Seeking Alpha
  • Mercy Jimenez
    Added PGH @$6.38 to existing core holding; CFO last week=PGH has no plans to cut its dividend 12.8% +monthly distribution; payout ratio 68%
    6/22/12
    Reply (12)
    • ratu68: Mercy where did you hear of this, any links to any articles ?
      6/22/12
    • Mercy Jimenez: Paid subscript Canadian Edge+ article on recent merger http://bit.ly/MAK0Ou + Bloomberg quotes CFO http://bloom.bg/PJIJVH
      6/22/12
    • ratu68: Thank Mercy, got a hugh position with PGH and it keeps making 52w lows
      6/22/12
    • declanfromtrinidad: question : why did PGH fell 2.3% today? (even ERF rose).
      6/22/12
    • ratu68: I didn't get it either, maybe something to do with Raymond James downgrade
      6/22/12
    • declanfromtrinidad: ..and the ex-dividend date was wednesday, therefore that is not it either.
      6/22/12
    • declanfromtrinidad: also oil went up 2.5% and natural gas by 1.7%. it is beginning to remind me of ERF...which is not good.
      6/22/12
    • Mercy Jimenez: I sold ERF @$30 so it doesn't remind me of ERF at all; many currently focused on PGH Q1 operational cashflow drop from low nat gas prices...
      6/22/12
    • Mercy Jimenez: I am focused on increasing nat gas prices + recent NAL merger + increasing liquids production while reducing capital spending; pls do own DD
      6/22/12
    • declanfromtrinidad: ERF fell continuously from $22 in early april to now $12. PGH in early may $9 and now falling to $6.39.
      6/22/12
    • declanfromtrinidad: nat gas prices will eventually go up. own both ERF and PGH, and want to add more. but i really would like to know why PGH fell today.
      6/22/12
    • Mercy Jimenez: Only sellers can tell you why they sold; I was a buyer and provided details above on why I bought; suggest always do your own due diligence.
      6/22/12