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  • You Reap What You Sow  [View article]
    "Once FPI closes the two above-named deals, the company should have debt of around $240 million, $117 in preferred, and most of its cash should be invested."

    Market cap here is $127 million. Looks like a highly leveraged way to play farm land. No thanks.
    Feb 5, 2016. 08:07 AM | 5 Likes Like |Link to Comment
  • Fed: Business lending standards tighten for 2nd straight quarter  [View news story]
    For the dollar to weaken, some other currencies have to strengthen. Presumably that would be some countries that have their economic house in order. That would be..... Help me here I am drawing a blank.
    Feb 4, 2016. 10:24 AM | 3 Likes Like |Link to Comment
  • The New Seeking Alpha  [View article]
    Site is much quicker and more responsive for me. I Give it an A+.
    Feb 1, 2016. 09:35 AM | 1 Like Like |Link to Comment
  • LA Times: California to probe whether Exxon lied about climate change risks  [View news story]
    The Inquisition begins. Burn the heretics!
    Jan 20, 2016. 12:30 PM | 5 Likes Like |Link to Comment
  • Evercore: More "blood" for energy lenders as Associated Banc-Corp warns  [View news story]
    Here is the message: If banks are anticipating losses on first lien loans, that is not good for the bond and equity holders!
    Jan 11, 2016. 04:24 PM | 1 Like Like |Link to Comment
  • Chesapeake Energy: What To Expect In 2016  [View article]
    phillies 2008 --

    For CHK debt, go to this site and scroll down to the bonds and their maturity.
    http://bit.ly/1I6whia
    Jan 6, 2016. 12:22 PM | 1 Like Like |Link to Comment
  • Chesapeake Energy: What To Expect In 2016  [View article]
    According to Morningstar, CHK has $676 million in bonds due in the next 2 months. $200 million 6.875% bonds due January 15, and $476 million 3.25% bonds due March 15.

    So there goes about half or more of the 2016 cash flow at current prices. That is before any expenditure to maintain production. Longs may need full blown mid-east war; and even that may not help NG prices.

    I have no position in CHK, but find the situation fascinating to follow.
    Jan 6, 2016. 11:26 AM | 2 Likes Like |Link to Comment
  • Oil: Could Have Been $200 In 2008; Might Reach $20 In 2016  [View article]
    I see a lot of investors, including me, hunkering down in the quality names, (XOM, CVX). When the turn comes, most likely these safe ones will underperform. The home runs will be in the companies that just barely survive. But I think it is too soon to make that call.
    Jan 5, 2016. 09:44 AM | Likes Like |Link to Comment
  • An Examination Of The Merits Of Investing In Cousins Properties Inc In 2016  [View article]
    I am a long term CUZ investor. I believe they got hurt in 2008 because of too much debt. They have really turned that around, and are now low debt compared to peers.
    They are also now much more focused (on class A office), divesting things like strip malls, raw land, and industrial properties.

    Perhaps the take a little hit on their valuation because they always have a few properties in development -- lease-up risk, etc. Generally these are near college campus apartment/retail buildings in a 50-50 joint venture with an apartment REIT. They will be building the new NCR corporate headquarters in Atlanta.

    I agree the company is surprisingly under-covered in the media. Something like 98-99% of the shareholder base is institutional, so not much info out there for individual investors. Some notable institutional investors like Fidelity have been strongly overweight the company.

    Buy out is a possibility, especially by an REIT looking to expand into the sunbelt.
    Jan 2, 2016. 11:12 AM | Likes Like |Link to Comment
  • You Don't Have To Be Smarter Than A 5th Grader To Know Cheniere Energy Is A Buy  [View article]
    Lots of LNG capacity coming on line in the next year or two, not sure it all has place to go.

    Data point #2: Lots of fifth grade investors were buy oil stocks last year when the price was $100.
    Dec 30, 2015. 11:28 AM | 2 Likes Like |Link to Comment
  • Exxon Looks Less Attractive Following Paris Agreement  [View article]
    Who will buy XOM shares 10 years from now? Just like now, XOM will be buying itself!
    Dec 23, 2015. 09:34 AM | 3 Likes Like |Link to Comment
  • Reuters: Chesapeake Energy debt swap offer "fails miserably"  [View news story]
    It just had to drill the bond holders.
    Dec 18, 2015. 04:46 PM | 4 Likes Like |Link to Comment
  • ConocoPhillips: A Closer Look At The 2016 Outlook  [View article]
    At a 6% yield the market is starting to price in the risk of a dividend cut. I am currently out of COP, but look to get back in after a dividend cut.
    Dec 17, 2015. 10:34 AM | 1 Like Like |Link to Comment
  • Chevron Has A Lot Of Downside  [View article]
    My concern is that LNG prices may not be good for the Gorgon and Wheatstone projects coming on line. Balance sheet is probably going to take some hits in the next several quarters. They may not be as strong as they would like to be for acquiring cheap assets next year.

    Long CVX but have lightened up.
    Dec 15, 2015. 02:10 PM | 8 Likes Like |Link to Comment
  • Owning Stocks Today 6% Annualized Is A Realistic Long-Term Expectation  [View instapost]
    I always appreciate your analytic articles, as opposed to the opinion only ones.
    Dec 14, 2015. 09:24 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
249 Comments
571 Likes