Seeking Alpha
View as an RSS Feed

Albert Alfonso  

View Albert Alfonso's Comments BY TICKER:
Latest  |  Highest rated
  • General Electric: GE Capital Gets Even Smaller [View article]
    richjoy403,

    The big news I read in the investor day presentation was the TBTF status was limiting dividends from GE Capital. This was likely the reason why the dividend increase on GE came in lower than expected. What good is a cash cow if you cannot access that cash?
    Mar 18, 2015. 12:59 AM | Likes Like |Link to Comment
  • Baytex Energy: Buying Some Time [View article]
    Finding Value,

    BTE has recovered from this offering. I was surprised by the price action. Demand for the stock is stronger than expected.
    Mar 18, 2015. 12:54 AM | Likes Like |Link to Comment
  • Pengrowth Energy: 6 Takeaways From The Recent Quarter [View article]
    al harris,

    Oil is down despite bullish news. Refiners are buying up all the supply than can get as crack spreads are wide. Supply growth should stop in the US by year end.
    Mar 18, 2015. 12:53 AM | Likes Like |Link to Comment
  • Vanguard Natural Resources: A Few Highlights From The Q4 Results [View article]
    Looks like an ATM. VNR is unlikely to issue equity. May just be precautionary.
    Mar 18, 2015. 12:50 AM | Likes Like |Link to Comment
  • Penn West - Lenders Drive A Hard Bargain [View article]
    Not enough info on those names to make an informed opinion. I've been buying the safer names like COP in my IRA and keep PGH and BTE as specs. I have also been shifting to the midstream side with WMB.
    Mar 16, 2015. 02:53 AM | 1 Like Like |Link to Comment
  • Penn West - Lenders Drive A Hard Bargain [View article]
    saratogahawk,

    I really dislike the risk/reward ratio for this name. PGH and BTE are much safer bets.

    PWE bought some time with these moves. They were risking insolvency later this year if they did not compromise. NAV is in the ~$10 range if you value the reserves at ~$20 per BOE. They should sell more assets.
    Mar 14, 2015. 04:43 PM | 4 Likes Like |Link to Comment
  • Penn West - Lenders Drive A Hard Bargain [View article]
    lovetolearn,

    I am not short PWE or any other stock. I am a long only investor.
    Mar 14, 2015. 04:38 PM | 4 Likes Like |Link to Comment
  • Ellington Financial: The Turnaround Has Started [View article]
    ARR,

    We'll need to see the Q1 report to get a better handle on EFC's new ROE. My estimate came from annualizing the returns seen during the Q4 report and backing out the hedging losses to a more moderate level.
    Mar 12, 2015. 07:19 PM | Likes Like |Link to Comment
  • Ellington Financial: The Turnaround Has Started [View article]
    Alan,

    EFC's new dividend is covered by cash flows. They made some major changes in Q4 2014 which are now starting to generate returns. Reading the tea-leaves, EFC likely saw higher cash generation than implied by the $0.15 per share number in February.
    Mar 12, 2015. 07:15 PM | 1 Like Like |Link to Comment
  • Pengrowth Energy: 6 Takeaways From The Recent Quarter [View article]
    Jaweid,

    US production growth is projected to slow by May 2015. Q1 or Q2 2016 should see production declines if the capex budgets remain the same. Demand in the US is surging though. We may get WTI higher than Brent during the summer.

    I have been averaging down as well in PGH. Cost basis is now in the $4 range, from around $4.50 last year. I'm only reinvesting dividends and not adding fresh capital though. Too much energy exposure in my portfolio.
    Mar 12, 2015. 07:12 PM | Likes Like |Link to Comment
  • Altria: Now On Sale With A 4% Yield [View article]
    Sunshine123,

    The SAB miller stake is unlikely to be sold. The company would take a huge tax hit. They may be forced to do something if a merger in the alcohol beverage industry does happen.
    Mar 12, 2015. 11:47 AM | Likes Like |Link to Comment
  • Altria: Now On Sale With A 4% Yield [View article]
    CYR,

    You'll need to factor out the SABmiller stake when calculating the PE ratio. Doing that gives you a ~15x PE.

    As for its price in 2010 and 2011, that ship has long sailed. Do you really think MO will trade at a 6% yield again? Get ready to wait for a long time...
    Mar 12, 2015. 11:45 AM | 2 Likes Like |Link to Comment
  • Baytex Energy in $500M bought deal financing [View news story]
    BTE signaled that they would not be issuing equity during a recent conference call. This turned out to be untrue. Not a good sign.
    Mar 11, 2015. 06:08 PM | 1 Like Like |Link to Comment
  • American Realty Capital: A Risky Choice With Major Upside Potential [View article]
    StealsNotDeals,

    I bought back some March covered calls for an 80% gain as well. I am surprised by the decline. Trying to get some $10 April calls and no luck. Investors know March 31 is the big day...
    Mar 9, 2015. 08:22 PM | 1 Like Like |Link to Comment
  • Enbridge Energy Partners to launch 8M-unit offering [View news story]
    $EEP is strong enough to do this. They have turarounded their struggling stock and they appear to be a buy. For those looking for a tax free (in an IRA) version without the K-1 hassle, look to $EEQ.
    Mar 9, 2015. 08:20 PM | 1 Like Like |Link to Comment
COMMENTS STATS
2,020 Comments
2,648 Likes