10Q Detective

10Q Detective
Contributor since: 2006
What is CEQP's exposure to a potential CHK restructuring?
How does a company go from DCF ratio of 1.3X to cutting dividend? Utilization rates must be plummeting - dividend is lower than 2012!!!
As most of their assets are pledged to senior credit facilities, a restructured bankruptcy is the best way to sh-tcan common and preferrred shareholders -- given what's left will be fed to senior unsecured bondholders ,,, so much for probabilities - eh?
JPEP intrigued me until I drilled down and reviewed their business units - spec. their supply/ logistics unit: nothing more than a "trading" arm. Division buys crude and sells contracted oil to customers. AND, management is terrible at it - should leave this business to the big boys at JPM or GS.
I'll pass!
one of the better posts I've read on SA lately -- well-said & done!
Additionally, "extended" price weakness seen in many MLPs - such as EVEP selling for $5.50 last week (paid down much of debt with asset sale) - likely due to hedge funds forced to sell to meet redemption and/or margin calls; closed-end ETFs liquidating MLP holdings at "fire-sale" prices to re-set capital ratios.
BTW folks - correct me if I'm in error, but I believe the $600M in bonds due in May 2020 are senior, secured - which means they're collateralized against ASSETS. In other words - we get nothing if company pulls a Titanic!
Similar to the supposed asset sale of its Eureka Hunter pipeline,the alleged drilling joint venture looks more like another desperate act of dissimulation by management: the regulatory filing stated that a definitive agreement would be executed within “the next 30 to 45 days."
Re: http://bit.ly/1F4ZYPt
Similar to the supposed asset sale of its Eureka Hunter pipeline,the alleged drilling joint venture looks more like another desperate act of dissimulation by management: the regulatory filing stated that a definitive agreement would be executed within “the next 30 to 45 days."
http://bit.ly/1F4ZYPt
Management said on the August 5 earnings call that a decision on the pipeline asset sale was "imminent."
Direct quote: We've gotten three more bids now – or three total bids. We're expecting more over the weekend and this week. And so we will pick a horse probably by the end of the next week or at the latest the beginning of the following.
It's now September and no deal has been announced -- and the stock price continues to hit new lows. Whom should I believe - Gary Evans or selling shareholders? Prove me wrong -- please! -- but no deal is what the share price is saying?
If the company hasn't set aside reserves for any of these suits - I wouldn't be too concerned....
Would you rather invest in this sand company - or any (deleveraged) E&P that determines the demand for sand?
An exercise in the sublime: talking about shorting a stock with few shares available to short and put options with exorbitant premiums. YAWN! Any other ideas?
For year-ended 2014, midstream assets generated $15.3M in "equity" income for EVEP. Going forward, if the company can use the sale proceeds to purchase lucrative
hydrocarbon leases at "fire-sale" prices from distressed E&P companies, the monetization move could prove prescient -- assuming energy prices rebound. Eh?
Your "expendables" side of the ledger certainly supports it's name: GHR & MHR HIGHLY leveraged; CRR - ceramic proppants could become an out-dated, out-of-favor tubing product in a few years; and, PSEC - CLO's and their sliced & diced tranches - anyone remember something called subprimes a few years back?
That said - still found your article informative - thanks. Big fan of Calumet & CSI
You might want to recall the old Wall Street adage: Don't step in front of a runaway train!!!
love all your run-on sentences - makes as much sense as your analysis of Ford
This article a waste of ether
"Nobody expects refiners to make money in the fourth quarter." Like try for the next four years!!!!
industry.bnet.com/ener.../
How impressive 3Q earnings? In actuality, the impressive year-on-year quarterly profit gain was mostly due to the one-time income tax benefit of $21.7 million. In addition, although the single-stream 802.11 Align product family has been the fastest and largest ramping chips in Atheros’ history, is it not troubling that the company has already started to drop average selling prices?
industry.bnet.com/tech.../
Will likely take NG prices of $6 - $7 to stimulate Rig activity hour growth: 10qdetective.blogspot....
Share price has doubled in past month -- despite troubling future at company.
10qdetective.blogspot....
foolish to think that Icahn can do much to expedite the development of diabetic and obesity compounds in Amlyn’s portfolio. He might, however, be more ‘persuasive’ in convincing Bradbury and the board to sell the company to its diabetic partner, Eli Lilly!
blogs.bnet.com/secdocu...
Yes, there is no significant debt maturating until October 2013, but the balance sheet is highly levered, with total debt approaching 85 percent of stockholder equity.
blogs.bnet.com/secdocu...
Yes, there is no significant debt maturating until October 2013, but the balance sheet is highly levered, with total debt approaching 85 percent of stockholder equity.
blogs.bnet.com/secdocu...
The majority of AMT's debt does come come due til at least 2012:
blogs.bnet.com/secdocu...
If Ford runs out of cash, who will foot the bill for billions owed to the new retiree health trust, including $6 billion in principal amounts of convertible notes? – American taxpayers!!!!!!!!!!
blogs.bnet.com/secdocu...
A big concern As illustrated by Foundation Coal, when the mining companies are shutting-in production--Can they hold production costs down in an environment where volumes are declining?
industry.bnet.com/ener.../
Your thoughts?
My Best,
David J Phillips – Editor, 10Q Detective
Contributing Energy Analyst
CBS/CNET
They will need to turn to U.S. residential markets if German customers are unable to secure adequate financing!
industry.bnet.com/ener.../
Your thoughts?
My Best,
David J Phillips – Editor, 10Q Detective
Contributing Energy Analyst
CBS/CNET
Still is a BIG assumption that KVM will be able to follow-thru on promised financing! I guess it's good to keep the faith -- great to see solar projects moving forward w. oil retracing 2007 lows!
Your thoughts?
industry.bnet.com/ener.../
My Best,
David J Phillips – Editor, 10Q Detective
Contributing Energy Analyst
CBS/CNET
You excluded one important risk consideration: In order to meet manufacturing targets for 2010 - 2013, however, Evergreen will need to improve operating efficiencies, expand capacity at the Devens facility, and build a planned new factory — which will require additional working capital.
industry.bnet.com/ener.../