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Chiquita Brands International Inc. Message Board

aruba270155 90 posts  |  Last Activity: Sep 19, 2014 4:29 PM Member since: Jun 15, 1999
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  • Reply to

    interest payment on bonds

    by aruba270155 Aug 15, 2014 2:37 PM
    aruba270155 aruba270155 Aug 16, 2014 11:11 AM Flag

    Interest was paid yesterday on the 2019's.

    Sentiment: Buy

  • aruba270155 aruba270155 Aug 15, 2014 11:27 AM Flag

    If a judge can say that VRNG's has no patent what's the use of counting on other patents that have been assigned by the US Patent Office?

  • Reply to

    KWK: continue downside in the near term

    by littledumbdoctor Aug 17, 2014 7:08 PM
    aruba270155 aruba270155 Aug 17, 2014 7:47 PM Flag

    seems you have a lot of spare time on your hands to be wasting your time on a stock you don't even own nor in which you see potential in the near-term. Probably you got nothing better to do with your time. Great life.

    Sentiment: Buy

  • Reply to

    GOING BELOW 0.50

    by ivan_g878 Sep 15, 2014 9:48 AM
    aruba270155 aruba270155 Sep 15, 2014 10:29 AM Flag

    you are lying, the bonds are not crashing, 2016's unchanged vs last friday, 2019's have not traded yet.

    Sentiment: Buy

  • aruba270155 by aruba270155 Sep 11, 2014 1:53 PM Flag

    Oil & Gas Exploration & Prodcution: Permian has its mojo back; initiation details for ATHL,EGN, RSPP -- Deutsche Bank (44.74 +0.08)

    Deutsche Bank notes, no longer in the shadows of the Eagle Ford and Williston Basin, the Permian is regaining its hold as top oil supply dog in the Lower 48 with current production over 1.7mmbpd. While the Permian never went away as a major player of US oil supply, the technology fueled growth of the Eagle Ford and Williston is just starting to make its impact in West Texas and New Mexico. With a large aerial landscape, well financed companies, and a supportive commodity backdrop, firm sees the Permian growth rate set to take off with plenty of running room.

    Sentiment: Buy

  • 06:06 SFY Swift Energy beats by $0.14, beats on revs; raises production volume guidance (11.71 )

    Reports Q2 (Jun) earnings of $0.18 per share, $0.14 better than the Capital IQ Consensus Estimate of $0.04; revenues rose 9.3% year/year to $155.7 mln vs the $138.54 mln consensus.

    Swift Energy's production increased 24% to 3.45 million barrels of oil equivalent duing the second quarter of 2014, when compared to second quarter 2013 production of 2.78 MMBoe, and a 17% increase over first quarter 2014 production of 2.94 MMBoe. This production growth was driven by the Company's Eagle Ford properties in South Texas, where second quarter 2014 production from the Eagle Ford formation was ~26,600 barrels of oil equivalent per day, an increase of ~71% compared to second quarter 2013 levels.
    "Based on the results of our first half 2014 operational efforts, we are increasing our currently estimated production volumes for the year from a range of 31.5 -- 32.3 thousand barrels of oil equivalent per day ("Mboe/d") to a range of 32.6 -- 33.2 Mboe/d. We also believe we can grow our 2015 production to a range of 34.5 -- 36.2 Mboe/d and align our anticipated cash flows with our capital investments."

    Sentiment: Buy

  • Reply to

    KWK bonds slammed again

    by mbawengineeringdegree Jul 11, 2014 5:13 PM
    aruba270155 aruba270155 Jul 13, 2014 12:19 PM Flag

    I don't think it's a gamble. I have reviewed the proven reserves value of KWK 2 weeks ago in-depth again and using a $ 4,50 average 2014 NG price think the proven reserves have a Net Value of around $ 2.05 billion vs Net LT debt of $ 1.98 bln. The potential reserves and acreage should have some value so IMHDO the bonds are safe.

    Sentiment: Buy

  • aruba270155 by aruba270155 Aug 19, 2014 11:21 AM Flag

    are doing a bit better with most trades (some in size) on the buy side, 2016's stable around 64,50, 2019's around 85.

    Sentiment: Buy

  • Reply to

    do not buy

    by mitjapari Aug 8, 2014 12:57 PM
    aruba270155 aruba270155 Aug 8, 2014 1:08 PM Flag

    BK seems highly unlikely to me. The co's proven developed reserves cover it's total debt. Then the undeveloped acreage is worth a lot also. The co's production is starting to increase and with the estimates for higher NG prices in the coming years it should enable the co to become profitable late 2015 and in the years beyond. The current weakness is due to (a) investors selling out as they are fed up with wiating for a HRB JV; (b) there is a huge flight to quality going on of late due to all the problems in the world (Russia, Irak, Gaza, etc.) thus putting pressure on KWK stock also and a lack for buyers for riskier assets. All IMHDO.

    Sentiment: Buy

  • The maturity date is still 1,5 years from now. As I posted already the co has enough time to bring more oil/gas wells into production thus increasing it's sales. it's cashflow, become profitable, etc. which will allow it to service it's debt, increase it's proven developed reserves base, increase it's capex which enables it to drill more wells, etc.etc. This will eventually lead to a much higher stock price and the ability to refinance the 2016's when they are due at much better terms then it would get now. The current stock price drop is IMHDO a normal retracement of the recent upmove from $ 1 back to $ 1,35.

    Sentiment: Buy

  • Reply to

    comments on permian:

    by aruba270155 Sep 11, 2014 1:53 PM
    aruba270155 aruba270155 Sep 11, 2014 4:17 PM Flag

    I don't know if an announcement will be made on this, approval or not, or if it has to be made. If they get approval and start buying this should be reflected in a higher bond price on higher volume then we have seen of late (last few weeks).

    Sentiment: Buy

  • Reply to

    KWK bonds slammed again

    by mbawengineeringdegree Jul 11, 2014 5:13 PM
    aruba270155 aruba270155 Jul 11, 2014 6:00 PM Flag

    the 2016 have been drifting lower over the past week from around 90 to now 85.623 (last trade). This occurred on very low volume consisting of small lots. It;'s more due to lack of buying interest and some small selling. They have become dirt cheap IMHDO.

    Sentiment: Buy

  • Reply to

    do not buy

    by mitjapari Aug 8, 2014 12:57 PM
    aruba270155 aruba270155 Aug 8, 2014 3:53 PM Flag

    Go do a google search on what companies paid per unproven acreage in the Horn River and you may get a good idea about what KWK"s acreage it worth at minimum. Do some sound research before posting.

    Sentiment: Buy

  • aruba270155 by aruba270155 Aug 16, 2014 3:37 PM Flag

    I think that due to the ongoing problems with Russia and ISIS in the Middle East the value of oil and gas assets in the U.S.A. will have to become more and more important for those countries who don't have enough own resources of oil/gas. There has been a huge fundamental change in the fundamental attitude of Europe vs Russia, I'm dutch and track the developments in Europe on a dially basis. The confidence of Europa in Russia has been completed shattered and major backers of Russia (Germany. the Netherlands) have changed their attitude so Europe wants to free itself from it's dependence (30% of it needs) on Russia's NG. Then we have the ISIS wracking disaster in great parts of Syria/Irak and they most probably want to expand their power to the whole of the Middle East. And they hate the West. What happens if they control more and more of the Middle East oil/gas assets? I for one think that in the longer-term we will be seeing more and more buying of US based oil/gas assets by foreign companies. Hope this may be beneficial to KWK also.

    Sentiment: Buy

  • Reply to

    interest payment on bonds

    by aruba270155 Aug 15, 2014 2:37 PM
    aruba270155 aruba270155 Aug 17, 2014 11:41 AM Flag

    I think that the 2016's are way undervalued. This is due to: (a) tremendous flight to safety which has been ongoing in the markets since the Ukraine problem started; (b)and in the past few weeks huge outflows of money from the high yield market due to fear of rate increases by the Fed has put more downside on all HY bonds; (c) add to that disappointment with the 2016's holders that the co still has not announced a HRB deal of which the proceeds would be used to redeem the 2016's; (d) and the markets don't know what the unproven reserves and acreage of KWK are worth as the co has never given an indication of this except say that HRB could hold 14 Tcfe reserves potentially; and (a) and (b) leading to downward pressure with almost no buying interest created a completely illiquid market thus extending the downside in the bonds tremendously. You can see this in the daily trading range of almost 10 points. Small sell orders are being filled around the 55 level and 1 mln plus purchases are filled around 64 to 65 level. I think we should see some stabilization starting around the 62 - 64 level which will be followed by higher prices as we move into Q4 2014 as I then expect the co to announce asset sales or a JV. It takes a couple of months to give interested parties the time to do their DD.

    Sentiment: Buy

  • Reply to

    interest payment on bonds

    by aruba270155 Aug 15, 2014 2:37 PM
    aruba270155 aruba270155 Aug 17, 2014 1:08 PM Flag

    Forgot to add this: last year before the refinancing of debt was announced the 2016's were trading in the low 80's. Once refinancing was announced they moved towards between 96 to 102. Because they were not refinanced they dropped back towards the low 90's. And then crashed in tha last few months. The co has made fundamental progress between before the refinancing announcement and now: they are increasing their annual production, they have lowered their costs, they are drilling more wells, and they have pushed out some maturities, and NG prices on average are higher in 2014 then they have been in 2013 thus increasing the value of the reserves. And estimates are that NG will be higher in 2014, 2015, 2016and 2017 then they are now. I don't see any justification for the bonds at the current levels.

    Sentiment: Buy

  • aruba270155 by aruba270155 Aug 21, 2014 3:50 PM Flag

    higher on small trades, now around 68. 2019's steady at 86

    Sentiment: Buy

  • Reply to

    comments on permian:

    by aruba270155 Sep 11, 2014 1:53 PM
    aruba270155 aruba270155 Sep 11, 2014 3:22 PM Flag

    I still hold them. They have been trading over the last week or so between 61-62 (when selling) and 64-65 when buying. Today they are a bit lower between 59.25 (just a few small lots) and 62-63 (reasonable volume).

    Sentiment: Buy

  • Reply to

    Bond Prices Panic?

    by fiberbull Sep 19, 2014 6:25 AM
    aruba270155 aruba270155 Sep 19, 2014 9:09 AM Flag

    I wouldn't call it panic. The market in the KWK bonds is very illiquid for a while now so small sell orders get executed at low prices (around 55) and when one buys one has to pay 3 to 4 points more then the sell prices on small lots. There has not been meaningful trading volume in the bonds of late. Is this your first ever post on KWK?

    Sentiment: Buy

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