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  • Linn Energy: Preparing For The End  [View article]
    What he said:

    "I am happy to add to energy holdings every two weeks. I add to energy companies in the S&P 500, I add more to the XOM's and Occidental Petroleum (NYSE:OXY) and EOG Resources (NYSE:EOG) and others by way of the Dividend Achievers Index, and I add to the Canadian index that is overweighted to energy to the tune of over a 21% weighting. Two of my individual stock holdings are Canadian energy stalwarts TransCanada (NYSE:TRP) and Enbridge (NYSE:ENB). I am certainly averaging down on the sector. I am happy to buy the sector."
    Feb 10, 2016. 08:24 PM | Likes Like |Link to Comment
  • Energy Transfer Equity Merger With Williams Looks To Be Dead After CFO Jumps Ship  [View article]
    As I read it, ETE can back out:

    1) With WMB's consent, Article 7.01a
    2) On the "Outside Date", Article 7.01bi
    3) If there is a final "Restraint", Article 7.01bii
    4) If WMB shareholders fail to approve the merger, Article 7.01biii
    5) If WMB breaches and does not cure, Article 7.01c
    6) If WMB's Board recommends against the merger, Article 7.01e

    If ETE terminates under 7.01biii or 7.01c, it can recover its out of pocket costs from WMB.
    If ETE Terminates under 7.1e, it can recover $1.48 billion from WMB.
    Feb 10, 2016. 02:30 PM | Likes Like |Link to Comment
  • Energy Transfer Equity Merger With Williams Looks To Be Dead After CFO Jumps Ship  [View article]
    "What happens to WPZ shares after the merger ?"

    Nothing. WPZ is not merging.
    Feb 10, 2016. 01:37 AM | Likes Like |Link to Comment
  • Occidental Petroleum: This 4.6% Yielder Expects To Maintain The Dividend, But Will It Pull A ConocoPhillips?  [View article]
    "It would not surprise me if XOM bought OXY."

    I think Occidental is more highly valued than the other large independents, so I would expect to see others taken out first.
    Feb 8, 2016. 11:33 PM | Likes Like |Link to Comment
  • We're No Longer Long Cisco  [View article]
    "Revenues have grown at an average annual rate of 6%, operating income at 4% and free cash flow at 5% over the past 10 years. At current prices, CSCO trades at a forward P/E of under 10, well below the market average of around 15. Additionally, it has become a popular dividend stock offering a dividend yield of over 3.5%."

    Yet the author thinks you should sell ...
    Feb 8, 2016. 11:20 PM | 3 Likes Like |Link to Comment
  • Chesapeake Energy's end isn't so near, WSJ's Jakab writes  [View news story]
    "what would spur them to update their presentations?"

    Publicly traded companies have a duty to make their communications "not misleading". When Chesapeake gives presentations after the facts have changed, I think they have a duty to update their presentations to reflect those new facts.
    Feb 8, 2016. 10:51 PM | Likes Like |Link to Comment
  • Chesapeake Energy's end isn't so near, WSJ's Jakab writes  [View news story]
    So, here is what I see:

    1. Chesapeake has not updated their management presentations to include data after 9/30/15. We have very little idea what has been going on. Not a good sign, in my book.

    2. Chesapeake has $0.5 Billion in notes coming due next month. They can pay it.

    3. I take Chesapeake at their word when they say they are not CURRENTLY planning on filing bankruptcy. Down the road, who knows?

    4. What is likely to happen in the next borrowing base redetermination?

    5. Push will come to shove in 2017 unless things change.
    Feb 8, 2016. 07:31 PM | 2 Likes Like |Link to Comment
  • Boeing 787 Order Trends  [View article]
    The only Fifth Generation fighter aircraft currently in service are the F-22 and F-35. The Russian T-50 is intended to enter service in 2020, possibly after the Chinese J-20.

    The Su-27 and it variant Su-35 are classified as Fourth Generation. They are good aircraft, but not up to Fifth Generation standards.
    Feb 7, 2016. 12:33 AM | 1 Like Like |Link to Comment
  • Boeing 787 Order Trends  [View article]
    "one of the biggest users is Taiwan actually"

    The winner is British Air with 42, all 747-400s, followed by Korea Air and Lufthansa with 36 each.
    Feb 6, 2016. 11:56 PM | 1 Like Like |Link to Comment
  • Boeing 787 Order Trends  [View article]
    Unfilled orders:

    737 series: 4417
    747 series: 19
    767 series: 80
    777 series: 524
    787 series: 773

    The future lies primarily with the 737 series, and secondarily with the 777 and 787 series.

    Breaking that out further, the top three are 737 MAX, 737-800 and 787-9.
    Feb 6, 2016. 11:46 PM | 1 Like Like |Link to Comment
  • Oil And Gas Master Limited Partnerships (MLPs): More Attractive Than Ever!  [View article]
    "my local Scottrade office and he said where the MLP is located is where you pay taxes"

    Might want to get a second opinion ...
    Feb 6, 2016. 11:18 PM | 2 Likes Like |Link to Comment
  • Oil And Gas Master Limited Partnerships (MLPs): More Attractive Than Ever!  [View article]
    "I have seen recommended is via an ETF listed on the London Stock Exchange"

    There is a bilateral US-UK tax treaty. I have not looked at it from a UK perspective, but Google (or your broker) is your friend. I expect the terms are favorable. Let us know?
    Feb 6, 2016. 10:28 PM | Likes Like |Link to Comment
  • Where Does Linn Energy Go From Here?  [View article]
    "IOW, would buyers be able to use economy of scale to just work the property with their existing SGA or does it just scale?"

    If the buyer was nearby, sure. There is value in the assets.
    Feb 6, 2016. 10:16 PM | Likes Like |Link to Comment
  • Where Does Linn Energy Go From Here?  [View article]
    "He is offering some glimmer of hope for equity holders."

    Push will not come to shove until the due date on the outstanding borrowings - for any of these highly indebted companies.

    In Line's case, they can make the next payoff and get through 2016 pretty easily. Down the road somewhere, I think they will need higher oil & gas prices to survive.
    Feb 6, 2016. 07:26 PM | 1 Like Like |Link to Comment
  • Where Does Linn Energy Go From Here?  [View article]
    "Any restructuring/sale is much more likely to be a PE deal"

    How would envision such a transaction working out?
    Feb 6, 2016. 02:44 AM | Likes Like |Link to Comment
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