Penn Virginia Corp (NYSE:PVA)
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The Company is engaged in the exploration, development and production of crude oil and natural gas.
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The Company is engaged in the exploration, development and production of crude oil and natural gas.
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Strong balance sheet is the only thing holding PVA up. Cash on hand at this time is rock bottom which concerns us all. Could be a big turn around stock once they start generating substantial revenues from the Pennsylvania project, but it's looking more like they will be selling some shares to get some cash...or assets. Do they realize they are paying a dividend? Makes more sense to suspend it until they are better stabilized, but who knows what they are thinking.