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Nawar Alsaadi

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  • Equal Energy: Broken Management And A Broken Board [View article]
    By the way, in light of the Board & management’s childish stance of refusing to meet or negotiate with the shareholders regarding the 5 Point Plan, we are launching the Lollipops Campaign. We ask each shareholder to mail 7 lollipops to the 7 members of the board of directors at the following address:

    Equal Energy
    Attn: Board of Directors
    2700, 500 - 4th Avenue SW
    Calgary, Alberta, Canada
    T2P 2V6

    for more details visit:
    http://bit.ly/WK5GJw

    Regards,
    Nawar
    Jan 17 01:12 AM | Likes Like |Link to Comment
  • Equal Energy: Broken Management And A Broken Board [View article]
    John, I really doubt it, that would be total suicide, and considering that the dividend was just established in November and energy prices are still holding at the same levels, I don't see a reason to cut it.

    Regards,
    Nawar
    Jan 17 01:11 AM | Likes Like |Link to Comment
  • Equal Energy: Broken Management And A Broken Board [View article]
    Armaya,

    Our run off analysis in case of permanently low propane prices is a value of around $4.5; however we believe propane prices will move significantly higher in 2013/2014 as a result of the upcoming sizable expansion in propane exports, for more details on the numbers please visit: http://bit.ly/VINVya (5 Point Plan section and Fact Sheet section).

    Regards,
    Nawar
    Jan 15 06:41 PM | Likes Like |Link to Comment
  • Equal Energy: Broken Management And A Broken Board [View article]
    Thank you Roger, I appreciate the support for our efforts.

    Regards,
    Nawar
    Jan 15 04:47 PM | Likes Like |Link to Comment
  • Equal Energy: Broken Management And A Broken Board [View article]
    Thank you for your support Fundwise, indeed shareholders will have the final say and we intend to enforce our rights as permitted by the law, this situation will not be allowed to persist indefinitely.

    By the way, shareholders who are interested in participating in /organizing a dissident circular and who are supportive of our 5 Point Plan are welcome to contact me. I need to highlight that at this juncture we are not soliciting for votes, any contact will be for the purpose of exchanging views on the business of the company and for gauging the interest of fellow shareholders in officially joining and working on a dissident process.

    Regards,
    Nawar
    Nawaralsaadi@yahoo.com
    Jan 15 04:06 PM | Likes Like |Link to Comment
  • Equal Energy: Broken Management And A Broken Board [View article]
    Aurelien, we are looking into alternative ways to nominate, and are currently working with our legal counsel on such alternatives, however due to regulatory restrictions I can't expand further without the proper filing of a dissident proxy circular.

    Regards,
    Nawar
    Jan 15 03:41 PM | Likes Like |Link to Comment
  • Equal Energy: Broken Management And A Broken Board [View article]
    Roger,

    Sorry to lose you, certainly this battle will take sometime, we are confident that we will win and put this company back on the right track, however it will take sometime and I understand if some shareholders are not ready to wait through this process.

    Regards,
    Nawar
    Jan 15 02:27 PM | Likes Like |Link to Comment
  • Equal Energy: Broken Management And A Broken Board [View article]
    Thank you Howard. According to the Board nomination committee, shareholding is not a criteria they are interested in for serving in the Board. I kid you not, this was mentioned to me personally by the head of the nomination committee. Basically they seem only interested in technocrats or cronies that have nothing to do with the owners of this company, and we see where that got the company.

    Regards,
    Nawar
    Jan 15 10:38 AM | 2 Likes Like |Link to Comment
  • Equal Energy: Broken Management And A Broken Board [View article]
    I don't blame you John, thank you for your support over the last many months. Good luck to you.

    Regards,
    Nawar
    Jan 14 05:03 PM | 3 Likes Like |Link to Comment
  • Equal Energy: Still Undervalued With Several Near-Term Catalysts [View article]
    Lane,

    I will answer this one. They are both important:

    Equal NGL barrel is benchmarked against Conway Propane, however Equal NGLs include other components (35% Ethane, 35% Propane, 15% Butane and 15% Pentane), the price of Ethane has an impact on realizations, in the current low ethane and propane pricing environment Equal realizations increase (and are currently at 93%) since the weighting of the heavy NGLs (Butane and Pentane) is more pronounced, in periods of high ethane and propane prices realizations decrease.

    Adam is projecting an 81% realization in his model so he is projecting ethane prices to be low, while Propane, Butane and Pentane will revert back to their historical range thus pulling Equal realizations lower (even though the absolute price per barrel will be higher), overtime he is stating that once ethane reverts back to more normalized pricing this would be a further boost to Equal NGL barrel price.

    I expect ethane prices to rise somewhat as propane prices rebound, however I don't expect ethane prices to go back to their historical ranges before 2016 at the earliest when significant new cracking capacity comes into service.

    There is much more upside to Propane, Butane and Pentane because they can be exported; Equal NGL mix is quite favourable with only 35% ethane compared to 60%+ ethane for operators in the Marcellus for example and 42% to 45% industry average.

    Regards,
    Nawar
    Nov 23 03:00 PM | 2 Likes Like |Link to Comment
  • Equal Energy & The Theater Of The Absurd [View article]
    Thanks for your comment Aharon. Indeed, events are unfolding to the benefit of shareholders. I believe many investors remain unaware of the upcoming income stream from Equal Energy and the associated upside from having a yield stock in the current low rates environment; buying at those levels certainly makes tremendous sense.

    Regards,
    Nawar
    Nov 6 11:59 AM | 1 Like Like |Link to Comment
  • Equal Energy & The Theater Of The Absurd [View article]
    Thanks for the update Scul, I am expecting an excellent price for Equal's Lochend Cardium assets due to the interest of multiple buyers, and once that piece of the puzzle is done, Equal can move to the final phase of converting into an income entity. If the sale is expected this week as Alta is claiming, Equal trust/income conversion and subsequent upward valuation adjustment should be forthcoming very shortly.

    Regards,
    Nawar
    Oct 15 10:33 AM | 1 Like Like |Link to Comment
  • Equal Energy & The Theater Of The Absurd [View article]
    herepog, yes launching a buyback as soon as possible is a sensible policy, the company assets are trading at a major discount to their net asset value, such a buyback will be very beneficial for the shareholders. I do think however, they wont go ahead with a buyback until Canada is completely sold and a final decision is taken on the Central Oklahoma assets. By proceeding as such they retain optionality on their use of cash until a clear path is established.

    Regards,
    Nawar
    Oct 6 07:33 PM | Likes Like |Link to Comment
  • Equal Energy & The Theater Of The Absurd [View article]
    Thanks Global, certainly NGL & NG prices will play a key role in Equal ultimate valuation, I am optimistic about the outlook for NGLs specifically propane as I have written in August:

    http://seekingalpha.co...

    Regards,
    Nawar
    Oct 6 07:28 PM | Likes Like |Link to Comment
  • Equal Energy & The Theater Of The Absurd [View article]
    Dean,

    Here is my last update on Gasfrac:
    http://seekingalpha.co...

    I believe the technology continue to have merits, however the management team certainly has been a disappointment, and unlike Equal where investors are protected by the intrinsic value of the oil and gas reserves, a company like Gasfrac doesn't have this type protection.

    At this stage & after the shakeup, it is hard to make a call on that company, they could go both ways, either be acquired for a decent premium by a larger service provider, or they may recapitalize and significantly dilute existing shareholders.

    Since this is an Equal article, you are welcome to message me about Gasfrac, if you have other pressing questions.

    Regards,
    Nawar
    Oct 6 10:50 AM | Likes Like |Link to Comment
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