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fmarone

fmarone
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  • Petrobras: Invisible In Plain Sight [View article]
    You might be pleasantly surprised by BofA's target price!
    Mar 19 01:55 PM | Likes Like |Link to Comment
  • Eike Batista's troubled OGX Petroleum (OGXPY.PK) says it won't meet production targets since it doesn't have the right technology to continue exploration efforts at three fields; as a result, it cancels contracts with sister company OSX Brasil for construction of five oil platforms, and will pay $449M to OSX because of the cancellations. [View news story]
    More bad news. I wonder if someone can make a proper assessment of their value. The fact is that they are a development company. There will be an impairment on these wells; but the intrinsic value of their holdings far exceed the MV.
    Jul 1 10:41 AM | Likes Like |Link to Comment
  • Petrobras (PBR) investors haven't been celebrating Brazil's biggest crude discovery, as shares have slipped 5.3% since estimates for the Libra field were doubled to as much as 12B barrels. A new find "isn’t going to move the needle... the big issue [for PBR] is cash flow generation," says an analyst. Also, PBR has little say in how much it will profit from Libra since terms will be determined by the winning bidder for a 70% stake to be auctioned in October. [View news story]
    Just sit back and hold your positions as this entity will be a safe haven as the geopolitical situation worsens in the middle east. Also fracking health issues will bring environmentalist into the fold to impact supply in the long run.
    Jun 6 11:07 AM | Likes Like |Link to Comment
  • S&P 500 futures (SPY) -1%, Nasdaq 100 (QQQ) -1% following the Nikkei's 7.3% crash overnight. In Europe, the Stoxx 50 (FEZ) -2.2%. Shanghai fell 1.2% as its PMI slipped into contraction territory for the first time in 7 months. Treasurys catch a bid, the 10-year yield off 5 bps to 1.99%, TLT +0.8% premarket. [View news story]
    Having gone through so many ups and downs, it's all part of the market doing what it suppose to do. For all you youngsters, I remember when the DOW at 500 we never could envision it reaching 1,000, so with your own the time horizon the benefits going forward is commensurate with your age and perseverance
    May 23 08:49 AM | Likes Like |Link to Comment
  • Shares in Brazil's OGX Petroleum (OGXPY.PK -13.2%) slump as much as 17%, bringing its one-year plunge to near 90%, after the company controlled by billionaire Eike Batista had its credit rating cut by S&P. Adding to the poor sentiment is a Thursday report that Brazilian President Dilma Rousseff had refused to aid Batista's companies, which include LLX Logistica, now constructing the multibillion-dollar Acu Port. [View news story]
    While it appears Battista personal worth keeps diminishing; let's not forget that OGXPY is a development company and to expect earnings and multiples now are ludicrous. Patience is a virtue and one has to expect that a serious partner will surely jump at the opportunity. I envision BG Pactual providing strategic advisement going forward
    Apr 6 02:47 PM | Likes Like |Link to Comment
  • Petrobras Currently Represents Value For Investors But Is Still High Risk [View article]
    Both the environmentalist and the return on invested capital will slow the expectation of a robust energy market here. If you research the cost of extraction on fracking and the utilization of shale as an enery source you might find that the ROI is very low.
    Mar 6 10:02 AM | Likes Like |Link to Comment
  • Petrobras Currently Represents Value For Investors But Is Still High Risk [View article]
    You cannot trade on a short term time horizon. This is a powerful energy company with a long term investment horizon. Just look at OXY when iit lingered for years in the low 20's. Stay the course.The Middle East is ready to explode.
    Mar 5 08:31 AM | 2 Likes Like |Link to Comment
  • A Long-Term Value Case For Wendy's, Part I [View article]
    I have been following wen for six months and am intrigued with their model. This affirms my interpretation that this will be a winner in years to come.
    Oct 16 10:30 AM | Likes Like |Link to Comment
  • Banco Santander (SAN) wastes no time taking advantage of the quick turn in European sentiment, offering €2.5B of 3.5 year paper, and hoping to price it at the same yield it sold 2-year notes for a month ago. Order books closed with €6B in bids from about 400 accounts. Shares +3.2% premarket. [View news story]
    Most people fail to recognize that SAN has a enviable position in countries in South America that are doing extremely well. This move confirms my confidence in their management.
    Sep 7 09:09 AM | 1 Like Like |Link to Comment
  • 3 Substantially Undervalued Mining Stocks To Buy Now [View article]
    I would assume he's forecasting a rise in the price of VALE's stock price. As the price goes up the yield goes down assuming the dividend to be paid is the same as the present dividend
    May 9 02:00 PM | Likes Like |Link to Comment
  • Chesapeake's (CHK -0.4%) largest shareholder urges the company to remain open to potential acquisition offers in the wake of Aubrey McClendon's troubles. Southeast Asset Management advises CHK not to use the current price-to-value gap "as an excuse to refuse discussions with any potential acquirers who would be willing to pay a price today that recognizes the longer term value of the company."  [View news story]
    SouthEast can make suggestions. The value has two meaningful components, namely asset value and future earnings. This could be interesting!
    May 7 03:07 PM | 1 Like Like |Link to Comment
  • Boeing (BA +0.9%) announces that the first 787 to fly partially-powered by biofuels took off from Everett, Washington on its way to Tokyo. Japan's ANA was the carrier for the notable flight that will emit an estimated 30% less CO2 than a run from a comparable airplane. [View news story]
    This follows other major carriers that are pursuing both natural gas and other bio fuels. I suspect that this will carry into the entire transportation industry as a cost effective mean to lower its dependence on refined products from oil.
    Apr 17 10:07 AM | 1 Like Like |Link to Comment
  • Ever helpful, Fitch opines on the Greek referendum, saying the decision "dramatically raises the stake for Greece and the eurozone as a whole ... A rejection of the EU-IMF program recently negotiated by the Greek government would increase the risk of a forced and disorderly sovereign default and ... potentially a Greek exit from the euro."  [View news story]
    With only 11 million people or half the size of greater New York, Greece must pull out of the EC and default letting markets take over
    Nov 1 10:48 AM | Likes Like |Link to Comment
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