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Qniform

Qniform
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  • Why Investors Should Consider Buying The Drop In Chevron, In 4 Charts [View article]
    "Chevron now trades close to its 52-week low..."

    CVX is making new lows every day. It's actually near a 5 year low, for good reason.

    "Moreover, the company will also benefit from the growing demand for LNG with its Gorgon and Wheatstone Australian LNG projects. These projects are expected be completed soon..."

    They have been expected to be completed soon for two years. These projects are disastrous in terms of cost and schedule overruns. So is Bigfoot. I will need some sign that CVX has reversed their mismanagement trend before investing. It's a good company, but there is further downside IMO.
    Aug 21, 2015. 12:38 PM | 1 Like Like |Link to Comment
  • Kinder Morgan: How Dividend Growth Depends On Share Price [View article]
    I don't recall a previous discussion Steve, but no matter. By comparing KMI with MLPs and REITs you conveniently ignore the tax at the corporate level, and the further tax on the dividends. This was the primary motive behind the government incentivizing these particular structures and they are different from one another and KMI. KMI will indeed have tax credits going forward so we must take them into account. But it is a regular C Corp. nevertheless. Why don't you contrast how KMI is different than DUK and why it should be viewed differently?
    Aug 20, 2015. 07:58 PM | 2 Likes Like |Link to Comment
  • Rayonier Advanced Materials: High Quality That Never Was; Reviewing A Painful Mistake [View article]
    I kept a few of the RYAM shares I received after the spin-off decline as an object lesson in a bad decision. Maybe I should say an abject lesson :). The decision I regretted was not selling before they breached $20. Now I feel better of course (not).

    One question: the name Rayleigh is repeated as a predecessor company name, but I'm not familiar with it and I've owned RYN for quite some time. Is there a source to explain?
    Aug 20, 2015. 11:09 AM | Likes Like |Link to Comment
  • Spectra Energy Enters The Battle For Williams [View article]
    So, you don't think that ETE will at least repeat the earlier offer? It was already at premium.

    Also, WMB's take out plan for WPZ was at a premium as well.
    Aug 20, 2015. 10:36 AM | 1 Like Like |Link to Comment
  • Investors Should Expect A Bid Of At Least $70 For Williams Companies [View article]
    The estimated share price here is not justified very well. Those interested in more information on M&A history (15 years) in this space should look here: http://bit.ly/1NvviIp. I agree that a sound strategy includes both WMB and WPZ. More helpful would be a stab at position sizing and hedging (since basically this is about merger arbitrage).

    It's too bad the USD/CAD exchange rates are currently so unfavorable to TRP and ENB. They would certainly add to the bidding process.

    It would also be nice to hear how competing bids will be assembled given ETE's apparent strategy of locking up investment banks. http://reut.rs/1M5OECX
    Aug 19, 2015. 05:34 PM | Likes Like |Link to Comment
  • E&P Q2 Impairment Tsunami - Damage Assessment Part I: Full Cost Companies [View article]
    This series is exceptionally valuable RE. Thank you so much. The FC group is really hard to assess.

    DMLP shows up as anomalous since it is both a royalty collector AND an MLP. No costs, no debt. I love these guys, BTW.
    Aug 19, 2015. 11:50 AM | 2 Likes Like |Link to Comment
  • ABB: Sailing Through Headwinds With A High Yield [View article]
    I still don't understand your comments. Do you have a personal issue? As you pointed out ABB sold for as little as $2 (in 2002) so I'm hardly cherry picking a low. You have little to add it seems. You win - it's dead money. End of story.

    I'm sorry epeon. There is little point to this and I'm unclicking the follow box
    Aug 19, 2015. 10:03 AM | Likes Like |Link to Comment
  • Spectra Energy And The 3 Prongs Of Income Growth [View article]
    It has nothing to say about the business. Share price and dividends tell us little about anything important.
    Aug 19, 2015. 12:56 AM | 1 Like Like |Link to Comment
  • Kinder Morgan: How Dividend Growth Depends On Share Price [View article]
    Good catch UP. It shows up worse at GURU Focus as 4.70%. ROA is 1.49%. ROIC is 4.78%.

    The dividend growth is definitely not covered by these rates.
    Aug 18, 2015. 09:18 PM | 3 Likes Like |Link to Comment
  • Kinder Morgan: How Dividend Growth Depends On Share Price [View article]
    No, they are not an MLP any longer. To continue to use DCF as though it were is to drink management Kool-aid. KMI should be evaluated like a utility, with the same metrics employed to analyze a capital intensive business.

    Having said that, this article is valuable in raising the question of how a C Corp which raises so much capital via equity issuance should be monitored. I'd suggest that the price at which the equity (and debt for that matter) is crucial to decide whether it is dilutive or not
    Aug 18, 2015. 09:13 PM | 3 Likes Like |Link to Comment
  • Spectra Energy Enters The Battle For Williams [View article]
    Ahhh. Thanks PM.
    Aug 18, 2015. 09:00 PM | Likes Like |Link to Comment
  • Take Profits In Analog Devices Ahead Of Q3 Earnings [View article]
    I'm glad I traded into a larger position today. Instant 5%. Selling after hours with the result that my cost basis is nicely lowered.
    Aug 18, 2015. 05:12 PM | Likes Like |Link to Comment
  • Spectra Energy Enters The Battle For Williams [View article]
    It will be interesting how any competing offer could be made, since Energy Transfer has locked up many of the investment banking relationships in this deal. http://reut.rs/1M5OECX
    Aug 18, 2015. 05:04 PM | Likes Like |Link to Comment
  • Spectra Energy Enters The Battle For Williams [View article]
    The reason I bring it up was that the offer occured when the acquiring stock was $64/sh (as I recall). ETE has never traded there, but ETP has.
    Aug 18, 2015. 05:00 PM | 1 Like Like |Link to Comment
  • Spectra Energy Enters The Battle For Williams [View article]
    ETP would simply be the new 60% owner/GM. No different than WMB currently.
    Aug 18, 2015. 10:43 AM | Likes Like |Link to Comment
COMMENTS STATS
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