ted kaye

ted kaye
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  • Cliffs Natural Resources: Oversupply And Steel Market Weakness Make A Comeback Difficult  [View article]
    Current Assets were $1.4 billion at the end of 2014. Isn't that plenty of cushion to service that $3 billion in debt even if they shut down for a year or two. Also they took a huge hit writing down the Bloom Lake operation, something like $7 billion. If Bloom Lake ends up even being worth a small percentage more than the accounting says it is, it could be a substantial gain. Am I missing something? There Natural Resources went from over $8 billion to less than $0.6 billion? They have been taking their lumps... maybe more so than needed and their assets are worth more?

    Apr 12, 2015. 03:06 AM | Likes Like |Link to Comment
  • Cliffs Natural Resources: Oversupply And Steel Market Weakness Make A Comeback Difficult  [View article]
    SYDNEY--The sharp fall in iron-ore prices claimed a major casualty in Australia when Atlas Iron Ltd. said it would shutter all its mines and halt exports to Asia. Atlas was worth nearly 4 billion Australian dollars (US$3.1 billion) as recently as 2011 but has been losing money rapidly as iron-ore prices fell 30% since the start of this year to a decade-low. That raised concerns about its ability to repay debts if it continued digging up ore.
    Apr 12, 2015. 12:23 AM | 1 Like Like |Link to Comment
  • Abakan Update: An Overvalued Pipe Dream  [View article]
    The market is trying to tell us that 200 horizontal drilling wells have been drilled in Ohio in the last 2 yrs. $2 billion + is being spent on fractionation plants. VSM Star spent over $1 billion in Youngstown on two Oil and Gas Country pipe factories, Republic Steel hire hundreds ratcheting up for making more new steel pipeline pipe. 20,000 new horizontal wells are projected in the next 20 years... all needing gathering lines. We are talking about hundreds of thousands of miles of new pipeline, not including all the new pipeline that will be required to deliver natural gas that is shut in in the Marcellus in PA.
    Apr 9, 2013. 09:04 PM | Likes Like |Link to Comment
  • The Hess Eagle Ford Sale Sets Chesapeake Shareholders Up For Disappointment  [View article]
    That $6,100 price really is cheap considering they were paying bonuses of $5,000 per acre up here in the Utica for acreage that really was not proven at all. At $100 per barrel and 4,500 barrels per day the producing wells are throwing off $100 x 4,500 x 365 days = $164,250,000 from the producing wells. Even allowing for expenses and royalties.... that still leave a lot of return to that $265 million investment from already drilled holes. They get payback in less than three years from already drilled holes assuming the declines are not crazy. Am I missing something?
    Mar 19, 2013. 11:47 PM | Likes Like |Link to Comment
  • How Big Could The Eagle Ford Turn Out To Be For EOG?  [View article]
    My understanding is that water for hydraulic fracturing is the single biggest expense for drilling a well. With water and waste disposal being major environmental issues and since associated gas flaring is a major headache, isn't natural gas for fracking a no brainer? What about Gasfrac, they are way down from a peak although recovered and seem to be having serious management problems, but I am wondering about their technology and foot in the door?
    Mar 19, 2013. 11:45 PM | Likes Like |Link to Comment
  • Chesapeake's Mississippi Lime Joint Venture Falls Woefully Short Of Expectations  [View article]
    How is the stock doing in after market trading?
    Feb 26, 2013. 07:02 AM | Likes Like |Link to Comment
  • How Did Chesapeake Sell $12 Billion Of Assets And Actually Increase Its Debt?  [View article]
    What are the one or two or three single biggest cost components of a shale well compared to a conventional well? Is it the water? Is it disposal? What do you think about gas frac'ing? recycling? any other technologies? something that is totally off the radar right now?
    Thanks Ted
    Jan 30, 2013. 04:45 AM | 1 Like Like |Link to Comment
  • Heckmann (HEK): Q3 EPS of -$0.06 misses by $0.04. Revenue of $93M (+94.8% Y/Y) misses by $3M. Shareholders approve issuance of shares in connection with the previously announced merger with Power Fuels. Shares +6.5% AH. (PR[View news story]
    I am a newbie, but it seems like every time a company reports dismal or negative earnings that miss analysts consensus estimates in a negative way, the stock surges... HEK is a case in point.
    Nov 9, 2012. 01:21 PM | Likes Like |Link to Comment
  • Will Natural Gas Change Direction And Fall?  [View article]
    Drillers have to drill to stay in business. They have fixed debt and overhead which they need to cover. So they are drilling for oil since the price is high, but natural gas is a by product of drilling for natural gas, so they have to do something with it. I see no long term upward pressure on natural gas, other than normal winter cyclical demand, until we start exporting natural gas or until there is more conversion of passenger vehicles to natural gas.
    Nov 6, 2012. 01:15 AM | Likes Like |Link to Comment
  • Chesapeake Looks Likely To Outshine Energy Producing Peers  [View article]
    CHK is selling all their upside in a down market. People who bought at $23 are finally going to give up when natural gas starts selling for under $1 and CHK breaks $20 and starts to crash. The recession in Europe is going to drag down export demand for U.S. produced goods and the European financial crisis will spook the broader market. If the DOW doesnt break 13,000 on this next uptick... look for a deeper and faster drop then the last 5-day drop.
    Apr 12, 2012. 02:25 PM | 5 Likes Like |Link to Comment
  • T. Boone Pickens' 5 Favorite Fundamentally Strong Energy Stocks  [View article]
    I sold my entire (very meager) portfolio last week. Stocks on my watch list are showing major percentage declines based on weaker most recent quarter results even though the year was better. For example A. Schulman.

    I would have thought the DOW would continue up until 15,000 before any correction. But I am afraid the turn in the market might already be upon us.
    Apr 9, 2012. 02:19 PM | 1 Like Like |Link to Comment