Dear Mr. Radical Reptilecan Anonymous: I am neither a righy nor a lefty ... more of a moderate. Keep this in mind when you make your derogatory and offensive posts.
IF and it is a big IF ... John Kasish was the candidate running for president, I WOULD HAVE VOTED FOR HIM. All I know is that one fourth of the American voters have been DUPED.
Notice the Cdn dollar is getting stronger not good for PGH . They are still hedged at 74 cents I believe for a percentage . At Christmas we will laugh at ourselves for watching so close but I imagine we all want to pounce at the last minute were sure this is headed up to at least over a dollar .
I bought some more PGH stock today. What can I say,, I'm a optimist. GLTALs
Does anybody know exactly what covenant issues we are dealing with? Is it a multiple of cash flow to debt etc?
I guess yesterday was our 1 day up for the month and of course lose it all the next day.
Won Hung Lo
SIX months have passed, and the "greatest negotiator" has NOT accomplished anything! Actually, nothing has been accomplished in the past 8.5 years! Typical Reptilecan performance!
Now why is this $2 stock, still masquerading as a .73 stock?
Won Hung Lo
We NEVER had this much chaos in the white house and congress when Obama was President ~ Obama created an excellent economic environment for the country to grow. We have experienced the longest bull stock market in history since the financial debacle in 2008, etc. etc.
If olds Garrington sale closes on time Aug 1st, Could be our first best chance for a break. Just 2 weeks from now. Then 2nd quarter report a few days later.
PGH.... The stock was terrible years ago @ 5.00 bucks
Won Hung Lo
USS Gerald Ford - "Construction began on 11 August 2005. The keel of Gerald R. Ford was laid down on 13 November 2009, ... formally commissioned on July 22, 2017. She is expected to leave on her first deployment around 2021. On 10 September 2008, the U.S. Navy signed a $5.1 billion contract with Northrop Grumman Shipbuilding. Final Cost: $12.8 billion + $4.7 billion R&D"
any body interested in a Class action suit to get rid of those bums running the company
My Updated Oil Price Forecast Looks Great for My Favorite Energy Play By Dr. Kent Moors, Global Energy Strategist, Money Morning
After flirting with "official" bear market territory, a sharper-than-expected drop in U.S. crude stockpiles has sent oil higher once more.
But inventories aren't necessarily the main force driving oil prices right now. Rather, pure and simple greed is. Market manipulation, in other words, of the type we've seen (and profitably countered) before.
Since July 4, we've been experiencing the latest bout of these manipulations.
The price gyrations in the oil market have brought out the latest round of doomsayers and speculators.
Steve, not as many steves as u think. I used the name stevie nicks when I created this account, just to see if anyone would notice and get a laugh out of it. In the past, some ppl have impostered my names, to try to tarnish my reputation as an informed investor. So whats up with Seymore ? Is he legally maxed out ? You'd think at 74 cents, he'd gobble up a boatload of shares.
14 million shares are short no matter how hard the stupid shorties try they are going to fail miserably. Those who buy now can expect great returns. I am long 165000 shares. I am having fun taking paper losses but the shorts will not have that much fun when they lose real money.
There has been ZERO rotation from the tech sector to the energy sector
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I like the 18m forfeited deposit on the failed deal. Obviously when the prospective buyer attempts to purchase they fully intend to close. That's a 10% ROI...now if that can be done twice in 1 year....that would equal 20% ROI for PGH. It's like selling a "covered call".
The 18m pays 300m worth of notes at 6% interest rate for 1 year....maybe this is PGH's new method of "hedging"
As far as the Life Insurance Co. I'm sure they will comply because they wouldn't obligate themselves if they couldn't perform or their shareholder's would start a mutiny. IMO
The Old field they are selling for less when they bought....but figuring the ROI they made while holding this asset it may be a decent price due to when they acquired it oil was higher.....possibly a breakeven scenario.
If the closed Swan Hills deal and the Old's deal closes....and the money is used to pay down debt this should be enough to get new debt without heavy restrictive covenants so it may allow a partnership in the 2 "prized" assets our beloved company has left.
There is always the 4% GORR that could be sold again for a 300m+ this time instead of the 250m like last time to a Prairie Sky or the like? Do you think Prairie Sky would have paid 250m for 4% for Lindbergh if it wasn't worth at least 12X the 250m (12 X 4% = 48%)?
What does everyone think?
Won Hung Lo
RAMESH - Please explain ... " I am long 165000 shares. I am having fun taking paper losses ". How can one be "having fun taking paper losses"? Doesn't paper losses reduce you equity?
who sold PGH 6cent under after market, good move?
How about that news about the US going after PWE management for fraud wanting fines . Glad I am not in that one . I still believe this will rebound at least 300% from todays price in the next lustrum tops if not in the next couple of years . They dug out last time from $10 oil but they had $4 NG and were hitting 90% of their conventional wells . It is so hard to be patient .