Pascal
09-08-2014, 01:05 PM
PWE is a real dog... It is an oil/Gas producer.
The company has delayed result publications due to restatements under way.
Now, the management has said that the restatement will be immaterial regarding reserves and production.
So, traders have been buying in the past few days.
I also bought today some March 2015 $8 calls.
I believe that this dog is going to jump over the fence and run.
If it does not, I'll eat the loss.
Pascal
2578625787
The company has delayed result publications due to restatements under way.
Now, the management has said that the restatement will be immaterial regarding reserves and production.
So, traders have been buying in the past few days.
I also bought today some March 2015 $8 calls.
I believe that this dog is going to jump over the fence and run.
If it does not, I'll eat the loss.
Pascal
2578625787