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  • Can Russia Cause A Run On U.S. Debt? [View article]
    Good article. Russia is in fact going to be the one shelling out to support Crimea - it needs huge subsidies and it won't come cheap.

    Aside from all this, I support the right of the Crimean people to have autonomy. If they overwhelmingly want to join Russia, let them. This is much ado about nothing.
    Mar 19, 2014. 12:52 PM | 2 Likes Like |Link to Comment
  • Why Prem Watsa Of Fairfax Financial Put 15% Of His Portfolio Into SandRidge Energy [View article]
    Dude, in a changing market place, IT'S THE CEO'S JOB to steer the company to higher margin products. It's not like Ward was the first to think of this, and if he had any sense, he'd have acquired something other than the Miss Lime. He didn't even have enough sense to get the company positioned to be a low cost natural gas producer. Instead, SD is stuck with the WTO deal and paying OXY through the nose for penalties related to the Century Plant. Are you seriously saying for Ward's performance he deserved to be paid more than the CEO of Exxon? Because the company only went from $26 to $5, instead of losing everything?

    I actually had coffee come out my nose when I read your post. It made me laugh that hard.

    This is about a board of lackeys who tried to do everything possible to help Ward stay at SD until he bled it dry. It would already be crashed had Ward stayed on. No reasonable person could possibly think Ward was worth the money, the perks, the side deals, etc.. that he leached off the shareholders at SD. This is a great shame upon our capitalist system. The poison pill the board tried (overthrown by court) to put SD in a position of default should the bod be changed and Ward be fired was the ultimate in sleazy behavior. Watsa knew intimately well of the whole situation, yet voiced his support of his good buddy Tom Ward.

    I don't care what Watsa says at this point. It's what he already said and did that I am judging him on. He isn't worthy to lick the bottom of Dinakar Singh's shoe in my honest opinion.
    Mar 19, 2014. 12:24 PM | 1 Like Like |Link to Comment
  • Fannie Mae: What To Do After Yesterday's Plunge [View article]
    i dumped my shares at 4.18. saw that gain and figured... this can't last.
    Mar 18, 2014. 03:16 PM | 1 Like Like |Link to Comment
  • Putin moves towards annexing Crimea [View news story]
    Look at this realistically. The Crimeans are certainly Russians. They never were Ukranian. The organization into Ukraine is a holdover from the old Soviet Union days. Does anyone really doubt that that Crimeans overwhelmingly identify themselves as Russians? The entire thing is silliness. Let them join Russia. It isn't like an invasion of Ukraine - and painting it that way simply denies the historical and cultural context or Crimea.
    Mar 18, 2014. 07:44 AM | 1 Like Like |Link to Comment
  • SandRidge Mississippian Trust I - PV-10 Update Reveals 'Pig In A Poke' [View article]
    Unfortunately, it's been my experience that the only ones who get dollars out of these lawsuits are attorneys. The retail investor gets pennies - if anything at all.

    Ward was brilliant at one thing: using top dollar legal teams. I'm sure they've got all the I's dotted and the T's crossed.

    SD's current management is interested only in getting rid of any obligations to the trusts and they are going to do it the least expensive way they possibly can.

    I really hate to hear of investors lose so heavily. I can only imagine what it would be like to see what you worked so hard for disappear like this. My sympathies with you.
    Mar 18, 2014. 06:44 AM | 2 Likes Like |Link to Comment
  • Chesapeake files for possible spinoff of oilfield services [View news story]
    Long jan 2015 $22 options on chk. I suppose i would also get options on the new company as well, with a value pro-ration between?
    Mar 17, 2014. 10:32 PM | Likes Like |Link to Comment
  • SandRidge Mississippian Trust I - PV-10 Update Reveals 'Pig In A Poke' [View article]
    That's what you get when you "trust" Tom Ward's projections.
    Mar 17, 2014. 05:34 PM | 1 Like Like |Link to Comment
  • The Nuclear Option: Russia's Threat To Dump Treasuries [View article]
    Unfortunately, the problem with low productivity is more about a system that systematically rewards sloth and laziness than anything else. We go nowhere without entitlement reform.
    Mar 16, 2014. 05:42 PM | Likes Like |Link to Comment
  • Walter Energy -10.7%, seeks credit amendment to refinance term loan [View news story]
    WLT has very, very valuable deposits of top quality met coal. The big players know this. WLT will be a target for acquisition - not bankruptcy - should it come to that. And it well might. WLT worth 12-15 in a low ball buyout. Since it's at 9, it's a buy here. Amended credit facility will bring a bounce over $10.

    Met coal won't be this cheap forever.
    Mar 16, 2014. 05:07 PM | Likes Like |Link to Comment
  • My Best Idea For 2014 [View article]
    Alas, I am only talking general trading principles and that which has kept the skin still on my back. That everyone agrees and is already clapping each other on the back as though this is 100% sure has me wary. The high flyers that have had big run ups can get hammered down pretty hard when the market corrects. Understanding one "one thing" is the way to get yourself slaughtered.

    Not that I am opposed to a position in micron, per se. I just think it's expensive here (before earnings), especially given the uncertainty with Ukraine and China. Mark today's price $28.20. Timing is everything, and there is an art to that. I'll let you know when and if I decide to get in.

    This conversation is drifting well off the intent of this thread and this is my last comment here. Good luck to all longs, death and destruction to the shorts :).
    Mar 14, 2014. 11:18 AM | 2 Likes Like |Link to Comment
  • Jim Cramer Sells Linn Energy, Tells Investors To Buy Kinder Morgan [View article]
    Not to mention that Cramer is merely entertainment. If you rely on him, you get what you deserve and you deserve what you get.
    Mar 13, 2014. 11:00 PM | 1 Like Like |Link to Comment
  • 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