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losbronces

losbronces
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  • YPF says oil workers strike will cost $12M, hurt production [View news story]
    Neuquen is also home to Bodega Fin del Mundo. Producing nice malbec and cabernet sauvignon wines.
    Jul 24 03:15 PM | Likes Like |Link to Comment
  • Breitburn Energy to acquire QR Energy in $3B deal [View news story]
    This happens every time when there is a merger or buyout. These law firms specialize in attempting to extract a bit of money from these activities.

    The main claim will be that QRE management didn't get the best possible price for the shareholders.
    Jul 24 01:37 PM | 1 Like Like |Link to Comment
  • Breitburn Energy to acquire QR Energy in $3B deal [View news story]
    Its an all-stock deal. So what you will receive for your (NYSE:QRE) units is 0.9856 unit of (NASDAQ:BBEP) per each QRE unit. So who knows what that will be worth when it finally closes and if it closes.

    Even if it was an all-cash deal, you wouldn't see $22.48 today due to the risk associated with the deal closing and the time value of money. You sometimes see higher prices on announcements like this when it is assumed that other bidders will come in. I'm not seeing that here.

    I honestly don't see a good arbitrage play here. No cash in the deal and BBEP results last Q were not good imo. 
    Jul 24 10:40 AM | Likes Like |Link to Comment
  • Breitburn Energy to acquire QR Energy in $3B deal [View news story]
    (NYSE:LRE) is definitely a smaller bite for someone, its only 27% the size of (NASDAQ:LGCY) based on market cap.
    Jul 24 10:08 AM | 1 Like Like |Link to Comment
  • Breitburn Energy to acquire QR Energy in $3B deal [View news story]
    Its also an all-stock deal. So the actual value will depend on the price of (NASDAQ:BBEP) when the deal closes. BBEP is headed down on this news.

    Probably won't close until Q1 2015. Although timing is mitigated by the fact that (NYSE:QRE) should continue with its monthly distributions--but that needs to be verified.
    Jul 24 09:54 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Tax Inversions, Tech Partnerships, New Development Bank [View article]
    The real problem is that complex tax codes benefit certain professions (legal and accounting). Those professions are well-represented as members of the congress. And as you point out, the tax code is something that Congress uses to reward and/or punish various groups that are then driven to make campaign contributions. I don't expect to see any significant tax reform.
    Jul 16 09:02 AM | 9 Likes Like |Link to Comment
  • Column: Jeff Immelt is the American Canada needs to lead oil sands clean-up [View news story]
    Thats the same financial group (ie., GE Capital) that was used to such great effect to show increased earnings quarter after quarter when Jack Welch was CEO. You can't have it both ways.

    And GE Capital received at least $139 billion in bailout money. So its not like Immelt worked his way out of the problem.
    Jul 12 11:35 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Tech Trade Agreement, Afghani Elections, Chinese Investment [View article]
    Chinese solar panels are not banned. They are subject to a tariff however. This is not the same thing as you could still import them, just at a higher cost.
    Jul 7 01:03 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: European Investment, Failed Iraqi Election, Argentina On Watch [View article]
    Very good. ISIL=Islamic State of Iraq and the Levant; ISIS=Islamic State of Iraq and Syria. Depends on who is doing the translation.
    Jul 2 02:30 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: European Investment, Failed Iraqi Election, Argentina On Watch [View article]
    I was thinking the same thing. An actual band aid fix.
    Jul 2 09:14 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: European Investment, Failed Iraqi Election, Argentina On Watch [View article]
    Actually, Jordan now has a big problem with Syrian refugees. They have come into Jordan and many have set up their own businesses. They are not playing well with the Jordanians. If Jordan doesn't blow up this summer, it will blow up next year.

    ISIL would like to incorporate Jordan into a new Sunni Arab Caliphate (along with northern Iraq and Syria). I don't think that will be allowed to happen, but it does mean the blood shed is nowhere near finished. And the US & Europe need to be very careful about who they are arming.
    Jul 2 09:13 AM | 8 Likes Like |Link to Comment
  • Equity CEFs: The Rights Way To Play CEFs [View article]
    FYI, the rights offering symbol is GRXr if you use Scottrade and GRX/RT if you use Schwab.
    Jul 1 02:15 PM | 1 Like Like |Link to Comment
  • Seadrill EPS of $6.23 [View news story]
    Current position was established at $35.37 average. Already collected a dividend of $0.98 and sold $36 July calls for $1.23. I'll likely be called prior to contract expiration on June 10 because I won't buy back calls at a loss; and I assume the contract owners will grab the dividend as long as the price stays above $36, which looks likely.
    May 28 03:13 PM | 2 Likes Like |Link to Comment
  • Seadrill EPS of $6.23 [View news story]
    So that you can buy in the mid-$20 range as you've stated?
    May 28 12:44 PM | Likes Like |Link to Comment
  • Seadrill: A Long-Term Investment Opportunity In A High-Yielding Stock [View article]
    They are down on them while they accumulate them. They will be high on them while they are selling them. Thats the way it works imo.
    May 21 12:38 PM | 5 Likes Like |Link to Comment
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