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GMX Resources, Inc. 9.25% Seri Message Board

joeevani 521 posts  |  Last Activity: Mar 27, 2016 12:18 PM Member since: Oct 22, 2004
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  • joeevani joeevani May 21, 2008 12:54 PM Flag

    ...or you could buy PWE and collect the 12% dividend yield while the oil sector gyrates...

  • joeevani joeevani May 25, 2009 6:29 PM Flag

    On 5/22/09,The Wall Street Journal reported on the dry bulk sector and noted:

    "Industry participants warn that any route to recovery could be clogged by a huge influx of new vessels and that the index could fall sharply before the year is out.

    "The message has to be, first and foremost, that while the global demand situation will be improving, the supply situation is going to prevent any major recovery for the industry," said Will Fray, shipping analyst at MSI Ltd. in London.

    Even though shipowners are scrapping older ships and canceling some orders, capacity is expected to grow by 10% each year through 2013 while the amount of tonnage being shipped is likely to fall 2.8% this year, according to Lloyd's Register-Fairplay, a provider of information services to the shipping industry.

    "Rates could keep moving up in the short term," said Peter Norfolk, London-based shipping analyst at Simpson Spence & Young. "But if fleet supply starts to accelerate, and some of the congestion [at ports] comes down a bit, rates will come under pressure again."
    (end excerpt)

    DRYS and EXM are also strapped with significant debt. On 5/19/09, sector analyst at Dahlman Rose, upgraded DSX, EGLE, and GNK to rise.

  • joeevani by joeevani Oct 10, 2008 1:53 PM Flag

    Does anyone have a sense of how LINE will do with Q3 earnings next month?

  • OPEC Members Will Cut to Get Oil Prices Near $75, Angola Says
    Email | Print | A A A

    By Candido Mendes

    Dec. 16 (Bloomberg) -- OPEC members will cut oil production as much as 2 million barrels a day at this week’s meeting to get prices near $75 a barrel, Angola’s oil minister said.

    “We don’t know how much will be cut yet, but some OPEC members are suggesting cuts of 1.5 to 2 million barrels,” Jose Maria Botelho de Vasconselos told reporters in Luanda today before tomorrow’s meeting in Oran, Algeria. “It is consensual amongst member countries that $70-75 a barrel is satisfactory.”

    The Organization of Petroleum Exporting Countries, supplier of more than 40 percent of the world’s oil, is gathering for the fourth time in as many months to discuss further production cuts after crude prices plunged 70 percent from July’s all-time high of $147.27 a barrel.

    OPEC is ready to make a “big” cut in supplies when it meets tomorrow, Venezuelan Oil Minister Rafael Ramirez said. Crude has tumbled 70 percent from a record $147.27 a barrel on July 11 as the deepening global recession cuts demand for fuel.

    Angola vies with Nigeria to be Africa’s largest oil producer.

  • Reply to

    Shorts

    by dennett76 Jul 2, 2010 6:54 PM
    joeevani joeevani Jul 9, 2010 1:11 PM Flag

    There are more than a few forces (e.g., the recent/current crisis in the Euro Zone) at work that have impacted Norsk shares. A good time to buy.

  • Last Update: July 12, 2011 06:19 ET
    Norsk Hydro ASA (ADR) PINK:NHYDY has been upgraded to a strong buy with a 2012 price target of $12 issued today by Shayne Heffernan.

  • Hydro Aluminum Extruded Frames Selected for World's First Hybrid Solar Facility

    June 15, 2010 9:00 AM ET
    Hydro Aluminum Extruded Frames Selected for World's First Hybrid Solar Facility
    Regional production will supply Florida generating station with sophisticated support structures for 180,000 collecting mirrors.

    PR Newswire

    LINTHICUM, Md., June 15

    Regional production will supply Florida generating station with sophisticated support structures for 180,000 collecting mirrors.

    LINTHICUM, Md., June 15 /PRNewswire/ -- Hydro's Extrusion Americas unit has signed an agreement with Florida Power & Light (FPL) to supply custom aluminum extrusions for the first hybrid solar/fossil fuel energy generating facility in the world. When it comes online in late 2010, the Martin Next Generation Solar Energy Center will produce 75MW. It will be the world's second-largest solar plant and the largest outside of California.

    The Indiantown, Florida facility will employ concentrated solar power (CSP) technology to produce electricity. This process uses parabolic mirrors to capture solar heat, which produces steam that turns a generating turbine.

    Hydro will produce the frames, supports, legs and connectors that will raise the 180,000 curved mirrors off the ground and allow them to track the sun throughout the day. Manufacturing plants in St. Augustine, Florida and Belton, South Carolina will supply the parts, provide fabricating and coordinate just-in-time deliveries for the frames used in the 500-acre collecting field.

    "Being in Florida was important to securing this agreement," said Matt Dionne, Hydro's southeast regional VP. "It means that less energy is used and fewer emissions released to transport parts to FPL's location. It also helps focus the positive economic contribution from this project in Florida."

    The extruded aluminum frames are lightweight, yet provide enough torsional strength to withstand hurricanes. The manufacturing process allows the frames, which contain a high percentage of recycled aluminum, to be machined to precise tolerances for quick assembly.

    "With this project Hydro is transferring technology gained on its prior CSP projects from its Phoenix plant to its Belton and St. Augustine plants," said Allan Bennett VP, solar market development for Hydro Extrusions America. "That gives Hydro technical competence and capacity across the country to serve the solar market as it grows.

    "When this project is complete our portfolio will include aluminum support structures using and generating nearly 300 megawatts of electricity via concentrating solar power, more than any other company in the world."

    The solar energy generation system will connect to FPL's existing combined-cycle power plant, allowing the solar thermal capacity to directly displace fossil fuel. The plant will use less fossil fuel during daylight hours when the solar system is helping produce the steam needed to generate electricity. It will produce approximately 155,000 MW of power annually, enough power to serve about 11,000 homes.

    About Hydro

    Extrusion Americas is a unit of Norsk Hydro, a Fortune Global 500 supplier of aluminum and aluminum products. Based in Oslo, Norway, the company employs 25,000 in more than 30 countries, and has activities on six continents. Hydro is the world's third-largest aluminum supplier, the largest single manufacturer of primary metal and extruded aluminum products in Europe, and a leader in delivering innovative light metal solutions to the automotive and building industries worldwide.

    In North America, Hydro provides aluminum solutions including supply sourcing, extrusion, finishing, and fabrication of components, as well as engineering and contract manufacturing services, for a variety of industries.

  • joeevani joeevani May 5, 2010 5:25 PM Flag

    Yes, great time to buy.
    And:

    Bloomberg
    Norsk Hydro Will Boost Brazil Alumina Output by 200,000 Tons
    May 04, 2010, 4:07 PM EDT

    By Peter Millard

    May 4 (Bloomberg) -- Norsk Hydro ASA, Europe’s third- largest aluminum maker, will boost Brazilian alumina production by over 200,000 tons a year to supply growing demand from its smelters in the country and elsewhere, Johnny Undeli, Norsk Hydro’s executive vice president of bauxite and alumina, said.

    Hydro’s “short-term ambition” is to expand output of alumina, processed to make aluminum, to more than 6 million tons a year at the Alunorte plant in Brazil, up from about 5.8 million tons at present, Undeli said today in an interview in Rio de Janeiro. The company is taking a 91 percent stake in Alunorte as part of a takeover of aluminum units from Vale SA.

  • Bloomberg
    Norsk Hydro Profit More Than Doubles, Boosted by Surging Aluminum Prices
    By Meera Bhatia and Firat Kayakiran - Jul 27, 2010 1:37 AM PDT Tue Jul 27 08:37:56 UTC 2010

    Norsk Hydro ASA, Europe’s third- largest aluminum maker, said second-quarter profit more than doubled after prices for the metal surged 50 percent.

    Net income jumped to 503 million kroner ($82 million) from 211 million kroner a year earlier, Hydro said in a statement today. Sales rose 12 percent 19.8 billion kroner.

    “We will raise our estimates on the back of this report,” Samir Bendriss, head of research at Pareto Securities ASA in Oslo, wrote in a note today. “The stock should move up.”

    The company rose 1 percent to 35.30 kroner by 10:18 a.m. in Oslo trading. Realized aluminum prices in the quarter averaged $2,200 a metric ton, up from $1,468 a year earlier, it said.
    (end excerpt)

  • LMEWEEK-INTERVIEW-Norsk Hydro sees "promising" start to 2011
    2010.10.11 09:39

    * Global aluminium demand expected to rise 12 pct in 2010

    * Acquisition of Vale aluminium business expected by end '10

    * No plans to restart curtailed aluminium/alumina capacity

    By Rebekah Curtis

    LONDON, Oct 11 (Reuters) - Norsk Hydro NHY.OL expects a promising start to 2011 and has seen signs of improvement globally in the aluminium market, the Norwegian aluminium producer told Reuters in an interview.

    The German market had been "extraordinarily strong" in the last quarters, and Italy and Spain are moving in the right direction, Hydro Chief Executive Svein Richard Brandtzaeg said on Friday. He reaffirmed he sees demand growing 12 percent this year globally.

    "So far we see very healthy developments in the market, also in 2011," Brandtzaeg said. "I'm becoming more optimistic."

    There are signs overcapacity is gradually receding. "It is also a good signal that inventories are going down," he added.

    London Metal Exchange stocks of aluminium stand at 4.3 million tonnes, their lowest since June 2009 and having hit a record high above 4.6 million tonnes in January, according to Reuters data.

    However, Brandtzaeg said that he would like to see the surplus in the market reduce before restarting any curtailed capacity in aluminium or alumina.

    "What has been curtailed will remain curtailed for now," he said.

    Among developments, Hydro plans to increase its recycling of aluminium, having upped its recycling by 40 percent this year.

    Hydro's purchase of the aluminium business of Brazilian mining giant Vale's VALE5.SA is still expected to be completed by the end of the year, Brandtzaeg said. ID:nLDE6410H8

    "We are approaching the deal by the end of the quarter," he said.

    The company expects Qatalum, the Qatar aluminium smelter it co-owns with Qatar Petroleum, to be in full production of 600,000 tonnes by the end of the first quarter of 2011, Brandtzaeg said. ID:nLDE6870ES

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

    Take a Look on LME Week ID:nLDE69623J

  • Reply to

    When is the ex-dividend date?

    by escazicr5633 Aug 2, 2005 11:16 AM
    joeevani joeevani Aug 2, 2005 1:07 PM Flag

    According to Thomson Earnings.com, TNH goes ex-date 8/4. The record date is 8/8.

    The PPS may decline as we move toward the winter season and agriculture winds down.

  • Reply to

    Talk about volatility

    by lessbs Aug 3, 2005 3:47 PM
    joeevani joeevani Aug 4, 2005 2:19 PM Flag

    Congratulations on your buying TNH in the high 4's and on your holding up to now. It must be nice to have so much cushion.

    Those of us who bought TNH in the double digits might want to be mindful of a possible drop in the PPS during the winter months.

  • joeevani by joeevani Apr 6, 2005 2:44 PM Flag

    As a TNH shareholder, I'm not pleased with the recent drop in PPS, but TNH is entering its more profitable season, and it will probably pay a decent dividend in May...a good time to buy.

  • Reply to

    Natural Gas Prices going foward

    by very_interested_observer May 2, 2006 9:00 AM
    joeevani joeevani May 3, 2006 1:22 AM Flag

    TNH PPS 2005

    11-Apr-05 19.06
    1-Aug-05 33.30

  • Reply to

    buy the dips

    by beartooth777 Jul 20, 2007 11:53 AM
    joeevani joeevani Jul 23, 2007 3:15 PM Flag

    How will TNH and the sector perform when the growing season is over in most of North America? Will there be a longer-term dip during the winter months? If so, does it make any sense to take profit before the growing season ends and then buy during the winter?
    Thanks.

  • joeevani joeevani Aug 2, 2007 1:57 PM Flag

    "A market maker is a person or a firm who quotes both a buy and a sell price in a financial instrument or commodity, hoping to make a profit on the turn or the bid/offer spread."

  • joeevani by joeevani Aug 2, 2007 1:22 PM Flag

    After reading about TNH earnings, guidance, the strength of the sector, the 3.00 dividend, and the x-date being this Tuesday (8/7), I bought some shares.

    It's difficult to buy when others are selling, but this seems like a good entry point for the near term.

  • Reply to

    CVI New Feritlizer IPO just opened this AM

    by sizzletrader Oct 23, 2007 10:07 AM
    joeevani joeevani Oct 29, 2007 12:09 PM Flag

    Indeed, and it's been noted:

    "CVR Energy was acquired in 2005 by Coffeyville Acquisitions, LLC, a partnership of GS Capital Partners, the private equity arm of Goldman Sachs, and the private equity investment firm Kelso & Company."

  • joeevani joeevani Oct 29, 2007 2:29 PM Flag

    "Our nitrogen fertilizer plant is the only one of its kind in North America utilizing a coke gasification process to produce ammonia, and has significantly lower feedstock costs than all other predominantly natural gas-based fertilizer plants. We estimate that we would continue to have a production cost advantage in comparison to U.S. Gulf Coast ammonia producers at natural gas prices as low as $2.50 per million Btu. This cost advantage has been more pronounced in today�s natural gas price environment, as the reported Henry Hub natural gas price has fluctuated between $4.50 to $15.00 per million Btu since the end of 2003. The sustaining capital requirements for this business are low compared to its earnings and are expected to be in the range of $3 million to $5 million per year compared to operating income of our nitrogen fertilizer segment of $71.0 million for the combined twelve months ended December 31, 2005."

  • Today (8/28/08) Fast Money panelist Joe Terranova said that he is long on agricultural stocks.