Giulio D. Iaconi - Seeking Alpha 'Giulio D. Iaconi' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/author/giulio-d-iaconi Herculean Effort at Hercules Offshore http://seekingalpha.com/article/145346-herculean-effort-at-hercules-offshore?source=feed 145346 Hercules Offshore (HERO) is a provider of shallow-water drilling and lift-boat services to the oil and natural gas exploration and production industry. The company is headquartered in Houston, Texas and employs roughly 3,100 employees.

]]> Thu, 25 Jun 2009 09:23:37 -0400 Giulio D. Iaconi Hercules Offshore (HERO) is a provider of shallow-water drilling and lift-boat services to the oil and natural gas exploration and production industry. The company is headquartered in Houston, Texas and employs roughly 3,100 employees.


Complete Story »]]> HERO Giulio D. Iaconi Transocean in Troubled Times - But Not for Long http://seekingalpha.com/article/143047-transocean-in-troubled-times-but-not-for-long?source=feed 143047 Transocean (RIG) is a provider of offshore contract drilling services for oil and gas wells across the world. Transocean's primary activity is to contract drilling rigs, related equipment and work crews to drill oil and gas wells. The company also specializes in other technical aspects such as offshore drilling with a particular focus on deepwater and harsh environment drilling services. Transocean principally uses three types of drilling rigs: drill ships, semi submersibles, and jackups. The company also operates drill rigs, tenders, a mobile offshore production unit and platform drilling rig.

So why Transocean? Well, to start, Transocean is a big player in the deepwater market, an offshore segment with big barriers to entry due to capital expenditure commitments needed, therefore providing excellent safety amongst oil-related securities. The major investment thesis is four-fold: there’s major downturn protection, excellent upturn exposure, a really good cash position, and a potentially compelling valuation.

]]> Sun, 14 Jun 2009 09:45:32 -0400 Giulio D. Iaconi Transocean (RIG) is a provider of offshore contract drilling services for oil and gas wells across the world. Transocean's primary activity is to contract drilling rigs, related equipment and work crews to drill oil and gas wells. The company also specializes in other technical aspects such as offshore drilling with a particular focus on deepwater and harsh environment drilling services. Transocean principally uses three types of drilling rigs: drill ships, semi submersibles, and jackups. The company also operates drill rigs, tenders, a mobile offshore production unit and platform drilling rig.

So why Transocean? Well, to start, Transocean is a big player in the deepwater market, an offshore segment with big barriers to entry due to capital expenditure commitments needed, therefore providing excellent safety amongst oil-related securities. The major investment thesis is four-fold: there’s major downturn protection, excellent upturn exposure, a really good cash position, and a potentially compelling valuation.


Complete Story »]]> RIG Giulio D. Iaconi Wheaton's Silver Lining http://seekingalpha.com/article/142857-wheaton-s-silver-lining?source=feed 142857 Let’s face it, we’ve heard way too many inflation and mega inflation and hyperinflation stories, and while many will have you believe holding precious metals is the only way to go, there are a variety of new and innovative companies out there offering perhaps an even better outlook for the hedging investor.

Enter Silver Wheaton (SLW). Silver Wheaton is the largest silver streaming company in the world. The Company has long term contracts to purchase all or a portion of the silver production from mines in Mexico, Sweden, Peru, Greece, Portugal, Canada and the United States, at a low fixed cost. Silver Wheaton’s unique and simple business model is designed to create long term shareholder value, providing significant leverage to increases in the silver price while mitigating the downside risks associated with traditional mining companies. Silver Wheaton is un-hedged and well positioned for further growth (taken directly from the company website).

]]> Fri, 12 Jun 2009 05:55:35 -0400 Giulio D. Iaconi Let’s face it, we’ve heard way too many inflation and mega inflation and hyperinflation stories, and while many will have you believe holding precious metals is the only way to go, there are a variety of new and innovative companies out there offering perhaps an even better outlook for the hedging investor.

Enter Silver Wheaton (SLW). Silver Wheaton is the largest silver streaming company in the world. The Company has long term contracts to purchase all or a portion of the silver production from mines in Mexico, Sweden, Peru, Greece, Portugal, Canada and the United States, at a low fixed cost. Silver Wheaton’s unique and simple business model is designed to create long term shareholder value, providing significant leverage to increases in the silver price while mitigating the downside risks associated with traditional mining companies. Silver Wheaton is un-hedged and well positioned for further growth (taken directly from the company website).


Complete Story »]]> SLW Giulio D. Iaconi Agrium's Bold CF Bid: Nothing Short of Genius http://seekingalpha.com/article/142859-agrium-s-bold-cf-bid-nothing-short-of-genius?source=feed 142859 Agrium (AGU) engages in the retailing of agricultural products and services. It also produces and markets agricultural nutrients and supplies fertilizers in North America. Agrium operates through three segments: Retail, Wholesale and Advanced Technologies. The products that are produced and marketed by the company are nitrogen, phosphate, controlled-release fertilizers, micronutrients and potash. The materials produced by Agrium find applications in household products, mining explosives, pulp and paper, fiberboard, and aluminum. The markets served by the company’s products are specialty, international, industrial and agriculture.

[[CF]] Acquisition

]]> Fri, 12 Jun 2009 05:49:56 -0400 Giulio D. Iaconi Agrium (AGU) engages in the retailing of agricultural products and services. It also produces and markets agricultural nutrients and supplies fertilizers in North America. Agrium operates through three segments: Retail, Wholesale and Advanced Technologies. The products that are produced and marketed by the company are nitrogen, phosphate, controlled-release fertilizers, micronutrients and potash. The materials produced by Agrium find applications in household products, mining explosives, pulp and paper, fiberboard, and aluminum. The markets served by the company’s products are specialty, international, industrial and agriculture.

[[CF]] Acquisition


Complete Story »]]> AGU CF POT TRA Giulio D. Iaconi Expect Fuel Systems Solutions to Rise Once Oil Increases http://seekingalpha.com/article/140436-expect-fuel-systems-solutions-to-rise-once-oil-increases?source=feed 140436 Call me skeptical, but Fuel Systems Solutions (FSYS) is a company I wanted to see fail. However, for the past 4 straight earnings reports, it's dominated estimates given to them, and in troubled times, a growth company like this is hard to find.

From Google:

]]> Sun, 31 May 2009 04:12:28 -0400 Giulio D. Iaconi Call me skeptical, but Fuel Systems Solutions (FSYS) is a company I wanted to see fail. However, for the past 4 straight earnings reports, it's dominated estimates given to them, and in troubled times, a growth company like this is hard to find.

From Google:


Complete Story »]]> FSYS Giulio D. Iaconi Coeur d'Alene Mines: Some Risk, But Big Reward Is Possible http://seekingalpha.com/article/140430-coeur-d-alene-mines-some-risk-but-big-reward-is-possible?source=feed 140430 Coeur d'Alene Mines (CDE) is a US-based mining company focused on silver. The company operates three silver mines (USA, Argentina, and Bolivia) and receives silver output from two lead-zinc mines in Australia. Attributable 2008 silver production was 12 million ounces (and minor gold). Coeur has two mines under construction in Mexico (silver-gold), and Alaska (gold). (Source: RBC Capital Markets.)

Coeur d’Alene’s production growth profile is driven mainly by the ramp up at San Bartolome, the start-up at Palmarejo (H1/09), and contributions from Kensington (late 2010). The Company has been actively carrying out debt-to-equity exchanges to de-leverage its balance sheet, which has been a major concern for investors. Although a large portion of the convertible debt remains to be addressed, Coeur is showing that it is being proactive. I believe that the Company will generate cash from operations in 2009 and our estimates remain conservative during the Palmarejo commissioning and start-up period.

]]> Sun, 31 May 2009 04:00:07 -0400 Giulio D. Iaconi Coeur d'Alene Mines (CDE) is a US-based mining company focused on silver. The company operates three silver mines (USA, Argentina, and Bolivia) and receives silver output from two lead-zinc mines in Australia. Attributable 2008 silver production was 12 million ounces (and minor gold). Coeur has two mines under construction in Mexico (silver-gold), and Alaska (gold). (Source: RBC Capital Markets.)

Coeur d’Alene’s production growth profile is driven mainly by the ramp up at San Bartolome, the start-up at Palmarejo (H1/09), and contributions from Kensington (late 2010). The Company has been actively carrying out debt-to-equity exchanges to de-leverage its balance sheet, which has been a major concern for investors. Although a large portion of the convertible debt remains to be addressed, Coeur is showing that it is being proactive. I believe that the Company will generate cash from operations in 2009 and our estimates remain conservative during the Palmarejo commissioning and start-up period.


Complete Story »]]> CDE Giulio D. Iaconi Anadarko: Helped by Oil's Rebound http://seekingalpha.com/article/140427-anadarko-helped-by-oil-s-rebound?source=feed 140427 Company Description:

Anadarko Petroleum (APC) is current one of the largest independent oil and gas exploration and production companies in the world. Headquartered in Houston, Texas, Anadarko's major areas of operation are located onshore in the United States, the deepwater of the Gulf of Mexico, and Algeria. Anadarko also has production in China and a development project in Brazil and is executing strategic exploration programs in several other countries. As of year-end 2008, the company had 2.3 billion barrels-equivalent of proved reserves. In August 2006, Anadarko acquired Kerr-McGee Corporation and Western Gas Resources, Inc. in separate transactions totaling $23.3 billion, including the assumption of debt.

]]> Sun, 31 May 2009 03:53:08 -0400 Giulio D. Iaconi Company Description:

Anadarko Petroleum (APC) is current one of the largest independent oil and gas exploration and production companies in the world. Headquartered in Houston, Texas, Anadarko's major areas of operation are located onshore in the United States, the deepwater of the Gulf of Mexico, and Algeria. Anadarko also has production in China and a development project in Brazil and is executing strategic exploration programs in several other countries. As of year-end 2008, the company had 2.3 billion barrels-equivalent of proved reserves. In August 2006, Anadarko acquired Kerr-McGee Corporation and Western Gas Resources, Inc. in separate transactions totaling $23.3 billion, including the assumption of debt.


Complete Story »]]> APC Giulio D. Iaconi Encana: Likely to Bounce Back http://seekingalpha.com/article/140419-encana-likely-to-bounce-back?source=feed 140419 EnCana (ECA) is a low cost operator, has a strong balance sheet, and has strong hedges in place for 2009 which puts it in a competitive advantage during this difficult business environment. The emerging resource plays at Haynesville and Horn River continue to show promise both in terms of improving production rates as completion techniques are perfected and in terms of cost structure.

I would place a 12-month target price of US$60.00, which is based on an estimate of net asset value using future strip pricing of $60.58. Investors need to be aware of the risks inherent in the oil and gas industry. These risks include: trading liquidity risks, geological, engineering, regulatory and environmental risks related to the exploration for and development of crude oil and natural gas resources, as well as the volatility in crude oil and natural gas prices that can materially affect financial performance and the accuracy of estimates for analysts and experienced investors.

]]> Sun, 31 May 2009 03:46:51 -0400 Giulio D. Iaconi EnCana (ECA) is a low cost operator, has a strong balance sheet, and has strong hedges in place for 2009 which puts it in a competitive advantage during this difficult business environment. The emerging resource plays at Haynesville and Horn River continue to show promise both in terms of improving production rates as completion techniques are perfected and in terms of cost structure.

I would place a 12-month target price of US$60.00, which is based on an estimate of net asset value using future strip pricing of $60.58. Investors need to be aware of the risks inherent in the oil and gas industry. These risks include: trading liquidity risks, geological, engineering, regulatory and environmental risks related to the exploration for and development of crude oil and natural gas resources, as well as the volatility in crude oil and natural gas prices that can materially affect financial performance and the accuracy of estimates for analysts and experienced investors.


Complete Story »]]> ECA Giulio D. Iaconi