paulo, do you see aci as a potential buyout target? perhaps from a chinese or indian company that needs a growing source of coal? the market cap here is very small relative to the reserves available.
arch would appear to be well positioned for a takeout.
In a show of hands, 29 Cypriot lawmakers vote for the controversial EU bailout, 27 vote against. The deal is thus approved. (CyprusMail, AP) [View news story]
natural gas is going well north of $4. i think we'll be looking at $6 in the next 12 months. while $4 is a relief to cash strapped companies, no one is going to spend capex for $4 nat gas - at least not enough to cover declines.
coal is about to be much more favorable from a cost perspective.
if it were $50 million, it would be a drop in the bucket. this technology has revolutionary promise of a long term solution to the energy crisis - at least for the next 100 years... by which time there will be plenty of new technologies. environmentally, this just blows natural gas right off the map. this is a place we should be spending money, and a lot more the $5 million.
Still Too Much Uncertainty At SandRidge [View article]
finally, we are developing some certainty about sandridge. tpg is cutting the fat and trimming the payroll of overcompensated employees. expect an exodus of these people in the next few months. in the meantime, i wait anxiously for the most grossly overcompensated employee to be fired. that's gonna be a day i celebrate :). thank you, dinakar singh ....
Still Too Much Uncertainty At SandRidge [View article]
i bought into sandridge for the liquidation by tpg. so i am in far better than someone who bought 2 years ago because ward was so knowledgeable as a ceo (is that you? what price are you in at? ).
that ward is in the position he's in is just his own fault for being both greedy and stupid. but even more gullible were the people who trusted ward with their hard earned money.
ward sucks so badly that i could have taken the same money in an ipo and knowing squat about the business myself - done much better. most readers here could do much better than ward. it's simply pitiful how sorry he's done his job. anyone who bought the stock in the ipo or invested in the sandridge "trusts"... has been screwed. i'm sure they'd love to undo that decision.
if you don't have enough sense to understand why you need an ethical ceo (and it seems to be zooming right over your head), there's just no point in continuing this conversation.
and yes, price does matter. in the end, it's the only thing that matters.
U.S. LNG Exports - No Cause For Alarm [View article]
why does one exclude the other? at a profitable price, we can produce plenty of natural gas for both export and domestic use. that's just how well positioned we are now - and no thanks to governement "help".
Still Too Much Uncertainty At SandRidge [View article]
do you ever look at stock prices? again, if ward is so brilliant, he'd be able to show the shareholders significant value, rather than a company that is in the bottom 1% of all stocks in the russell 1000. rather than a company with three times the overhead of peers. rather than a 30 milllion liability this year alone on the west texas overthrust (the occidental contract - wonderful stupidity). aren't you happy to be in a 30 year contract with this?
sandridge's stock price is also tanked because people just don't trust ward. even you, who supports him, find him unethical. i prefer not to trust my hard earned money with an unethical ceo. and for the pay of that position, shouldn't a ceo be doing a vastly better job than ward? look around in the industry. who has done worse that isn't in jail?
so if watsa did none of the things i discussed earlier (he can still do them), then it's just lip service. if he really thought tom ward was the be all end all in the energy business, he could sure do a lot more than he's done.
ward will keep going in the same direction he's been going until sandridge is totally run in the ground, except he'll profit immensely from things like front running the company. aside from the 80% losses he's made for people who invested in the ipo, ask the people who initially invested in the sandridge trusts how they feel about mr. ward. you see, tom ward and the word trust don't belong in the same sentence when you're talking about your money.
tom ward sucks and he needs to go before sandridge can capitalize on salvaging value with tpg's guidance. this is, as dinakar singh said "a ceo that doesn't care about shareholders". i find it hilarious that watsa won't contradict that statement, because the evidence shows that it's true.
a ceo that doesn't care about shareholders is a ceo that's unfit for the job. i'd suggest that you can find a way to give tom ward your money after he's gone from sandridge - and i think you should invest in the next "trust" ward is involved in. good luck with that.
Arch Coal: The Leer Mine May Generate Over $225 Million In EBITDA [View article]
i would say absent any big macro slowdown, aci is poised to preform wonderfully well in the next couple of years. the thermal coal segment will preform very well with natural gas increasing. if this adds together properly, arch could easily double.
Coal Faces Tremendous Long-Term Problems [View article]
arch would appear to be well positioned for a takeout.
In a show of hands, 29 Cypriot lawmakers vote for the controversial EU bailout, 27 vote against. The deal is thus approved. (CyprusMail, AP) [View news story]
Coal Faces Tremendous Long-Term Problems [View article]
Coal Faces Tremendous Long-Term Problems [View article]
Coal Faces Tremendous Long-Term Problems [View article]
coal is about to be much more favorable from a cost perspective.
Coal Faces Tremendous Long-Term Problems [View article]
Coal Faces Tremendous Long-Term Problems [View article]
i think they banned him for other reasons. he was certainly very entertaining though.
returning to this article - excellent and food for thought.
Coal Faces Tremendous Long-Term Problems [View article]
Coal Faces Tremendous Long-Term Problems [View article]
Still Too Much Uncertainty At SandRidge [View article]
Still Too Much Uncertainty At SandRidge [View article]
that ward is in the position he's in is just his own fault for being both greedy and stupid. but even more gullible were the people who trusted ward with their hard earned money.
ward sucks so badly that i could have taken the same money in an ipo and knowing squat about the business myself - done much better. most readers here could do much better than ward. it's simply pitiful how sorry he's done his job. anyone who bought the stock in the ipo or invested in the sandridge "trusts"... has been screwed. i'm sure they'd love to undo that decision.
if you don't have enough sense to understand why you need an ethical ceo (and it seems to be zooming right over your head), there's just no point in continuing this conversation.
and yes, price does matter. in the end, it's the only thing that matters.
U.S. LNG Exports - No Cause For Alarm [View article]
Still Too Much Uncertainty At SandRidge [View article]
sandridge's stock price is also tanked because people just don't trust ward. even you, who supports him, find him unethical. i prefer not to trust my hard earned money with an unethical ceo. and for the pay of that position, shouldn't a ceo be doing a vastly better job than ward? look around in the industry. who has done worse that isn't in jail?
so if watsa did none of the things i discussed earlier (he can still do them), then it's just lip service. if he really thought tom ward was the be all end all in the energy business, he could sure do a lot more than he's done.
ward will keep going in the same direction he's been going until sandridge is totally run in the ground, except he'll profit immensely from things like front running the company. aside from the 80% losses he's made for people who invested in the ipo, ask the people who initially invested in the sandridge trusts how they feel about mr. ward. you see, tom ward and the word trust don't belong in the same sentence when you're talking about your money.
tom ward sucks and he needs to go before sandridge can capitalize on salvaging value with tpg's guidance. this is, as dinakar singh said "a ceo that doesn't care about shareholders". i find it hilarious that watsa won't contradict that statement, because the evidence shows that it's true.
a ceo that doesn't care about shareholders is a ceo that's unfit for the job. i'd suggest that you can find a way to give tom ward your money after he's gone from sandridge - and i think you should invest in the next "trust" ward is involved in. good luck with that.
Arch Coal: The Leer Mine May Generate Over $225 Million In EBITDA [View article]
Arch Coal (NYSE:ACI) Announces Quarterly Dividend [View article]