Seeking Alpha
View as an RSS Feed

Albert Alfonso  

View Albert Alfonso's Comments BY TICKER:
Latest  |  Highest rated
  • Textainer Group Holdings: Waiting For Higher Interest Rates [View article]
    Random Logic,

    Not really. TGH tends to sell-off pre-earnings and recovers thereafter. Not alot of new news out there, so flat eps growth has led to a multiple contraction.
    Apr 8, 2015. 05:16 AM | Likes Like |Link to Comment
  • Memorial Production Partners: Buy The Dip? [View article]
    Rawenergy,

    Don't forget that the short attacks (Barron's and Hedgeye) made it more expensive for the upstream MLPs to raise capital and called into question the buying of puts.
    Apr 8, 2015. 05:14 AM | Likes Like |Link to Comment
  • Memorial Production Partners: Buy The Dip? [View article]
    Griffin,

    QRE had better hedges.

    When I bought QRE, they had the second best hege book behind only MEMP. http://seekingalpha.co...

    Notices that all of BBEP's 2017 hedges are pretty much thanks to QRE. 2016 was also much better. BBEP was only really hedged "strong" in 2014/2015.

    I think if QRE had not merged they would look alot like VNR, down 50% compared to BBEP's 75% decline. I feel like unitholders loss value in the merger. Keep in mind that I suggested selling QRE after the announcment :)

    http://seekingalpha.co...
    Apr 8, 2015. 05:10 AM | Likes Like |Link to Comment
  • Memorial Production Partners: Buy The Dip? [View article]
    Pablo,

    QRE had much better hedges and was not really as leveraged. Also, QRE was generating DCF well above its distribution in 2014 while BBEP was not.
    Apr 7, 2015. 04:40 PM | 1 Like Like |Link to Comment
  • Memorial Production Partners: Buy The Dip? [View article]
    Pablomike,

    BBEP can say all they want. However, their actions tell a different story. They needed capital and fast. Its was painful, but at least BBEP should remain solvent until year end 2016.
    Apr 7, 2015. 04:38 PM | 1 Like Like |Link to Comment
  • Memorial Production Partners: Buy The Dip? [View article]
    Griffin Mungus,

    I think the difference between my numbers and yours has to do with LOE assumptions. Nevertheless, 0.95x to 0.97x. vs ~0.90x is not that far off.
    Apr 6, 2015. 01:47 PM | 3 Likes Like |Link to Comment
  • Linn Energy: The Distribution Could Be Heading Lower [View article]
    Casey,

    I actually think my article was fairly neutral. LINE has upside if oil recovers, but the current distribution is not safe at current prices. It is hard to stay in the middle with LINE, so much emotion on both sides.
    Apr 6, 2015. 01:42 PM | 5 Likes Like |Link to Comment
  • Linn Energy: The Distribution Could Be Heading Lower [View article]
    Caleb,

    Don't forget about NGLs which are basically completely unhedged for most E&Ps and are facing a major glut.
    Apr 6, 2015. 01:39 PM | 1 Like Like |Link to Comment
  • Linn Energy: The Distribution Could Be Heading Lower [View article]
    AustinTex,

    All the numbers in the article factor in hedges.
    Apr 6, 2015. 01:37 PM | 1 Like Like |Link to Comment
  • Linn Energy: The Distribution Could Be Heading Lower [View article]
    RLP,

    It seems readers focus on one point and don't bother to read the whole piece. The Berry revolver situation is a short-term challenge which I think the market is not pricing in.
    Apr 6, 2015. 01:35 PM | 1 Like Like |Link to Comment
  • Linn Energy: The Distribution Could Be Heading Lower [View article]
    chinkchink,

    Yup, BBEP is in its own class at the bottom of the ladder.
    Apr 6, 2015. 01:28 PM | 1 Like Like |Link to Comment
  • Linn Energy: The Distribution Could Be Heading Lower [View article]
    dundey,

    I think we'll see WTI at $60 by year-end 2015 and $70 by year-end 2016. Anything higher than that would need to be backed up by either geopolitical events for decreased supply/increased demand.
    Apr 6, 2015. 01:26 PM | 2 Likes Like |Link to Comment
  • Linn Energy: The Distribution Could Be Heading Lower [View article]
    KirbyJF1,

    LINE's guidance assumed a modest price recovery which has yet to happen. Today's pop in oil gets us closer to that price point.
    Apr 6, 2015. 01:21 PM | 3 Likes Like |Link to Comment
  • CVR Partners: 2015 Is Looking Bright For This Fertilizer Play With Up To 60% Upside [View article]
    Hi Jerry,

    Not alot of news is out for UAN. The market is likely waiting for the Q1 results to come out. Given that most of the inventory was sold in advance, I am expecting another strong quarter. The outlook for Q2 remains unchanged from when I wrote this. Keep an eye out for changes in UAN (the fertilizer) prices as that is the main driver for this stock.
    Apr 6, 2015. 01:14 PM | 1 Like Like |Link to Comment
  • Memorial Production Partners: Buy The Dip? [View article]
    bayousaint,

    If current strip pricing holds, MEMP's distribution is safe for 2016. 2017 is looking okay, but is subject to wide swings under different oil price scenarios.

    As for the market pricing in a cut, I do not think so. MEMP is not down nearly as much as others in its sector.
    Apr 6, 2015. 01:02 PM | 1 Like Like |Link to Comment
COMMENTS STATS
2,117 Comments
2,816 Likes