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Mike Maher  

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  • Chesapeake Energy downgraded at Alembic on "onerous" contracts [View news story]
    Since when is Alembic Global Advisers a firm anyone listens to?
    Jun 3, 2015. 04:06 PM | 21 Likes Like |Link to Comment
  • Southern Co. CEO Fanning touts clean energy innovation [View news story]
    That clean coal comment should be modified to point out that Kemper is 3x over budget and has been delayed by several years. The technology may have applications in China, but they have to prove it actually works.
    May 28, 2015. 02:06 PM | 4 Likes Like |Link to Comment
  • Vanguard Natural Resources has $614M deal to buy Eagle Rock Energy [View news story]
    Its a unit for unit deal, so not sure they need to do a secondary, since its not a cash deal.
    May 21, 2015. 08:27 PM | 2 Likes Like |Link to Comment
  • Linn Energy: The Current Yield Hypnosis [View article]
    A whole lot of comments here, but no discussion of how they are covering the payout this year....the coverage ratio is a key thing to look at...

    Also swapping debt for equity is not something a company in good shape does. Its a concern...

    That said, I expect natural gas prices to rebound, so that should help Linn.


    No position.
    May 21, 2015. 01:00 AM | 1 Like Like |Link to Comment
  • CONSOL Energy - Time To Buy The Drop [View article]
    The government has approved 60 billion cubic meters in export facilities, but they are under construction, not exporting. Actual US exports in 2014 were 1,508.9 BCF according to the EIA, which is all through pipeline, although there is one small LNG export facility in Alaska.

    http://1.usa.gov/1Pott2I
    May 15, 2015. 03:55 PM | 2 Likes Like |Link to Comment
  • FireEye up 4.1% on vague Cisco M&A rumor (updated) [View news story]
    Any link to where the rumor is from?
    May 13, 2015. 11:11 AM | Likes Like |Link to Comment
  • Chanticleer: This $2 Stock Would Be Cheap At $6 [View article]
    Good article on an interesting name. My only concerns are the "better burger" chain is only 8 locations, and that April 27th they filed a shelf registration to sell equity - and with today's pop from this piece, raising equity looks even better for them. Its an interesting name, but I'm not chasing it here.
    May 12, 2015. 01:56 PM | 3 Likes Like |Link to Comment
  • Bloomberg: FHFA set to ease apartment loan limits for GSEs [View news story]
    $30 bil not $30 mil
    May 6, 2015. 02:10 PM | Likes Like |Link to Comment
  • Enterprise Products: Falling Revenues, Below Average Yield, But Still Attractive [View article]
    It depends on how your brokerage account works. TDAmeritrade gives you the discount, last I check optionsXpress did not. Its a nice feature, and it raises the yield in a way that most don't realize.

    A huge thing on EPD that I think is lost in just looking at the yield is that they currently are covering the distribution 1.4x, vs most peers under 1.1x. What that means is that EPD has a ton of room to increase distributions, if they are so inclined. While management has chosen the slow and steady pace to date, the high % of money they've kept has limited dilution and let them invest greatly in the business. If it gets back close to a 5% yield I think you have to buy.
    May 5, 2015. 10:44 PM | 3 Likes Like |Link to Comment
  • Analyst pokes holes in Einhorn's critique of Pioneer Natural, frackers [View news story]
    WLL also tried to find a buyer years ago, couldnt, and bought KOG at the top. Comparing a Bakken producer and a Permian producer isnt apples to apples either due to the differences in realized prices in the different basins.
    May 5, 2015. 10:19 PM | 2 Likes Like |Link to Comment
  • Reuters: Hedge fund urges Atlantic Power to return cash to shareholders [View news story]
    Doesn't AT have a poison pill in place? Makes it a lot easier for the BoD to ignore the activist.
    Apr 29, 2015. 04:55 PM | Likes Like |Link to Comment
  • New Jersey eyes key sports betting court ruling [View news story]
    The federal law in the 1990s that banned sports betting grandfathered in the states that already allowed it. Its probably worth having the conversation in the Supreme Court as to whether or not its constitutional to allow certain actions in certain states but not others, but I dont know if many of the states are fighting it.
    Apr 20, 2015. 02:50 PM | 1 Like Like |Link to Comment
  • China installs 5GW of solar capacity in Q1 [View news story]
    The first bullet point isnt correct:

    "China connected 5.04GW of solar capacity (nearly equal to France's electricity needs) in Q1, the National Energy Administration reports."

    The 5 GW is equal to France's solar output. From the article:

    "China’s solar installations in the first quarter were almost equal to France’s entire supply of power from the sun."
    Apr 20, 2015. 12:51 PM | 2 Likes Like |Link to Comment
  • Magnum Hunter: Caught In A Viscous Cycle [View article]
    Its mostly the Rice PA acreage that concerns me, although there have been some promising indications of the Utica moving that way. Takeaway is an issue, like it is everywhere else. That dry gas window is going to be fantastic if the operators a) get proper take away capacity out of the region and b) can push well costs down a few million $, since the sheer volumes of gas from the dry Utica are remarkable.
    Apr 17, 2015. 09:37 AM | Likes Like |Link to Comment
  • Magnum Hunter: Caught In A Viscous Cycle [View article]
    Best capitalized, best hedges, and they've been very pro-active on gaining exposure to exports for both dry gas and some of the liquids. They're the largest player in the region, so I like them the best. EQT had a lot of southern Appalachia acreage I don't really care for, and I'm not sure I like where Rice is as much as AR.
    Apr 16, 2015. 06:07 PM | Likes Like |Link to Comment
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