Doc Posted July 30, 2020 Share Posted July 30, 2020 6 minutes ago, Mr. WEO said: has a new "goal" of staying "viable". I'd say that everyone in sports and entertainment has that new goal now. 1 Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 30, 2020 Share Posted July 30, 2020 5 minutes ago, Doc said: I'd say that everyone in sports and entertainment has that new goal now. “viability”? Doubt it. Has many felt compelled to question their viability publicly? Link to comment Share on other sites More sharing options...
Doc Posted July 30, 2020 Share Posted July 30, 2020 7 minutes ago, Mr. WEO said: “viability”? Doubt it. Has many felt compelled to question their viability publicly? So just because they don't actually say it, they're not concerned with it? OK. Link to comment Share on other sites More sharing options...
Dr.Sack Posted July 30, 2020 Share Posted July 30, 2020 At this point you just need to do a little bit of homework on the state of PSE, and Pegula’s holdings. Is there enough liquidity? Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 30, 2020 Share Posted July 30, 2020 11 hours ago, Doc said: So just because they don't actually say it, they're not concerned with it? OK. ok doc. lol Link to comment Share on other sites More sharing options...
Milanos Milano Posted July 30, 2020 Share Posted July 30, 2020 24 minutes ago, Mr. WEO said: ok doc. lol Name one energy venture Pegula has been in that has flopped. Link to comment Share on other sites More sharing options...
Doc Posted July 30, 2020 Share Posted July 30, 2020 39 minutes ago, Mr. WEO said: ok doc. lol Ok...what? You're saying that since no one else is expressing their concern...that they're not concerned about the viability of their entertainment businesses? That everything is hunky dory? I think everyone (else) can see the absurdity of that statement. 14 minutes ago, IronMaidenBills said: Name one energy venture Pegula has been in that has flopped. Doesn't matter. WEO knows more than a billionaire who made his fortune in this area. Link to comment Share on other sites More sharing options...
Milanos Milano Posted July 30, 2020 Share Posted July 30, 2020 1 minute ago, Doc said: Ok...what? You're saying that since no one else is expressing their concern...that they're not concerned about the viability of their entertainment businesses? That everything is hunky dory? I think everyone (else) can see the absurdity of that statement. Doesn't matter. WEO knows more than a billionaire who made his fortune in this area. A lot of other people apparently trust Pegula to. IPO closed in 3 days. I look forward to watching my investment grow. As long as Pegula is CEO and controls a large % of the outstanding shares, I feel like he can bring at least 2x growth. Link to comment Share on other sites More sharing options...
aristocrat Posted July 30, 2020 Share Posted July 30, 2020 be greedy when others are fearful. 1 Link to comment Share on other sites More sharing options...
Doc Posted July 30, 2020 Share Posted July 30, 2020 24 minutes ago, IronMaidenBills said: A lot of other people apparently trust Pegula to. IPO closed in 3 days. I look forward to watching my investment grow. As long as Pegula is CEO and controls a large % of the outstanding shares, I feel like he can bring at least 2x growth. Looks that way. Link to comment Share on other sites More sharing options...
Shaw66 Posted July 30, 2020 Share Posted July 30, 2020 It's very simple to me. Investing in someone with a good track record in the industry is a sound idea. It doesn't mean the investment will be a success, but it makes a whole lot more sense investing in someone who already has shown that he can make money in the industry. Warren Buffett is the extreme example. He's shown he can succeed investing in a lot of different businesses, so people are willing to give him money to invest. Buy low, sell high is a winning formula. Petrochemicals are low. They aren't going to zero permanently, not for a few hundred years. If I want to buy some petrochemicals low, I don't mind having Terry Pegula make the choices for me. He has a track record. 3 Link to comment Share on other sites More sharing options...
Milanos Milano Posted July 30, 2020 Share Posted July 30, 2020 5 minutes ago, Shaw66 said: It's very simple to me. Investing in someone with a good track record in the industry is a sound idea. It doesn't mean the investment will be a success, but it makes a whole lot more sense investing in someone who already has shown that he can make money in the industry. Warren Buffett is the extreme example. He's shown he can succeed investing in a lot of different businesses, so people are willing to give him money to invest. Buy low, sell high is a winning formula. Petrochemicals are low. They aren't going to zero permanently, not for a few hundred years. If I want to buy some petrochemicals low, I don't mind having Terry Pegula make the choices for me. He has a track record. This. NG isn’t going anywhere for a long time. Renewables are great, but anyone thinking NG won’t be around doesn’t know anything about global energy. EVs have to run on electric, and NG will more than likely fill that demand. 100% solar isn’t happening anytime soon without massive battery storage which will need vast amounts of lithium. Not to mention NG as a heating fuel, it will be incredibly difficult to switch that in northern climates without paying way more in electricity costs. NG is also going to be needed for the growth of the developing world countries. NG is also more than likely going to replace coal power plants. Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 30, 2020 Share Posted July 30, 2020 2 hours ago, IronMaidenBills said: Name one energy venture Pegula has been in that has flopped. JKLM seems to be struggling a bit. They stopped drilling months before COVID as NG prices continued to tank. I asked you twice of you gave him money in the IPO. You didn't respond. Now you're saying you did invest with him in this new venture? 2 hours ago, Doc said: Ok...what? You're saying that since no one else is expressing their concern...that they're not concerned about the viability of their entertainment businesses? That everything is hunky dory? I think everyone (else) can see the absurdity of that statement. Doesn't matter. WEO knows more than a billionaire who made his fortune in this area. There's being "concerned" and there's making an unsolicited public announcement that you business is at a point where your "goal is to make sure we are viable" and still "here for the next few months" Weeks later they would fire their Executive VP of Finance. I don't see the Yankees, the Rangers, Giants (heck, the Knicks), etc, announcing publicly that they are in rough shape and trying to remain viable for a few months. Link to comment Share on other sites More sharing options...
Doc Posted July 30, 2020 Share Posted July 30, 2020 1 hour ago, Mr. WEO said: There's being "concerned" and there's making an unsolicited public announcement that you business is at a point where your "goal is to make sure we are viable" and still "here for the next few months" Weeks later they would fire their Executive VP of Finance. I don't see the Yankees, the Rangers, Giants (heck, the Knicks), etc, announcing publicly that they are in rough shape and trying to remain viable for a few months. She's obviously not talking about the Bills or even the Sabres. Both of those teams will survive for sure. Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 30, 2020 Share Posted July 30, 2020 4 hours ago, Doc said: She's obviously not talking about the Bills or even the Sabres. Both of those teams will survive for sure. She's talking about PSE. Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 30, 2020 Share Posted July 30, 2020 8 hours ago, Shaw66 said: It's very simple to me. Investing in someone with a good track record in the industry is a sound idea. It doesn't mean the investment will be a success, but it makes a whole lot more sense investing in someone who already has shown that he can make money in the industry. Warren Buffett is the extreme example. He's shown he can succeed investing in a lot of different businesses, so people are willing to give him money to invest. Buy low, sell high is a winning formula. Petrochemicals are low. They aren't going to zero permanently, not for a few hundred years. If I want to buy some petrochemicals low, I don't mind having Terry Pegula make the choices for me. He has a track record. Pegula created his wealth ("made money in the industry") by extracting fuel from the ground, not as an investor in energy companies.. When he saw where NG was headed and the resistance forcing was meeting, he cashed out (very wise) of this very industry. Since then he has limited his production to a small company he owns that stopped new drilling a while ago and NG prices have been diving for over 2 years. He wouldn't be considered an "investor"--certainly not in any sense similar to Buffet, until this new venture. If you want to invest in petrochemicals that's easy enough for you to do without Pegula's help. With him, you would be investing in companies that make the fuel. That's different. Link to comment Share on other sites More sharing options...
Shaw66 Posted July 30, 2020 Share Posted July 30, 2020 24 minutes ago, Mr. WEO said: Pegula created his wealth ("made money in the industry") by extracting fuel from the ground, not as an investor in energy companies.. When he saw where NG was headed and the resistance forcing was meeting, he cashed out (very wise) of this very industry. Since then he has limited his production to a small company he owns that stopped new drilling a while ago and NG prices have been diving for over 2 years. He wouldn't be considered an "investor"--certainly not in any sense similar to Buffet, until this new venture. If you want to invest in petrochemicals that's easy enough for you to do without Pegula's help. With him, you would be investing in companies that make the fuel. That's different. That's absurd. Its foolish to suggest that a man who created a $5 billion natural gas company doesn't understand the natural gas markets. 2 Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 30, 2020 Share Posted July 30, 2020 3 minutes ago, Shaw66 said: That's absurd. Its foolish to suggest that a man who created a $5 billion natural gas company doesn't understand the natural gas markets. He certainly understood them enough to get out of them. I wonder if Eastern Resources Acquisition Co. will by out JKLM.... Link to comment Share on other sites More sharing options...
Augie Posted July 31, 2020 Share Posted July 31, 2020 6 minutes ago, Mr. WEO said: He certainly understood them enough to get out of them. I wonder if Eastern Resources Acquisition Co. will by out JKLM.... He is smart enough to navigate the ups and downs. When you can show me a $5 BILLION net worth, I’ll be happy to listen. Until then? Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 31, 2020 Share Posted July 31, 2020 17 minutes ago, Augie said: He is smart enough to navigate the ups and downs. When you can show me a $5 BILLION net worth, I’ll be happy to listen. Until then? Did you invest in his IPO? It's down to $10. When you have, I will be happy tom listen. Link to comment Share on other sites More sharing options...
Augie Posted July 31, 2020 Share Posted July 31, 2020 3 minutes ago, Mr. WEO said: Did you invest in his IPO? It's down to $10. When you have, I will be happy tom listen. He’s a proven and brilliant billionaire. We are posting on an internet message board about one of his toys. I’m not pretending to be any smarter than I am, and that bar isn’t exactly world class. But I freely admit it. Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 31, 2020 Share Posted July 31, 2020 (edited) 5 minutes ago, Augie said: He’s a proven and brilliant billionaire. We are posting on an internet message board about one of his toys. I’m not pretending to be any smarter than I am, and that bar isn’t exactly world class. But I freely admit it. Kylie Jenner is a billionaire. So is Trump. If both announced that they were launching an investment company in makeup or real estate markets (respectively) would you claim that they are geniuses that deserve your investment dollars? Edited July 31, 2020 by Mr. WEO Link to comment Share on other sites More sharing options...
Doc Posted July 31, 2020 Share Posted July 31, 2020 (edited) 1 hour ago, Mr. WEO said: She's talking about PSE. Well, the "E" part. Where everyone's trying to stay viable. 34 minutes ago, Mr. WEO said: Did you invest in his IPO? It's down to $10. When you have, I will be happy tom listen. LOL! No one's asking you. Edited July 31, 2020 by Doc Link to comment Share on other sites More sharing options...
Augie Posted July 31, 2020 Share Posted July 31, 2020 19 minutes ago, Mr. WEO said: Kylie Jenner is a billionaire. So is Trump. If both announced that they were launching an investment company in makeup or real estate markets (respectively) would you claim that they are geniuses that deserve your investment dollars? If you think you made a clever point, I’d bet you’re in the minority. This isn’t worth it to me. Have a nice night. 1 Link to comment Share on other sites More sharing options...
Milanos Milano Posted July 31, 2020 Share Posted July 31, 2020 (edited) 11 minutes ago, Augie said: If you think you made a clever point, I’d bet you’re in the minority. This isn’t worth it to me. Have a nice night. Augie, I wouldn’t worry about it. He probably doesn’t even understand that Terry has a petroleum engineering degree from Penn St. or that members of his staff have engineering degrees with experience in the energy sector. They have all upstream, mid stream, and down stream experience. If there is anyone I trust in this industry, it’s Pegula. Edited July 31, 2020 by IronMaidenBills 2 Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 31, 2020 Share Posted July 31, 2020 8 minutes ago, IronMaidenBills said: Augie, I wouldn’t worry about it. He probably doesn’t even understand that Terry has a petroleum engineering degree from Penn St. or that members of his staff have engineering degrees with experience in the energy sector. They have all upstream, mid stream, and down stream experience. If there is anyone I trust in this industry, it’s Pegula. You keep saying you “trust” him. What have you trusted him with? Link to comment Share on other sites More sharing options...
Doc Posted July 31, 2020 Share Posted July 31, 2020 30 minutes ago, IronMaidenBills said: Augie, I wouldn’t worry about it. He probably doesn’t even understand that Terry has a petroleum engineering degree from Penn St. or that members of his staff have engineering degrees with experience in the energy sector. They have all upstream, mid stream, and down stream experience. If there is anyone I trust in this industry, it’s Pegula. No, he just doesn't like Terry (who knows what reason the dart he tossed blindly at his dartboard hit). And as a result you get this comedy gold. Link to comment Share on other sites More sharing options...
Milanos Milano Posted July 31, 2020 Share Posted July 31, 2020 $10.0 a share now. Won’t do much until the business ramps up. 1 Link to comment Share on other sites More sharing options...
haroldwaide Posted August 3, 2020 Share Posted August 3, 2020 Yeah. Definitely a "long haul" investment. Still probably a real nice one to have in your retirement account . I'm actually hoping to buy more shares as time goes on since I had some extra money lying around that I didn't need for anything and really needed to start saving for retirement.... 1 Link to comment Share on other sites More sharing options...
Over 29 years of fanhood Posted August 4, 2020 Share Posted August 4, 2020 On 7/30/2020 at 8:24 PM, Mr. WEO said: Did you invest in his IPO? It's down to $10. When you have, I will be happy tom listen. I just bought a stake in it. A bunch of cash in the hands of a self made billionaire who made his billions doing what he is about to do more of..... sure, why not 1 Link to comment Share on other sites More sharing options...
Milanos Milano Posted August 4, 2020 Share Posted August 4, 2020 2 hours ago, Over 29 years of fanhood said: I just bought a stake in it. A bunch of cash in the hands of a self made billionaire who made his billions doing what he is about to do more of..... sure, why not He’s very competent with a petroleum engineering degree from penn state. He has plenty of business experience as well. As long as NG prices rebound some, I wouldn’t be surprised to see him increased market cap 5-10x just likes he’s done before. Link to comment Share on other sites More sharing options...
Milanos Milano Posted August 4, 2020 Share Posted August 4, 2020 Today closed at $10.00 . I wonder how long Pegs sits on the cash before he makes his move. Link to comment Share on other sites More sharing options...
haroldwaide Posted August 4, 2020 Share Posted August 4, 2020 I honestly don't expect much movement for at least a year or more. Like I said, it's a long play but I'm think it will be well worth it in the end if you are able to stay in long enough. Link to comment Share on other sites More sharing options...
Milanos Milano Posted August 4, 2020 Share Posted August 4, 2020 2 hours ago, haroldwaide said: I honestly don't expect much movement for at least a year or more. Like I said, it's a long play but I'm think it will be well worth it in the end if you are able to stay in long enough. It could be sooner, it all just depends on what Pegs does with the money. The sooner he acts the better, just hope he makes good decisions like his previous gas biz. Link to comment Share on other sites More sharing options...
Milanos Milano Posted August 5, 2020 Share Posted August 5, 2020 I don’t think there will be a merger. Terry has already stated they want to acquire already productive wells in Pennsylvania, and not so much acreage projects. Wants to get that steady cash flow established. The questions is, what assets might he be looking at? Does Chesapeake energy still control any assets in the region? Link to comment Share on other sites More sharing options...
iinii Posted August 5, 2020 Share Posted August 5, 2020 On 7/30/2020 at 8:07 PM, IronMaidenBills said: Augie, I wouldn’t worry about it. He probably doesn’t even understand that Terry has a petroleum engineering degree from Penn St. or that members of his staff have engineering degrees with experience in the energy sector. They have all upstream, mid stream, and down stream experience. If there is anyone I trust in this industry, it’s Pegula. I don’t trust him at all. Look at what he does to the planet. Pegs is nothing more than a wealthy blood sucker. https://www.nrdc.org/onearth/small-towns-battle-against-radioactive-fracking-waste Link to comment Share on other sites More sharing options...
Mr. WEO Posted August 5, 2020 Share Posted August 5, 2020 14 hours ago, IronMaidenBills said: It could be sooner, it all just depends on what Pegs does with the money. The sooner he acts the better, just hope he makes good decisions like his previous gas biz. His last such decision was to cash out of NG and dump it all. Link to comment Share on other sites More sharing options...
Milanos Milano Posted August 5, 2020 Share Posted August 5, 2020 1 hour ago, Mr. WEO said: His last such decision was to cash out of NG and dump it all. Ya, buy low sell high. Looks like he’s buying low again. Link to comment Share on other sites More sharing options...
Jauronimo Posted August 5, 2020 Share Posted August 5, 2020 (edited) On 7/30/2020 at 7:24 PM, Mr. WEO said: Did you invest in his IPO? It's down to $10. When you have, I will be happy tom listen. Par is $10. Its a special purpose acquisition company (SPAC). They formed a public company with the stated purpose of acquiring or merging with a company in the energy space. Pegs has 2 years to make a deal or return everyone's capital. Every SPAC initially trades at $10 and there is little share price movement until deal is rumored or definitive agreement is in place. On 8/4/2020 at 10:17 AM, Over 29 years of fanhood said: I just bought a stake in it. A bunch of cash in the hands of a self made billionaire who made his billions doing what he is about to do more of..... sure, why not Pegula made his billions buying oil and has producing acreage and developing this acreage. Raising capital, assessing investments, and closing deals is a different sport. Edited August 5, 2020 by Jauronimo Link to comment Share on other sites More sharing options...
Mr. WEO Posted August 5, 2020 Share Posted August 5, 2020 37 minutes ago, IronMaidenBills said: Ya, buy low sell high. Looks like he’s buying low again. He didn’t “buy low” before. He started an extraction company. He wasn’t an investor. Link to comment Share on other sites More sharing options...
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