lambs ur back, thanks mannow i can make some money, slow day today so far, I did sell some call options for 1000, i can't see oil heading too much higher but you never know, still a profit is a profit, in the bank my friend in the bank.
as we await the decision by the bond holders as to swap for TOU or not, PMT will trade sideways and maybe up a little because this swap, is very positive for longer term survival.
They are lowering their long term debt, lowering their debt service costs by 13 per annum, and with a better future price for NG tyhen 2017 might be a positive year for them which makes 2016 a transition year.
it's not going to the moon, but tcould be new developments that could influence their SP,
1-more asset sales for cash
2-more asset sales for TOU shares
3-more JV's with TOU or Suncor on the LEAD project
4-some layering of hedging into 2017 and 2018
5-maybe some strategic property purchases or even junior O&G takeover by issusing PMT shares since their float is so small
lots of possibilities with a company like Perpetual and perpetual's managemetn team.
GLTA