Tom in Texas

Tom in Texas
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  • 5 Oil Stocks That Could Revisit October Market Lows  [View article]
    Typo:
    "Current share price: $8.49
    The 52 week range is $2.43 to $7.70"

    Long KOG, AXAS, and CVX.
    May 4, 2012. 10:09 PM | 1 Like Like |Link to Comment
  • Maybe another canary in the coalmine for housing is Mohawk Industries (MHK +6.2%), the maker of floor-covering products soaring after strong earnings. Price increases are a theme of the earnings report - both last quarter and for the guidance: "We anticipate continued sales growth and improving margins." (PR)   [View news story]
    Mohawk, not Mohwak
    May 4, 2012. 12:50 PM | 1 Like Like |Link to Comment
  • Kodiak Ready To Soar Above $10 In 2013  [View article]
    Oil down 4.37
    KOG unchanged. Doesn't look like we get an opportunity to buy under 8.
    May 4, 2012. 12:30 PM | Likes Like |Link to Comment
  • Kodiak Ready To Soar Above $10 In 2013  [View article]
    "The net income calculation for the first quarter 2012 includes an unrealized loss of $18.6 million related to the mark-to-market of derivative instruments used for commodity hedging. This non-cash loss decreased Kodiak's reported net income for the first quarter 2012 by $0.07 per basic and diluted share."
    May 3, 2012. 05:55 PM | 2 Likes Like |Link to Comment
  • 5 Dirt Cheap Energy Buys With Significant Upside: 4 To Buy, 1 To Avoid  [View article]
    Oh, and thanks for the well done article.
    I believe NS is a spin-off of VLO.
    May 1, 2012. 08:26 PM | Likes Like |Link to Comment
  • 5 Dirt Cheap Energy Buys With Significant Upside: 4 To Buy, 1 To Avoid  [View article]
    I'm also from San Antonio and my home-town favorites are AXAS and NS. I'm watching SD and should have bought when it was under 7.
    May 1, 2012. 08:24 PM | Likes Like |Link to Comment
  • Dividend Stock Ideas: 2 Buys, 3 Holds  [View article]
    Last sentence should read "an increase in OIL production..."

    BTW, very long ERF.
    Apr 20, 2012. 07:26 PM | 4 Likes Like |Link to Comment
  • Dividend Stock Ideas: 2 Buys, 3 Holds  [View article]
    On ERF's web site they show a Sensitivity Table, i.e., "the estimated effect on 2012 funds flow per share" to various parameters:

    (1) change of 0.50/mcf of NG = 0.14/share
    (2) change of 5.00/barrel of WTI oil = 0.13/share
    (3) change of 1000 boe/day in production = 0.03/share
    (4) change of 0.01 in US$/CDN$ = 0.05/share
    (5) change of 1% in interest rate = 0.03

    Using monthly avg prices of WTI crude, I calculated a change of +$8.83 from Q4 2011 to Q1 2012, or +0.23/share.

    Using monthly avg prices of NG at HH, I calculated a change of -$1.083 from Q$ 2011 to Q1 2012, or -0.303/share.

    The combination of these 2 parameters yields a net loss of -0.073/share.

    Factoring in a mild winter, an increase in production of 2000 barrels/day would almost offset the loss due to the major drop in NG prices.
    Apr 20, 2012. 07:23 PM | 6 Likes Like |Link to Comment
  • Introducing The 3rd SandRidge High Yield Trust  [View article]
    Long LINE and CHKR.
    Apr 17, 2012. 12:02 PM | 2 Likes Like |Link to Comment
  • Introducing The 3rd SandRidge High Yield Trust  [View article]
    "My concerns are the sponsor's financial risk. This should be a warning sign to trust investors."

    Yet you are long SDT?
    Apr 17, 2012. 11:55 AM | 1 Like Like |Link to Comment
  • 100 Mistakes Rookie IRA Investors Make: #1 - Buying Huge Blocks Of Stock To Get Started  [View article]
    Two further thoughts:

    In that "almost a year" period, I did put 100K in a Mid-Term Bond fund with a 2.5% yield for 6 months (better than the 0.75% in the MM), but then got scared out.

    My Schwab broker (who calls every couple of months, recently due to tax season I guess) was impressed by my PF (but he probably says that to all his clients).
    Apr 15, 2012. 11:30 PM | Likes Like |Link to Comment
  • 100 Mistakes Rookie IRA Investors Make: #1 - Buying Huge Blocks Of Stock To Get Started  [View article]
    Wish this series of articles were written a few years ago.

    I Moved a 250K 401-K to a roll-over IRA. While waiting for my MBA daughter to come up with some investment ideas (and also waiting for the crash), I sat on the cash, earning $1.98 (or so) per month in interest. I just wanted some suggestions from her that I would consider.

    My daughter, asked a qualified friend, but neither would offer advice or suggestions, I guess fearful of making a mistake.

    After almost a year, I decided to go with dividend stocks and tested the water with a 16K position in T. After 6 weeks it was unexpectedly up 14%. Now this was a utility co. and pigs get slaughtered, and I still expected a crash, so I sold, not knowing what a QE1 was, and what effect it was having on the market.

    Naturally T kept rising (along with the rest of the market), but eventually I was able to buy a 32K position on a couple of major dips, a little above where I sold it at.

    Moral: It's all about timing. I should have bought the 32K position originally, and stayed with it. I should have been all in with DG stocks at that time.

    Isn't hind-sight great (and knowing a little financial news).

    Now the IRA is almost fully invested, mostly "traditional" DG stocks, but also MLP's (for the higher yield - and dividend growth? EPD, LINE, etc). And some speculation to keep it exciting.

    I'm still waiting for the crash, but will hunker in the bunker, hopefully collecting most of the dividends, if it comes.

    The IRA is just one part of my investments, but SA articles have helped a lot in putting together a portfolio that has very nice monthly and quarterly dividends (and distributions). A little more than the $1.98 I was getting for far too long.
    Apr 15, 2012. 11:15 PM | 3 Likes Like |Link to Comment
  • Shell (RDS.A), Mitsubishi Corp., China National Petroleum and Korea Gas Corp are in the final stages of talks to build a $12.35B liquefied natural gas terminal on Canada's west coast, according to a report in business daily Nikkei. A broad agreement is expected as soon as this month.   [View news story]
    GLOG - will need to transport.
    Apr 12, 2012. 03:17 AM | Likes Like |Link to Comment
  • Natural gas prices are about as low as they're going to get, observes oil and gas mogul T. Boone Pickens. A key marker to watch is rig counts, Pickens says, because as they go down it causes supply to shorten up. Ten rigs closed just last week, and more will be shuttered this week as well. It may take a little while for prices to shore up, but it's going to happen.   [View news story]
    You forgot to tell me. Still long BAS & CJES.
    Apr 11, 2012. 11:06 PM | Likes Like |Link to Comment
  • Natural gas prices are about as low as they're going to get, observes oil and gas mogul T. Boone Pickens. A key marker to watch is rig counts, Pickens says, because as they go down it causes supply to shorten up. Ten rigs closed just last week, and more will be shuttered this week as well. It may take a little while for prices to shore up, but it's going to happen.   [View news story]
    Why do they charge $2.24/gal(e) in Austin? No available refill sites in San Antonio.
    Apr 11, 2012. 10:59 PM | Likes Like |Link to Comment
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