Seeking Alpha

rollingstone100

rollingstone100
Send Message
View as an RSS Feed
View rollingstone100's Comments BY TICKER:
Latest  |  Highest rated
  • Forest Oil: Special Situation, Micro Cap, Agency Conflict, Liquidation Scenario - The Value Dream [View article]
    Timely article and well done. Now at least I understand what happened to FST. FST must go down in history as one of the worst managed companies the past five years. I have voted against their directors in the past but had no clue as to what I was going to do regarding the merger. Then, after reviewing Sabine's financials last month, I had gotten more comfortable with the merger and thought it might be worth more and allow me to recoup some of my losses. Then the bottom fell out with the Sabine's CFO resigning and the internal control and 10Q issues surfacing in Forest. I even sold half of my position to minimize my losses if the whole thing fell apart. Now you have given me some hope......
    Aug 22 04:30 PM | Likes Like |Link to Comment
  • ANR Earnings: It Is All About Cost Control [View article]
    Why can't ANR shut down its Easter steam operations where it is losing most of its money? Very well done analysis! Buying back 2021 bonds at less than 70 cents on the dollar is a good idea as mentioned by Gustavo78. This company could make it if pricing improves.
    Aug 18 07:18 PM | 4 Likes Like |Link to Comment
  • Chicago Bridge & Iron Is A Steal (Get It?) [View article]
    I also wonder about the huge amount of insider selling of the stock that has occurred the last 6 months. The CEO sold over $10Million of stock. Not a single buy except director buying. I got this from Morningstar.
    Aug 12 01:11 PM | 3 Likes Like |Link to Comment
  • Chicago Bridge & Iron Suffers From Uncertainty Due To Short Thesis And Sick CFO [View article]
    I was counting on CBI HOLDING AT 60. Now I am going to put a stop sell in at 58 and say adios if it fills. The stock has already declined 30% from its 52 week high. Something is wrong here and it isn't the stock market selloff. As someone said, there should have been a bounce back and there hasn't been one. According to the Market Edge technical trading service, this stock was a buy stop at $73.83 and unfortunately for all of us long the stock, it has proved to be correct.
    Aug 3 11:38 AM | Likes Like |Link to Comment
  • Penn West: The Chickens Have Come Home To Roost [View article]
    It is hard to believe their auditors missed what amounts to fraudulent activity. I sold my shares today at a loss because I don't want to continually take hits every time it is mentioned going forward. This somewhat reminds me of what WorldCom did back in the late 90s and early 2000, though obviously on a much larger scale than PWE.
    Jul 30 12:38 PM | Likes Like |Link to Comment
  • Chicago Bridge & Iron Suffers From Uncertainty Due To Short Thesis And Sick CFO [View article]
    my worry is the negative cash flow and amount of goodwill, which appears to be a main worry of the market. The $31B backlog is a positive going forward as it represents over 2.5 years of revenue. S&P just raised their rating to a strong buy with a with a 12 month $99 target.
    Jul 28 06:40 PM | 1 Like Like |Link to Comment
  • Multiple Catalysts Should Propel Ultra Petroleum Upward For Years [View article]
    I am convinced there are some major developments coming in the use of natural gas and will drive up the price into the $7 mcfe area which will allow UPL to make a lot of money with its very low cost structure. Your article was well researched and clearly presented.
    Jun 25 06:45 PM | 2 Likes Like |Link to Comment
  • Forest Oil falls after Sabine Oil's bridge loan pulled [View news story]
    I would love to see FST get a competing bid from someone else, but Sabine and Forest have structured the deal where it practically excludes anyone else from even trying to bid a more fair price for FST. We shareholders are in a pinch-we can vote for the current deal or watch Forest go back to $1.75. As for myself and my 14,000 shares, I likely will vote against it and take my income tax loss rather than take a bad deal.......
    Jun 23 11:42 AM | Likes Like |Link to Comment
  • Forest Oil falls after Sabine Oil's bridge loan pulled [View news story]
    John Hunkins, do you really think they can do it? I don't-they don't have a balance sheet that will allow it and they can't even pick the best place to drill. Also, I sure didn't like the deal they had with Sabine-it was a no value deal because shareholders can't analyze it. I also have no confidence in their management team. It is a shame to see how far in the ground they have drove a fine old oil company. Shareholders need to revolt and take the company back! They don't deserve a second chance.
    Jun 16 09:23 PM | Likes Like |Link to Comment
  • Ultra Petroleum: Attractive Momentum Play On Verge Of Breakout [View article]
    based on comments in this blog, UPL may be setting up for a huge short squeeze since 20% of their float is short.
    Jun 8 01:27 PM | 1 Like Like |Link to Comment
  • Premature Accumulation As The Scuttlebutt Of The Small Investor And NovaGold [View article]
    Robert, I am willing to withdraw my use of the word "conned" because I certainly don't really know that really happened. "Fooled" would have been a much better word. My father used to tell me there is no better knowledge than experience and I have plenty of experience from owning NG over the years. I came to own NG back in 2007 when Barrick made a tender offer for them at $22.50 and NG burned all bridges in resisting the offer. After trading up close to the bid, NG eventually collapsed down to 12.50 and I bought a 1000 shares. It kept going down, eventually trading below $1 in 2008. I doubled up several times, having bought the value of the Donilin Lake project hook, line and sinker and thinking someone else would try to buy them. In the meantime, gold kept going up while NG was dead in the water. That was the basis for my widow maker comments. Then some new investors came alone in 2011 and NG went up again to $12.50 area. Even Jim Cramer once recommended NG, but he quickly changed his mind. NG started down again and is currently hanging in around $3. Do you really want to make this stock your gold allocation? NG has no earnings, probably a hostile partner on the Donilin project and no where near the financial resources needed to developed Donilin itself. Also, Barrick has its own financial issues and appears to be in no hurry to develop Donilin. NG has nothing else to fall back on unless they can sell their ownership in Donilin which Barrick would probably oppose. It is a good possibility that NG will have to raise more capital, further diluting existing shareholders. All of these issues have been mentioned by other contributors. I very much would like to quit debating this any further with you. NG's performance record speaks for itself. I currently own zero shares of NG.
    Jun 2 10:56 AM | Likes Like |Link to Comment
  • Premature Accumulation As The Scuttlebutt Of The Small Investor And NovaGold [View article]
    listen to ultraific2-he is right on the money about NG. As I said, it is a widow maker stock. Even professionals can get conned and they have in NG's case. If the author wants to treat NG as his gold speculation, there are much better alternatives such as AUY, GG, NEM, ABX to mention a few.
    May 31 05:22 PM | 1 Like Like |Link to Comment
  • Ultra Petroleum: Attractive Momentum Play On Verge Of Breakout [View article]
    All of your comments are valid. For disclosure, I have several thousand shares of UPL and have been waiting for Mr. market to decide exactly what you have presented. The analysts seem to hate this stock, yet as you said, they are great at what they do. I believe they are the lowest cost producer in their field. Plus, their market cap makes them an ideal merger target.
    May 29 11:58 AM | 1 Like Like |Link to Comment
  • Premature Accumulation As The Scuttlebutt Of The Small Investor And NovaGold [View article]
    Just do the numbers. NG has limited financial resources, a reluctant partner, Barrick, who appears to be waiting to take out NG's interest of Donlin Creek on the cheap. Donlin isn't even on ABX's near term project development schedule. NG screwed years ago when they refused a $22 bid from from Barrick.
    May 20 09:52 AM | 3 Likes Like |Link to Comment
  • Premature Accumulation As The Scuttlebutt Of The Small Investor And NovaGold [View article]
    I just got though reading article on widowmakers (Shorting Jap yen, U.S. Bonds, etc.). I would add Nova Gold to the list!
    May 19 11:29 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
34 Comments
31 Likes