Seeking Alpha
View as an RSS Feed

Matthew Lewis  

View Matthew Lewis' Comments BY TICKER:
Latest  |  Highest rated
  • Kinder Morgan, Inc.: Come On, Admit It, This 6% Yielder Is A Steal At $32 [View article]
    Didn't you use the same title for a Linn Energy article when the stock was at $9?
    Sep 1, 2015. 05:43 PM | 21 Likes Like |Link to Comment
  • Political issues slow broad Chick-fil-A expansion [View news story]
    The public isn't capable of making this decision on their own?
    Aug 21, 2015. 12:13 PM | 4 Likes Like |Link to Comment
  • Political issues slow broad Chick-fil-A expansion [View news story]
    Do I live in America anymore? This is crazy.
    Aug 21, 2015. 11:47 AM | 11 Likes Like |Link to Comment
  • Cloud Peak Energy - Irrational Bear Pricing, Shares Worth $12-Plus [View article]
    They are partially self insured in Wyoming. $200 million worth of self insurance.
    Aug 18, 2015. 05:41 PM | Likes Like |Link to Comment
  • Diamond Offshore - Commentary On Q2 Results [View article]
    Would you prefer the strategy of buying rigs at the peak of the market and then having to ready stack them for years?
    Aug 14, 2015. 03:11 PM | Likes Like |Link to Comment
  • Diamond Offshore - Commentary On Q2 Results [View article]
    Lowes bought more DO shares on August 5th and 6th.
    Aug 14, 2015. 03:06 PM | Likes Like |Link to Comment
  • Cloud Peak Energy - Irrational Bear Pricing, Shares Worth $12-Plus [View article]
    They are trying to work their way down the cost curve on exports by vertically integrating. By owning half that export facility they basically can cut out the terminal cost of their exports making them more competitive.

    With that said, there's a good chance that facility never gets built, and even if it does it won't be until 2019-2020. The pro-environment crowd are bound and determined to have that facility blocked. Both sides poured a ton of money into a county council campaign a few years ago and the pro-environment folks won most of the seats. That county will eventually have to approve of the project.

    It's a good risk reward for CLD in my opinion. Westshore terminals (which is the current major coal export port) just north of this location in Canada has a capacity of 35 million export tons a year (vs. 54 million for this one) and makes $140 million CAD a year in earnings.
    Aug 14, 2015. 10:25 AM | Likes Like |Link to Comment
  • ONEOK Partners to sell 24.9M common units [View news story]
    Plenty of midstream MLP's have lower than investment grade ratings and get by fine. Borrowing costs would not go anywhere near 10%, which is the current cost of equity capital based on the distribution yield...
    Aug 13, 2015. 11:50 PM | 1 Like Like |Link to Comment
  • ONEOK Partners to sell 24.9M common units [View news story]
    Agree that as opposed to not doing the projects at all, this is the better alternative from a coverage ratio standpoint.

    However, I still don't understand why they would issue equity at these levels. As you stated in an earlier there are several other ways to raise capital that I believe most shareholders would have preferred. Why not issue all debt and just let the credit rating take a hit? You could then do an equity raise at better price to get back to investment grade.
    Aug 13, 2015. 10:12 AM | Likes Like |Link to Comment
  • ONEOK Partners to sell 24.9M common units [View news story]
    How exactly does issuing equity yielding 10% help the coverage ratio get above 1.00x?
    Aug 13, 2015. 08:47 AM | Likes Like |Link to Comment
  • Diamond Offshore - Commentary On Q2 Results [View article]
    Congrats on understanding this. In a cyclical industry you want to own a DO over a SDRL. DO will end up getting 6th gen rigs at a fraction of what these other clowns paid at the peak of the cycle.

    I expect asset purchases over buyouts of companies. Look at the purchases they did in 2009-2010 at the bottom of the cycle. I'd expect the same playbook here.
    Aug 11, 2015. 08:54 PM | Likes Like |Link to Comment
  • Crude futures rebound as refinery shuts, dollar loses ground [View news story]
    Everyone is running at full capacity, no?
    Aug 10, 2015. 05:25 PM | 5 Likes Like |Link to Comment
  • Crude futures rebound as refinery shuts, dollar loses ground [View news story]
    Yea...not sure I understand that either....
    Aug 10, 2015. 04:03 PM | 3 Likes Like |Link to Comment
  • Cloud Peak Energy - Irrational Bear Pricing, Shares Worth $12-Plus [View article]
    Ha. Which part?
    Jul 30, 2015. 02:18 PM | Likes Like |Link to Comment
  • Cloud Peak Energy - Irrational Bear Pricing, Shares Worth $12-Plus [View article]
    Also I'm starting to believe the bonds may be a better bet than the equity on a risk adjusted basis. I view the chance of default on bonds as very low and they trade at 18% yield to maturity.
    Jul 29, 2015. 07:11 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
493 Comments
653 Likes