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Charles A. Smith

 
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  • SolarCity: Cash That Check While You Can [View article]
    Ha! No conspiracy here. The fact is that the entire solar industry would not exist without $ billions in taxpayer subsidies, which happen to be about to expire, one of the reasons firms like SCTY are pushing so hard to get business done ahead of the phaseout. Also, their business model is at least partly built on NPVs estimated with price escalators/discount rates lower than those applied to the existing utility competition. If APS and others can make the case that their prices will not rise at rates anywhere near 4% annually, and then follow through on it, let them. It's called competition. The simple point that PaulTD was making is that there is much confusion on the part of potential retail leaseholders with regard to the real long term value of these leases. SCTY has made their case. There is another side to the story, even if it has to be told by the Koch brothers.
    Jan 24, 2015. 11:23 AM | Likes Like |Link to Comment
  • SolarCity: Cash That Check While You Can [View article]
    PaulTD, thanks for the most useful comment on the whole thread.
    Jan 24, 2015. 09:50 AM | Likes Like |Link to Comment
  • SolarCity: Cash That Check While You Can [View article]
    Here are 650 "scientists" who disagree:

    http://1.usa.gov/1zE9J33
    Jan 23, 2015. 04:18 PM | 1 Like Like |Link to Comment
  • Kinder Morgan Buys Harold Hamm's Hiland Partners - Should Continental Have Benefited? [View article]
    Josh, in either case (HND or CLR), if you think its a real "risk" (actually an opportunity), then buy more shares! What is so complicated here? As I said above, watch what management does and make your best judgement. If Goldberg or Blackstone are selling LQ at $19 or $20 today, but begin to buy at $8 or $10 a year from now after the business has crashed, take the hint and place your bets accordingly. The risk is ALWAYS in the price.
    Jan 23, 2015. 02:26 PM | Likes Like |Link to Comment
  • Kinder Morgan Buys Harold Hamm's Hiland Partners - Should Continental Have Benefited? [View article]
    Lots of great questions, including:

    "If Continental's situation deteriorated further, could Continental also be taken private for a similarly high return?"

    But there are a couple morals to this story. First, the conflicts in question were disclosed (and if they weren't, rational investors should have assumed they, and many others, existed). Second, always watch what the people in control DO rather than what they SAY. Hamm had the guts to put up $124 million in the throes of the 2009 crash (Do you remember how that felt?), and was rewarded handsomely for it. With Continental, divorce issues notwithstanding, he may do it again. Good for him! As an investor in public companies, I should have the smarts to be riding his coattails rather than on the other side of the deal.
    Jan 23, 2015. 01:28 PM | Likes Like |Link to Comment
  • Kinder Morgan Bringing Efficiency To The Bakken [View article]
    I would generally agree. There are risks for KMI (particularly given how levered it is already) that the new capital they're putting in lies "fallow" for a while, particularly if oil and gas prices fall further. Cheap storage for the producers with none of the upside.
    Jan 23, 2015. 12:22 PM | Likes Like |Link to Comment
  • Kinder Morgan: Earnings Replete With Boots, Spider Webs, Cats And Dogs And Silver Linings [View article]
    "...oil and natty gas in a worst case at 50 and 3.20 over the next 5 years is hard to swallow..."

    If the Saudis even hint at a change in strategy, oil will be at $60 in seconds.
    Jan 23, 2015. 09:27 AM | 1 Like Like |Link to Comment
  • Kinder Morgan: Earnings Replete With Boots, Spider Webs, Cats And Dogs And Silver Linings [View article]
    Either Harold Hamm has the absolute best lawyer in history, or this judge is an idiot:

    "But Hamm may have gained a better deal than anyone realizes: A judge in the divorce proceedings valued Hamm's 62% stake in Hiland at just $248M."

    http://seekingalpha.co...
    Jan 23, 2015. 07:59 AM | Likes Like |Link to Comment
  • SolarCity: Cash That Check While You Can [View article]
    "Of course you might simply be an anti-tech climate denying, evolution denying luddite who thinks that pervert commie programmers have stolen god from america and thus are not subject to any reasonable argument."

    What does "climate denying" (as you put it) have to do with any of these other characteristics? You write as if they are equivalent or related in some way. I'm quite certain there are technologically astute, capitalistic, sexually middle-of-the-road atheists out there who've read all the rational arguments for human-caused climate change, but still believe they're a bunch of bunk.
    Jan 21, 2015. 06:59 PM | 2 Likes Like |Link to Comment
  • SolarCity: Cash That Check While You Can [View article]
    "...on site renewable energy has become financially viable in a large number of cases."

    Not without massive subsidies (or, alternatively, taxes/penalties for competing carbon fuels) it isn't.
    Jan 21, 2015. 03:28 PM | 3 Likes Like |Link to Comment
  • Kite Pharma/Amgen: A Strong Combination [View article]
    "I may not hold the shares long enough for the technology to be fully realized, but I am simply an investor. I am not buying the company or its technology."

    Sounds like the definition of speculation to me, of which there's plenty in the biotech arena today...

    http://nyti.ms/1yDjwEU
    Jan 19, 2015. 10:16 AM | Likes Like |Link to Comment
  • Kinder Morgan: Is The Stock About To Take A Nosedive? [View article]
    HH = Henry Hub
    Jan 8, 2015. 04:32 PM | Likes Like |Link to Comment
  • Joy Global: A Snapshot Of Environmental Metrics Compared To Top Global Peers [View article]
    Made-up numbers layered on made-up numbers designed to placate Mike Bloomberg's liberal rich-guy conscience.
    Jan 1, 2015. 09:45 AM | 1 Like Like |Link to Comment
  • Fracking discounts seen cutting profits at oil service companies by $3B-plus [View news story]
    "How about lowering proppant prices?"

    Getting priced in...SLCA, EMES and HCLP down an average of 37% in the past two weeks.
    Dec 9, 2014. 10:00 PM | Likes Like |Link to Comment
  • Take Your Head Out Of The Sand: Elevated Downside Risk For High-Flying Proppant Producers [View article]
    "This scenario implies downside of 50 to 60 percent for Emerge Energy Services, 50 percent for Hi-Crush Partners and 40 percent for U.S. Silica."

    Great call. Now that EMES is down 41%, SLCA is down 37% and HCLP is down 33% from the day this was written, what say you now?
    Dec 8, 2014. 05:20 PM | Likes Like |Link to Comment
COMMENTS STATS
1,131 Comments
2,266 Likes