MHR common pps spent 9 months in 2009 below the $1.00 NYSE de-listing threshold.
[Afterward it rallied 10x or better.]
My question: How did MHR stay listed on the NYSE in 2009? Comparisons to 2015?
PWE's dividend cut to practically nothing has NOT helped its share price. Plot PGH next to PWE time chart and you'll see, no help. PGH holding up better. PGH has catalyst for future, PWE not so much.
Iranians who profit in the black market are pushing for its parliament not to accept the 'agreement'. Those would rather stay selling on the black market.
~28,000 gross productive wells, not including ~2,640 royalty interest wells. Drilling a well today costs way over a million $. Sellers are not doing any math except for looking at debt service and expecting a lower price of oil/ng. If the stock price was zero then the market thinks each well is only worth $357,142? - for wells that cost 3 to 10 times that to drill? This panic is irrational.
There is no apparent support for buying LINE. Oil off 2%, LINE off 13%. Crazy eh? Buyers are now made of pure courage, sellers are in panic mode. Sellers think the hedges are worthless, buyers see a way forward but bid lower each time. Sellers are not thinking about the full value of the wells, just the value of today's oil and gas coming out.