Delian: XRX issued the $1.1B in debt to pre-fund a maturity of the same amount coming due in May 2012.
Valueplay: The share count is up because of the huge ACS acquisition, funded partially with stock. From FY2004 to FY2009, the company reduced its share count at a decent clip. This year's ~$1B buyback is more aggressive.
Nuclear Power: Doubling Down on a Rebirth [View article]
Hey Dividend,
There was a little something called Fukushima in the interim. This has created more than a little uncertainty about the outlook for Shaw Group and everyone else in the nuclear industry. It appears the South Texas Project is dead. Several European countries are scaling back or outright canceling their nuclear newbuild programs. It seems China and others are undeterred. If you believe there is no future for nuclear, then SHAW is in a bad spot. I am not nearly that bearish, but I don't have a position in the stock (never have) and am not following it closely enough at this point to make any comment on the stock price.
2010 Oil Story: Drawing Down the Inventories [View article]
Update posted to the Economist story:
"The authors of the BP report have asked us to highlight that a large part of the difference between consumption and production, in the charts above, is accounted for by such things as biofuels, oil made from coal and other non-conventional sources, which are not included in their production figures."
Recent Commentary on Northern Oil & Gas: A Short Retort - All Smoke, No Gun [View article]
Hey guys. I left TMF in mid-Feb to take a consulting position w/ an investment firm based in Dallas. So I'm doing that on a full-time basis for the foreseeable future.
Chesapeake Inks Joint Venture With CNOOC; Samson Oil & Gas NAV Creeping Higher [View article]
I think the excitement is easy enough to understand -- it's called Niobrara, so it must be good. If investors are doing serious research into the prospectivity over there, that's fine, but I'm concerned that they are just treating all Niobrara acreage the same. That's obviously a mistake, as evidenced by every other resource play.
Chesapeake Inks Joint Venture With CNOOC; Samson Oil & Gas NAV Creeping Higher [View article]
DBLE's Niobrara acreage isn't in the DJ Basin or even the PRB, so I'm cautious on the prospectivity here. I am clearly in the minority, given the run in the stock lately.
Chesapeake's Moves Bolster Its Credibility [View article]
You've hit on something that's been nagging at me since I wrote this article. The point of the 25/25 plan was to pay down long-term debt, not the revolver. I may have more to say on that soon.
Ensco, Pride Merger: A Match Made in Heaven [View article]
Absolutely, Plan. Market reach. Reduced competition and increased pricing power with clients. Leverage with shipyards and other suppliers. Financial stability. Geographic diversity. Potentially increased utilization and other scale efficiencies. Attractiveness to NOC/IOC clients. I might be missing a few.
Samson Oil & Gas Stock's Gotten Ahead of Itself [View article]
Michael, I recommend using primary documents, like Samson's own regulatory filings, whenever possible. Yahoo Finance! doesn't always have current/accurate information.
Samson Oil & Gas Stock's Gotten Ahead of Itself [View article]
I didn't calculate the market cap in this article, so I'm not sure I understand the comment, Michael. With 83.2 million ADS outstanding (basic), the market cap is $220.5m at yesterday's closing price of $2.65. My estimate of intrinsic value is considerably less than the price.
And no, so long as I'm writing for the Fool, I'm not seeing a dime from Seeking Alpha.
Something Big Hits The Oil Markets - Starting Tomorrow [View article]
Renaissance Era Coming For Xerox [View article]
Valueplay: The share count is up because of the huge ACS acquisition, funded partially with stock. From FY2004 to FY2009, the company reduced its share count at a decent clip. This year's ~$1B buyback is more aggressive.
Nuclear Power: Doubling Down on a Rebirth [View article]
There was a little something called Fukushima in the interim. This has created more than a little uncertainty about the outlook for Shaw Group and everyone else in the nuclear industry. It appears the South Texas Project is dead. Several European countries are scaling back or outright canceling their nuclear newbuild programs. It seems China and others are undeterred. If you believe there is no future for nuclear, then SHAW is in a bad spot. I am not nearly that bearish, but I don't have a position in the stock (never have) and am not following it closely enough at this point to make any comment on the stock price.
Xerox Transforms Itself Into A Strong Buy [View article]
2010 Oil Story: Drawing Down the Inventories [View article]
"The authors of the BP report have asked us to highlight that a large part of the difference between consumption and production, in the charts above, is accounted for by such things as biofuels, oil made from coal and other non-conventional sources, which are not included in their production figures."
Recent Commentary on Northern Oil & Gas: A Short Retort - All Smoke, No Gun [View article]
Recent Commentary on Northern Oil & Gas: A Short Retort - All Smoke, No Gun [View article]
Chesapeake Inks Joint Venture With CNOOC; Samson Oil & Gas NAV Creeping Higher [View article]
Chesapeake Inks Joint Venture With CNOOC; Samson Oil & Gas NAV Creeping Higher [View article]
Chesapeake's Moves Bolster Its Credibility [View article]
Ensco, Pride Merger: A Match Made in Heaven [View article]
Offshore Oil and Gas: Will Brazil's Success Be Replicated by Namibia? [View article]
Samson Oil & Gas Stock's Gotten Ahead of Itself [View article]
I recommend using primary documents, like Samson's own regulatory filings, whenever possible. Yahoo Finance! doesn't always have current/accurate information.
Samson Oil & Gas Stock's Gotten Ahead of Itself [View article]
And no, so long as I'm writing for the Fool, I'm not seeing a dime from Seeking Alpha.
Why I Sold Out of China Media Express [View article]