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Jion

Jion
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  • China XD Plastics: When The Numbers Don't Add Up, There's Over 80% Downside [View article]
    Firstly, his call was very successful. Your observation is right though. It has the word "China" in too, but then it wasn't a red flag.
    Different times, different approaches to the way for profits...
    Jul 10 12:25 PM | 1 Like Like |Link to Comment
  • China XD Plastics: When The Numbers Don't Add Up, There's Over 80% Downside [View article]
    From the same author:

    "China Nepstar: Now Is The Time To Buy, Upside Ahead
    Dec. 5, 2013 2:29 PM ET | 18 comments |

    Disclosure: I am long NPD."
    Jul 10 12:10 PM | Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    So, bankstocks, before the SA editors have the same preferential treatment to your comments and edit them again, instead of erase them like they do with everyone's else, let me try to understand your words:

    You will not post again about Lonestar to a VD article in which he will not mention Lonestar even to the comments section.
    
    You mean, you will not post an off topic about Lonestar to any totally irrelevant with Lonestar VD article.
    But, you haven't done this until today either. You have posted about Lonestar to articles about Lonestar!
    Your ...promise, statement or disclosure whatever you call it, has no meaning.

    But if you mean that you will not post again in VD's articles, unless he mentions Lonestar, excuse me but you are dreaming.

    Don't fool yourself. Of course you will post again in VD's articles, you can't live without bashing him. I bet the profits from the next VD pick I will buy on this!

    So GL with your positions, see you at the next VD article.
    Jul 8 03:35 PM | 5 Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    Your message is above and I copy paste:

    "VD: In my considered opinion, your a fraud."

    If you can still edit it, change it if you think so. If you can't, it will be there for everyone to see how you tried to mislead me about something so obvious.

    I think the obsession with VD hits new hights. I'm not going too far if I say that he's doing very well to be anonymous. That protects him. You never know with such hate.
    Jul 8 11:39 AM | 4 Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    Pablomike,

    It is not in my intention to imply anything negative about R. Zeits. As I said, in my opinion he is a reputable SA author.

    But, R.Zeits does not just provide the info. He makes his own predictions. Check his latest title: "Eagle Ford Production May Grow 35%+ Sequentially In The Second Quarter, Despite Slower Drilling". Value Digger makes the same, with the difference his disclosure that he is long. I don't see anything fishy on that.

    As for the accusations: I haven't found anything like that about R. Zeits in his articles. If you can, do a copy paste for me please with anything about paid promotion.
    On the other hand, read the latest comment of bankstocks, one of his 200+ in the last VD articles: "VD you are a fraud". Not even something like "VD you are dead wrong".

    I hope you understand the difference.
    Jul 8 11:06 AM | 4 Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    Hey VD, did you notice that the Australian oil weighted junior Antares Energy (OTCPK:AZZEF) you presented above, received yesterday an acquisition offer in amount of $300 million for purchase of all its Permian assets?
    This is from Reuters:

    http://reut.rs/1qGalia

    AZZ operates in the Permian Basin, and the key metrics of this acquisition offer prove LNR's gross undervaluation at the current price of $0.46 or A$0.48 (ASX).

    I see that AZZ has almost zero production growth over the last quarters, and the suitor pays $250,000 per boepd and 20 times the 2014 EBITDA to acquire AZZ... It's listed in OTC and in ASX in Australia, like Lonestar.

    According to the data you provided, AZZ is a heavily indebted company with $105 million net debt (bank debt and notes, pro forma the recent notes) and a high Net Debt/EBITDA ratio...

    In contrast, LNR currently has Enterprise Value at $535 million, and trades at approximately 4.5 times its EBITDA for 2014 and approximately $114,000/boepd.

    The valuation gap between AZZ and LNR is obviously huge, although LNR has a much stronger balance sheet than AZZ.

    Any ideas? Am I missing something here?
    Jul 8 05:00 AM | 2 Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    So, about 15 articles in less than a year, with bullish titles by Richard Zeits for Halcon were all objective, with data, maps etc.
    I can say the same for VD's articles. They contain maps and data, and there is no more than two for each of his picks. SA auditors rated them as "top idea", don't forget that.

    Of course, for any VD-maniac like you, the maps of VD are "wrong" and the maps of Zeits are objective...
    VD with 2 articles per pick is a paid promoter, Zeits with 6 articles the last 2 months for one pick is an objective reputable author....double standard!

    Well, in my opinion, Richard Zeits is truly a good author who is bullish on Halcon and, according to your phraseology "pumps" HK more than 2 times every month, and VD is a very successful, as his track record proves, good author too.
    The fact that VD writes for stocks primarily listed in Canada, UK and Australia does not make him a paid promoter, of course, as you claim. It's ridiculous to say that.

    The popularity of both authors caused the phenomenon of a very few guys like you who claim that they are crusaders of truth and want to save us from profits, like those VD has offered to us from Zargon, Caza and Lonestar lately.

    Continue your accusations without any evidences, we will continue buy and hold any of VD picks we think is a bargain, and that's how this summer everyone will be happy....
    Jul 7 11:14 AM | 5 Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    Bankstocks, when I told you that you have no clue that VD is a paid promoter, and that Richard Zeits has wrote 6 articles in 2 months about HK but no one has called him a paid promoter too, you said that VD "looks like" that.

    Now, you are saying that Lonestar "seemed" to be pursuing a listing in the U.S.

    Also you wrote that "these Aussies "look like" a bunch of fast and loose COWBOY CAPITALISTS with some hired guns."

    Forgive me for my bad English but, there is too much "seem" and "look like" in your arguments, without any proofs!

    Your analysis "look like" an all-hat-and-no-cattle thing.
    Jul 7 10:08 AM | 5 Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    Bankstocks,

    There are so many inaccuracies and misleading statements in your post.
    I really wonder why I spend my time to address them. But I will not waste my time to address them all. This will be my biggest mistake!

    You say:

    "like MTDR, ROSE, Sanchez, CWEI , and Carizzo, who I have noted, ALL have left the EF Basin in the last year or two to pursue other Basins, plays, and acres."

    MTDR, ROSE, SN, CWEI, CRZO are not true comparables because they are INTERMEDIATE producers. In addition, they have NOT left EF as you claim. In contrast, SN keeps buying big in the EF (see the latest news and the acquisition from Shell), although this acreage is NOT at the crude oil window but at the wet gas window of the Eagle Ford that carries much lower IRR and oil content.

    CRZO and ROSE have not sold one single acre in the Eagle Ford. MTDR will also use the proceeds from the May 2014 offering to acquire EF acreage. I quote:

    "Matador also intends to use net proceeds from this offering to fund targeted acquisitions of additional acreage in the Permian Basin, as well as in the Eagle Ford shale and the Haynesville shale".

    You say:

    "IMO this is a large reason Lonestar dropped the U.S. listing that they seemded to be pursuing. They had made a filing with the SEC earlier this year that seemed to indicate they were pursuing a SEC compliant listing on an exchange."

    Lonestar NEVER dropped a US listing. This is another BIG LIE.
    Post the link that proves your allegation that Lonestar applied for NYSE or NASDAQ.
    Lonestar's US listed stock recently upgraded from the Grey Market to the best OTC category, OTCQX.

    You said, "More to come".
    Do you mean more lies? I'm sure you know that you'are lying....It's a shame that sometimes you have something usefull to contribute and sometimes your VD-mania makes you write posts like this one above...
    Jul 7 04:52 AM | 6 Likes Like |Link to Comment
  • Halcon Resources: The High Debt And The High Key Multiples Continue Going Hand In Hand [View article]
    Your arguments are based on the fact that Lonestar is listed in OTCQX.
    You are right, but this is the half truth.
    Why?

    LNREF is not just a OTC stock. Lonestar is also listed in ASX. So, they have to meet the ASX regulations:

    "ASX recently tightened up its reporting requirements for oil and gas companies as part of a general review of its rules for reserves and resources reporting (see ASX Listed Entities Update, 1 July 2013). These measures are intended to instil confidence in the market, and reflect ASX's emphasis on transparent markets, informed investors and clear, efficient regulation procedures.

    These changes to Chapter 5 of the listing rules, together with a number of consequential changes, don't take effect until 1 December 2013. However, listed oil and gas companies will need to ensure that they are familiar with the new requirements and put in place the necessary procedures now, so that they are able to comply from 1 December 2013.

    In particular, each listed oil and gas company will need to ensure by 1 December 2013 it:

    -understands the Petroleum Resources Management System (SPE-PRMS) guidelines and the implications for the company's operations;
    -arranges for a qualified petroleum reserves and resources evaluator (QRRE) to prepare all public reports, where required. (The QRRE requirements are similar to the Competent Person requirements for mining companies, adapted for oil and gas companies); and
    - is familiar with the other changes to Chapter 5 and ASX Guidance Note 32, and has updated its reporting procedures accordingly.

    These new reporting requirements cover exploration, resources and reserves disclosures, and apply to all listed entities reporting petroleum resources. ASX states that these new rules are 'intended to align ASX's framework for reporting oil and gas activities with global industry standards and to promote greater consistency in, and quality of, the public reporting of such activities'.
    The focus is on ensuring that public reports of estimates of petroleum resources and reserves are consistent with SPE-PRMS, and are prepared by a QRRE.

    Petroleum resources must be classified and reported in accordance with the SPE-PRMS categories of petroleum reserves, contingent resources and prospective resources. While reporting is intended to be consistent with SPE-PRMS, if there are any inconsistencies the listing rules prevail.

    Under the new reporting framework:

    -the term 'reserves' must only be used in connection with estimates of commercially recoverable quantities;
    reserves and resources must be categorised and reported under the category that reflects the degree of uncertainty;

    -a prominent cautionary statement must be included, where a report includes an estimate of prospective resources; and

    -a prohibition on reporting the total or discovered petroleum initially-in-place will exist, unless specific estimates and adjustments for risk are included in the report.

    The specific reporting requirements will be triggered where a company reports an estimate of petroleum reserves or resources for the first time, or where there is a material change to its existing estimates of petroleum reserves or resources, from 1 December 2013.

    Companies will need to prepare a reserves statement for their annual reports, including:

    -detailed information about proved reserves (1P) and proved plus probable reserves (2P);

    -the proportion of reserves based on unconventional resources; and

    -an explanation of why material concentrations of undeveloped reserves in material projects remain undeveloped, after five years from the date they were initially reported.

    In addition to the specific reporting requirements in Chapter 5, the new rules will also affect the general reporting and disclosure requirements in Chapter 3 (continuous disclosure) and Chapter 4 (periodic disclosure) of the listing rules."

    ASX RESERVES AND RESOURCES REPORTING FOR OIL AND GAS COMPANIES:

    http://bit.ly/1j7SdNn

    P.S.: Your line about my "religious belief" doesn't worth a comment, of course.
    Jul 7 04:23 AM | 3 Likes Like |Link to Comment
  • Lonestar Resources Is The Next Multi-Bagger Getting Ready To Rock In The Lone Star State [View article]
    With VD having 4,600 followers it was normal a BS to appear among us.
    I wasn't surprised.
    Jul 6 02:54 PM | 1 Like Like |Link to Comment
  • How To Prepare For The Upcoming Correction [View article]
    I still find good stocks to buy with great returns, but the author's concerns are valid. We always have to keep an eye to the overall market though.
    Jul 6 05:11 AM | Likes Like |Link to Comment
  • 9 Reasons For Gold This Year [View article]
    It seems that Britain and Spain will do the same too, but in not definite until today.
    Jul 6 05:06 AM | Likes Like |Link to Comment
  • Halcon Resources: The High Debt And The High Key Multiples Continue Going Hand In Hand [View article]
    You referred to the last acquisitions, but they are not them which make Lonestar undervalued.
    In Q1 2014,Lonestar EBITDA was almost $20 million, WITHOUT the acquisitions.

    Lonestar is PROFITABLE and financially SOUND and trades at just 4.5 times its EBITDA for 2014 at the current price of $0.46 (US listing) and A$0.48 (ASX).

    Given the high oil price, Lonestar will most likely hit $125 million (the upper end of the guidance) and not $115 million that VD uses above.

    The 2014 EBITDA of $125 million makes Lonestar currently trade at 4.3 times its 2014 EBITDA.

    Regarding the reserves, see the latest presentation. It is easy for everyone.

    The company's reserves have been estimated by Independent and Qualified AMERICAN Resources Evaluators (LaRoche, Von Gonten) who have conducted technical studies and economic evaluations for private and public oil and gas companies, government agencies and financial institutions around the world for more than 30 years.

    In the past, LaRoche Petroleum Consultants has estimated Chesapeake (CHK) reserves among others:

    http://1.usa.gov/1n4vhhP

    Also, read below about Von Gonten:

    http://wdvgco.com

    But again, Lonestar is profitable and undervalued in comparison with its peers before counting the last acquisitions.
    Jul 6 04:40 AM | 2 Likes Like |Link to Comment
  • Halcon Resources: The High Debt And The High Key Multiples Continue Going Hand In Hand [View article]
    Readers can read....your post about the numerous advantages of GDP is just a few posts above.
    I like that you refer to TID to all your last messages. It shows the lack of arguments.

    Thank you for your wishes about my position in CAZA and LNREF. I'm around +40% in both, so I think what you wished will happen. I wish the same for your positions too.
    Jul 5 02:35 PM | 2 Likes Like |Link to Comment
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