wake up guys - this management is another failure in a long list of disappointments - just look at the stock price - a complete disaster - I believe mgt did not realize the impact their efforts to be squeaky clean would have on stock price - this value distruction is beyond words! Guys - direct your anger at managment - they r marginally competent IMHO!! wake up!!!!!!
sir - u r right on - these r the sorts of questions folks should be asking and not getting mired in distractions like book value etc - management has not, and continues not to deliver, whilst continuing to collect generous salaries/bonuses - the stock performance is an unmitigated disaster - this is the only metric folks should be focusing on - stock value!
maybe you should direct your anger at the folks running this company - they are the ones who brought this down on the stockholders not the lawyers
this may be a short term trade, but as this next blogger said - this is a POS - only folks who do well with this company are the managers - they keep collecting their exorbitant salaries, and the stockholders get "shi$"
but the management continues to take their "fair share" - IMHO, this company is only run for the benefit of the management - for entertainmnt, take a look at how much they have been taking, and continue to take - really amazing - our problem is that we have not single shareholder that is large enough, and focused enough, to take these folks to task
of course they have an good understanding of the energy markets - that is why we r #$%$ - what a number of us are saying falls into two categories: a) there r better investments out their in the energy field, or b) this company has been mis-managed for decades and it's time for investors to get angry, and direct their anger at the folks capable of influencing/controlling the destiny of this company!! This company is sitting on a gold mine and they have been #$%$$$ing" it up for over 10 years - they have great assets in a secure part of the world, and demand for this product has onely one way to go - up - so why have this stock been decimated - because the managers "suck" - all these folks on this board can talk about new managment, new vision, new stratetgy - it's all bull #$%$ - all u have to do is look at the stock price - a total, unmitigated disaster.
there is certainly some of that - but I think it's part of the "roach" theory - where there is one roach, there may be more
Issues so far were quite limited????? I'm not so sure - then why so long and why the dramatic collapse in stock price? 'cause there probably is more - maybe much more which is what I believe the stock price is telling us. Not to mention costs (and distractions to business) to fend off lawyers..... If this was quite limited, then I believe this management mishandled the situation badly - just look at stock price over the past 6 months or so - it seems to me that every major step management has taken has resulted in sharp stock price drop - folks need to quite posting their dreams as "facts" and start looking at stock price, and investors need to focus their ire on the management.
you r right on - toooooo many cheerleaders on this board - they have failed to deliver for years, and every so called move forward is reward by the investment community with a lower price
now in terms of new investors, probably a great place to buy but no one should expect any significant improvement in a short time
thank you for sharing this - this is a perfect example of how a well run company delivers value to investors - as one can clearly c, it is the exact opposite of how PWE has delivered value to it's investors - PWE many years ago was a 45$ stock; today it is $7 - essentially same price as in the 2008 bottom - PWE mgt continues to assure us that their strategy is working - whereas the financial community just keeps dumping this stock - investors need to wake up - we should be furious with current mgt, not distracted by noise they generate
yes and Iraq has hugh oil reserves (that will not be available for world use probably for some time and this is long term bullish for oil prices) - but, do u think the US is going to allow increase in oil prices, which will benefit Russia in the short term? I expect the US to do what it has to in the short term to keep prices low, or lower to put the squeeze on Russia. I do not see anything in the short term that will benefit PWE! We will flounder down here for some time - hope I'm wrong thoug
I think most folks here r simply lost - we talk about all this and that, and we really have little to go on that is objective - much is wishful thinking (hoping). This company has been run poorly, and based on what I've seen so far, I'm not convinced we stockholders r enjoying any improvement in mgt performance. Only thing we can go on is facts and first, the stock price is a total disaster, and second, executive compensation has gone from $6mil in 2009 to over $18mil in 2013 - and during that time, the investor has seen little. This is not acceptable IMHO!
I don't care that Rick George did a great job at suncor - that was a different animal, and he had different resouces/assets to support the organization and the decisions the organization made.
it does not matter - this should NOT have happened in the first place - the folks running this company probably knew the price would be trashed once something like this is announced - therefore, they must have been under some pressure to do this; this is not an insignificant event - there may be more surprises. But, in any event, big investors will keep away from this stock for some time. Really, is this company cursed? One disappointment after another, and this has been going on for years.
the folks running this company just continue to deliver bad news - we should focus our anger on the folks running this company, not on the lawyers etc - put the blame where it belongs
me thinks you may be wrong - there has been a fairly substantial sell-off in energy prices; the market has sold off, and most energy investments have weakened - I don't enjoy these sell-offs, but I don't see anything uniquely ERF in this!