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Ken Marinai

Ken Marinai
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  • These Oil Companies Will Suffer The Most [View article]
    Apply what vireoman said about UPL to MHR rinse and repeat. Did you look at the companies before you wrote this to see who is NG vs Crude?
    MHR 90pc NG and less than 10pc crude.
    Dec 3, 2014. 11:30 AM | 2 Likes Like |Link to Comment
  • Magnum Hunter Resources: Vulnerable In The Face Of Lower Oil Prices [View article]
    Within 6 months, MHR will produce no oil. They only liquids they will have are NGLs.
    They have announced many times their intention to sell all Bakken props. They have executed on part of this already. They have very productive Marcellus/Utica acreage. They could sell the rest of their pipeline and retire more than half their debt.
    But nonetheless, I opened this page, and you get your penny.
    Oct 31, 2014. 03:55 PM | 3 Likes Like |Link to Comment
  • LINN Energy Announces Permian -- California Trade With Exxon Mobil Corporation [View article]
    Retroactive to June 1, 2014
    Sep 18, 2014. 11:36 PM | 1 Like Like |Link to Comment
  • To Handsomely Beat The Market, Buy Petroamerica Oil With Both Hands [View article]
    Regarding commissions and foreign fees, I have purchased 215,000 shares of PTAXF at Merrill Edge for the grand total of 0 dollars commissions. All you have to do is have an account value of 25,000 dollars to get over 100 trades a month free.
    I have bought all kinds of these foreign deals through them, NATDF (now NADL)
    AWLCF, where all my investment friends were paying 50.00 fees at Schwab etc. for no cost whatsoever at merrill edge/bofa. Look into it, esp on these low priced deals. You can scale into them in drips and drabs for free.
    For the vast majority of my trades, I use interactive brokers because of their 1pc margin rate and 6.5 margin leverage at that low rate.
    Just my strategy FWIW.
    Aug 31, 2014. 01:08 AM | 5 Likes Like |Link to Comment
  • 3 Attractive Energy Names For Under $10 A Share [View article]
    GST also had a great Enercom presentation. Look for good news with their Utica/Marcellus wells in September. Their property is adjacent to MHR which has had very nice results. Look for more like 13, 14 by year end 2015. If you get a chance, listen to it on their website.
    Aug 24, 2014. 04:31 PM | 1 Like Like |Link to Comment
  • 3 Attractive Energy Names For Under $10 A Share [View article]
    The CPE presentation at Enercom is worth a listen. They are adding a rig in q4.
    Their stack play with pad drilling will accelerate their growth. They will be drilling 4 to 6 zones in the Permian.
    Aug 22, 2014. 11:54 PM | Likes Like |Link to Comment
  • Genie Energy - Arbitrage Play With 10% Return In A Month [View article]
    I had been buying the preferred because I wanted it especially from an ROC standpoint. I started buying the common when the offer was announced. Believe me, the preferred is hard to buy and sell, there is always a spread and I would buy maybe 1 or 2 thousand a day max, otherwise I would be shooting myself in the foot by moving the market up while not having a full position.
    The common was easier, for a while, but now there is no point in trying any arb play. I am long both the common and preferred now, and comfortable tendering and keeping all for the 8.2pc ROC yield rather than moving the market myself trying to maneuver for 5 more cents. I think the preferred has a very safe yield.
    Jun 1, 2014. 09:01 PM | Likes Like |Link to Comment
  • Magnum Hunter's Series E Preferred Could Be A Lucrative Opportunity [View article]
    MHR has a lot of great acreage in the Utica/Marcellus. But they also has the majority interest in the Eureka Hunter pipeline. If anything untoward should happen, they could always sell the pipeline only and pay off their senior debt.
    Rarely do you see a company which is as risky as you assert, whose preferred stock sells at or above par.
    May 3, 2014. 12:48 PM | Likes Like |Link to Comment
  • Strong Demand Will Keep BreitBurn Afloat [View article]
    I love Breitburn here too. I am way long, but wish they would create an entity similar to what LINE with LNCO.
    That makes tax planning way easier. The majority of LNCO dist is classified as ROC, which, to me is a far better tax advantage than the MLP system.
    I own both in size. Like Bretiburn's coverage and LNCO's tax structure.
    thanks for the article.
    Nov 24, 2013. 07:16 PM | Likes Like |Link to Comment
  • An Open Letter To Gary Evans, CEO Of Magnum Hunter Resources [View article]
    They would never sell the pipeline to retire a preferred. The IRR on the pipeline is higher than the interest rate on the preferreds.
    For that matter, the IRR on anything they do now is probably higher.

    I don't see them retiring even the C soon.

    He doesn't care about the bottom line right now, justNAV.
    Me either.
    Nov 12, 2013. 11:03 PM | 1 Like Like |Link to Comment
  • An Open Letter To Gary Evans, CEO Of Magnum Hunter Resources [View article]
    "I speak for all shareholders by suggesting management should reduce or eliminate this significant interest rate risk via a partial or complete sale of Eureka Hunter in the near term." You should probably qualify that in some way eg "all the shareholders I know", or something like that. I, for one have to go along with Gary on this one, at least for now.

    It sounds like you like the job Gary has done, as have I. But your caveat seems to be "I like the job you are doing as long as you agree with me".

    I bet Gary and board thought long and hard about divesting the midstream and undoubtedly will one day, one way or another. At present they seem to be protecting their ability to take what they produce to market. They would lose some of that control if the sold the pipeline at the moment.

    Also, by adding compression and hence volume, I think the value continues to grow.

    I have trusted him to make the right decisions thus far and he seems to have done so. I will trust him on this issue now. Time will tell.
    Nov 12, 2013. 04:50 PM | 4 Likes Like |Link to Comment
  • More on Berry Petroleum (BRY) (previous): The shareholder vote over the LINE, LNCO merger has not been cancelled (as appears on the NYSE site), but has instead been postponed until the SEC approves the proxy. [View news story]
    You are getting taken if Schwab is only paying your 12pc for LNCO. You should go to another brokerage where they do real fee splitting 50-50.
    Schwab is charging 90pc, that's ninety percent to lend your shares and giving you 12? They are making 78pc. At least IB gives you 45pc if they lend it. (today anyway)
    The disturbing part is that someone wants to borrow it that badly.
    One week ago there were 30,000 available to short and 800,000 LINE shares available. Today there are 0 (zero) of each.
    Last time that happened, it was not very much fun for us longs.
    Expect more BS this weekend or early next week.
    Buying Op. JMO
    Jun 28, 2013. 05:52 PM | 2 Likes Like |Link to Comment
  • I Am Back [View instapost]
    Finally. Whew
    Jun 7, 2013. 12:56 AM | Likes Like |Link to Comment
  • Of the €208.2B in non-performing loans Spanish banks have refinanced (in order to avoid recognizing them as NPLs), nearly half are treated as though they are not distressed, dubiously eliminating the need to take provisions against them, FT says. These banks have until September to reclassify restructured loans under tougher guidelines, a mandate that will likely necessitate fresh provisioning at some institutions. Between them, Santander (SAN), BBVA, and Caixabank (CAIXY.PK) had €76B in refinanced debt on their books at the end of last year. [View news story]
    This article is 2 days old. SAN is up during that period.
    May 17, 2013. 11:58 PM | Likes Like |Link to Comment
  • AIG wins a legal battle, a federal appeals court ruling its $10B lawsuit against Bank of America (BAC) over mortgage losses belongs in state, not federal court. Filed in 2011, the case has been on hold while the venue is determined, but stems from what AIG claims were frauds and misrepresentations on $28B of MBS purchased from BofA, Merrill, and Countrywide. [View news story]
    Both BAC and AIG up 1.5pc today, so there's that. Didn't seem to matter.
    Apr 19, 2013. 07:41 PM | Likes Like |Link to Comment