Actually probally closer to 14% after these last 10 days of horror. i guess there is little Williams could say as entire group is being shorted to Oblivion. The SEC continues to allow this run away naked shorting with unincumberted short selling raids with no controls what so ever---Oh for the old up tick neccessary short sale rule---now its sell until death.
Why?---Could be they are telling shareholders who cal a " rosey" senario because they are tired of telling the truth and getting creamed over the phone. tell lies in the press and in PR " lawyers " eat you for lunch.
Wall DGAS definitely not made for you. Takes a lot of patience and trading disapline to be rewarded. I've been doing it for many years. I'm not getting rich but less heartache in long term than many of my oter holdings. And a 4% yield in this environment is not bad.
The Site I use for form 4 insider sales is NASDAQ---and does not show Stilley selling----Ask that posters for his or her's source .
If the short interest % as of 2/13/2015 was 10.75%----I guess the short interest now must be near 12%----I guess the street is betting big the Dividend will be at least 1/2ed
NE short interest jumped to 28,369,122 versus 26,840,296 an increase of 1,528,826 since 2/13/2015.
Now keep in mind these #s are as of 2/27/2015----God ---how many moe shareshave been sold short i the last 10 day debacle
Insider----I do believe this is just major short selling by hedge funds who smell blood in the oil!!!!
Company's reg filing that 2015 could be weak is possibly rerason for today's debacle. Company notesd OPEC's decision not to curtail prodction is overall weight on market---What are Saudis doing? any thoughts?
Christ-----Well if he was that damed depressed why not eliminate the dividend all together. God, Companies just cannot show this much Pessimism to the street . with the ultimate lack of any short selling rules by the SEC the street will cut your heart out.
It appears to me that the 80% cut was drastic. I think a 50% cut may have been warranted, but 80% was over kill in light of the earnings. Why send such a panicy move to the street.? Might not a more positive action of a prudent cut of 50% have shown a more upbeat view of the future?
Surprisingly short interest in PGN dropped by 3,585,591 to a figure of 28,988,471 from high of 32,574,062 though i hate to think of where it will be at next report after this recent blood bath.
Short interest as of 2/13/2015 increased 947,500 shares since previous report----Short interest stood at 26,840,296 on 2/13-------versus 25,892,796 january 31. After the last few days I wonder what it will look like at next report in March which will be Short interest at end of Feb following latest blood bath.
Likewise---buying on way down---as i said there is a seller out there. probably a broker who has recinded a buy recommendation and is churing thier customers accounts for commissions. Take the 4% dividend and smile.