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Energy Transfer Partners, L.P. Message Board

mac94921 16 posts  |  Last Activity: 4 hours ago Member since: Dec 31, 1998
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  • Wow! It looks like Yahoo finally listened to people and brought the old board back. Very surprising.

  • Reply to

    Barrons

    by arxxmuse Jul 7, 2016 4:53 PM
    mac94921 mac94921 Jul 8, 2016 12:00 PM Flag

    Thanks for the link, great quote "Then you’ve had the advent of energy recovery devices. In a reverse osmosis process you’re pressing all this seawater through a membrane at really high pressure. It used to be on the other side that you had a relief valve, now you run these micro-turbines on the other side and re-use that pressure. Energy Recovery Inc. ( ERII ) is a leading company in that space and everyone uses it. In Tianjin, we saw the largest desal plant in China and they were using devices made by Energy Recovery. "
    I can not understand the shorts picking on ERII. The only explanation I can come up with is that the Hedge Funds are hurting so bad the last couple of years that they have make up some BS and attack a company. That works in the short term but not the long term.
    I will have to go over the transcript of the last conference call but if I remember correctly the first milestone should be reached for Schlumberger this qtr resulting in a $25 million payment. We should have a nice run up to the low teens pretty quick I would think.

    Sentiment: Strong Buy

  • Reply to

    Why the decline?

    by egkgph Jun 17, 2016 12:58 PM
    mac94921 mac94921 Jun 20, 2016 6:33 PM Flag

    I saw that sale also so I went to the SEC site and looked at all the form 4s. There have been some Director sales but more importantly to me there are buys from guys that work there, not just show up for some meeting every once in a while. I bought some more and will just sit on them, like the ones I bought in the 2's, 4s and 6s.

    Sentiment: Strong Buy

  • mac94921 by mac94921 Jun 8, 2016 10:01 AM Flag

    Yesterday, after the close, an Insider Buy form was filed by Chris Gannon, ERII CFO. He bought 6350 shares at $10.96. It was a direct open market purchase, not options.
    ERII is also breaking out of it's short term down trend line.

    Sentiment: Strong Buy

  • Reply to

    New presentation...

    by mac94921 Jun 7, 2016 12:31 PM
    mac94921 mac94921 Jun 8, 2016 9:46 AM Flag

    Nialla44 let me quote the presentation on page 14 referring to 2017 " SLB Deployment Begin Ramp to $80 - $200 Million per annum" .

    Sentiment: Strong Buy

  • I would type the link but I believe Yahoo does not allow it. Just go to sec.gov then type in ERII under company symbol and it will be the first filing.
    Grab a cup of coffee, or more appropriately a celebratory cocktail, sit back and soak it all in. I believe there is new material in the presentation, could be wrong and if so I am sure somebody will let me know. On page 13 under Vorteq there is what is described as "Centrifugal Pump Model". Further description is "New Pumping Model With 3 to 4 Centrifugal Pumps". This is opposed to the current model that has around 12 pumps! The presentation, I assume, is suppose to include a person discussing the slides, without it leads to some confusion. As I understand it, the slide states that with this new model there is a savings of $8 to $12 million per year savings per fleet ( I would also assume fleet means complete drilling rig set, ie 3 pumps instead of 12).
    Slide 15 makes me believe my assumptions are correct because it discusses "Existing Pumping Model" and "New Pumping Model". Existing coming on line in 2017 with $1.5 million annual royalty per installed Vorteq ($80 to $200 million annually royalty!) 100% fleet penetration by 2022 and if not it is take or pay agreement. New pump conversion to start 2020 full conversion by 2025 with increased royalties.
    "On schedule to achieve milestone one and two in 2016 resulting in $50 Million in revenue", which we learned from the last conference call to be at 100% margin due to expenses all ready booked.
    Oh, I almost forgot, they are in the desal business with 60% margins and have some products called IsoGen and IsoBoost.

    Sentiment: Strong Buy

  • Eric Siebert, VP Corporate Strategy, purchased 21,389 shares at $9.51 on Tuesday. It was an open market purchase, not options. Nice to see a good size buy from an employee.

    Sentiment: Strong Buy

  • Yesterday we were down almost $1.50 on 3.3 million shares. Today we are up $1.13 on less than 150,000 shares as I write this. As Harvey said this sets us up on a massive short squeeze. New highs?

    Sentiment: Strong Buy

  • Nice message to come out with. $10 mln is only 10% of the cash they have on hand. Now announce the signing of some of the contracts.

    Sentiment: Strong Buy

  • mac94921 by mac94921 May 24, 2016 1:23 PM Flag

    Do a search of Cannell Capital, not much there. I found it odd that no name was listed of the author, just a "company". Click on the link to Cannell, no website just a link to send them a note. Do a Google search, the same thing happens when you click on what appears to be their website, just a link to send them a note.
    Do a search on "Tipranks", who ranks investment writers. Total return if you followed their advice since 2012 3.6% annualized. It looks like they have somewhere between 1 and 10 employees. Some sites say 2 some say 4.
    In the hit piece they say read the response to the lawsuit. I can not find it anywhere. Not in Court filings with the Northern California District Court, SEC filings ( SEC filings only mention that Barnes filed a lawsuit) or let alone attached to the hit piece which they say it has attached. I did find Court documents where Barnes admitted taking documents from ERII and he agreed to give copies to ERII. He also says he destroyed the documents on his computer and ERII paid for a company to come into his home and verify that. Ok, so he is an admitted #$%$.
    My take is this is nothing. ERII will have a response and one of the brokerage houses will say buy on weakness and then we will have a nice short squeeze. I got my additional stock at $9.10 along with the other purchases I previously mentioned and plan on adding more.

    Sentiment: Strong Buy

  • mac94921 by mac94921 May 24, 2016 11:18 AM Flag

    What a bunch of BS, the lawsuit makes him look like an idiot: " ERI's stock was undervalued...and worth $30 per share" "IsoBoost and IsoGen were mature products" how can something be a mature product without any sales at the time of him negotiating for the job; "That Barnes would be responsible for the development and commercialization of the Vorteq" how is a sales guy going to develop (ie engineer) Vorteq! "ERI's stock was getting ready to take off" well Barnes it did and you are #$%$ because it left you behind. I guess you also did not hear about a depression in the oil and gas markets over the last few years that delayed purchase orders and cause delays. From what I read it looks like Barnes is claiming that these things were said to him, if he does not have them in writing he has sh__...as if Rooney and Gay would put in writing to him that the stock is worth $30 per share.
    I will have to find the response to the lawsuit, the hit piece said it was attached but I did not see it (probably on purpose).

    Sentiment: Strong Buy

  • Reply to

    Hit Piece in SA

    by arxxmuse May 24, 2016 9:15 AM
    mac94921 mac94921 May 24, 2016 10:27 AM Flag

    I have been buying, 10.12, 9.25, 9.18 and a bid at 9.10. The stock has had a restriction on it for a few days due to shorts, supposedly you would need an uptick to short it...as if that would stop them. Also the firm I use list it as "Hard to borrow".
    From reading the article IMHO it looks like old news. I would expect some brokerage firms to come out and recommend it later this morning. Also from the conference call it was mentioned that some big contracts that they were working on should be announced in this time frame.
    I am a believer so I am a buyer.

    Sentiment: Strong Buy

  • Reply to

    Bloomberg article on Schlumberger...

    by mac94921 May 23, 2016 10:33 AM
    mac94921 mac94921 May 23, 2016 10:52 AM Flag

    In the article it is mentioned that SLB bought a company called Cameron for $15 Billion. This is the description of Cameron "Cameron Corporation, CCC) is a Schlumberger company and a global provider of pressure control, processing, flow control and compression systems as well as project management and aftermarket services for the oil and gas and process industries". Sounds like a perfect fit for including ERII. My bet is that SLB buys ERII with in 12 months, after the field test are done and milestones reached. Vorteq is just one piece that would fit very well into SLB. Bare minimum $20 per share, that is less than $1.1 Billion total price.

    Sentiment: Strong Buy

  • "For Oil's Future, See Schlumberger" is the title ( Yahoo does not allow links). You can see how ERII fits into a global Slumberger strategy.

  • mac94921 mac94921 May 7, 2016 12:13 PM Flag

    I think the guys question was in reference to the IsoBoost but Joel went on about desal as you mentioned. In reference to IsoBoost this is what Joel said earlier in the call "we are in the final phases of negotiating the outstanding legal terms of the contract and ultimately the purchase order with the EPC, who, for a number of reasons, we cannot name. But I'd say we're less than two, three weeks outside of securing that contract, and we'll issue a press release in tandem." Therefore over the next 2 to 3 weeks we should have announcements on both desal and IsoBoost.
    Here are a couple other things that jumped out at me: "we remain confident that we will achieve both milestones in 2016." that was in regards to Schlumberger ( an additional 50 Mil revenue for 2016 at 100% gross margin); " we have increased our engineering headcount and are targeting adding an incremental 10 technologies by the yearend." 10 new technologies by year end! Add that with 100% gross margin on the Shlumberger milestone and people sold due to the rev and expense numbers being a little high! Makes no sense to me; "revenue prospects for 2016 in desalination being at least as good as that which we experienced in 2015, which is to say, you know, your revenue last year, $43 million, $44 million, we believe that we can achieve at least that within desalination this year, and of course we have quarterly amortization of the exclusivity fee of around $1.25 million or $5 million for the year" $44 + 5 + 50 and we are darn close to $100 mil in revenue for 2016. Half at 100% gross margin and the rest at around 66%, those are some pretty impressive numbers.
    I think Joel is doing a great job and the licensing business that he is setting up could be a huge cash flow generator for the future. We could see substantial dividends in the future, but more likely somebody is going to buy them out. Speaking of buying, I picked up more on the sell off. Although high, I would not be surprised to see $20 by year end.

    Sentiment: Strong Buy

  • Reply to

    Seriously impressive Q1!!! Well done ERII

    by mobirules May 4, 2016 7:17 PM
    mac94921 mac94921 May 5, 2016 10:25 AM Flag

    Yes the numbers on the surface did not look great compared to what analyst were looking for, but with a growth company like this I would say close enough. More importantly "With respect to the Schlumberger agreement, we have mobilized for the first milestone test and remain confident that both milestones will be achieved in 2016 thereby triggering an incremental $50 million in contract payments." that comment was buried in the press release. IMO that milestone makes up for the miss on the expectations.
    This is why they should have not had an entire trading day between the earnings release and the conference call. Once Joel explains everything the stock will be back up, IMO.

    Sentiment: Strong Buy

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