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chazsf

chazsf
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  • Delta Air Lines: How New Efficient Aircraft Will Boost Results In The Future (Part 2) [View article]
    Fuel surcharges vary quite a bit among airlines. As always, it pays to shop carefully.
    Dec 16, 2014. 06:29 PM | Likes Like |Link to Comment
  • Frontier Communications: A Surprise Dividend Hike [View article]
    It might be time to run the page.

    Frontier bottomed out at $3.22 on May 18, 2012 and has been pretty much going up for the last two and half years.
    Dec 12, 2014. 09:25 PM | 1 Like Like |Link to Comment
  • These 10 high debt-to-equity U.S. oil producers have the most to lose [View news story]
    Hilarious.
    Dec 2, 2014. 08:30 PM | 1 Like Like |Link to Comment
  • Apache, Bill Barrett, Laredo Petroleum lose ground as Mizuho downgrades [View news story]
    It has been a long fall for Bill Barrett Corporation, endorsed by SA as a "Top Idea" on January 6, 2014. It closed at $25.42 that day, and $9.46 today - a drop of 72%. Condolences to those who were on board.

    http://seekingalpha.co...

    http://seekingalpha.co...
    Dec 2, 2014. 06:26 PM | 1 Like Like |Link to Comment
  • Linn Energy: Cutting Distributions And Capex May Be A Wise Strategy [View article]
    "With no major rollovers of debt needed until 2019"

    Excluding the $1.3 Billion that comes due in August 2015, although Line expects to pay that off from asset sales.
    Dec 2, 2014. 04:38 PM | Likes Like |Link to Comment
  • Linn Energy: Cutting Distributions And Capex May Be A Wise Strategy [View article]
    I annualized Line's Q3 numbers as follows:
    Cash flow from operating activities: $2,081 million.

    I allocated the annualized cash flow as follows:
    Distributions to unit holders: $963 million
    Maintenance capex per Line: $853 million
    Interest payments: $616 million.

    All that gives a cash flow deficit of $351 million.

    I am comfortable that Line can reduce its maintenance capex to cover the deficit, but I do not see any cushion.

    On the positive side, Line has agree to sell Granite Wash and Wolfsberry assets for $1.95 billion. Once the transaction closes, Line will use $1.3 billion to pay off the "VIE Term Loan", with $650 million left for other uses.
    Dec 1, 2014. 08:09 PM | 2 Likes Like |Link to Comment
  • Investors Take Note: The Swiss Gold Referendum Has Already Changed The Gold Market [View article]
    "That Le Pen leader is the illiterate daughter of the previous Front National party boss. That Le Pen leader is the illiterate daughter of the previous Front National party boss. She lived at home with Daddy until she turned 50 and has as much education as the Kardashian sisters, minus the looks."

    Marine LePen is an attorney with two Masters degrees from Pantheon-Assas University (which was the University of Paris' school of law and economics until the government decentralized the system some years ago).

    She is twice divorced, with three children.
    Nov 27, 2014. 02:24 AM | 5 Likes Like |Link to Comment
  • Keystone XL Not Needed For The Canadian Oil Sands [View article]
    "http://bit.ly/1BUAzW0"

    http://bit.ly/1qJCs3a
    Nov 21, 2014. 05:17 PM | 1 Like Like |Link to Comment
  • Blackstone's Hilton Deal Isn't All It Seems [View article]
    I have no information that would classify the Waldorf as under-performing, but Hilton definitely said the sale would save future capex.
    Nov 20, 2014. 03:46 PM | Likes Like |Link to Comment
  • Siemens - GE With European Discount [View article]
    The Germans withhold 26.375% of the dividend, which you can claim back as a credit against your US taxes. (So put foreign securities in your taxable account, not the IRA.)

    There is, however, a ceiling test which may, or may not, limit your foreign tax credit. It depends on your circumstances, so I'll leave it to you to do your own research on the ceiling test.
    Nov 20, 2014. 03:39 PM | 1 Like Like |Link to Comment
  • Blackstone's Hilton Deal Isn't All It Seems [View article]
    Or Hilton could sell off some hotels and use the proceeds to pay down debt.

    Perhaps a sale of the Waldorf for $1.95 billion?
    http://bloom.bg/1xFbxr4
    Nov 20, 2014. 01:43 AM | 2 Likes Like |Link to Comment
  • Siemens - GE With European Discount [View article]
    Siemens makes a dividend payment of 3 Euros once per year. At today's 1.25 exchange rate, that is $3.75. At today's closing US share price of $114.58, the dividend rate works out to 3.27%.
    Nov 20, 2014. 12:46 AM | 1 Like Like |Link to Comment
  • The Crash Of Oil Prices Could Be The Opportunity Of The Decade [View article]
    "Americans need to reduce dividends paid by Canadian shares by 24% to compensate for FX rates (1CAN$=.89US$) and withholding taxes (15%), ie BCE @ domestic 4.77% =3.60% in net USD"

    For one thing, EnCana (For example) keeps its books in USD, so there is no foreign exchange compensation necessary.

    For another, there is no Canadian withholding on shares held in a US IRA, and the 15% withholding on shares held in US taxable accounts can be recovered from the IRS as a foreign tax credit.
    Nov 19, 2014. 02:17 AM | 3 Likes Like |Link to Comment
  • Restructuring Will Help Occidental Petroleum Grow [View article]
    "So-called when-issued shares in California Resources Corp. closed on Nov. 14 at $8.45 in New York, with more than 12 million shares traded."

    I'm claiming the prize ...
    Nov 17, 2014. 05:26 PM | Likes Like |Link to Comment
  • Bloomberg: Chevron set for first bond offering since June 2013 [View news story]
    I think you could ask the same question about most bonds.
    Nov 12, 2014. 06:42 PM | 1 Like Like |Link to Comment
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