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Tenneco Inc. Message Board

PMDonovan1 6 posts  |  Last Activity: Jun 10, 2016 3:30 PM Member since: Jun 8, 2000
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  • Reply to

    Will Northshore Supply MT ?

    by rmcnicoll May 31, 2016 11:08 AM
    pmdonovan1 pmdonovan1 Jun 10, 2016 3:30 PM Flag

    Good questions; I don't know. It would be nice if it were MSB.

  • Reply to

    Rumors and Cautionary prospects from the Trustees

    by mexcom May 3, 2016 2:46 PM
    pmdonovan1 pmdonovan1 May 4, 2016 2:54 PM Flag

    Thumbs Up/Down should be 1 up & 3 down. Fat fingers on my part resulted in a down instead of an up. :)

  • pmdonovan1 by pmdonovan1 Apr 30, 2016 1:29 AM Flag

    MSB trades on hopes vs. reality.

    The reality is that it MSB sitting on the largest iron ore pile in the mid-west. The center of USA and Canadian ore production.

    It's true economic value is subject to the vagaries in IO pricing and how clear the St. Lawrence River is at a given point in time. IMHO, too many buyers and sellers focus on news that has nothing to do with whether MSB will receive royalties or not.

    I am not against these trades, I find them amusing after holding MSB for 25 years. Instead, I rely on the many on this board who post facts and estimates based on facts.

    Those who post to this board to express opinions without facts or data based opinions are good for laughs. My hope is that traders do not drive away other investors such as me.

    Sentiment: Strong Buy

  • It's interesting as the price kept dropping lower and lower on the decrease in the oil price that no one thought of what was happening with all the oil that the hedgers and arbitrageurs were buying. Guess some people didn't read the 10-Qs and !0-Ks which said over and over again that almost half of NS' revenue comes from storage.

    As the oil in storage keeps increasing, then NS tugs on the short hairs and we get the cash distribution coverage. On the other hand, if demand increases then NS owns the pipe lines. Again, a few tugs of the short hairs and we get another profitable quarter's coverage of the distribution rate.

  • Reply to

    USS pellet production to MT

    by tbeau2 Apr 20, 2016 3:46 PM
    pmdonovan1 pmdonovan1 Apr 21, 2016 9:59 AM Flag

    Here is the bottom line at the end of the Barrons' article:

    "No one seems to worried yet. Shares of Cliffs Natural Resources have gained 4% to $4.90 at 9:36 a.m. today, while U.S. Steel has advance d2.1% to $20.46, and ArcelorMittal has risen 4.3% to $6.12 after getting upgraded to Buy from Hold at Jefferies."

  • Reply to

    Mesabi - April 14 10-K

    by rmcnicoll Apr 15, 2016 10:47 AM
    pmdonovan1 pmdonovan1 Apr 15, 2016 11:21 AM Flag

    Conservative trustees, I guess they don't want to dun the unit trust holders for payments due to CFL. :) A joke, they are fiduciaries and have to keep the cash on hand.

48.77-6.32(-11.47%)Jun 24 4:06 PMEDT