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Factzplz

Factzplz
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  • Coming Higher U.S. Natural Gas Prices Should Help Low Cost Producer Chesapeake Energy [View article]
    One positive article versus four down - the desperation is by the short sellers to keep driving CHK lower with a twice a day "the sky is falling" scare article with misstatements and opinion.
    Jun 30, 2015. 10:54 AM | 3 Likes Like |Link to Comment
  • Coming Higher U.S. Natural Gas Prices Should Help Low Cost Producer Chesapeake Energy [View article]
    Great that you (and I) seem to be the only investor(s) with a brain to look at the maturity schedule.

    And all the nonsense about debt, everybody thinks when debt is due it MUST be paid from cash - when in reality, most bonds are rolled out 5-10 years.

    If a homeowner has a 3 year note with a 30 year amortization does ANYONE expect the homeowner to have cash in 3 years to pay off the loan? No, it is refinanced.
    Jun 30, 2015. 10:51 AM | 9 Likes Like |Link to Comment
  • Chesapeake Energy cut to Sell at UBS [View news story]
    Icahn sold his NFLX yesterday for a $2 billion profit - let's hope he buys another 11% of CHK for $900 million and then gets together with Southwestern and their combined 38% gets CHK put up for sale...

    The roughly TOTAL reserves of 40-50 BBOE are worth far more the 14-cents per barrel, when the average finding cost for majors was $7 per barrel, and CHK's production cost is <$6.
    Jun 25, 2015. 08:57 AM | 6 Likes Like |Link to Comment
  • Chesapeake Energy: An Open Letter To Carl Icahn [View article]
    Why? For taking $50,000 and building it to $18 billion of shareholder equity?
    Or for having the largest reserves of any Company in America, covering some 20,000 sq. miles, with roughly 50 billion BOE?
    Or, in 2012 finding more oil than XOM and CVX combined?
    Or for having such great assets that last year's sale of 3% of its non-core acreage brought in 50% of its market cap?
    Or that now the TOTAL reserves are valued at roughly 5-cents per barrel?
    Or, having a low debt to equity ratio (compare to other companies)?
    Or, participating in wells, paying his %-cost, that was approved twice by special shareholder votes and having 3 pages of disclosures in the annual Proxy materials?
    Or having the lowest worker injury rate?
    Or being one of the best places to work year after year?
    Or having one of the best worker pension programs?

    Recall that XOM was the #4 producer, XTO was #5, and only the merger made XOM the largest producer.

    Write a letter to Southwestern and the other big holders that the top six hold 51%+ of shares and can effect a sale. Icahn & Southwestern have 27% of shares.
    Jun 23, 2015. 12:29 AM | Likes Like |Link to Comment
  • Chesapeake hits 52-week low amid biggest natural gas surplus in 12 years [View news story]
    You said, "It is drowning in its immense debt,..."

    Given that CHK has an $18 billion net worth, what % of debt is acceptable?

    Other than the majors (XOM, CVX, COP, etc.) which drillers have a lower debt percentage?

    Considering CHK has the largest oil/gas reserves in the U.S., covering 20,000 sq. miles, and for example, in 2012 CHK discovered more oil than XOM and CVX combined, how much debt is acceptable to keep this precious asset?

    From my view, the moral atrocity is that more nat gas is flared off at the well head than used in America. Converted to BTU equivalents, at $100 oil, that is nearly $500 billion burned off. When Japan is paying $14 mbtu for nat gas, and it is selling here for $2.60, it is sacrilegiously wasteful and unprofitable that the U.S. is not selling gas overseas. Yet politicians of both parties are against exports so America does not run out - yet it is okay to burn it.

    If you Google, "Bakken flaring from space" click on Images, the pics are startling - more light is coming from Bakken flaring than Chicago or Minneapolis light pollution.
    Jun 4, 2015. 07:39 PM | 10 Likes Like |Link to Comment
  • Time to follow Icahn and buy Chesapeake Energy, Sterman says [View news story]
    Just some facts - McClendon's well participation program was approved twice by shareholder votes on annual proxy votes (those annoying forms you get from every company every Spring).

    Plus it was fully disclosed with 3 pages of disclosures every year - so if you did not know about it, that was because YOU did not read the annual 10K or Proxy materials.

    There was no conflict of interest...the shareholders said voted "yes" to they guy who amassed the largest oil & gas reserves in the U.S. and who built $50,000 to $18 billion of equity.

    Which is the conundrum here, as the total proved and unproved reserves are valued at 5-cents per BOE, when finding costs for the majors is reported at $7.
    Jun 4, 2015. 01:33 PM | 3 Likes Like |Link to Comment
  • Timyan's Favorite Short-Long Pair Trade: World Acceptance Vs. Exchange Bank [View article]
    I think you are letting your personal opinion cloud the facts.

    I started my career working for Household Finance, similar to WRLD, but our maximum rate was far lower near 20%, and ended up as a community bank president and director - so I understand both of your investments.

    Of all the small loan company lenders, WRLD is the most credible and fair. It does not make payday or title loans. Its rates are high, but not the horrendous rates of other companies. Also, like too many things, the southern states with the most poor people are gouged the most - which is a failure of the banks to be honest lenders, forcing the poor to "loan shark" rate lenders. Which makes me wonder why these people voluntarily suffer by voting to be a Red state.

    Your bank idea is a good safe investment that should benefit as rates increase.

    I am long WRLD as the short interest is 95% of the float. Going thru WRLD's business practices there is little to be challenged, though there will be some "corrective actions" as the government never does an investigation and NOT find something in order to claim victory (yet, not one banker has gone to jail for nearly collapsing the global financial system, and putting 12 million Americans out of work).

    I believe there will be a huge short squeeze on WRLD when the news comes with at least a 50% up move.

    What do you think of WSBF with its dramatic turnaround from under a FDIC order, share buyback, below book, though the ROA and ROE have not yet recovered?
    Jun 4, 2015. 12:45 PM | Likes Like |Link to Comment
  • What's InterCloud's Fair Value? [View article]
    Joe Trader 69 sure is trying to protect his short position with idiotic statements that IBM and HP are in this business. His uninformed ramblings show he does not understand IBM, HP, or ICLD - a perfect trifecta.
    May 16, 2015. 01:14 AM | Likes Like |Link to Comment
  • Chesapeake Energy - Leverage And Poor Realizations Continue To Pose Risks [View article]
    "...while debt continues to be very high despite asset sales" and "...the debt load remains dangerously high."

    What are you talking about? Have you compared CHK to other like companies? CHK's debt is either inline or lower than competitors. And did you look at the maturities that are extended years out which makes the debt anything BUT "dangerous."

    Please do a factual analysis and then come back with a non-FOX "fair & balanced" report.
    May 12, 2015. 12:59 PM | 6 Likes Like |Link to Comment
  • $5B Write-Down By Chesapeake Spooks Investors, But Is It Much Ado About Nothing? [View article]
    To dnpvd51 - CHK did the right thing, upfront, and transparently. This is an accounting requirement - for all companies. Yes - it can have operating earnings, as those earnings come from non-accounting entry activities.

    The other companies will have to take the charges, but are delaying in the hope oil/gas will go up in price so they avoid the write off. If prices do go up then CHK reverses the accounting entry. CHK was being more honest than the other drillers.

    If you want to blow your mind as to a valuation discrepancy compare CHK's output, cash expended, net worth, etc. to XEC or COP and CHK should, based on their metrics, be at a minimum 4x higher - or they should be 75% lower.
    May 8, 2015. 11:26 PM | 3 Likes Like |Link to Comment
  • BreitBurn Energy Partners - Is The Worst Over? [View article]
    Engage brain...

    The US is the largest oil producer.
    Saudi Arabia is #2
    How fast could the US double production? or Saudi?

    Another common sense thought...
    Saudi produces 10% of the world's oil - and cannot produce more. If Saudi wants to sell oil for $50 bbl, let them. There is no reason the producers of the other 90% have to cut their price - but they have. Stupid but they do it.

    Stupider yet, the US 7th Fleet is protecting Saudi's oil exports. How about we charge Saudi for being the Sherriff. After all, the 9-11 attackers came from Saudi (not Iraq).
    May 6, 2015. 10:13 PM | 2 Likes Like |Link to Comment
  • SolarCity: One More Step Towards Energy Domination [View article]
    Florida, Oklahoma, and Arizona have either outlawed or instituted prohibitive fees for residential solar power.

    These are three of the sunniest, most logical states to benefit from solar power.

    These states also have Republican governors and legislatures who are free market, pro consumer, and environmental supporters.
    Oooops - I forgot to insert the word "not" in the previous sentence.

    Good luck Musk - 3 states down, 28 more anti-solar legislations to be signed into law.
    May 2, 2015. 12:20 PM | 4 Likes Like |Link to Comment
  • Trinity Industries Could Be A Home Run [View article]
    Off topic - to your point of DoJ "(think banks)" - as a former bank president what "bankers" did to their "customers" was unconscionable. If I had been head of DoJ I would have put 10,000 bankers in jail.

    A 20 year old black guy robs a bank by giving a teller a note and gets 20 years in jail. Lying, thieving, stealing "Bankers" fraudulently produce loan documents, bankrupting their believing customers, and creating the worst financial crisis since 1929 - they get billions in bonuses. The days of the honest, Christian, community banker that worked to improve the lives of his customers and community are long gone (think George Bailey, It' a Wonderful Life).

    I pray there is a God and Heaven - there will be few bankers to chat with for Eternity.
    May 2, 2015. 10:00 AM | 4 Likes Like |Link to Comment
  • The Chinese $2.16 Trillion Easing Impetus For GLD [View article]
    Thank YOU for the good work.

    I believe GLD is eerily similar to the 1963 Salad Oil Scandal (Google it) when the amount of salad oil (gold?) held by one company (GLD?) was more than all the salad oil in the US (GLD?) which should have sent up alarms, but not until someone opened the valve on the bottom of the tank (E.Rifer) the scam was exposed.

    What I have not figured out yet is WHEN salad-oil-gold is discovered, what happens to the price of the metal gold?

    A $28 billion fund (GLD) blows up, the investors/hedgers crash and burn - so does gold drop $400 because of all the fictitious inventory that was fake demand that evaporated, or does gold rally $400 because there is not the supply the world thought existed?

    Then you have all the hypesters (Ron Paul & Son, Stansberry), and reports talking about all the gold that China is buying by the shipload (really? shiploads?). Of course the reports of the fraudulent gold that were gold coated lead bars that China got scammed. Those reports were quickly hushed by China. How many more purchases of gold did China buy that were not solid gold bars? Does anyone believe in the honesty and integrity of/in China?

    Thank you E.Rifer for shedding light on one of the most secretive, scam probable investments. But will the whole truth ever be exposed about GLD and China?
    May 2, 2015. 09:11 AM | 1 Like Like |Link to Comment
  • The Mother Of All Margin Calls [View article]
    The currency loss/gain was 30% - but it did NOT happen in 5 minutes that would cause an instantaneous $3 trillion loss - it occurred over months. Firms, traders use stops, and corporations hedging sales eat the losses as part of risk strategy. And of course, there were $3 trillion of profits. Today I lost $100, tomorrow I make $100, so net I am even, yet my loss and gain are all part of your $3 trillion made or lost.

    Your chart is the first FRED chart I have ever seen without a header. How do we know what your chart represents or if it is even FRED produced. Photoshop is remarkable.

    And to say Gold has no counter party risk -- anybody taking bets that someday there will be an ETF that "blows up" when it's discovered the gold mysteriously disappeared?

    The chart appears to be a humungous amount - but look at the scale, and its relation to the US stock market, as one comparison, is only 1.3%. Hardly a reason to panic. Then again, for some reason, the scale is missing. Hmmmmm.
    Apr 21, 2015. 09:59 PM | Likes Like |Link to Comment
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