A new member to the Yahoo message board as of yesterday, your first and only post on the yahoo message boards being this one. How many other aliases did you have already?
unprofessional? Save that word for this management team who over the past 4 years knew better then everybody else how to run this co. They didn't pay any attention to anyone's suggestions, advice, complaints,concerns. Not of analysts, not of investors.
And disrespectful? Save that one for Paul who attached comments about me without even knowing then in-depth about my background.
I'm basically an ex-shareholder now. Wish you well with the shares you hold in this co. I was lucky I got out without a loss.
Instead of mailing you I'm putting it on this message board for all to read:
Remember me? When you passed on my complaints about the management team to them with your comments attached that I was emotionally, did not understand the oil business, etc. Well guess what: I sold out almost all my shares around 12 to 13, switched into that Pinksheet (GMXAY) stock as another SFY long called it (up 47% there in 16 months) and shortly after that sold all the bonds also above Par. Make another guess who doesn't understand the oil business.
You have a great day now.
It's normal to buy bonds in lots of $ 1000 facevalue (thus 1 bond) or multiple of $ 1000 face value. If Scottrade requires you to buy 1000 bonds ($ 1 mln face value) they are crazy. They probably mean at minimum 1 bond with a face value of $ 1000. Most bonds have a $ 1000 face value.
1 trade for 1 mln + face value on the sell side was executed at 56.50, up 4.25 from yesterday's close. Although this was the only trade uptill now for today it shows prices are doing a bit better. 2016's also up 3 points on 1 trade of 1 mn face value
I held straight coupon bonds. They converted the bonds into equity. Anyone who didn't want to participate got stuck with bonds for which there was no market anymore. I know the 2016's are not converts.
Southwestern Energy to buy high quality Appalachia assets from Chesapeake Energy (CHK), but price is a little rich; maintain Hold but suspend tgt price -- Maxim Group (31.68 -4.01)
Maxim Group notes, SWN announced that it has agreed to acquire 413,000 net acres in West Virginia and Southwest Pennsylvania from CHK for $5.875 bln. The transaction will significantly diversify co's reserve profile to now include liquids rich assets in Southeastern Pennsylvania and West Virginia. Adjusting for production at $30,000 per BOE, SWN paid about $9,000/acre. The valuation appears rich given recent transaction values in the region and the sharp decline in commodity prices over the past several months.
It is a disaster, not only in Germany but in most european countries. I know as I from Holland and track these developments consistently.
if a majority of the 2016 bondholders agree for a stock swap, assuming this happens to be the case, then you will be forced to go along. I happened to me with Williams Communications bonds a few years ago.
If I recall correctly these wells are being drilled together with ENI. If so I think ENI will decide when the results are published so then it could very well take longer to get the news.
I need to look up some old notes on other oil cos but if I recall correctly they were realizing Net price realizations of around $ 50 p/b. Will try to look it up when I have a spare moment.
They had stated early september that they expected to have the results by late sept. Quick based his thought on this. But they pushed it out to mid october, could be even a bit later.
is that over the next 6 to 9 months KWK will be succesfull with the wells it (and it's partners) are drilling now. KWK has a good trackrecord of drilling succesful wells. Each well of about 350 oil barrels a day (KWK's stake) should enable KWK to increase it's revolver with $ 5 to 6 mln conservatively. That will enable them to start drilling another well.
Thus increasing it's oil based revenue substantially, thus leading to higher cashflow (which it can hopefully use to buy back the 2016's at these distressed levels, increase the stock price, increase it's proven reserve base and thus make it much more easier late next year to refinance the remaining 2016's. And that NG will start increasing going into winter.
Come mid october we will hopefully get good well results. All IMHDO.