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  • Valuing Modine Manufacturing's Turnaround [View article]
    'Modine's research and development return has been atrocious.......... '

    No where do I see any mention of the contribution MOD has made to Tesla's emergence as the premier new kid on the automobile block, with it's heat exchange battery cooler, used on the model S. Was the author even aware of this product, and the way it is used? If so, he sure didn't mention it. Perhaps the conclusion doesn't match the facts, it sure seems so to me.
    Aug 16 08:47 PM | Likes Like |Link to Comment
  • Manitowoc Company: Investment Or Trade? [View article]
    MTW has done well when the market has gone up, and poorly when the market has gone down. Why is this not just a rising tide raises all boats? And vice versa? What is it about MTW that allow will it to do well in a falling market, should that happen?
    Aug 5 08:58 AM | 1 Like Like |Link to Comment
  • Executive turnover continues at Layne Christensen [View news story]
    Wish I knew someone employed at Layne, that might have some information on what actually is going on within the company. This used to be one of my favorite holdings, but no longer. They obviously have some serious problems, and must show me something significant in the way of progress before I can buy the stock again.
    Jul 22 08:49 AM | Likes Like |Link to Comment
  • What To Expect From eBay On Wednesday [View article]
    No mention anywhere of the Google search Panda 4.0 update, that has hurt Google search results, with independent tech boards saying various declines of 50-80% are not uncommon. Just Google Panda 4.0 and eBay, and read the tech board articles. Don't have to listen to me. We have sold on ebay for many years, and it has always had it's ups and downs, but for sure, sales are sure down right now, and the Panda 4.0 update from Google is the likely cause, IMHO.
    Jul 16 09:48 AM | 2 Likes Like |Link to Comment
  • Can You Look Beyond eBay's Near-Term Challenges? [View article]
    As a long time eBay investor and seller, I can add that the company has always had great 'Long Term Growth Potential', to use the authors terminology. But, Long Term Growth Potential does not pay the bills, and in the end it comes down to what have you done for me it always does. Today's earnings report will be interesting to dissect in terms of how much the Google search Panda 4.0 update, affected eps and revenue. And further, perhaps some real answer as to how the company plans to address that issue.
    Jul 16 09:40 AM | Likes Like |Link to Comment
  • Dividend Stocks With No Debt, High Yields And Under $15 [View article]
    CRick, in fact, has recommended owning PBT, SBR, and CRT, as part of group approach to owing MLP's for income, liking them all. I picked PBT for myself, because of the growth in production from the Permian Basin, but also own a smaller position in CRT. Further, The has just updated it's thoughts on PBT, and now also rates it a Buy. I think that it is time for all analysts to update their thinking on these MLP's, due to the growth in production from assets that historically has seen depletion over time, and negative growth.
    Jul 14 10:24 AM | Likes Like |Link to Comment
  • Divestment Will Unlock Greater Value For Devon [View article]
    RLP, If SA author's don't get some constructive criticism, then this site is going continue to go downhill until it becomes useless. It is almost there............
    Jul 13 08:34 AM | 2 Likes Like |Link to Comment
  • Divestment Will Unlock Greater Value For Devon [View article]
    Alpha S, while I agree with your assessment of DVN, there is nothing new you are adding to available news on the company. Just saying that the company PE is too low, in your opinion, gives no new information for investors. Doing a little research before writing an investment opinion would be good advice on your next such venture, IMHO. You could have at the very least, included other PE's for comparison, for instance, as some justification for your analysis. As it reads now, it is just pure opinion, with nothing to back it up. And those thoughts are kind compared to what you are likely to hear next, I am guessing. I am long DVN.
    Jul 13 08:08 AM | 2 Likes Like |Link to Comment
  • Penn Virginia: Expanding The Marl Position [View article]
    I know enough to know that original leases can include all of the underlying minerals, or it can include only certain mineral layers at certain depths. A legal clause called a Pugh clause can be included to the lease to include (or exclude?) certain defined minerals at certain depths. It would be helpful to me for some discussion on the Pugh Clause, and how it relates to existing, or new leases. I thank the author in advance for his efforts and contributions.
    Jul 13 07:59 AM | Likes Like |Link to Comment
  • Dividend Stocks With No Debt, High Yields And Under $15 [View article]
    FA, most of the names on the list are different from each other, and it appears the author may have been looking in varied locations for a variety of income producers........and I for one like that approach. Including an oil & gas trust doesn't seem unusual to me, in a multi stock approach, such as this. Regardless of the reason for your comments, you and Kurt Wulff see it differently, for sure, but that is fine. We all have choices to make. As for me, I will stick with Kurt.
    Jul 12 04:53 PM | Likes Like |Link to Comment
  • Dividend Stocks With No Debt, High Yields And Under $15 [View article]
    Perhaps some of you missed one point in Kurt Wulf's comments, that being that PBT is growing oil production, and the selling assets may in fact being used to increase drilling and production, not necessarily paying for dividends. While the Permian Basin is an old oil field, it is being re-developed using new fraccing techniques and technology. Given a choice of listening to Kurt Wulf, or an forensic accountant, I will listen to Mr. Wulf every time. Here is an abbreviated section of his bio (the complete bio is on the site):

    'For most of the 1990s, the McDep analyst was a pioneer in earning payment for his work through broker-dealers who provide third party independent research in exchange for “soft dollars”. McDep Associates Inc., predecessor of McDep LLC, had been formed for that purpose in 1988. During the late 1990s, Mr. Wulff analyzed Canadian oil and gas stocks for Smith Barney and also was the director of research for a consulting firm before returning to McDep.

    Kurt Wulff made his initial investment reputation as an oil analyst while at Donaldson, Lufkin & Jenrette where his recommendations from 1973 to 1986 gained a median 28% a year. During the takeover battles of the 1980s, he identified megadeals in advance for investors. He advised Gordon Getty, Carl Icahn and Boone Pickens. He testified before Congress on energy and takeover issues. As a DLJ analyst, Kurt Wulff was named to the All-America Research Team 25 times in oil, exploration and natural gas.

    In the 1960s, Kurt Wulff started his career as an engineer with Chevron in San Francisco. He later joined a Cambridge, Massachusetts consultant where he advised international corporations as well as the governments of Alaska, Algeria, and the U.S. Born in Wisconsin, he earned degrees of Bachelor of Science in Chemical Engineering from the University of Wisconsin and Master in Business Administration from Harvard University.

    Mr. Wulff wrote with Bill Bruns, How to Profit from the Coming Oil Crisis, a book published by Bertelsmann three years before Saddam Hussein’s invasion of Kuwait. Featured in Barron’s, Institutional Investor, Business Week and Oil and Gas Investor, he has been a guest on Bloomberg, Nightly Business Report, CNBC, CNN, and Wall Street Week with Louis Rukeyser. He is a past president of the National Association of Petroleum Investment Analysts. A Chartered Financial Analyst, Mr. Wulff belongs to the CFA Institute and the Boston Security Analysts Society.'
    Jul 12 12:25 PM | Likes Like |Link to Comment
  • Dividend Stocks With No Debt, High Yields And Under $15 [View article]
    Forensic A, Kurt Wulf, the long time oil and energy analyst who runs, and has advised many oil companies and investors including T. Boone Pickens, had this to say about PBT in March of this year. '............we like the units of Permian Basin Royalty Trust (PBT) for PBT’s oil volume uptrend and low stock price accompanying understated distributions. Updated in Form 10-K filed with the government on March 3, oil volumes are beginning to increase as the Permian Basin follows the lead of the Bakken and Eagle Ford in fraccing success. Both PBT’s Top Line Texas Royalty properties and Bottom Line Waddell Ranch properties are growing (see chart Volume on page 2). PBT’s oil in the more mature Central Basin Platform area may not grow as fast as that for some others in the more exciting Delaware Basin Wolfcamp area of the Permian Basin, but any growth is quite positive for royalty trusts, which are usually priced low in the stock market in anticipation of gradual volume decline. Carried by others on Top Line leases, PBT pays its share of drilling costs on Bottom Line leases. Because operator ConocoPhillips is in the midst of an active development program, PBT’s distributions are some $0.60 a unit lower than if no drilling were occurring. Looking through that, we estimate the present value of future cash flow to derive Net Present Value (NPV) of $18 a unit (see table Present Value on page 2). Yet, only developed reserves are used in our estimate as the trust’s independent engineer provides little information on likely future results of expanding activity (see table Reserves on page 3).' Kurt Wulf is the best oil analyst in the country, IMHO, and anyone interested in more of what he says can find his research at on a time delayed basis for free, or pay big bucks to buy it in real time.
    Jul 12 07:50 AM | 3 Likes Like |Link to Comment
  • Halcón Resources: Eagle Ford Production May Grow 35%+ Sequentially In The Second Quarter, Despite Slower Drilling [View article]
    Like Clayton, I also would welcome some infor on the TMS wells.
    Jul 8 03:12 PM | 1 Like Like |Link to Comment
  • Clayton Williams: Momentum Continues [View article]
    When I look at the players in the Permian, and compare PE's, one name seems to stand out, but is certainly under appreciated by oil analysts. That name is Approach Resources, AREX. AREX trades at 11 times earnings, while CWEI's and CXO's PE is in the 50-60 range. As a value investor, this sure catches my eye. I realize that the AREX holdings are considered to be not as productive, but AREX seems to have an experienced management, and has at times been recommended by some investment houses, just not as widely recommended as CWEI, CXO, and XEC. Could some oil analyst out there, one hopefully knowledgeable on AREX, care to comment on that stock? I for one would be interested in their thoughts.
    Jul 4 11:26 AM | 3 Likes Like |Link to Comment
  • U.S. Energy: Myths/Realities And The 2 Elephants In The Room [View article]
    I have some faith that the US will make the right decision on this debate, once the facts are in. Here are my facts, since you are so insist on using yours: overview to get things into perspective

    As one can see from the data, the earth has always been changing in respect to climate. Trying to attribute any one particular change to one cause, is a problem, due to the complexity of the inputs into all previous changes.
    Jun 16 11:47 AM | Likes Like |Link to Comment