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das555

das555
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  • Here Is Why I Reluctantly Added To My Investment In Linn Energy [View article]
    Again, I am surprised and disappointed that management has not commented on their expectations for operating the company in a low oil price environment. This silence can be interpreted as either a desire not to report bad news or lack of consideration for the share holders - neither of which is good. These are not ordinary times for the company and its equity which makes this silence deafening...
    Dec 10, 2014. 05:18 PM | 8 Likes Like |Link to Comment
  • Linn Energy: An Explanation Of The Effect Of Recent Transactions And Preliminary 2015 Guidance [View article]
    Too bad Linn does not see fit to provide some guidance (such as MEMP and VNR) in this volatile time outlining their views and expectations of managing the company holdings in a low oil price environment. If they did so in a positive way I believe some investors might not "sell first and ask questions later" as has apparently been the case, providing a bit more stability to the equity price.
    Dec 8, 2014. 05:07 PM | 3 Likes Like |Link to Comment
  • Memorial Production Partners A Stock Yielding 18% With Little Commodity Risk [View article]
    From conference call VP Finance Stillwell: "Based on preliminary CapEx assumptions for our 2015 strategic plan we believe we have the ability to maintain a coverage ratio of one times even in the event that crude oil drops to $70 per barrel and natural gas drops to $3 per MMbtu for the full year."

    And in Q&A, again VP Finance: "And just to restate that statement for the audience, the distribution sensitivity we did for 2015 based on very preliminary 2015 guidance assumption or CapEx assumptions, we sensitize oil and gas prices, oil down to $70 for the full year and gas prices are down to $3 for the full year, still maintain one time coverage on our 2015 plan as we sit here"
    Dec 3, 2014. 02:54 PM | 1 Like Like |Link to Comment
  • Memorial Production Partners A Stock Yielding 18% With Little Commodity Risk [View article]
    Apparently too hard to listen to conference calls..

    Shoot from the hip and you generally miss....
    Dec 3, 2014. 11:10 AM | 1 Like Like |Link to Comment
  • Memorial Production Partners A Stock Yielding 18% With Little Commodity Risk [View article]
    Best in the upstream space - if management performs.
    Dec 2, 2014. 09:56 AM | 1 Like Like |Link to Comment
  • Equity CEFs: The Long-Term Beneficiary Of The Nuveen Equity Option Restructurings [View article]
    Approved.

    http://bit.ly/1th7T02
    Nov 25, 2014. 03:15 PM | Likes Like |Link to Comment
  • Equity CEFs: The Long-Term Beneficiary Of The Nuveen Equity Option Restructurings [View article]
    No news?
    Nov 21, 2014. 06:15 PM | Likes Like |Link to Comment
  • Equity CEFs: The Long-Term Beneficiary Of The Nuveen Equity Option Restructurings [View article]
    At the time of conversion a JLA holder will receive QQQX shares according to the ratio of JLA NAV value to QQQX NAV value - currently 14.21/20.20 = .703; therefore for each share of JLA if converted today you would receive .703 shares of QQQX. Market values currently indicate your .703 share of QQQX would be worth $14.477 or a premium over your previous JLA share of 5.98 %. These values are likely to change before the actual conversion date.
    Nov 19, 2014. 11:07 AM | Likes Like |Link to Comment
  • Why 13%-Yielding Memorial Production Partners Still Deserves A Chance [View article]
    This is a unique opportunity for the informed and aggressive investor.
    Nov 13, 2014. 04:42 PM | Likes Like |Link to Comment
  • Equity CEFs: QQQX/JLA Merger Update  [View instapost]
    JLA is a reasonable CEF to hold as a defensive position regardless of the merger which would be frosting on the cake. I understand the apathy of QQQX voters as there really is no big change for them other than the possible advantages of a larger fund.
    Nov 7, 2014. 01:10 PM | Likes Like |Link to Comment
  • Memorial Production Partners: Production Issues Lead To An Abysmal Quarter [View article]
    Saudis are profitable at $30 a barrel but they require >$90 a barrel to sustain their domestic budget. How low a price you can get oil out of the ground and make a profit is not all of the story.
    Nov 7, 2014. 01:04 PM | Likes Like |Link to Comment
  • Equity CEFs: QQQX/JLA Merger Update  [View instapost]
    Long JLA seems OK still while short QQQX is a bit troubling...
    Nov 6, 2014. 03:55 PM | Likes Like |Link to Comment
  • Memorial Production Partners: Production Issues Lead To An Abysmal Quarter [View article]
    All boils down to trust in management. The quarter was not great but these results were not intrinsic to the business model but rather technical and other singular problems (stuck pipe, weather in Permian, etc.). The .85 DCF coverage is for 2014 which is about done, the forward call is for a 1.0 or greater coverage ratio for 2015 even with $70 oil which was reiterated in the conference call question period. MEMP has a very strong hedge book through 2019 which makes them confident in the distribution's safety even in the face of stressed energy prices. The key is the quality of execution to achieve product to fulfill the hedge contracts. If you believe that this quarter was a "one off", bad luck quarter and that the parent Memorial Resources Development is committed to the success of their progeny then the market over reaction yesterday might be considered a rare opportunity in this space to lock in 12+ % distributions with tax advantage and significant capital gain upside.
    Nov 6, 2014. 09:56 AM | 5 Likes Like |Link to Comment
  • Equity CEFs: Funds To Buy And Sell Heading Into 2015 [View article]
    I am going with Mr. Albo's pick of GRX - a relatively inexpensive CEF with lower risk composition and backed by excellent stock pickers at Gabelli. To each his own...
    Oct 29, 2014. 07:26 PM | 1 Like Like |Link to Comment
  • Linn Energy LLC declares $0.2416 dividend [View news story]
    Pay up shorts...
    Oct 28, 2014. 07:22 PM | 4 Likes Like |Link to Comment
COMMENTS STATS
248 Comments
576 Likes