Seeking Alpha

NYCTEXASBANKER

NYCTEXASBANKER
Send Message
View as an RSS Feed
View NYCTEXASBANKER's Comments BY TICKER:
Latest  |  Highest rated
  • Exxon Mobil Corporation - Unconventional Tools Yield Inconvenient Truths [View article]
    AceSwat

    You HAVE lost money and will lose ALOT MORE comment makes me think you do more paper trades than real trades. Your comments makes me believe your not one for good records which is essential should you get a visit from the IRS.
    Aug 23, 2015. 10:21 AM | Likes Like |Link to Comment
  • The Linn Energy Drop Has Created A Buying Opportunity For Long-Term Investors [View article]
    Bryce in Tx

    Thanks for your kind words. I look at this as a minimum three year deal.
    Aug 20, 2015. 09:36 PM | Likes Like |Link to Comment
  • The Linn Energy Drop Has Created A Buying Opportunity For Long-Term Investors [View article]
    Bryce in tx

    I was looking at the 10 q for 6/30/15. I noticed their notes went down 181 while their credit facilities went up 210. Some times certain credit facilities are like credit cards, so if you pulled my credit report you would see about 6k on my credit cards what it doesn't tell you I pay off everything every month. Because of various recurring charges you might think I have credit card debit
    when it is actually zero. The way they do their accounting I don't like the
    584,505 listed as Other noncurrent liabilities.
    According to my calculations I could lose a little under 14 k in bankruptcy.
    and should the oil cycle bounce next year I can make over 50 k profit so it is within my risk tolerance.
    One of my rules are You never buy a stock unless you have the capacity to lose it all.

    At the moment you can buy lnco at 2.31 get next months div $ 10.42 and get $ 25 for the January $3 call
    that's a pretty good spec but again your have to realize you have a very large downsize risk.
    Aug 20, 2015. 05:07 PM | Likes Like |Link to Comment
  • The Linn Energy Drop Has Created A Buying Opportunity For Long-Term Investors [View article]
    lildimsum7

    I was commenting with fxdudeinmia who worked on an fx desk. I used the term he understood. You decided to make an additional comment which was caused by your lack of knowledge. There is Houston street in NYC and Houston , TX . The street's name is pronounced "HOUSE-t'n", unlike that of the city of Houston in Texas, which is pronounced "HEWS-t'n". This is because the street was named for William Houstoun, whereas the city was named for Sam Houston.
    I also told you on aug 6
    lildimsum7

    You never buy a stock unless you have the capacity to lose it all. You look at the risk/reward and make a decision. Many commentators here are just paper traders.

    I also said

    caperdory

    You may be right however if the oil cycle starts to turn before the end of 2016 the hedges will save them. This is a pure spec play.

    your comment
    Maybe you're just angry how terrible this investment is...

    shows your lack of knowledge of TRADING, I said it was a spec. not an investment.

    I also said it was in a roth so I can't take a tax loss but if as I said should the oil cycle change before the end of 2016 I will make a lot of TAX FREE
    profits.

    Again, You never buy a stock unless you have the capacity to lose it all.
    Aug 20, 2015. 11:45 AM | Likes Like |Link to Comment
  • The Linn Energy Drop Has Created A Buying Opportunity For Long-Term Investors [View article]
    Bryce in tx

    What I think is most people forget what in banking we call "cost of funds"
    What is the ongoing cost to maintain those assets. I do not know what there cost are but if they decide the will not have the opportunity to develop the asset then you get what you can for it. I also know they take third party gas through their Oklahoma facility so that earns them some free cash flow.
    Aug 20, 2015. 11:40 AM | Likes Like |Link to Comment
  • The Linn Energy Drop Has Created A Buying Opportunity For Long-Term Investors [View article]
    Bryce_in_tx

    I agree with you, that the stock might hit 2 before 4. The real question to me is if line/lnco does not go bankrupt what will the value be in 3-5 years.
    Aug 20, 2015. 08:55 AM | Likes Like |Link to Comment
  • The Linn Energy Drop Has Created A Buying Opportunity For Long-Term Investors [View article]
    lildimsum7

    you didn't read my comment of august 7 at 9:23am.

    its a financial term used on currency /hedge desks

    that it's used in a different way by gamblers WHO CARES!!!
    Aug 19, 2015. 07:26 PM | Likes Like |Link to Comment
  • The Linn Energy Drop Has Created A Buying Opportunity For Long-Term Investors [View article]
    RLP2451

    a CPA made a comment that when trading in a stock that issues a k1 it makes the year basically a wash sale, so I assume he meant that a loss is affected. I have traded stocks that issue k1's however never in an account where the k1 loss could be used.
    Aug 19, 2015. 04:41 PM | Likes Like |Link to Comment
  • The Linn Energy Drop Has Created A Buying Opportunity For Long-Term Investors [View article]
    rlp2451

    As long as you have a position during the year the k1 will be affected even if you bought in January closed the position in March new position in June closed in July bought today and hold into 2016.
    Aug 19, 2015. 03:10 PM | Likes Like |Link to Comment
  • Uncertainty In Bank Of America Should Lead Investors Elsewhere [View article]
    FUN FUN

    For intellectual honest you can't consider a person's first months on a job. In many jobs the probationary period can be up to 3 years.
    Yes the stock went down because of abuses you mentioned more than once by prior employees and management.
    I'm neither a perfervid fan nor a protector of management, I do however have first hand knowledge of running departments and division with in a large bank.
    Once Moynihan took control and started to upgrade procedures the analysts started to recommend the stock.
    Everyone can cherry pick dates and events. Just for the record if in 1928 A.
    Giannini had not convinced O. Minnette to help shore up his bank with a merger, BAC would never have existed.
    Aug 16, 2015. 01:23 AM | 1 Like Like |Link to Comment
  • Exxon fined following probe into California refinery explosion [View news story]
    rgperrin

    The California’s Division of Occupational Safety and Health has always been
    stating after the fact companies knew about and ignored hazardous conditions. The problem is historically, they inspected companies and did not cite specific problems and then when something happens because the inspectors "missed" something none of the "government workers" were fined or fired.

    Governor moonbeam continues to go down the same old path but is always surprised by the brick wall in front of him.
    Aug 15, 2015. 04:38 PM | Likes Like |Link to Comment
  • Uncertainty In Bank Of America Should Lead Investors Elsewhere [View article]
    fun fun

    Seems to forget the tumble of BAC in December 2011 and the subsequent TRIPLEING of the stock price. He is looking of a mere gain of $2.46 while many of us saw a bargin and are looking at a $10 to $12 gain.
    He says he is giving the perspective of one individual retail investor in financial equities.
    Aug 15, 2015. 04:31 PM | 2 Likes Like |Link to Comment
  • Uncertainty In Bank Of America Should Lead Investors Elsewhere [View article]
    DONAL695

    If Fed does not increase by 25 pts in September, $22 in not likely
    Aug 15, 2015. 01:57 PM | Likes Like |Link to Comment
  • Exxon Mobil Corporation - Unconventional Tools Yield Inconvenient Truths [View article]
    tecnica1

    BP is the old British petro and as such would need ok from the UK for such a move. I doubt if that could ever happen.
    Aug 14, 2015. 08:54 AM | 1 Like Like |Link to Comment
  • The Linn Energy Drop Has Created A Buying Opportunity For Long-Term Investors [View article]
    user 40906785

    You should look to the 5 previous oil cycles for guidance. Sure some companies went bankrupt but even more have gone from single digits to better than average gains.
    Aug 13, 2015. 04:28 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
3,043 Comments
2,252 Likes