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losbronces

losbronces
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  • PVR Partners LP (PVR) Management Discusses Q2 2013 Results - Earnings Call Transcript [View article]
    I liked what I heard here and I bought some shares at $26 today.
    Jul 25, 2013. 06:37 PM | Likes Like |Link to Comment
  • Zynga (ZNGA): Q2 EPS of -$0.01 beats by $0.03. Revenue of $188M beats by $2.5M. Shares +3.7% AH. (PR[View news story]
    They also announced they won't pursue a license for "for real money gaming in the U.S." That had to be a disappointment for some shareholders too.
    Jul 25, 2013. 04:39 PM | 1 Like Like |Link to Comment
  • Zynga (ZNGA): Q2 EPS of -$0.01 beats by $0.03. Revenue of $188M beats by $2.5M. Shares +3.7% AH. (PR[View news story]
    I'm seeing it down to 3.24 afterhours.
    Jul 25, 2013. 04:19 PM | Likes Like |Link to Comment
  • IPO Preview: Phillips 66 Partners LP [View article]
    Already pushing hard on $30/unit. It will be interesting to see what they do with the windfall cash from the IPO.
    Jul 23, 2013. 12:31 PM | Likes Like |Link to Comment
  • Is CVR Refining's 22% Yield Too Good To Be True? [View article]
    I'm not advising everyone to do that (and if you look at Buffett, his advice on indexing is directed to a specific group) and thats not what I do (obviously).

    But really it is the best for some--it takes the emotion out. And yes some of the readers here would be better served going that way.
    Jul 19, 2013. 07:23 AM | Likes Like |Link to Comment
  • Is CVR Refining's 22% Yield Too Good To Be True? [View article]
    In my opinion, this is not for a "small fry" investor. Look to low-cost index funds as recommended by John Bogle, Warren Buffet (http://bit.ly/11pvFix), Ben Stein, etc...
    Jul 18, 2013. 05:33 PM | Likes Like |Link to Comment
  • Is CVR Refining's 22% Yield Too Good To Be True? [View article]
    Earnings will be down. I have no doubts about that.
    Jul 18, 2013. 04:59 PM | Likes Like |Link to Comment
  • FCC Approval Of Merger Of Wireless Assets Is A Game Changer For Alaska Communications [View article]
    I agree, there is something odd here. The approval is a material event. Why no fanfare?
    Jul 18, 2013. 04:50 PM | Likes Like |Link to Comment
  • Is CVR Refining's 22% Yield Too Good To Be True? [View article]
    Here is CVRR's response to the new EPA requirements: http://bit.ly/15qb3DM. They indicate minimal capital will be required to comply.

    The distributions will vary from quarter to quarter depending on the refining margin. That has been clearly stated in the prospectus, so no you cannot count on the same distribution every quarter. But at least they won't be borrowing money to try and maintain a fixed distribution. So imo they won't wreck the business to maintain a distribution.

    If feed-stock oil prices drop, margins tend to increase. Oil prices are high now, but do you expect that trend to continue? If you do, you should stay away. However, if you use diesel or gasoline, I think having a refiner that pays flow-through distributions is not a bad thing.

    And yes you will receive a K-1 instead of a 1099, so taxes will be more difficult to calculate. I know that will keep many from considering this an investment no matter what the returns might be.

    I'm in, and I've sold OTM calls too. Part of any investment is how you manage it.

    YMMV...
    Jul 18, 2013. 04:08 PM | 11 Likes Like |Link to Comment
  • Chevron (CVX) strikes a deal with Argentine oil/gas producer YPF to develop shale oil/gas assets in Argentina's Vaca Muerta formation. The companies will invest $1.24B in the project's first phase, which will include drilling 100 wells. Chevron says the deal gives it a chance to grow production beyond its 2017 target of 3.3M barrels/day. [View news story]
    Janfa, that is exactly correct. Cristina Fernandez is following the Chavista model. Get people to come and build and then take it away.

    Look at recent history in Venezuela, Bolivia and Argentina and you will see what is happening.
    Jul 17, 2013. 08:20 AM | Likes Like |Link to Comment
  • Chevron (CVX) strikes a deal with Argentine oil/gas producer YPF to develop shale oil/gas assets in Argentina's Vaca Muerta formation. The companies will invest $1.24B in the project's first phase, which will include drilling 100 wells. Chevron says the deal gives it a chance to grow production beyond its 2017 target of 3.3M barrels/day. [View news story]
    So this Argentinian court decision: http://bit.ly/10Z0YxQ# clears the way for Chevron to invest in Argentina.

    Maybe they forgot what happened to Repsol (recent status: http://reut.rs/10Z0YxR)?
    Jul 16, 2013. 07:05 PM | Likes Like |Link to Comment
  • BP ekes out a gain in a red energy sector after inking a production-sharing deal with CNOOC (CEO) to develop a deepwater block in the South China Sea. Foreign companies may only participate in exploration and production in China using these so-called PSC deals and aren't allowed to own more than 49% of the project. BP may have greased this deal by selling its stake in the Yacheng gas field last last year. For CNOOC's part, it should improve its deepwater expertise by hooking up with BP. [View news story]
    BTE, STO both up 1% today.
    Jul 16, 2013. 01:29 PM | Likes Like |Link to Comment
  • Barron's takes another shot at high-flying MercadoLibre (MELI), noting the company's results are juiced by the use of vastly-inflated official exchange rates to measure revenues from Venezuela and Argentina. The Latin American Amazon could fall more than 50% as these currency issues are recognized, says Mark Robers of Off Wall Street Consulting. Bulls counter that currency devaluation won't hit underlying growth and would also benefit operating expenses. [View news story]
    Has Barron's considered that if they use unofficial rates based on illegal currency exchanges for reporting; then they might be subject to legal problems in Argentina?

    Anyway, I doubt that those "unofficial" rates are published by anyone for the purpose of verification. In Argentina, that would be a criminal offense.

    Maybe its better for them to not be barred from doing business in Venezuela and/or Argentina.
    Jul 13, 2013. 12:41 PM | Likes Like |Link to Comment
  • Copa Holdings: Uniquely Positioned Panamanian Airliner Priced For 50% Gains [View article]
    Presidential elections in Panama next year. Don't think the rest of South American politics will have any impact on Copa.
    Jul 12, 2013. 08:05 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    They need to go after the scrap dealers. I heard a radio add in Las Vegas that was basically inviting people to bring their stolen copper to a particular dealer--absolutely disgusting.
    Jul 11, 2013. 10:54 AM | Likes Like |Link to Comment
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