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Mike Maher  

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  • WSJ's Jakab: 4T cf in nat gas storage ought to "terrify" energy investors [View news story]
    China announced a discount in the price the state charges local companies.
    Nov 23, 2015. 09:05 AM | Likes Like |Link to Comment
  • WSJ's Jakab: 4T cf in nat gas storage ought to "terrify" energy investors [View news story]
    Those are weekly injections into storage. Put another way, that is how much storage is increasing. SO this week the storage increased 15 Bcf. Storage in the US is over 4 trillion cubic feet, which is the highest it has ever been. Prices are going down because we have never ever had this much natural gas in storage, and the El Nino weather pattern means there is a possibility for a warm winter in the north east US, which would mean less natural gas was needed for home heating
    Nov 20, 2015. 04:19 PM | 3 Likes Like |Link to Comment
  • Visa and MasterCard sued over processing fantasy sports payments [View news story]
    So it took the NY AG and the Mass. AG until this week to realize FanDuel and DraftKings were gambling, why would the payment processors be held to a higher standard than they are? This is a bunch of lawyers trying to extort money from the companies, nothing more. The worst part is is that they'll probably settle and the scumbag lawyers will get paid a bunch, and the members of the class will get $3 or $4 back.
    Nov 20, 2015. 04:13 PM | 19 Likes Like |Link to Comment
  • American Capital becomes activist target; up 5% premarket [View news story]
    His presentation is a little light on details, but the fact the majority of the board has no actual investment experience and the fact the compensation ratios are so high is certainly interesting. I'd vote my shares with Elliot as well.
    Nov 16, 2015. 09:57 AM | 3 Likes Like |Link to Comment
  • Petroleum inventories rise as expected [View news story]
    Its investments that were made a few years out finally ramping up. Stone is increasing production in the GoM, as is Cheveron i think.
    Nov 4, 2015. 12:35 PM | 2 Likes Like |Link to Comment
  • Natural gas inventory builds lesser than expected [View news story]
    Its a new contract
    Oct 29, 2015. 11:39 AM | 1 Like Like |Link to Comment
  • U.S. Natural Gas Exports To Mexico - Hype Vs. History [View article]
    Take a look at the EIA data - exports to Mexico from the US have been averaging 30% higher YoY since basically April. I agree that averaging 7 Bcf/d all year may be a stretch by 2020, but in a few years with all the new combined cycle plants I bet in the summer a lot of those pipes will be close to capacity.

    Yesterday's natural gas weekly from the EIA actually discusses the very issue:
    Oct 23, 2015. 09:32 AM | 2 Likes Like |Link to Comment
  • Antero raises distribution 8% Q/Q, ups EBITDA guidance, inks LNG deal [View news story]
    AR didnt raise its quarterly distribution 8%, AM did. That whole 3rd bullet is related to AM, and the 4th bullet is redundant.
    Oct 13, 2015. 06:40 PM | 2 Likes Like |Link to Comment
  • Will Magnum Hunter Finally Make A Big Deal? [View article]
    Ive got no real insight on whats going on. Management has had months and months to make a deal, but nothing has happened. I dont know whats holding up the sale of the pipeline, I suspect a majority of their buyers dont want to own a minority interest, but I'm not sure.

    Gary needs to answer a lot of questions.
    Oct 11, 2015. 01:35 PM | Likes Like |Link to Comment
  • Citi sees 30%-plus drop in U.S. shale well average cost in 2015 [View news story]
    Did that guy wait for every E&P to say costs were down 30% plus before he changed that call? 2015 costs were down 25%+ in Q1.
    Sep 15, 2015. 12:28 PM | 2 Likes Like |Link to Comment
  • Williams downgraded at Wells Fargo as bidding process wraps up [View news story]
    ETE is down 21% since the day before the announcement, which would make their current offer around $50 a share for WMB (ETE split in July, so you have to double the offer of 0.9358 to take into account the split). A 10% rise in their offer gets WMB $55/share, which would be a 26% gain.

    Not sure at what price a deal gets done, and I do think there's a good chance WMB just says no since the board there wants to keep their jobs, but I fail to see how Wells is adding any value here telling investors to sell Williams shares at a price below where they were trading before the original takeover offer
    Sep 10, 2015. 02:23 PM | 1 Like Like |Link to Comment
  • Williams downgraded at Wells Fargo as bidding process wraps up [View news story]
    From the WSJ, Takeover Bid for Williams Cos. Stings Merger Arbs:

    As you read this, remember that merger arb funds are often levered at 4-8x.

    "But on Sunday night, Williams Cos. announced it had received–and rejected–a $48 billion takeover offer from what turned out to be Energy Transfer Equity LP. The $64-per-share, all-stock bid is explicitly conditioned on Williams abandoning its purchase of Williams Partners.

    Williams Partners units, which arbitrageurs had bought, fell 8%, while Williams Co.’s shares, which those same investors had bet against to lock in their profits, rose 26%. Arbs who were looking at a profit of about 76 cents a share as of Friday’s close are now sitting on a loss of $18.75 per share. Several investors on Monday said the stock was widely held, and even small positions turned painful."
    Sep 10, 2015. 02:14 PM | 1 Like Like |Link to Comment
  • Williams downgraded at Wells Fargo as bidding process wraps up [View news story]
    Just because they didn't announce a deal in the 2 weeks since bids were due doesn't mean they didn't receive any bids. We know for a fact ETE bid once for Williams, and we know the price. There have also been numerous media reports saying KMI and SE were bidding as well.
    Sep 10, 2015. 02:00 PM | 2 Likes Like |Link to Comment
  • Williams downgraded at Wells Fargo as bidding process wraps up [View news story]
    Seems silly to downgrade a company right after takeover bids were due. The current share price would mean a takeout at ETE's previous offer would mean a 50% gain. I wonder if Wells knows something here.
    Sep 10, 2015. 01:02 PM | 2 Likes Like |Link to Comment
  • Phillips 66, Spectra Energy to pump another $1.5B into DCP Midstream [View news story]
    I dont see a mention of Williams in there.
    Sep 9, 2015. 07:37 AM | Likes Like |Link to Comment