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Albert Alfonso  

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  • Kinder Morgan: You Sell, I'll Buy [View article]
    Clayton,

    It seems futile arguing with the bears. This is literally a repeat of what happened last year with Hedgeye. At least the stock has held up better this time.
    Jun 16, 2015. 12:32 PM | 6 Likes Like |Link to Comment
  • Kinder Morgan: You Sell, I'll Buy [View article]
    pvonk,

    Your view is at the heart of the debate. Should KMI be valued based on DCF or EBITDA and EPS?
    Jun 16, 2015. 12:29 PM | Likes Like |Link to Comment
  • A Rough Month For American Capital Agency [View article]
    DHL,

    "And no one looked at BV of the big banks at the peak of the financial crisis...it was the stock prices that put them into difficulty. Even good assets can be sold for .10 on the dollar in dire conditions."

    Problem with that comparison is that mREIT holdings are agency MBS. In other words, high quality and government backed. These are highly liquid assets and are bought/sold by the billions daily. Outside of treasuries, these are some of the safest assets out there, with demand far exceeding supply.

    The companies which went belly up during the financial crisis often held black box type assets -- hard to value, hard to sell. Let us not even compare leverage back then to now. Lehman was 30x in 2008. Compare that to 6 or 7x for AGNC.
    Jun 16, 2015. 03:11 AM | 1 Like Like |Link to Comment
  • Has Prospect Capital Hit Rock Bottom? [View article]
    kingdad,

    If you think an author is pumping/bashing a stock for their gain, report it! There is a link at the bottom of all articles if you see blatant errors or misrepresentation of facts.
    Jun 12, 2015. 03:27 PM | 1 Like Like |Link to Comment
  • Has Prospect Capital Hit Rock Bottom? [View article]
    BigAl70,

    We'll need to see more details as to how these spin-offs will be handled. It appears we'll get to either buy into the new businesses or trade in some PSEC stock. They want to keep this NII/NAV neutral.
    Jun 12, 2015. 03:22 PM | Likes Like |Link to Comment
  • Has Prospect Capital Hit Rock Bottom? [View article]
    They actually said that the old dividend was not sustainable AND was forcing them to take on too much risk to generate the needed NII.
    Jun 12, 2015. 03:20 PM | 1 Like Like |Link to Comment
  • Kinder Morgan: New Threats Emerge For The Trans Mountain Pipeline Expansion [View article]
    No comment on that article. Author is selling based on no new information and questionable "reasons". Everything stated has been known since the merger or earlier.
    Jun 12, 2015. 09:29 AM | 1 Like Like |Link to Comment
  • A Rough Month For American Capital Agency [View article]
    Alphatag,

    I agree that the market is looking for 3-4% rates. The street seems to want to front run the Fed and not get caught by surprise. Yet, back in 2013, when everyone thought rates were bound to head higher, nothing happened. Same thing occurred in 2014.

    Also, earlier this year, everyone was calling for a June rate hike. Once the Q1 GDP shocker came in, that talk died down. Even then, some have claimed the GDP number should be discounted due to "seasonality"... Sometimes it seems you can never win ..
    Jun 12, 2015. 09:24 AM | Likes Like |Link to Comment
  • CVR Partners Has Plenty Of Room To Move Higher [View article]
    galicianova,

    No idea what is going on with this name. Fundamentals are rock solid, low debt, etc. Is the market really demanding a 12%+ yield to own?
    Jun 12, 2015. 08:08 AM | 3 Likes Like |Link to Comment
  • A Rough Month For American Capital Agency [View article]
    DHL,

    Regarding book value,

    You argue that it is a meaningless metric, then how are we supposed to measure performance? BV is not a made up number -- there are real assets behind it.

    I would argue that share price is the true meaningless number. Supply/Demand dictates the share price. Even Warren Buffett judges his performance by the performance of his book, not the share price.
    Jun 12, 2015. 07:57 AM | 1 Like Like |Link to Comment
  • A Rough Month For American Capital Agency [View article]
    Alphatag,

    How can rates in the US be 4% in 2016 if Europe is below 1%? There is NO inflation -- look at the price of oil and other commodities like iron, steel, coal, wheat, corn etc. If the Fed raises rates now, watch the US enter into a recession ASAP. Q1 2015 GDP was already near zero...
    Jun 12, 2015. 07:50 AM | 2 Likes Like |Link to Comment
  • A Rough Month For American Capital Agency [View article]
    NoMoreObaMao,

    No way that is true. ARR has not seen a positive ROE since 2013. AGNC made 20% plus is 2014 and has earned ~3% this year.
    Jun 12, 2015. 07:46 AM | 2 Likes Like |Link to Comment
  • Pengrowth Energy: The 10% Rally Is Just The Start [View article]
    PWE is facing some major debt issues. Higher risk, higher reward.
    Jun 10, 2015. 06:44 PM | 2 Likes Like |Link to Comment
  • Pengrowth Energy: The 10% Rally Is Just The Start [View article]
    saratogahawk,

    I own some BTE as well. They do not have much hedges, so the oil price decline really hit them on the nose. They also made a bad bet in getting into the Eagle Ford at the top.
    Jun 10, 2015. 06:43 PM | 1 Like Like |Link to Comment
  • Pengrowth Energy: The 10% Rally Is Just The Start [View article]
    atlasman,

    Yup, that is a big concern for me as well. Hedges are good through the end of 2016, so about 18 months. After that, they'll need oil at ~$80 per barrel (assuming a 30% discount to WTI) to maintain FFO at ~$1.00 per year. This assumes no more Lindbergh capex.

    If oil stays at $60 per barrel in 2017/2018, you'll likely see some shut-in production in the Light oil properties. But, if that happens, PGH would hardly be the only E&P suffering. Even the majors are pricing in some price recovery by then.
    Jun 10, 2015. 06:41 PM | 1 Like Like |Link to Comment
COMMENTS STATS
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