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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 31, 2012 9:19am
277 Views
Post# 19468812

RE: When does PMT report Q4?

RE: When does PMT report Q4?

my guess? as late as they possibly can... The good news is that it appears PMT has found some stability in share price, it also seems that the jibber jabber about this company's fortunes resting on NG pricing has finally been laid to rest...  I will add ONE thing about Gorssmont Oil Sands... and Y'all can do your own DD... I recall a few months back... that Shell (who paid something near $600MM for exploration licenses in these sands back around 2006) wrote those licenses off without much exploration... AND as I recall they (SHELL that is) had signed up a couple of JV's with companies like PBG (THAI process) and a former tech Co (now SNV) turned potential Iraqi heavy oil producer (with some former  Royal Dutch Shell employees doing the groundwork). In any case Shell siged up these tech company's to see if the tech's these companies were developing could help "unlock" the Grossmont sands and make them a viable play...

 

The issue being Grossmont is significantly different than the McMurray play the Grossmont sands are calcium/lime infused as I understand it... and adding high temp steam simply melts the calcium and line before a viable steam chamber can be created... at least that is my understadning... and the reason Shell was trying to use new tech... which may or may not work...BUT until the patents on those techs become public domain (like SAGD eventually did) there isn't much chance grossmont will produce  save for the very few small scale operations and "pilots" currently underway...

so what??? So...IF PMT hangers on believe that mgmt is going to add value with their sands leases... they appear to have some headwinds coming from the oil sand direction..

 

BUT as I stated ... do your DD... don't take my word for it...

 

as always it's MY opinion git yer own...

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