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Mike Maher

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  • Taking their time, Fannie and Freddie plunge on wind-down proposal [View news story]
    And the bottom drops out. Congress will never give up their golden gooses, so investors in the common shouldnt expect the cash Fannie and Freddie generate.
    Mar 11 03:20 PM | 1 Like Like |Link to Comment
  • 8 Shipping Companies Profiting From The LNG Boom [View article]
    There arent any completed export terminals in the lower 48 US, so no we arent starting to ship gas anytime soon.
    Mar 9 08:24 PM | Likes Like |Link to Comment
  • As legal woes mount, BofA raises estimate of possible litigation-related losses to $6.1B [View news story]
    It gives BAC the ability to count Berkshire's preferred shares towards Tier 1 capital. Higher tier 1 capital means a stronger balance sheet which should translate into higher dividends/buybacks and a higher share price. Berkshire got a ton on warrants when they made that investment, so they are highly levered to a continued rise in the price per share of BAC. Its a shrewd move by Buffet.
    Feb 25 07:10 PM | 6 Likes Like |Link to Comment
  • Update On Magnum Hunter Resources [View article]
    I was on the road so I missed the call. I'm not sure why the transcript is late going up both here and on their website, but I think Evans said something about the warrants right around noon, and the stock got crushed right after that, so that might be what it was. I'll keep an eye out for a transcript and let you know if I find one before it makes its way out on SA.
    Feb 25 11:52 AM | Likes Like |Link to Comment
  • Rich Kinder buys 200K KMI shares as "smart money" moves away from KMP [View news story]
    "And the reason why investors would gravitate toward KMI is it's price is lower than kmr but the divvy is also less. But you can buy more stock for the money vs. KMR."

    Saying that you'd rather buy KMI because its price per share is lower than KMP is irrational, since they dont represent the same economic interests.
    Feb 24 04:57 PM | 9 Likes Like |Link to Comment
  • Magnum Hunter +7.8% premarket on Utica gas discovery [View news story]
    The Bakken numbers look low, but I've only just gotten to a computer to start looking at the numbers. Also not sure why they moved the call up if they werent going to make a big announcement.
    Feb 24 03:08 PM | Likes Like |Link to Comment
  • Magnum Hunter +7.8% premarket on Utica gas discovery [View news story]
    I've been busy/waiting on a quarterly report from MHR. We'll have news in a few hours, should be interesting!
    Feb 23 10:54 PM | Likes Like |Link to Comment
  • Beware Buyers: 12 Reasons Why The Current Sky High Natural Gas Price Isn't Here To Stay [View article]
    Steve,

    UPL isnt a low cost producer in the Marcellus, and doesnt have the best acreage, so I disagree with you using the comments of their CEO to judge the whole industry. Cabot and Range are both saying their costs are under $2, MHR just said their costs in the Utica are under $3, and $AR has said that they'll drill their acreage in the Utica with gas at $0 since the wells have great IRRs just with the NGLs.

    Demand doesnt really ramp til late 2015 when export terminals begin to come online.
    Feb 23 02:00 AM | 3 Likes Like |Link to Comment
  • Beware Buyers: 12 Reasons Why The Current Sky High Natural Gas Price Isn't Here To Stay [View article]
    Or you could just look at the futures curve and realize that the front month March contract is trading $1.25 higher than April and that the futures market is pricing in gas in the $4.70 range for the year, right now. The spike over $5 is related to a spike in demand, there's still a ton of supply set to come online. The market is still underestimating what the Utica can do. Supply growth is going to be astronomical from Ohio/WV.
    Feb 21 04:20 PM | 5 Likes Like |Link to Comment
  • Enterprise Products Partners Set To Grow [View article]
    You are mistaken. BPL didnt increase the distribution from Feb 2012 to Feb 2013. KMR doesnt declare a distribution, they pay a share dividend based on the distribution KMP pays, and KMP paid the same rate in the two payments on 11/2011 and 2/12. The historical distributions can be looked up on each partnership's website.
    Feb 20 07:39 PM | 1 Like Like |Link to Comment
  • Blackstone still sharply undervauled [View news story]
    The div is variable now so websites like Yahoo wont ever have it right. And previously they paid the first 3 quarters as a set rate with a variable 4th q dividend, which was why Yahoo was never right with the yield before.
    Feb 20 04:43 PM | Likes Like |Link to Comment
  • Penn Virginia -5.1% AH as Q4 misses estimates [View news story]
    Huge reversal today. Long calls
    Feb 20 02:16 PM | Likes Like |Link to Comment
  • Vanguard Natural Resources: High, Safe Yield Poised For Major Growth And 120% Upside [View article]
    Shouldnt you use a discount rate that more accurately reflects VNR's WACC, rather than the S&P? Or use a rate that is more similar to oil and gas companies, or MLPs, than the S&P as a whole? The preferred units were issued at 7.875%, the regular units yield around 8% and VNR is at the market each month. The rate on the credit facility is LIBOR + 1.5-2.5%.
    Feb 17 10:06 PM | 1 Like Like |Link to Comment
  • Magnum Hunter +7.8% premarket on Utica gas discovery [View news story]
    I'm always hesitant to buy on days when a stock is up 5%. If you are looking to add or start a new position, I'd wait and see if it comes in a bit - I've been adding calls when it was dropping below $8 recently. The earnings release on Feb 28th is the next known catalyst, so there could be some wild moves either up or down into that date.

    Good luck!
    Feb 14 02:03 PM | 1 Like Like |Link to Comment
  • Update On Magnum Hunter Resources [View article]
    MHR crushing it today, Utica results look great!

    http://bit.ly/1fmcGG5
    Feb 14 09:03 AM | 1 Like Like |Link to Comment
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