Seeking Alpha

papayamon

papayamon
Send Message
View as an RSS Feed
View papayamon's Comments BY TICKER:
Latest  |  Highest rated
  • Jim Cramer Sells Linn Energy, Tells Investors To Buy Kinder Morgan [View article]
    I look at LNCO this way: If it paid an 80% of current dividend, kept 20% for asset development - people would say *wow* what a great value! Plenty of distribution coverage. LINE/LNCO's problem is that it has over promised on the dividend and people are unhappy unless they get a raise in dividends. heck, KMI is only paying 5% AFTER the big selldown. LINE/LNCO's dividend easily justifies the price today, even if they cut it 20%.

    Give them a couple of quarters to fully integrate their recent purchase, let them start to develop the Midland Basin, and we are going to be in the mid to high 30's with no problem. All while you collect almost 10% based on today's selling price.

    This is a deal. Sentiment is bad, it will change. My only regret is that I'm so heavily invested I couldn't buy more than 400 shares today.
    Mar 13, 2014. 10:58 PM | 1 Like Like |Link to Comment
  • Jim Cramer Sells Linn Energy, Tells Investors To Buy Kinder Morgan [View article]
    Let's say LNCO can only maintain current distributions - maybe any growth is 2 years out. What value does that support? How much down can be left here? I bought today near the bottom with trading money. Going to hold for 1 dividend and then sell for a profit. (this has no effect on my other LNCO holdings - which I am just going to hold). We have seen the bottom folks!
    Mar 13, 2014. 11:10 AM | 2 Likes Like |Link to Comment
  • EXCO Resources: Why We Are No Longer Bulls [View article]
    No doubt Wilbur was early. I still think we've got at least 6.50 in value there - should we get a change in sentiment - which I think is coming. I trade a lot of shares for a few cents, so this has been a good investment for me thus far. Even if it meanders in this range, that's fine with me. I will harvest. If it drops to $4, I'll be hurting.
    Mar 13, 2014. 10:39 AM | Likes Like |Link to Comment
  • Why Prem Watsa Of Fairfax Financial Put 15% Of His Portfolio Into SandRidge Energy [View article]
    You could be an awesome guy. I don't doubt that for a minute. But before I'd release an article, I'd read extensively and examine the history before hand to be sure it doesn't contradict my conclusions.

    1. Watsa had his position long before Bennett was even though of for the position of CEO. Did you even know about the firing of Ward, Watsa's support of Ward, the proxy fight, etc? You put something out like this that shows you are clueless, expect to get torn up in the comments.

    2. Big inside ownership was Ward's, who is now an outsider. He sold much of his position in an apparent fit of rage after he was unceremoniously canned for the horrible job he did as a CEO. His record was simply pathetic and an embarrassment for the capitalist system. It was, however, the perfect blueprint for taking advantage of shareholders by siphoning off assets.

    You can certainly argue (albeit weakly) that production MIGHT be underestimated. We will have to see sustained improved production. I am in full agreement that James Bennett is an outstanding CEO given the complete disaster he inherited from Ward. Yes, he is efficient at allocating capital. I think he has a great career ahead of him after his time at Sandridge.

    The monkey/typewriter thing was a joke. Everyone knows monkeys don't use typewriters. They use touchscreen computers.

    I'm not suggesting you quit writing SA articles. I'm suggesting you at least study up on the history of the company before drawing unfounded conclusions.

    It takes one bad misstep to destroy the credibility of an article. You want to see a very good article? Read everything Richard Zeits posts. Now those are good articles steeped in fact. You may disagree with what he says, but the writing style is very tight and he doesn't commit big gaffes.

    Good luck on your future financial writing(s).
    Mar 13, 2014. 08:36 AM | 1 Like Like |Link to Comment
  • Jim Cramer Sells Linn Energy, Tells Investors To Buy Kinder Morgan [View article]
    That's what makes Cramer (and Zack's) so worthless. Things go from a strong buy, you buy... then the price drops and it's suddenly a sell. It's an incoherent investment strategy.

    I really like KMI, I would like to add. It doesn't matter if the producers of natural gas make or lose. KMI makes on volume - sure to grow dramatically. Not to mention that it's WAY undervalued now.
    Mar 13, 2014. 07:47 AM | 14 Likes Like |Link to Comment
  • Jim Cramer Sells Linn Energy, Tells Investors To Buy Kinder Morgan [View article]
    I do have to add that I am accumulating KMI. I avoid the mlp headaches like the plague.
    Mar 13, 2014. 07:42 AM | 8 Likes Like |Link to Comment
  • Jim Cramer Sells Linn Energy, Tells Investors To Buy Kinder Morgan [View article]
    I am adding to LNCO today. If the drops keep coming, I'll keep buying.
    Mar 13, 2014. 07:42 AM | 15 Likes Like |Link to Comment
  • Why Prem Watsa Of Fairfax Financial Put 15% Of His Portfolio Into SandRidge Energy [View article]
    Then why buddy up to and publicly support the likes of Tom Ward as a great CEO? Are you saying that Watsa is astute enough to trade in and out of SD (as though he knew a lot more than the other large funds), but has no idea that Ward is so unethically ripping off the shareholders?

    Have you really examined Ward's record and their relationship?
    Mar 13, 2014. 05:24 AM | Likes Like |Link to Comment
  • Why Prem Watsa Of Fairfax Financial Put 15% Of His Portfolio Into SandRidge Energy [View article]
    I think it will take all of those - or they could start drilling much better wells.
    Mar 12, 2014. 11:08 PM | 2 Likes Like |Link to Comment
  • Why Prem Watsa Of Fairfax Financial Put 15% Of His Portfolio Into SandRidge Energy [View article]
    You've got to be kidding. Watsa praised Ward endlessly. Nice if you are getting the inside scoop, I suppose.
    Mar 12, 2014. 11:07 PM | 2 Likes Like |Link to Comment
  • Why Prem Watsa Of Fairfax Financial Put 15% Of His Portfolio Into SandRidge Energy [View article]
    I would have to agree with your points here. In all honesty, it is extremely hard for me to respect Prem Watsa for having such a tight relationship with Ward while it was blatantly obvious that Ward was taking outrageous advantage of shareholders. I would also find it more than a bit suspicious that Watsa timed his trades so perfectly. It strikes me as absolute pond scum behavior on the part of Watsa. I guess if you come out ahead, to heck with all the commons who invested their hard earned dollars with Ward. Watsa isn't fit to sit at the same table with Dinakar Singh.

    This article was obviously thrown together to get an article on SeekingAlfalfa, which has been doing a very poor job of any critical editing.

    I would lay odds that I could have a monkey bang keys for an hour, stick a title on it, and .... yep, they'd print it. It's really a shame that they'd put articles like this next to an article like one Richard Zeits would write.
    Mar 12, 2014. 11:04 PM | 2 Likes Like |Link to Comment
  • Fannie Mae: What To Do After Yesterday's Plunge [View article]
    If this is the case (shares worth nothing on dissolution), why would the government not have taken over when they "saved" fannie and freddie? why would they have allowed worthless stock to be traded? makes no sense.

    of course, it's like obamacare. no one thought of the 50 zillion problems this poses.
    Mar 12, 2014. 10:33 PM | 1 Like Like |Link to Comment
  • Fannie Mae: What To Do After Yesterday's Plunge [View article]
    That may be true, but what do the commons have to look forward to then? If everything is swept, what will ever be left for the commons?
    Mar 12, 2014. 07:41 PM | Likes Like |Link to Comment
  • Fannie Mae: What To Do After Yesterday's Plunge [View article]
    I bought 1000 shares today. If I lose it, it's only 3,540. Should I win, I'll be saying "wish I'd bought more". A decent gamble for my net worth. Not to mention that I made $900 trading it as well :). Tomorrow is a new day!
    Mar 12, 2014. 06:41 PM | 1 Like Like |Link to Comment
  • EXCO Resources: The Slog Continues. Next Stop Dividend Elimination [View article]
    I have been able to trade down now very close to $5. Hasn't been a stock for the faint of heart, for sure. I don't think they get a buyout done for less than $8. Maybe that's a pipe dream but at least I get a little dividend to wait.

    I don't see how they drill the for much oil with the folks they have now. Surely they will bring aboard more expertise when they drill for oil with the property bought from CHK. That asset is far to valuable to have dry gas guys drilling it. All smells like a buyout to me, but then again I don't get to sit in on board meetings behind closed doors.
    Mar 12, 2014. 11:31 AM | Likes Like |Link to Comment
COMMENTS STATS
1,195 Comments
1,530 Likes