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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

Post by theancienton Aug 21, 2015 11:55am
48 Views
Post# 24040067

RE:Reality goes on

RE:Reality goes onThe reality is PMT is in trouble like ALL other O&G companies, the reality is we all know the glut is not going away before next withdrawal season, we can see the number of drilling rigs are way down. But, the unknown side of reality appears to be getting worst, how much more shut-in gas is still waiting to tied-in, how long will it take for some lease obligations to run its course, now a day, one rig can drill up to eight wells or more on a drilling platform, how often can they hit the sweet-spots, their decline rate is unknown, so low rig counts is not a good reason to bet on O&G, there are more companies can make money on $1 gas than we can think of.
All the trees in the O&G forest has been so badly shaken, how much more can they drop, of course some of the trees will be up-rooted. I like to bet something on conventional gas companies like PMT, beside the supply and demand issues, there is a chance some day some frackings  have to stop or suspended due to envirormental and health reasons, the chance is slim, but its there.
The over-supply picture should be clearer by Christmas, at least  I think that's what the PMT people are hoping for. LOL CHEERS, GLTA.
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