some colder and longer winters. Oil and ngas demand will rise as will pricing power. Save the effort and expense of a hedging program. Take on the risk of a spot market and watch investors flock to the stock. Investors like no-hedged stocks when they see pricing power in the commodity.
GGN has traded for a discount but not as often as many other closed end options writing funds. Investors are willing to pay a slight premium for GGN for the service they provide writing options in the gold mining sector.
So if it's too good to be true then it is not true? How do you determine if "it is too good". Compared to peers? Do you want a company with more debt? There are plenty of those out there. With good financials you'd think investors could be more patient. So you took a small profit. Next time more patience will make more profits.