• declanfromtrinidad
    oil went up 2%, and natural gas went up by 15% today...yet ERF broke even and PGH fell by 2%.....could someone please explain?? clueless.
    6/14/12
    Reply (17)
    • Tom in Texas: Dividend cut hangover?
      6/14/12
    • Tom in Texas: Dividend cut hangover for ERF & expecting a cut at PGH?
      6/14/12
    • declanfromtrinidad: maybe you are right....i had though the dividend cut was already taken into consideration.
      6/14/12
    • humbug2012: Momentum very negative for this stock, plus expect write downs due to low nat gas. Trading on Fundamentals require deep pockets.
      6/14/12
    • declanfromtrinidad: with the level these stocks have dropped to, i thought dividend cuts, write downs are already reflected in the price.
      6/14/12
    • declanfromtrinidad: i am beginning to wonder if the market is over-reacting, and pushing these stocks lower than they should be.
      6/14/12
    • Livingstone: You can't trust ERF anymore. They said repeatedly that they would protect distributions (even after the gas price dropped).
      6/14/12
    • Livingstone: There was a possibility that they might have to cut distributions in 2013 if gas prices didn't improve but their recent corporate
      6/14/12
    • Livingstone: presentation materials and representations made to investors who bought a recent $300 million offering at $24 was that they would not cut
      6/14/12
    • Livingstone: the dividend. Even as the share price was recently dropping they gave no indication to the public or warnings regarding previous dividend
      6/14/12
    • Livingstone: guidance. Now they cut the dividend when the stock is at a 10 year low.... I think you can expect some serious regulatory scrutiny and
      6/14/12
    • Livingstone: potential shareholder legal action aimed at management of ERF. This story is done, IMO, sell your position
      6/14/12
    • Livingstone: PGH is a different story. It has a higher weighting to oil than ERF and recently closed the acquisition of NAL which was marketed as a
      6/14/12
    • Livingstone: positive to the NAL shareholders because their distributions would increase. Their projections were made based on a lower natural gas
      6/14/12
    • Livingstone: pricing scenario. PGH would have a very difficult time explaining to everyone if they now (a month later) cut the distribution that was
      6/14/12
    • Livingstone: profiled in their take over circular. PGH is a buy at these levels for sure.
      6/14/12
    • Ocean Man: I agree, PGH is getting unfairly lumped in w/ ERF. PGH is a great buy near / under $7. No div cut til at least 2013 imo, likely not at all.
      6/15/12