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Pengrowth Energy Corporation (PGH)


NYSE - NYSE Delayed Price. Currency in USD
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0.936-0.03 (-3.51%)
At close: 4:02PM EDT
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PWEERFAAVBTEPBT
  • The Director of Lies and Chaos needs to hire a CRIMINAL lawyer to advise and defend him, someone like Jeff Sessions!
  • Any company worth its salt would put out a headline of any kind to get delisting notice article off the top line. PWE and PGH both leave a lot to be desired in the communications department.
  • I have had it with this stock, Next time it hits $7.30 I'm selling. Can't take this #$%$ any longer.
  • They are digging for "evidence" and they are getting closer ...
    https://finance.yahoo.com/news/house-democrats-seek-deutsche-bank-145239589.html

    House Democrats seek info from Deutsche Bank on Trump accounts
    Democrats on the U.S. House Financial Services Committee said on Wednesday they have asked Deutsche Bank to provide information on whether any accounts connected to U.S. President Donald Trump have ties to Russia. Committee Democrats sent a lette
    finance.yahoo.com
  • I voted by proxy no and withhold on all things that the BOD said to vote yes on. Even the BOD. They have shown a lack of transparency along with management to the shareholder. It's not what they have said but what they haven't said that bothers me. The fact that our largest shareholder is connected to Evans by virtue of Evans being a director on NF bothers me as it puts a cloud over what is really going on. I was part of the c-suite of a public company and know how info passes to major investors without the knowledge of others. This is common. In any world Evans would have been dismissed for not performing over a reasonable period of time. Also never really hitting or exceeding taks he was given by the BOD and accepted by him. He has been and continures to be in my opinion nothing but a spin artist. He has since his arrival done nothing but lose money for this company and has managed to spin his way out of it all the time. Even when others like PWE which I also own were selling assets last year, Evans was holding out but then said in the last or one before that I think CC that there were and have many acceptable bids for assets and by his own admission did nothing about it. When he sold Swan Hill do you really think he got a good price. Look up what we paid for it. Do you really think that by waiting like he did he was able to get a better price when the whole world new we were backed against the wall at that point. I ask myself why was he not putting most of his efforts to correct this balance sheet issue and covenant issue 1 year earlier. Everybody knew what had to be done. I cannot think of a credible answer. Also his sale of the Linberg royalty interest for 250 million was a desparation move because they get there cut on the gross revenue and as it expands they get more and more. I did not do the numbers on this but I am sure whoever bought it got a great deal. Maybe this didn't have to happen if he moved faster say like Roberts did with PWE. PWE is smaller but is now a darling of the lenders and will do well going forward. PGH has to concentrate on Lindberg if they can partner on other properties that they don't have to lay out any monies or visa versa or sell the company in pieces where they can realize probably more then the stock will bring with this current management team.`The important things to watch this month is this weeks Opec meeting, closing and receiveing funds from Swan Hill,payment of 2018 debt as promised by management. This should boost stock if all these things happen in a positive way. Also would like to know who the buyer of the royalty was for Linberg. Was it FN which would be a positive too.
  • It's another embarrassing post purge Tuesday ... Some people just can't keep their story straight (I guess?)
  • FOLLOW THE MONEY, Honey!
    https://www.theguardian.com/us-news/2017/mar/23/wilbur-ross-russian-deal-bank-of-cyprus-donald-trump-commerce-secretary

    Trump's commerce secretary oversaw Russia deal while at Bank of Cyprus
    Questions raised over Trump appointee Wilbur Ross and his ties to politically connected Russian oligarchs
    www.theguardian.com
  • Mr. Trump is proposing to sell off half of out SPR. Also wants to sell half the stash of gasoline added after hurricane Sandy.
    If this goes through, we'll have to dry out 250,000,000 barrels of oil.
    Methinks oil will go to $35 soon. Wonder how our alleged Saudi friends feel getting stabbed in the back 2 days after lunching with them.
  • One professional said they had a buy signal on PGH since the May 10 close at $0.86. The 20 SMA was at $0.96 on the May 10 close price. This is a clear violation of one of the same trader's basic trading rules. Thusly, I don't believe or trust anything some of the alleged professionals post on the yahoo message boards. Having said that, we are all adults here and everyone has to make their own judgments. GLTA
  • Ghost Out of the Machine
    High-frequency trading systems (HTS) can execute repetitive tasks at superhuman speeds.

    Taking advantage of minute time differentials (“latency”) between trading platforms, they trade stocks, options, futures and currency products according to fixed rules, without direct human control.

    HTS rarely accumulate substantial positions. Instead, their goal is to profit by arbitraging tiny price differences at huge scale. On any given day, more than 75% of the stock shares traded on U.S. exchanges originate from such HTS.

    In the Flash Crash, a single large sell order in the commodities futures market induced algorithm-based trading systems to chase prices “downward” by issuing little “test” batches of buy orders at successively lower prices.

    A Securities and Exchange Commission post-mortem called this cascade of selling “hot potato trading,” as high-frequency firms rapidly acquired and then liquidated positions among themselves at steadily declining prices.

    Trading was supposed to stabilize at a market-clearing price, but because of the unusual size of the initial trade and its ripple effects, many HTS triggered internal rules intended to prevent overexposure to single products and stopped trading altogether. That led to a lack of liquidity … which caused even more rapid price declines as orders dried up.

    The turmoil then spilled over into equities markets, as HTS there paused trading automatically as they detected the sharp rise in buying and selling in the futures market. The resulting lack of liquidity caused shares of some prominent companies to trade as low as a penny, or as high as $100,000.
    Spoofing and Layering
    The Flash Crash was an example of a “momentum ignition strategy” — albeit an unintentional one. A purposeful momentum ignition strategy is when a market participant tries to induce others to trade at artificially high or low prices.

    The HTS did this accidentally in 2010. Their internal rules reacted to a single large trade by issuing high-frequency test trades that snowballed into a market-wide crash. “Real” traders mistook this higher trading volume for liquidity and joined the automated sell-off. But since the underlying price movement was false, competition for liquidity ended up dramatically amplifying downward price pressure.

    This unintended consequence of HTS has supposedly been solved by stop-trading rules designed to activate when a share moves too far in a specific direction in a specific period.

    Some big market participants intentionally deploy momentum strategies, however.

    Large traders sometimes place non-bona fide orders (which are canceled before they can be filled) to bait other market participants into reacting. With such bad-faith orders, so-called “spoofers” deliberately seek to create false pessimism or optimism.

    For example, they may try to induce other market participants to lower their asking prices by creating the illusion of selling pressure as false sell orders enter the system. The spoofer places sequential sell orders at successively lower prices, driving down the best ask price.

    After the price has fallen sufficiently, the spoofer makes a real trade, buying the stock at the lower price and canceling all the sell orders.

    He wins. The losers are traders induced into selling at artificially low prices.
    Genius Comes in Many Forms
    I always feel a sense of admiration and awe at the intelligence applied to making money through such subterfuge.

    Then I come back to reality. I remember that the “money” thus finagled out of our complex financial market systems doesn’t represent any real economic activity. It’s just ones and zeros in a bank account that will be used for further useless, market-distorting speculation.

    No goods or services … no jobs … no real wealth.

    Source:: The Sovereign Investor
  • news out tonight
  • We continue to simply love this little garbage junk stock....
  • Apparently there are several ways capital reduction can occur.
    1. They can reduce the book value of its shares. AS Tallink Grubb is giving 40 million back to its shareholders.
    2. Reverse stock split (probably what PGH is going to do).
    3. Share buybacks (are you kidding. we haven't the cash for that).
    Maybe they told us the plan, buried somewhere. I frankly care less and less with every passing day.
    I would rather they get estimates for all assets sales, and ask us if they should continue, or sell everything.
    And actually, since I've lost most of my money, I am no longer interested in keeping the company solvent in order to prolong the employment of management.
  • Big announcement after market closes today on sale completion. I had dinner last night with a Oil and NG consultant to BP and he said 100/OIL in 18 months. He said there was more orchestration around OIL prices than you really can imagine. I told him he was crazy and he said "watch and see". He is 65 ...not his first rodeo.
  • Don't be fooled by daily price action. There are 24 million shares short this stock. The shorts were panicking when the price started jumping and now are desperate to try to cover. The latest NYSE news was their opportunity to try to discourage longs and try to cover as many shares as possible at these low prices. Before the end of May, there should be a number of bullish press releases for Pengrowth, namely the closing of its asset sales, continued debt re-payment and perhaps a relaxation of its debt covenants. If these positives come out and oil price continues to rise, this stock will jump alot.
  • W. Buffet dropped 3.7 billion worth of ExxonMobil. Reading other high end investors dumping oil stocks.
  • U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.4 million barrels from the previous week. At 516.3 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year. Total motor gasoline inventories decreased by 0.8 million barrels last week, but are near the upper limit of the average range. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories decreased by 0.5 million barrels last week but are in the upper half of the average range for this time of year. Propane/propylene inventories increased by 1.5 million barrels last week but are in the lower half of the average range. Total commercial petroleum inventories decreased by 3.5 million barrels last week.
  • Tony Turkey Trumper. I'm more interested in PGF future Ng prospects than I am their oil, since oil will be stuck below Sixty for a long time, whereas Ng exports could have a pretty big impact on its prices and in the not to distant future.

    http://www.capitalcube.com/blog/index.php/pengrowth-energy-corp-value-analysis-torontopgf-may-18-2017/?yptr=yahoo

    Pengrowth Energy Corp. – Value Analysis (TORONTO:PGF) : May 18, 2017 – CapitalCube
    www.capitalcube.com
  • Good company, stock sucks!
  • Just an opinion- Yesterday's release of insider buying was tied to the delisting notice as an offset. Yesterday's price rise and today's price drop is tied directly to oil market pricing. Competitors were all up yesterday and all down today. PGH is just in the ebb and flow of the market. Nothing more nothing less.