Seeking Alpha


Send Message
View as an RSS Feed
View jambro's Comments BY TICKER:
Latest  |  Highest rated
  • Kinder Morgan: One's Bark Is Always Worse Than One's Bite [View article]
    I agree with your comments about jobs and would like to add to that thought.
    Critics of the jobs estimates say that once the Keystone is completed the number of jobs needed to maintain it would be a mere fraction of the construction job totals. So its benefit would be temporary. That much is true of any construction project. What no one has mentioned is the large contribution to the economy that would be ongoing in the form of commerce and workers needed every day in the refineries, transport and storage facilities at the end of the pipeline. Refineries on the receiving end are prepared for heavy oil and can sell the refined products into the world market. I have never seen an estimate of the 5 or 10 year economic impact in Southeast Texas when debating the Keystone - a rather large stone unturned. It would be a shame to let this opportunity pass. The Canadians will benefit in the same way we would when KMP gets the TM finished. Maybe there will be enough output for both but I think the Keystone has no chance while Obama sits on the throne. I am long KMI and TRP - Both good holdings in any case.
    Jun 10 03:06 PM | 1 Like Like |Link to Comment
  • Have The Short Sellers Taken Down Linn Energy? [View article]
    chyten - I like your thinking. Owning BRY, you have good odds of profiting no matter which way this turns out.
    Jul 2 12:50 PM | 1 Like Like |Link to Comment
  • Linn Energy (LINE) -9.9% premarket after saying the SEC has opened an informal inquiry into its financial disclosures and its pending merger with Berry Petroleum, its use of non-GAAP financial measures relayed to investors and its hedging strategy. The SEC action comes amid scrutiny from financial media and research firms into the driller's financial health. LNCO -12.3%, BRY -6.8%[View news story]
    I'll take a wait-and-see attitude about this. I am not adding or selling on this news. I still trust Linn's management. This fits a little too neatly into the plans of the short raiders. We have lots to thank the SEC for........
    Jul 2 08:13 AM | 3 Likes Like |Link to Comment
  • Linn Energy (LINE -3.4%) and LinnCo (LNCO -4.3%) trade lower following a weekend Barron's article discussing that LINE's distributable cash flow may be overstated and concerns over the pending merger with Berry Petroleum (BRY -2.4%). Barron's long-held view is that LINE's accounting is aggressive because the company wants to recognize the financial benefits of the puts but not the costs. (earlier[View news story]
    I think this is a nefarious attempt by Barron's in collusion with Bronte Capital and possibly others who are attacking Linn to profit from their short positions. Linn's accounting does not hide anything. The puts in question were paid for with secondary offerings and borrowing. Their cost does not need to be subtracted from DCF because DCF already reflects deductions for interest payments and dilution. My thanks to Elliott Gue of "Energy and Income Advisor" for helping me gain these insights and put my mind at ease.

    These raiders hope to push the share prices low enough with a barrage of negativity to derail the Berry Petroleum deal which would push LINE down further. LINE is a great company now on sale for anyone paying attention. Don't let the attempts at market manipulation by Barron's, Bronte and their ilk win this battle.
    Jun 17 12:54 PM | 27 Likes Like |Link to Comment
  • Dodge Taxes And Earn An 8% Yield [View article]
    I agree with all the good things you say about LINE but please don't call it a "Tax Dodge". MLP's are not a tax dodge but a means to defer taxes for a time. Once those juicy distributions reduce your cost basis to zero, you will pay regular income taxes on them. I fear Obama and his minions want to raise revenues any way possible and he has already mentioned pass through entities for targeting. So please, let us enjoy the advantages of the MLP structure without attracting too much attention.
    Jan 3 05:25 PM | 1 Like Like |Link to Comment
  • Chesapeake Response To CEO Loan Scandal Is Lacking [View article]
    I would like to see McClendon provide a live, public explanation with followup questions provided by an insightful, probing interviewer such as former supporter Jim Cramer.
    Apr 19 12:04 PM | 1 Like Like |Link to Comment
  • Gasfrac Energy: Fractured Dreams And The U.S. Potential [View article]
    Thank you for this nice review of an exciting technology. I think Gasfrac has a bright future in the States. My main worry is the safety of the process. Even though propane trucks drive our highways and backroads every day, if one of Gasfrac's propane trucks has an incident, there is an army of anti-any-kind-of-fracking militants ready to attack.
    Apr 17 07:27 AM | 4 Likes Like |Link to Comment
  • GE's 2012 Proxy: Pleasing Performance? [View article]
    This was a thoughtful analysis. I don't agree with all your conclusions but I respect your attention to the details of the proxy.
    Apr 11 08:38 AM | 1 Like Like |Link to Comment