Seeking Alpha

Mike Maher

View as an RSS Feed
View Mike Maher's Comments BY TICKER:
Latest  |  Highest rated
  • Marcellus Differentials: What To Expect From The Earnings Season? [View article]
    They trade reduced returns and massive government oversight in return for the ability to act as monopolies - and all of a sudden services like Netflix and Amazon are a threat to that. Competition breeds innovation and lower costs, those who don't compete grow weak and get undercut by new market entrants. The market will at some point start pushing the high cost producers out of business. The Marcellus and Utica are going to be driving the market for a long time, with COG as a potentially the lowest cost producer in the US.

    Oct 21, 2014. 09:33 AM | 1 Like Like |Link to Comment
  • Marcellus Differentials: What To Expect From The Earnings Season? [View article]
    You realize that the US government would never allow a cartel to form in Pennsylvania with the objective of controlling prices, right?
    Oct 21, 2014. 07:51 AM | 3 Likes Like |Link to Comment
  • CF Industries, Yara terminate merger talks [View news story]
    Lets see what happens - maybe MOS POT or AGU are interested in merging? I'm thinking MOS is most receptive to a deal in the fertilizer space.
    Oct 16, 2014. 07:59 PM | Likes Like |Link to Comment
  • Continental's Hamm says shale industry can weather crude price slump [View news story]
    Good point about the hold by production leases, thats what caused natural gas prices to fall so low.
    Oct 16, 2014. 07:55 PM | 2 Likes Like |Link to Comment
  • Reuters: Clinton Group to call on Atlantic Power to explore sale again [View news story]
    AT has a poison pill in place, thats why the shares are so low to begin with. Management has not been receptive to a sale of the company before, I see little reason they would be now. Also any of their PPA agreements that expire in the next 2 years will likely be renewed at much lower rates. Its not a good time to be selling electricity. No thanks.
    Oct 16, 2014. 07:54 PM | 1 Like Like |Link to Comment
  • American Capital Agency declares $0.22 dividend [View news story]
    Dividend increases are always welcome. Interesting to see what they say when earnings come out with all the interest rate volatility.
    Oct 16, 2014. 04:29 PM | 2 Likes Like |Link to Comment
  • Is The Growth At Antero Resources Too Fast? [View article]
    Nat gas exports via LNG start in 12 months, so the market clearing price of gas should move higher to a new range late next year and into 2016. At current prices AR is seeing IRRs of 50%-100% in its Utica drilling. I don't think the company is in as bad a situation as you imply, but I have no position. Wish I had seen it under $46 yesterday though.
    Oct 16, 2014. 04:18 PM | Likes Like |Link to Comment
  • Southwestern paid too much for Chesapeake assets, analysts say [View news story]
    Aubrey was paying $15k/acre for land in Ohio and WV a few months back for his new company. IF its a good price really depends on how much of the acreage is stacked Marcellus and Utica, and what the takeaway arrangements are. If CHK has takeaway and all that acreage is drillable, its worth a lot more than acreage out in the sticks that you won't have midstream pipe to til 2016.

    But really it goes to show you that MHR is in a sweet spot and is going to be able to sell to the highest bidder whenever Gary decides he'd rather be retired than running the company.
    Oct 16, 2014. 03:59 PM | 1 Like Like |Link to Comment
  • Oil & Gas Correction Scorecard: Have We Seen The 'Capitulation' Yet? [View article]
    The fact the natural gas focused E&P are all down as much as the oil names lets you know these are trading on sentiment, not fundamentals. That said its been a rough couple months, but its getting cold. A cold snap could spike nat gas up towards $4.50, which could bring the hot money back into the space.
    Oct 13, 2014. 06:50 PM | 7 Likes Like |Link to Comment
  • Bloomberg: Bakken producers poised to curb exploratory spending [View news story]
    Even with budget cuts, as efficency increases and well completions improve production might not fall as fast as this implies. Also most producers are hedged, so they can stand a little bit of pain.
    Oct 13, 2014. 06:26 PM | 2 Likes Like |Link to Comment
  • Vanguard Natural Resources: Valuation Targets Price At $20 [View article]
    Looking at the wrong metrics for this type of investment. How do you write and get published anything on VNR without mentioning cash available for distribution or distribution coverage?
    Oct 9, 2014. 04:17 PM | 15 Likes Like |Link to Comment
  • Magnum Hunter Resources Announces Definitive Agreement to Sell Certain Non-Core Assets Located in Divide County, North Dakota [View article]
    More cash coming in, company has $200 mil of liquidity. after this deal closes and the debt deal is reworked.
    Oct 9, 2014. 04:14 PM | Likes Like |Link to Comment
  • Report: McClendon weighing bid for Freeport McMoRan’s California assets [View news story]
    I'm pretty sure he's running the show at the new funds - they hire'd him to be a cowboy.
    Oct 9, 2014. 09:59 AM | Likes Like |Link to Comment
  • Report: McClendon weighing bid for Freeport McMoRan’s California assets [View news story]
    Damn Aubrey just keeps spending cash.
    Oct 9, 2014. 12:12 AM | Likes Like |Link to Comment
  • Sears Holdings responds to reports of distress [View news story]
    Lol the best way to let everyone know there's a problem is to put out a press release saying there is no problem.
    Oct 8, 2014. 01:23 PM | 4 Likes Like |Link to Comment