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PennyMac Mortgage Investment Trust T.PMT


Primary Symbol: PMT Alternate Symbol(s):  PMT.PR.A | PMT.PR.B | PMT.PR.C | PMTU

PennyMac Mortgage Investment Trust is a specialty finance company. The Company invests primarily in mortgage-related assets. The Company conducts all its operations, and makes investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. The Company's segments include credit sensitive strategies, interest rate sensitive strategies, correspondent production, and corporate. The credit sensitive strategies segment represents its investments in credit risk transfer (CRT) arrangements, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. The interest rate sensitive strategies segment represents its investments in MSRs, excess servicing spread (ESS) purchased from PFSI, Agency and senior non-Agency MBS and the related interest rate hedging activities. The Correspondent Production segment serves as an intermediary between lenders and the capital markets by purchasing, pooling and reselling credit quality loans.


NYSE:PMT - Post by User

Comment by CravenRaven101on Jan 24, 2012 3:18pm
183 Views
Post# 19443246

RE: RE: RE: RE: TYVM for those good posts:

RE: RE: RE: RE: TYVM for those good posts:

If I am not mistaken much of PMT's NG  "In the Back yard" is shut in from the ERCB Bitumen over gas ruling,

and I am sure that the BIG SAGD operators have plenty of their own NG and diluent to supply their own steam generators.  and even if they don't TCPL just built a HUGE pipeline from rainbow to Ft. Mac to supply it's "industrial customers".

I am also sure that I already suggested months and maybe a year ago, that IF PMT was going to make a go that they look at offering some very long term supply deals. BUT thanks for that reiteration.

Not sure how you determined that PMT was some sort of senior producer, but even as a trust they were a wee bit down the totem, if anything a bottom quartile intermediate.

 

and I have to say... IF they are anywhere near a million or (insert laugh here) 2 million acre company SHAME  on managment for squandering their opportunities to develop such a vast tract.

 

as always it's my opinion git yer own.

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