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  • Why Linn Energy Died  [View article]
    When we bought LINE & LNCO, we knew that their high distributions and dividends were an indication that there was higher risk than with Duke, Walmart, AT&T, etc. Now anything related to energy takes a hit, when the oil price gets clobbered, and people start start talking mismanagement, Madoff, etc. If Ellis had had a crystal ball, he probably would have stayed away from Berry and made other strategic decisions differently. Other major, unforeseen world events could have spiked the price of oil, and he would have been a hero.
    Too bad he didn't see the future correctly, but there's little sense in being crybabies.
    Feb 12, 2016. 09:21 AM | 5 Likes Like |Link to Comment
  • Why Linn Energy Died  [View article]
    Yeah, decisions are really bad in those situations when things end badly. Sure wish I could go back on some of my past decisions based on what I know now. If oil had stayed high, the article would never have been written
    Feb 11, 2016. 10:03 PM | 1 Like Like |Link to Comment
  • Seadrill deepens cost cuts to ride out rig slump, CEO says  [View news story]
    Fracked wells also aren't long-lasting. SDRL is so cheap the downside of what I own is negligible.
    Feb 3, 2016. 10:22 AM | Likes Like |Link to Comment
  • How Low Can Oil Go?  [View article]
    Profitable, probably, but enough to support the programs that keep their people from being too restless?
    Jan 19, 2016. 09:07 AM | 2 Likes Like |Link to Comment
  • Why Seadrill Is A Buy At 52-Week Lows  [View article]
    Offshore wells have much longer periods of production and generally produce more cheaply than shale wells -- especially those fracked in the Bakken.
    Dec 11, 2015. 08:27 AM | Likes Like |Link to Comment
  • By Reader Request: Simulating 150 Basis Point Shock For Annaly Capital Management  [View article]
    I found this useful:
    Oct 6, 2015. 05:56 PM | 2 Likes Like |Link to Comment
  • Buy The Volkswagen Contagion?  [View article]
    Probably many (most?) of the 11m are in countries that aren't too concerned about the those tests.
    Sep 23, 2015. 08:49 PM | Likes Like |Link to Comment
  • Volkswagen Fire Sale?  [View article]
    The Audi 2000 problem (very possibly bogus) supposedly resulted in deaths, whereas the VW problem is quite different. However, the Chevrolet ignition switch problem and the resulting deaths seemed to hardly dented Chevrolet.

    From what I have seen on TV in the last day or two, very few diesels pass the emission tests in Europe -- a lot of cheating???
    Sep 23, 2015. 05:57 PM | 1 Like Like |Link to Comment
  • Buy The Volkswagen Contagion?  [View article]
    If you want to buy a lower priced stock that has been hit along w/ its parent, look at Porsche, POAHY.
    Sep 23, 2015. 05:35 PM | Likes Like |Link to Comment
  • Linn Energy - Buy When There's Blood In The Streets  [View article]
    When the price of crude drops and companies like Linn and SDRL suspend their distributions and dividends, you don't need the Einsteins here telling us that the share price will fall and stay low. After the supply/demand imbalance resolves itself and WTI and Brent climb, these companies will recover. It may take a year or two, but unless you know of an ironclad stock to put the money in, it may be wiser to hold on. Maybe even buy a bit at these levels.
    Aug 2, 2015. 09:00 AM | 1 Like Like |Link to Comment
  • American Capital Agency And The Declining Book Value  [View article]
    Considering all the factors that drive price of mREITS, any rough idea of what the trend will be when the Fed finally raises rates by a few basis points? Surely they all have all been planning for something like that.
    Jul 21, 2015. 11:19 AM | Likes Like |Link to Comment
  • Seadrill - A Solid Gamble On Oil Prices  [View article]
    Yes, they were horribly wrong, but so was almost everyone else.

    If someone said they were going to cross a bridge, but days later the bridge was about to get washed out, so they stopped, would you fault them? When the facts change, the tactics need to change.
    Jul 21, 2015. 08:47 AM | 1 Like Like |Link to Comment
  • Linn Energy - Buy When There's Blood In The Streets  [View article]
    You and me and my wife. Very few people guessed that energy would drop so quickly. Ridden it so far down since October, I don't know if it makes sense to take the loss. Things can happen in a hurry the other way, too, so...
    Jul 20, 2015. 05:32 PM | 5 Likes Like |Link to Comment
  • Wells Fargo makes big buy call on the mortgage REITs  [View news story]
    I wonder how many work off the books. That barber, beautician, gardener, lawn care guy, carpenter, painter, handyman -- do they report all their earnings?
    Jul 7, 2015. 06:00 PM | 6 Likes Like |Link to Comment
  • A Deep Look At Depomed's Billion-Dollar Bet On Nucynta  [View article]
    In April CNBC mentioned DEPO as an under-the-radar stock that was expected hit hit $38 by Piper Jaffray if I remember correctly. I think PJ was just beginning to cover the stock -- the 8th to cover.
    Jul 7, 2015. 09:59 AM | 2 Likes Like |Link to Comment