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rmdonovan

rmdonovan
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  • Energy investor Darren Schuringa has been quietly racking up stellar returns by investing in MLPs with growing payouts. On Linn Energy (LINE), questions around some accounting practices are "not material to the underlying business or the quality of their assets," and fundamentals "will overshadow the short-term noise about their hedging programs." Other favorites: ATLS, CVRR, SEMG, ACMP[View news story]
    Linn is a "keeper". Great dividend and should see future growth.
    May 28 03:58 PM | 5 Likes Like |Link to Comment
  • SandRidge Energy Permian Sale: Did Value Guidance Fail Market Test? [View article]
    Richard,

    Mark Anthony's response to your extensive article reminded me of Benjamin Disraels' famous quote: "There are three kinds of lies: lies, damned lies and statistics".

    It seems clear that SD has put forth many lies in the statistics they have put forth in SEC docs, Power Points and other writings. At this point, there are not many SD or PER holders who think SD's numbers represent REALITY which includes the best estimates SD could make which always seemed high and in management's favor.

    What many would like to know is the value of the PER Trust. Can you extract from your numbers (flawed or not) the estimated value of PER units??

    BTW, I understand that an analysis such as yours has to start with some assumptions in the numbers, but I do not believe the decline rate is as much as 0.16% per day. A practical life of a decent well is way beyond 600 or so days.

    RMD
    Dec 27 03:07 PM | 4 Likes Like |Link to Comment
  • Why I'm Bearish On Seagate Technology & Western Digital [View article]
    Sammy,

    #3 above: The "Cloud" has a growing and enormous needs for storage that will grow--much more than PCs. Tablets and PCs will soon be seeking storage for working programs and more back-up. Tablets will need more than the minimal flash storage available today if they will ever become real work devices---the "Cloud" ?

    Einhorn is a smart guy---he took some $$$ off-the-table which was the only solid move when you had holdings and profits like he had. I don't pretend to be as smart as Mr Einhorn however, I took a lot off- the-table and then bought STX options with some of my profits.

    I'll bet Chanos is short and has few days left to cover. His likely best option is to preach DOOM and hope the stock responds in his favor and go down, but it hasn't. Many analysts are still quite bullish on STX in spite of the "PC Factor". Right now, most can not see a logical reason to short other maybe some puts but that doesn't look very good either.
    May 28 02:35 PM | 3 Likes Like |Link to Comment
  • SandRidge Permian Trust - Shares Recovering After Differential Disaster Last Quarter [View article]
    Daniel: A really good article on PER. Clearly, you do your "homework".

    If oil goes to $125 and it probably will in 2 years or so and PER's price multiple went to 1.4 PER investors would be estatic---all hypothetical of course.
    May 6 05:31 PM | 2 Likes Like |Link to Comment
  • Reuters is out with a report describing how SandRidge Energy (SD -1.6%) gives CEO Tom Ward wide latitude to profit from personal oil and gas deals in ways that pose potential conflicts of interest with the company. There's little new ground - TPG-Axon has accused Ward of similar shenanigans - but the steady drumbeat of negative publicity grows reminiscent of the kind which forced Aubrey McClendon out at Chesapeake. [View news story]
    My BS detector operates on a scale of 0 to 10. Now the Detector is reading 11 for all the BS SD's CEO and BOD has heaped on us.

    RMD
    Feb 6 11:31 AM | 2 Likes Like |Link to Comment
  • Seagate Technology: This Buyout Bust Still Made Investors Rich [View article]
    Mr Hargrave has some very interesting numbers for the projected growth of STX markets---about 14% CAGR or better if they beat the others

    STX has been very good to me. Too bad they are not all like STX

    RMD
    Jan 25 06:13 PM | 2 Likes Like |Link to Comment
  • SandRidge Energy (SD) is striking back against TPG-Axon’s push to replace the company’s board and amend its bylaws, urging shareholders to reject the proposal and describing the hedge fund as an “opportunistic investor with short-term interests” whose slate of nominees is not familiar with SD’s operations or the oil and gas sector. TPG says it's just looking out for the shareholders[View news story]
    Look at the compensation for management and the BOD plus the special deals the BOD presumably approved---it's an unbelievable rip-off of the stock and unit holders. Tom Ward has used the entities as his personal "piggybank".

    BOD members paid nearly $400K per year for how much of their time and wisdom? They spend more time approving outrageous Tom Ward deals than anything. And, I'll bet voting against is not a good thing for BOD tenure
    Dec 29 11:19 AM | 2 Likes Like |Link to Comment
  • What Happened To The Economics Of Sandridge's Mississippian Wells? [View article]
    Mark Anthony,

    Very interesting numbers !!

    Thanks,

    RMD
    Dec 23 01:33 PM | 2 Likes Like |Link to Comment
  • What Happened To The Economics Of Sandridge's Mississippian Wells? [View article]
    Mark Anthony,

    Very interesting numbers !!

    RMD
    Dec 23 01:31 PM | 2 Likes Like |Link to Comment
  • What Happened To The Economics Of Sandridge's Mississippian Wells? [View article]
    Devon,

    Very interesting look at the "numbers".

    The BOD and management are clearly without direction, mis-guided and incompetent. However, Tom Ward and other insiders are making boat loads of money at the expense of the outside investors.

    It's time for more pressure to rid the company of the people who are not making money for the outside shareholders.

    An SEC Inquiry is an appropriate step at this point. Even a class action....

    The Trust unit holders are inevitably screwed as SD won't drill the promised additional wells because of their financial position and objectives.

    Every SD, PER, etc investor should be writing to the management and BOD plus publish your dis-satisfaction everywhere you can.

    I would be willing to assemble a database of SD, PER, etc. investors that by itself could pressure SD to take the appropriate actions. Are you investors willing to get involved enough to be part of a Stockholders Rights Group?

    Respond to rmdonovaninc@msn.com if you are interested in forming a Stockholders Rights Group. I'm long PER.
    Dec 21 05:25 PM | 2 Likes Like |Link to Comment
  • Understanding SandRidge Permian Trust [View article]
    Anthony,

    Very good analysis of PER. Certainly, my comments below are not any reflection on your analysis and article.

    PER unit holders should carefully follow the "moves" at SD.

    My concern (I'm long) is: Will SD drill the remaining wells? In other words, can SD be trusted to appropriatly represent the trust's unit holders? Trust in SD management performance (short and long term) remains to be seen however, so far, a lot of indicators suggest some serious governance issues at Sandridge.

    Let's not be fooled with "window dressing" by SD's BOD and management. Substatial governance issues need to be resolved now.

    RMD
    Dec 12 05:52 PM | 2 Likes Like |Link to Comment
  • The Rumored iPhablets Expected In 2014 Will Not Save Apple's Bacon [View article]
    1. It seems that so many people understand Apple's strategy however, the question is: Do they? The answer: a highly likely "NO"

    2. Counting just units for market share is rediculous---81% Android? That means of all the people I know 4 out 5 would have Android phones however, without question Apple dominates the higher end
    Nov 18 04:48 PM | 1 Like Like |Link to Comment
  • Beware The Linn Energy Spike [View article]
    Does the merger make sense over the longer-term ? Both management groups will be evaluating (likely know the exit point already) that question in relation to other potential optons.

    Based on a quick look, BRY seems a bit expensive looking at recent performance.

    Any other thoughts out there about "too expensive" for Linn?
    Nov 1 03:09 PM | 1 Like Like |Link to Comment
  • Energy investor Darren Schuringa has been quietly racking up stellar returns by investing in MLPs with growing payouts. On Linn Energy (LINE), questions around some accounting practices are "not material to the underlying business or the quality of their assets," and fundamentals "will overshadow the short-term noise about their hedging programs." Other favorites: ATLS, CVRR, SEMG, ACMP[View news story]
    When merger is complete and production problems are corrected Linn will be greater than ever
    May 29 10:14 AM | 1 Like Like |Link to Comment
  • Ares Capital: BDCs - The Good, The Bad And The Maybe? Part 7 [View article]
    BDC Buzz,

    Good article. Why does PSEC "get no respect"? Compared to ARCC and AINV------and lately, ACAS has been coming on strong with a rising stock price yet no dividend. It seems to be an oddity of the market

    RMD
    Feb 26 05:15 PM | 1 Like Like |Link to Comment
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