Milanos Milano

Old article but totally relevant. https://www.google.com/amp/s/www.cnbc.com/amp/2019/12/03/distressed-investing-experts-say-crisis-in-oil-patch-is-mounting.html

You are actually right, I just re read some material about SPACs, and I think they must use like 80%+ of the funds on a deal. I think that’s the case, but I’m not a professional when it comes to this. Either way, I think Pegs wants to retain control of his company, I don’t see a merger happening.

Didn’t East Resources pay out a dividend as well? Pegs takes care of his investors.

They are going after developed acreage. Of course they will have to take on some debt, but they don’t appear to be initially going after undeveloped acreage. They want wells already in production.

Most of these posters are just bitter environmentalist. There is nothing wrong with wanting renewables, but these people are completely unrealistic.

A lot of people here don’t like pegs spac company because of the environmental aspects of it. You aren’t getting 100% renewables for a long time, so you might as well just accept natural gas and get over it.

I don’t think they are looking to buying a company outright. They are hunting assets. Im not saying oil and gas as in production from a well. Of course they aren’t producing both, but it could mean he is looking at oil and gas. Chances are he will focus on gas.

Im pretty sure they aren’t looking at debt laden companies, but. “Generally, in an asset purchase, the purchasing company is not liable for the sellers debts, obligations and liabilities. But there are exceptions, such as when the buyer agrees to assume the debts, obligation or liabilities in exchange for a lower sales price, for example.”

Again, I’m not sure what they plan on buying. But not to long ago, Diversified Oil and Gas purchased assets from HG Energy (private) that had operating wells. Pegs is looking for private businesses with these same kind of assets.

I don’t know who they are buying from. It doesn’t sound like they want a merger or taking on other companies stock and debt. They are looking for assets already generating free cash flow. They aren’t immediately looking for undeveloped acreage. It basically sounds like how Diversified Oil and Gas (DGAOF) operates. They may still develop undeveloped acreage at some point, but it appears they are targeting acreage with already producing wells.

A lot of these companies have become bankrupt and they have to sell these kind of assets. Well hunting is common, kind of like Diversified Oil and Gas.

These companies, just like Chesapeake Energy had massive amounts of debt. Pegs doesn’t over leverage his companies. He’s smart with his asset management. Initially he’s going for wells that are already in production that are generating free cash flow.

But he has years of experience with all the economic phases of oil and gas. Why would he buy back in if he didn’t think he could provide ROI for his investors?

He’s very qualified in the oil and gas industry. It’s totally worth the risk to invest in Pegs. I think Terry has said they aren’t looking immediately at undeveloped acreage projects. They want cash flow from wells already in production. The problem is, I haven’t seen very many of those kind of assets for sale within PA. There looks to be some for sale just north of State College. It’s good he’s going after cash flow generating projects initially. I’d like for them to get established and maybe even offer a small dividend to their investors.

Ya, buy low sell high. Looks like he’s buying low again.

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?

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.

Today closed at $10.00 . I wonder how long Pegs sits on the cash before he makes his move.

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.

Jersey Epidemic Terrible Season

$10.0 a share now. Won’t do much until the business ramps up.

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.

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.

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.

Name one energy venture Pegula has been in that has flopped.