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papayamon

papayamon
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  • Swift Energy: Can Baker Street Capital Help Investors Out? [View article]
    Though unable to be effective, Baker Street's letter states the concerns of any shareholder ... i.e., the company is highly in debt and not hedged. You put this up for vote and who will vote for Terry Swift and the BOD? We need someone to lead a proxy fight.
    Nov 14, 2014. 08:08 AM | 1 Like Like |Link to Comment
  • Swift Energy: Can Baker Street Capital Help Investors Out? [View article]
    Since the CEO and the BOD really don't have much economic interests in the company, they want to stay exactly where they are, sucking up fat pay. It understates to say management has been reckless in regard to not hedging oil prices. Such is the case when management has economic interests that differ from the stockholders.

    Would the CEO and the BOD really hire themselves after their track record? You can bet they wouldn't, not if they were risking their hard earned money.

    So why are the shareholders stuck with them? The BOD and CEO should fire themselves and do the shareholders a favor. We can bet that won't happen.

    How to dislodge entrenched CEO and BOD? That will take a proxy fight. Someone will need to lead it.
    Nov 13, 2014. 10:21 AM | Likes Like |Link to Comment
  • Saudi Arabia Aims At U.S. Fracking Industry, Hits Its Own Foot [View article]
    This isn't sustainable. Yes, companies might break even in the 60's, but they aren't going to allocate capital to drill so they can break even. The answer here is in the behavior of the Chinese. They are buying oil hand over fist. Cheaper oil means more margin in their economy vs the producers. It's good for the Chinese, they know it and it will encourage development. In the US, people will see falling prices and have a few extra bucks to spend on other things. they'll spend those few extra bucks, which will also result in more driving. And so on.

    This is not equilibrium, because with only small investments in oil and gas, that surplus production will be sucked right down the straw. Then guess where we are? At much higher oil prices, I can assure you.

    The Saudis are breaking the rhythm of frackers. Otherwise, the pace of production was overwhelming their customary market share. It will work as it will decrease production. Another $5 drop and we'll see considerably more production cuts. The highly leveraged company is in big potential trouble in this environment.
    Nov 13, 2014. 06:14 AM | Likes Like |Link to Comment
  • Swift Energy to restate results [View news story]
    Investors can't be happy with Terry Swift on just about any level. Terrible performance.
    Nov 12, 2014. 06:34 PM | Likes Like |Link to Comment
  • Update: Linn Energy's Earnings Show The Partnership Is Benefiting From The Change In Strategy [View article]
    buying back in today. was able to duck the entire downdraft, made a few k swing trading. i see lnco in the 25's on the first bit of news that oil isn't going broke.
    Nov 7, 2014. 12:36 PM | 1 Like Like |Link to Comment
  • Bank Of America: An Investment That Cannot Lose, Maybe [View article]
    Regarded, so glad you have come over to the dark side! Now if old nufnuf would buy some shares and join the team ....
    Nov 6, 2014. 08:54 AM | 8 Likes Like |Link to Comment
  • Alpha Natural Resources - Time To Leave The Ship [View article]
    i guess it wasn't quite time to leave the ship, huh? it was time to load up in the 1.90's
    Nov 5, 2014. 03:06 PM | 1 Like Like |Link to Comment
  • Peak What? Dancing With The Devil [View article]
    The nature of the market is extreme swings. Now is the time to add to lower cost of production, undervalued oil companies like SFY ( valuable acreage in the Eagle Ford). Expect an acquisition here. Only take moderate size bites. We could see $75 oil soon, though it won't stay that low for long.
    Nov 4, 2014. 01:56 AM | 2 Likes Like |Link to Comment
  • Alpha Natural Resources - Time To Leave The Ship [View article]
    And they wonder why SA got kicked off Yahoo Finance? With articles like these, how can SA be taken seriously?
    Nov 4, 2014. 01:00 AM | Likes Like |Link to Comment
  • Alpha Natural Resources - Time To Leave The Ship [View article]
    Fernando, this article just restates the glaringly obvious that's been beat to death about a zillion times. Coal prices are too low for companies to survive in the long term if they are up to their eyeballs in debt. So what's the incremental value of this piece? The stock is already priced like an option. it's high risk. Everyone knows it. WLT, ANR, ACI are all in the same boat. At these prices, they could have a significant rally if expectations simply change. Let's say Europe does QE, the republicans win the Senate.. ANR will bounce to at least 2.50. So it's not necessarily a bad investment, even if the fundamentals are terrible. Is that going to happen? I don't know. It's a gamble but when a stock hits this price range, there are many factors that can create a significant % change in value. A company might get acquired because the market cap is just so low, for example.

    Let's say ANR was at 10 and you are writing an article saying that coal equities are going to be crushed and ANR is going to $2. That has a lot more value if you're right.

    Now, let's say you want to discuss a stocks long term prospects in the coal industry... then do an article about BTU, for example. Otherwise, this is just fluff because the horse has been let out of the barn a long time ago.
    Nov 3, 2014. 10:33 PM | Likes Like |Link to Comment
  • Alpha Natural Resources - Time To Leave The Ship [View article]
    timing is everything :).
    Nov 3, 2014. 12:33 PM | 2 Likes Like |Link to Comment
  • Gulf Arab states face cutbacks on oil price drop [View news story]
    low oil prices begat political instability, which raises oil prices.
    Oct 26, 2014. 07:56 AM | 1 Like Like |Link to Comment
  • Baker Street reports 9.99% stake in Swift Energy, says shares worth $15 [View news story]
    That was about the quickest up and down I've seen in a long time. It shows shorts are totally in control here. There best ally here is none other than inept management.
    Oct 21, 2014. 10:33 PM | Likes Like |Link to Comment
  • Baker Street reports 9.99% stake in Swift Energy, says shares worth $15 [View news story]
    Let's put it a little more directly: We need to have a proxy fight to fire Terry Swift and replace the BOD. This has been horrifically mismanaged and we basically have an inept CEO and a board who rubber stamps whatever he wants to do - and the only economic interest they have is to keep their current positions, because none of them really has an investment here - it's just easy money. I am hoping for an outright sale of the company. This management team has had more than enough opportunity to prove themselves. One can only look at their track record and call it what it is... a failure. Let's get this in the hands of someone who knows what to do with these assets. Otherwise, we will sit around and watch this company get wasted to the point where they have to fire sale assets. Nothing less than a full replacement of this management team and BOD can save this company. This being the case, why not sell it? The sooner, the better.
    Oct 21, 2014. 10:29 PM | Likes Like |Link to Comment
  • Fannie Mae Privileged Info Could Threaten Financial Markets: Sweeney [View article]
    Yes, but the cycle of theft isn't complete. Obama needs to obtain more monies for his constituency. This is nothing more than a transfer from the middle class to the welfare crowd.
    Oct 17, 2014. 02:02 PM | 3 Likes Like |Link to Comment
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