Jump to content

biaggio

Member
  • Posts

    1,200
  • Joined

  • Last visited

Everything posted by biaggio

  1. I work in Canadian health care system. Canadian system has many imperfections, mostly leading to much inconveniences in the form of untimely service. However I believe that it provides the “supercat” coverage someone else was talking about. i.e. if you get cancer or need expensive surgery you don t need to worry about payments or going bankrupt.
  2. I am hoping that it drops further down to <$320(0.8 x projected BV of $400-see other posts on FFH results) so I can add to my portfolio.
  3. I bought it high. Have held on through massive dilution as a result of the Grey acquisition which could not have had worse timing. I bought PDS before reading the fine information/wisdom from this board. I am impressed that they are able to turn a profit with drilling being down so much. There drilling rig use was down almost 44%. They earned $0.25 with drilling utilization down as a result of natural gas spot prices being real low during the quarter. Could they earn $1 per share? How much can they earn if + when the economy turns? By the way, PDS not paying a dividend as they are using cash to pay down debt. Trust structure in Canada to end I believe in 2011. I would feel better if management had more skin in the game. I think they own <1% of stock.
  4. Sorry Richard I am not that confident. With $$$ on the line, I thought it over it again...would the following make sense: The door I choose would have 1% chance of having the car...wheras the door the computer chooses after the other 98 door are opened has a 50% of having the car?
  5. "Suppose instead there's 100 doors, 1 car and 99 goats. Suppose you choose door 1. Then the host opens doors 2, 3, 4 ... 56, 58, 59, ... 100. So there's exactly 2 doors closed, door 1, which you picked, and door 57, which the host decided not to open for some strange reason. Would you still claim that there's no benefit of switching from door 1 to door 57, that it's still 50/50?" What would prevent the car from being behind door #1? Say, you were the host, and door #1 actually had the car, as the host you would still have to randomly choose one of the other doors even knowing that there would be a goat behind it (both doors would have a goat) Before the host opens the doors you would have 1 in 100 odd of choosing the prize. After the door openings you would have a 50-50 odd of choosing the door with the car (ie door #1 + 57 would both have an equal chance of having the car..... ie no benefit)
  6. This is my first post ever, anywhere. I have been reading the posts on this site for the last year or so. This is by far one of the best resources I have used. Thanks to all on this site for their insightful comments. I have been investing in natural gas for the last several years in an energy trust called Peyto (pey.un on TSE). In hindsight this may have been outside my circle of competence or I was just early . I am down ~ 50%.(ouch!) my back of envelope thinking: -low cost operator. Apparently has the lowest cost in the industry. On recent conference call CEO reports that company would make money with nat gas at <$2. -currently yielding ~16%. Earned last quarter’s pay out despite low nat gas prices thanks to hedging. -has natural gas reserves that are valued at ~$26 per share(998 Bcfe ). Shares trade at $9.18. Once economy recovers, especially if we start using electricity to run our cars I am hoping that price will approach price of $26. Get paid(16% currently) while you wait. -seems to be well managed. I like managements commentary on the industry in their monthly letter to shareholders on their website. Managers have sizable stock in the company-info available on their website (peyto.com). latest quarterly report: http://www.peyto.com/news/Q22009PressRelease.pdf Negatives: - former CEO was selling +++ shares this past spring. - They sold more unit trusts earlier this summer (if they needed money I would have rather they cut the dividend) I started buying several years ago when I noticed the high cost of heating and cooling my home with natural gas. I thought it would be a way of hedging my costs (probably foolish thinking at the time). Any comments/insights would be appreciated.
×
×
  • Create New...