billf921

Four Shippers Emerging from the Mire

the whole group sucks but you need to know a few basic things

derrys, the ceo is a crook avoid forever

exm, the ceo fired the best dry guy and overpaid for qmar at the top of the market

dsx, honest ceo, low debt makes them a buy canidate when fundamentals improve

nm- i trust the ceo, they have alot of debt, but id buy nm as they lock in long term rates

egle

nice company problem soph the ceo skimed off 22 m in cash last year in obscene salary gives obamas commies something to gripe about. dont you think 2 m per year is fair for a guy that lost 90 % of shareholderr value

soph you are a disgrace to the human race. his cfo is not much better taking s multimillion dollar salary

ocnf is run by the nephew of drys , would you do business with the nephew of al capone?

ATP Oil & Gas: Production Should Triple in Next 9 Months

>Disclosure: I am a shareholder of ATP Oil & Gas

No really?? you should get paid by atpg. maybe you are on their payrolls a paid hyper

admit it to the world, you gave the cfo your nav calculations

admit it, im calling you out

On Oct 05 09:45 AM Gassy wrote:

> I was wondering why the market is in the show me mode? I have no
> background on this company but surprised out of 15 analysts only
> 6 are Buys (usually a good sign to make money). have you taken a
> decline on the existing production for 100mmcfe/d. Although EPS is
> not the right measure but still followed a lot, why is consensus
> EPS for 2010 $1.25/sh and cash eps $9/sh versus yours $17/sh. What
> is the market missing? Thanks

ATP Oil & Gas: Production Should Triple in Next 9 Months

to Devon shire, Swizzled, Azharm, et al

Try to balance your thesis with risk factors once in your life

Your NAV calculation is ludicous

Did you tell everyone that Barclays has a sell on it?

Did you tell everyone prof shorts arae shorting it?

Did you tell everyone that they have over ONE BILLION IN DEBT + off balance sheet expense commitments to ge for the Innovator?

Did you tell people they can even pay Diamond Offshore for drilling expenses?

Did you tell anyine that atpg cant pay for the titan and had to defer 89 m?

Did you tell anyone that they owe gifi for the 2nd min doc they cant afford?

No i dont think so

Until you do, you will afectionatly be called the hyping hyena!

Go look at exxi and do your same magic

This guy is so sensitive he will probably run to seeking alpha to have me banned

ATP Oil & Gas: Production Should Triple in Next 9 Months

>Where is your estimate of cash flow based on?

its all hype

Devon shire is a well know lunatic that also goes by Swizzle on yahoo. He posts incessanctly on Motley Fool and Yahoo under multiple niks and only post every good item he can scrounge up

he doesnt tell you that atpg is so debt laden that its interest cost is 1 m every 3 days or 40 dollars a barrel on current production

They are so broke that thy ask their drilling company for debt extensions, they ask they floating production maker for deferals and they did the same with octobuoy

they own so many people so much money, very little will flow to them


On Oct 05 10:34 AM trying2notbestupid wrote:

> My question in line with 'Gassy' above, why do you think the Street
> set such a low price target when your analysis indicates multiples
> of that target? How fast will these reserves be depleted? Does ATP
> deserve a 5x multiple if the fields will decline rapidly? (not saying
> they will, but if they did)
>
> Secondly, you state that “My estimate is that about 75% to 80% of
> this revenue gets through as cash flow from operations for ATP.”
>
>
> Where is your estimate of cash flow based on?
>
> Thanks.

ATP Oil & Gas: Production Should Triple in Next 9 Months

>$9/sh versus yours $17/sh. What is the market missing

you are missing nothing, ..the hyping hyena overstates everying by a factor of 2


On Oct 05 09:45 AM Gassy wrote:

> I was wondering why the market is in the show me mode? I have no
> background on this company but surprised out of 15 analysts only
> 6 are Buys (usually a good sign to make money). have you taken a
> decline on the existing production for 100mmcfe/d. Although EPS is
> not the right measure but still followed a lot, why is consensus
> EPS for 2010 $1.25/sh and cash eps $9/sh versus yours $17/sh. What
> is the market missing? Thanks

Deutsche Bank Names the Best and Worst Hedged Energy Companies

they missed one probably because they dont follow it

PXP

They have 200 % coverage as they have double puts

Two Water Transport Plays - Besides DryShips

i like ocnf and free both better than your picks

Are SQM and DRYS Still Good Buys?

you say "I continue to be a fan of management"

How can you be a fan of management when the ceo has:

1. Given himself 1 million free shares worth 75 diluting everyshareholder 2.7 %
2. flip his ocean ridg shares to Drys and charged a 4 m "sommision" for his efforts
3. Doubled his salary.
4. Sold from his private cardiff 4 panamax to drys at an eye popping price of 100 m each
5. Locked up drys ships on long term charters to his private company at prices significantly below spot rates
6. flipped his drill ships to drys at 1.6 b when he reportly bot them for 1.3 b. (Details have never been disclosed)

He did all this in the last 6 months!! He is using DRys as his personal piggy bank and siphoned off over a billion in value, imho.

Who knows, he may be the greatest ceo in the planet but you be the judge

Sorry, I dont trust him and i sold my entire million dollar position

Drybulk Shipping: Prepare for a New Record High

supply of new ships will cause rates to crater and when rates crater these stocks can fall 50 % or more.

the ffa's all indicate lower rates in 2009 so if you think you can be th4e first guy out go ahead and buy.

you need to add more balance to your article and mention what rates were for the last 30 years and why its different this time

Good News For Dry Bulk Shipping

one other thing, as higher oil prices ripple thru the economy, a slowdown will happen. this slowdown will lowr dry bulk rates and profits

you don't want to be in any bulker stock if and when that occurs

Good News For Dry Bulk Shipping

drys is down from 115 to 75 as the ceo has strayed from drybulk to ocean rigs. btw, he grossly overpaid for ocean rigs and dumped the crap to drys public holders.

secondly, the ceo has no problem issuing himself one million shares worth 75 m.

third, the ceo private company took long term charters at th public share holders expense

I cant get over his self serving moves and cashed out a million dollar position.

Dryship's Transformational CEO

Yes, the Ceo is a transformer man

He transforms Drys shareholder equity to his own personal gain.

To wit:

1.Issued himself ONE MILLION SHARES WORTH 90 m dollars.

2. His private company TOOK drys ships on period charters at rates that are a fraction of current spot rates.

3. Dumped his drillships report purchased for 1.3 b to drys for a cost of 1.6 m

4. Use DRYS as his personal piggy bank to over pay for Ocean Rig.

5. Sold his personal shares of Ocean Rig to DRYS shareholders

He reportly said US investors are stupid and the world's dumbest investors. i have to agree. They put up with self serving deals that have transformed drys into his personal money making machine.

a REAL transformer man!

Dryship's Transformational CEO

some have argued that ge is stealing from the company

to wit

issuing himself 1.0 shares of free stock
leasing 1/2 billion dollars in ships at bargain rates

aren't there better ethical companies out there??

Day Rates Headed Higher at Nordic American Tanker

Michael if you like this sector, I suggest you look at TNP which trades at 38 and is worth 56. If Day Rates are Headed Higher at Nordic they also are headed higher for other tanker stocks. Tnp is the best that there is.

they have a different chartering approach, they lock in rates for 2 or 3 years and have a profit sharing if rates go up. It's less risky than nat but pays out less in dividends but stock buy backs is an indirect way of giving money back to shareholders.

The key is TNP assets are worth 56 per share and is trading at a discount at 38. It should be trading it 80 to equate to nats multiple

BUY TNP INSTEAD. Tops also should be considered but thats a story for another day

Day Rates Headed Higher at Nordic American Tanker

This company does have some exposure to the spot market as one of their 12 ships has fixed charges and the other eleven are market based income.

that is a pooly written sentance

nat has complete exposure to the spot market and pays out 100% of it cash flow. rates are now good..will they stay that way..who knows but they usually fall in the summer as we dont need as much oil to heat in the summer. Above 40 its a sell as its assets are worth only about 25 to 30 per share but alot of people chase the divident