Seeking Alpha

mac1943

mac1943
Send Message
View as an RSS Feed
View mac1943's Comments BY TICKER:
Latest  |  Highest rated
  • How Caterpillar Can Quickly Improve Its Financial Situation [View article]
    @Daniel; while selling the Resources segment may make financial sense to you, perhaps for the short term, this is the "Flagship" division. It is also cross linked to the construction industry which management said did very well last year. Presumably the Bucyrus acquisition product lines largely fall into this division, and I imagine they are still being integrated into the Cat organisation, with some synergistic savings still to come. Cat is also inextricably linked to their numerous dealers around the world that service the equipment, a big dollar revenue item to them.
    I would take issue with your comment under "Takeaway" ~~"By simply selling~~" SIMPLY ???????
    Mar 28, 2015. 08:24 PM | Likes Like |Link to Comment
  • Noble Corporation Could See 50%+ Upside Over The Next 12-18 Months [View article]
    @Ryan,
    Re paragraph Future Price of Oil you state "~~offshore drillers need the price of oil to be~~~ to be competitive"
    Drillers need contracts to be viable. I don't believe there is a magic number oil price that will suddenly make NE, plus RIG, SDRL, DO etc profitable again. E & P companies, including majors and NOCs, have to commit to capex in the offshore sector, to ensure the ongoing financial health of the drillers. Shale oil and gas is a competitive alternative especially in the North American geographical arena, and this could well delay the E & P companies from committing to new offshore capex.
    Mar 27, 2015. 08:16 PM | Likes Like |Link to Comment
  • Why Clean Energy Fuels Can Continue Beating The Market Despite Certain Challenges [View article]
    @Harsh
    Natural Gas for transportation is used in two formats; ;Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG).
    My understanding is that CLNE has invested in both the LNG and CNG sectors, however LNG involves substantially greater investment, and provides better margins on sales. CNG stations require little more than a supply of Natural Gas,and some, not a lot, electrical power, and hence there is no "moat" and a fair amount of competition, thus margins on CNG sales are much less lucrative, especially if the CNG is supplied from expensive LNG. However the vehicle fleet sales you refer to in your article are all CNG vehicles.
    Can you provide a breakdown of the split between LNG and CNG regarding CLNE's investment, their sales, and margins ?
    Mar 27, 2015. 05:24 PM | Likes Like |Link to Comment
  • Seadrill Should Make An Acquisition [View article]
    In my opinion, the biggest competitor to deep offshore oil is North American shale oil, and that's because the response time of the shale operators is much faster than the deep sea drillers. When the price of oil goes back up towards the $100 level, the shale boys will be back drilling; the deep sea operators will be somewhat more cautious. And that will inhibit demand for deepwater rigs for quite some time. Who will survive ? I don't know, but I do not think any of the offshore drillers will be looking to buy anything until there are some contracts out there at decent prices. I really think we are seeing a shift in the drilling industry.
    Mar 21, 2015. 01:26 PM | 1 Like Like |Link to Comment
  • EXCO Resources: Weighing The Pros Against The Cons [View article]
    How much did each of the 425 bpd wells cost to drill and complete ?
    What are their hedges ?
    When is their debt due ?
    Mar 19, 2015. 04:01 PM | 1 Like Like |Link to Comment
  • AutoZone: Our Favourite Large-Cap Stock [View article]
    I have a problem with a company that "squeezes their suppliers" with an average 4 month payables. To be fair, AAP seems to do the same thing. Is this standard prctice in this industry ? If the suppliers squeeze back, their financing model goes out the window.
    Mar 14, 2015. 03:17 PM | Likes Like |Link to Comment
  • Tesoro Corporation: A Downstream Monster [View article]
    Any comment on refinery complexity (Nelson index) which you give as 11.5.? And the supply / mix of crude supply ? I would think the surge in shale oil availability compared with heavy oil sources might be to their advantage with some of their refineries. Grade and price surely must have a material effect on the crack spread.
    Mar 3, 2015. 11:31 AM | Likes Like |Link to Comment
  • Pengrowth Energy: 6 Takeaways From The Recent Quarter [View article]
    I apologise for being picky, but the use of the word " Takeaways" in the title is misleading in that it implies negatives, at least to me. Instead I find pleasant confirmation of my understanding of the PGF situation. Long PGF and underwater but optimistic.
    Mar 3, 2015. 11:13 AM | Likes Like |Link to Comment
  • Comparing North America's Next 3 Independent Oil & Gas Companies [View article]
    The author apparently doesn't recognise the difference between an oil rig and an oil well. Focusing on the Baker Hughes Rig Count, yes very important, says nothing about the number of wells being operated or for that matter shut down (very few) but says much about future supply.
    I didn't read past that point.
    Feb 22, 2015. 10:53 AM | 2 Likes Like |Link to Comment
  • Enbridge Q4 results boosted by new pipelines to key U.S. markets [View news story]
    @young
    try looking at the 20 or 25 year chart
    Feb 21, 2015. 01:10 AM | Likes Like |Link to Comment
  • Zacks' Bull Of The Day: Cree [View article]
    Cree makes some good products, but it has failed to make much money for its investors. Their projections in the past have been overly optimistic on numerous occasions. Is it different now? I, for one, will wait on the sidelines.
    Feb 20, 2015. 06:57 PM | 2 Likes Like |Link to Comment
  • Seadrill: Is It Finally Time To Start Buying? [View article]
    @djh~~~ i am with you. I believe it will be some time before we see a significant expansion in the deep sea drilling market. The capex required is frequently so large and the hoped for returns so far in the future that the financial gurus are keeping the padlock on the cash box. The sector will come back, but will require higher oil prices, continuing well into the future.
    Feb 17, 2015. 12:16 PM | Likes Like |Link to Comment
  • Ryerson: An Ugly Story All Around [View article]
    @ Dallas~ Interesting !
    I looked at their balance sheet 2014/09.
    A steel distribution business basically has inventory, warehousing and equipment. In their case about $1.15B~~and they have $1.198B in long term debt !
    Steel distribution is a very competitive business, with slim margins, and very subject to vagaries in the economy. I know; I'm in that business.
    I think you have hit the nail on the head. Whoever was involved in that IPO should probably keep their head down.
    Feb 15, 2015. 01:14 PM | Likes Like |Link to Comment
  • Lightstream Is One Lender Decision Away From Being Forced Into Restructuring [View article]
    @ Edward, as I previously said, LTS has been an unfortunate stock to hold. Through Petrobank and Petrobakken, over several cycles in oil price, this has been a downward slide. However there are some good producing properties in the portfolio.
    As far as I am concerned, I am out, neither long nor short, having lost money previously.
    The timing of your article brings to mind the vultures circling over the not yet dead carcass. Will it survive ? Maybe ~~ but without any of my $$ attached~~I already had enough fun,/
    Feb 15, 2015. 01:55 AM | 2 Likes Like |Link to Comment
  • Lightstream Is One Lender Decision Away From Being Forced Into Restructuring [View article]
    @ Edward ~~just as a matter of curiosity, at what price did you short ? If you say @10, good for you. LTS has been a dog of a stock long before it was LTS~~PetroBakken was full of promise, and losses. That's when I bailed out. Now, many of the same good assets are supporting a C@1.65 share price today; at $10.00 even with $100 oil, the debt was too great. And as others say, there are several good companies operating in the same area, CPG being the obvious and biggest, so the asset value isn't going away. I don't think I'll follow your suggestion and go short.
    It looks as though you found LTS last week~~if you had been following it for 15 or more years you would have more credibility. And that's without even mentioning Toronto.
    Feb 13, 2015. 12:36 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
59 Comments
63 Likes