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AmeriGas Partners LP Message Board

don_t_panick 5 posts  |  Last Activity: Sep 23, 2015 5:17 PM Member since: Apr 4, 2001
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  • Reply to

    cheap oil

    by akeyedoc Sep 22, 2015 2:37 PM
    don_t_panick don_t_panick Sep 23, 2015 5:17 PM Flag

    I have solar panels on my roof. They were cost effective only because of massive subsidies at the state and federal level and huge taxes on electricity bought from the power company. They don't work at night, on rainy days or even all that well in the winter. Natural gas plants are on standby to make up any power I need,
    Telsa is a govt subsidized toy for the rich with a limited range. Probably more limited if you run the AC. Most people don't have solar panels on their roof and will charge it from the grid. Most electric on the grid comes from natural gas. 80% of MHR production is natural gas. Hard to see how this hurts MHR.

  • don_t_panick by don_t_panick Aug 15, 2015 1:40 PM Flag

    EXXI just declared their upcoming preferred dividend on EXIXF in cash. The SDRXP dividend is being paid Monday in shares of SD common. As I pointed out awhile back, until recently those preferred issues traded for less than the MILL preferred issues. EXIXF is still super cheap at 10 cents on the dollar. SDRXP is at 15 cents on the dollar. EXXI has 850 mil in liquidity and a swap with the 2017 / 2018 debt holders is likely to reduce debt. SD has 1.5 bil in liquidity and just did a $500 mil deal which reduces debt at less than 40 cents on the dollar.

  • Reply to

    Great article

    by verado Aug 8, 2015 10:58 AM
    don_t_panick don_t_panick Aug 10, 2015 7:42 AM Flag

    And on the subject of integrity, as I recall you started posting here for months claiming not to be a short. Then you claimed that you were not a short, but were "shorting it in your son's account". Now you claim to have been a short.

    Don't lecture others on integrity, until you find some yourself.

  • Reply to

    Great article

    by verado Aug 8, 2015 10:58 AM
    don_t_panick don_t_panick Aug 10, 2015 7:30 AM Flag

    I've been posting for some time that people should swap out of MILL into PTAXF, TAOIF and EWPMF. None of those have done great on the oil selloff, but those are debt free companies and none are at risk of bankruptcy. They are down less than most energy sector micro caps and will be around for the next up-cycle.

    I've been out of the MILL issues (except for the occasional short term trade) for some time. I've often advised people to swap into other issues from MILL-PC / MILL-PD such as SDRXP, GDPAN and EXIXF lately. Those are down on the oil selloff, but all are still paying dividends and have good liquidity.

    As I recall many folks complained that I was posting off topic, when I've suggested other issues here. Unlike you, I don't think that MILL was predestined for failure. I think they had chances to succeed and didn't execute. I liked them at one point (did very well trading the common, preferred and options on balance) and changed my opinion as results missed.

  • Reply to

    Great article

    by verado Aug 8, 2015 10:58 AM
    don_t_panick don_t_panick Aug 9, 2015 7:16 PM Flag

    I think you're beating a dead horse at this point Verado.

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