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The_Hammer

The_Hammer
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Latest  |  Highest rated
  • Decisive Cuts In Dividends And Capital Outlays Make Washed Out Oil And Gas Producers A Good Bet [View article]
    Pwe reduced the dividend? This mgt is a joke. You can quote me! They have proven to me they do not have what it takes to make tough decisions at the right time.
    PGH another joke of a mgt too. Both of these capital incinerators should ELIMINATE their dividends. Just look at the share prices of both these capital incinerating cos, a total bust (stock prices both close to all time lows) and the dividend is all a diversion to protect their job.
    Dec 17, 2014. 03:32 PM | 1 Like Like |Link to Comment
  • Owens Illinois Is An Interesting Long-Term Value Play [View article]
    For such solid cashflows the stock performance has been abysmal over the years. this company has overpaid for acquisitions in the past thus the large goodwill on the books. Mgt needs a huge shakeup to get their house in order. As the stock price falters the company should buy in stock and paydown the heavy debtload. this ev/ebitda metric should become a thing of the past and fcf should be the thing to focus on. under 20 this gets interesting
    Dec 17, 2014. 07:55 AM | 2 Likes Like |Link to Comment
  • Penn West Should Cut Its Dividend; If It Does I Will Buy More [View article]
    Hey Boozer impressive post good job!
    Dec 16, 2014. 03:55 PM | 1 Like Like |Link to Comment
  • Noble Plans Can Take Noble Corp. Higher [View article]
    sdrl is building 13 spec rigs and are nearly double leveraged? I would say there is no comparison here. ne is done with build program.
    Dec 16, 2014. 12:06 PM | Likes Like |Link to Comment
  • On the hour [View news story]
    Yeller gave the buy stock command.
    Dec 16, 2014. 11:09 AM | 1 Like Like |Link to Comment
  • Noble Plans Can Take Noble Corp. Higher [View article]
    delaying the dividend one year for safety is best decision. taking that 300 mil and paying debt and buying in 37 mil shares will really do wonders for share price imo.
    Dec 16, 2014. 10:45 AM | Likes Like |Link to Comment
  • Penn West Should Cut Its Dividend; If It Does I Will Buy More [View article]
    8547 Uncle pie has warned repeatedly about pwe at SUBSTANTIALLY higher stock price levels. pwe will be squandering further value by liquidating "non-core" assets at less than favorable prices.
    the same in denial dividend pimps been touting all the way down. This company imo will make it but in the process is going to destroy value doing it.
    Mgt has done a good job operationally. I cannot believe this mgt failed to eliminate the dividend from day one and keep significant hedges in place until they cleaned house.
    Dec 16, 2014. 09:21 AM | 2 Likes Like |Link to Comment
  • Penn West Should Cut Its Dividend; If It Does I Will Buy More [View article]
    pwe is going to be bought out like talisman but at 4-5 a share. substantial shareholder value has been destroyed due to carrying on the fantasy that this company could afford a dividend with such a high cap ex program.
    Dec 16, 2014. 08:34 AM | 1 Like Like |Link to Comment
  • Noble Plans Can Take Noble Corp. Higher [View article]
    moodys is probably not going to like your recommendation to pay down only 100 mil in debt with all that fcf. what if 2016 remains difficult? then what? since total cap ex will probably be about 1.1 billion. the dividend would be at huge risk if cflows fall off in 2016 with the 1.1 billion in cap ex (cap ex growth + maintenance)and 380 mil dividend is 1.5 billion. the tough decisions should be made now heading off any potential issues. I do believe about 300 mil in debt is coming due in 2015 so paying it all down is a must. all this company should do is try to go thru this period unscathed and not neg fcf in 2016. i do disagree with your assessment and this is not the prudent thing to do. Since what happens in 2016 is unpredictable the company should lean toward protecting value until the severity of this decline is understood.
    Dec 15, 2014. 02:27 PM | Likes Like |Link to Comment
  • Penn West Should Cut Its Dividend; If It Does I Will Buy More [View article]
    another in denial bagholder dividend pimp. you should be real worried as distressed shareholder asset sales going to really cream nav value. would not be surprised if a bid came in for this company like at $4-5 a share.
    Dec 15, 2014. 10:21 AM | Likes Like |Link to Comment
  • Noble Plans Can Take Noble Corp. Higher [View article]
    with cash flow coming in about 1.6 bil in 2015 and 600 mil in cap ex and dividend of close to 400 mil leaves about 600 mil of fcf for debt reduction and stock buyback. it probably makes sense to take back the most recent dividend increase (think was 0.50 or about 125 mil) to focus on debt and stock buybacks. ....to buy in all 37 mil shares would cost about 550 mil at 15 share price. this would be a prudent route to address market concerns over debt due to the uncertainty going out past 2015 into 2016.
    If they reduced the entire dividend for 2015 would add about 380 mil to the 600 mil for a total of close to $1 bil. This means they could buy in all shares 37 mil and buy down 400-500 mil in debt. This would make the market very happy showing commitment to pay down debt and reduce share count. Then dividend could be resumed in 2016. this would be the best course of action.
    Dec 15, 2014. 09:09 AM | 1 Like Like |Link to Comment
  • DHT Holdings: Primed To Benefit From An Improved Tanker Market [View article]
    buf what about panl you were pumping after the 10 secondary? that was at about 8 1/2 just noticed it was 5. hhhhmmm.
    Dec 12, 2014. 11:43 AM | Likes Like |Link to Comment
  • Dive in oil prices shows up as consumer sentiment pops higher [View news story]
    At the 2009 lows sentiment was rock bottom pessimistic. LOL!
    Dec 12, 2014. 11:22 AM | 1 Like Like |Link to Comment
  • Don't Rush To Buy Depressed Oil Stocks - They Are Likely To Come More Cheaply Later [View article]
    pwe and pgh are two cos that desperately need to change their shareholder unfriendly mindset by not carrying a dividend until they can get their balance sheet house in order and have the financial flexibility to pounce on a severely depressed share price to build share holder returns. Poor balance sheet and lack of fcf crush shareholder value opportunity. Both cos have abysmal long term stock performance. Both should study and mirror actions of cos like xom or su or cnq. what do they do run a conservative balance sheet, prudent dividend payout ratio and are run counter cyclically.
    200 mil can reduce share count by close to 20%. But no pgh and pwe continue down this shareholder incinerating path.
    Dec 12, 2014. 08:17 AM | 1 Like Like |Link to Comment
  • Pengrowth Energy declares C$0.04 dividend [View news story]
    the company mgt has proven it cannot protect shareholder value as the stock is at all time lows even much lower than 2009 lows. The company mgt is in denial they can run 40 mil deficit in q3 to cashflow after the divie and cap ex.
    This is just stupid given cash levels are only at about 30 million and cap ex rockets higher to expand production at lindbergh in the future and the stock price is near all time lows.
    Dec 11, 2014. 06:03 PM | 2 Likes Like |Link to Comment
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