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papayamon

papayamon
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  • 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 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 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 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 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 11:18 AM | 1 Like 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 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 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 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 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 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 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 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 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 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 11:08 PM | 2 Likes Like |Link to Comment
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