RE:RE:RE:RE:unfortunately the Spin Doctor hereDidn't we see a trickle of insider buying yesterday? I realize its for peanut dollars... With that said even if we did see a chunk of selling in the next 1-2 months, how much is tax related vs long term viability?
Sentiment for the company and the basin sucks right now. Valuation based on NAV of PDP10 is reasonable. The only better buying opportunity would be if the company cut dividend and focused on paying down debt. On the flip side if you think the natural gas prices will stay about $1.90 AECO than PEY realizes significant operational leverage on price and better yet if it holds until December 31st they realize a large gain on PDP10 reserves if they can replace production...