Market Anthropology chart site has written extensively about a big rebound coming in silver, feels recent price declines are a potential double bottom with big increases coming in silver soon.. mostly technical analysis, interesting site. many charts comparing slv to other historical chart patterns.. so exk would benefit for sure. since the markets are "rigged" and hedgies and computers drive trading, technicals are increasingly important imo. at least short term 3=6mo
there sure is a lot of spam going on these boards these days. I heard yoohoo is one of the sites you have to watch for heartbleed, scary times online for sure.
yes we get the .0875 CA$ dist this month, next week actually, then the 2cents worth next mo. I can buy 300 shares with the last good dist .lol . actually probably going to use it for DSL pays .15mo; on my radar. still burned out from this one, ate up everything i made on longview buyout and then some,,, heard a good manager saying there is nothing wrong with cash, bonds and stocks are not cheap now. may buy some spyglass-- sglrf or dsl.. doubleline income /newer fund.. both I would also consider speculative although dsl less so..
posted today, 4/17 date, under the investor heading.
updated compensation, mgmt. share holdings, Chairman/Aston Hill chair, Tremblay has 96k plus shares, all mgmt. and directors own units, not just the perfunctory 500 or 5k share positions most directors own, so they "lost" too, their appreciation units are valueless at this time..
Mr. Brussa, one board of directors member, is particularly well connected on the board of Baytex, TBE and others. that could help w joint ventures or asset sales etc if any-- nothing really new on there to move the shares yet of course, but worth reading for something new other than all this speculation which is meaningless. I am suspecting Elzner is working hard to make a lot of progress in the next month. Tremblay surely has a lot of connections as well. a speculative hold for me for now. .02 dist declared today also. sad.
including ceo who sold shares in the recent offering. interesting since shares are on the low end of their 1yr price range. so they are getting all these funds together to further grow the company while selling their own shares, a minor negative imo
agree, probably safe div, how interesting that MPW can get $300m at 5.5% today! of course they sold shares recently too, including the CEO, a lot of insider sales over there. but there is a lot of property changing hands these days, consolidation in reits and commercial property for sure. I think SNH is flat money range bound for a while. 21-24ish, w good yield.
apparently they are lining up the financing for acquisition of properties to continue to grow the reit, agree that 5.5% is a great rate. of course they have sold bunch of common shares including ceo who let cashed out some of his shares in the sale recently, also for upcoming property buys. no matter a persons opinion on ACA/Obamacare, it will help medical property reits for sure.
they said when they bought the new properties they would be financing with equity, deal is supposed to close end of may. I really wish they had done a low cost preferred instead, they may have been able to get one out at under 7 percent dividend. but that is what these reits do, they issues shares to grow. so it has been expected. I think the shares have done really well here for sure, back up at 22.41 recent trade. so at least that is out of the way. nice yield stock for sure, not much in the way of growth. if and when inflation comes back, all this real estate and rent increase potential is a good hedge. the other nice thing about equity is there is no debt due somewhere down the road that has to be refi when interest rates are probably going to be higher.. oh well.
apparently a few analyst upgrades, fav comments from CA analysts etc., on the TMX many trades of 10k shares or higher. probably some funds getting in. with 45kboe/day production, mostly light oil, there is certainly value here.
good news today, sale to Frehold Royalty of some assets as per plan, no real change to outlook, paying down debt, line of credit extended to 2017, line of credit reduced in line w debt reduction. hopefully this nice slow climb from bottom indicates continued new long term buyers of shares, maybe some mutual funds, other bigger investors as well.
bill- with no credibility by management it will be a long process to rebuild trust. I think they need their many years of connected contacts to bail them out. unless there is a positive announcement to make, I would prefer them to shut up now. there are buyers on the side of each sell. so the battle will continue until some credibility is restored. the NAV net of debt appears to be higher than the current price, but who knows. tucked in the conf call was a good question- what will the bankers do? it comes up in May. If they don't pull or change the Line of Credit, that would be a good sign. Oil/NG continue high which helps. they are raiding Eagle now, down again big today. mgmt. turned around Parallel and Crius trusts this year, Eric Tremblays and Aston Hill's reputation is on the line, I am sure they are scrambling to put in some kind of fix as they are also deep in the stock and debentures in their Aston Hill funds and personally. I consider this a speculative painful hold for now for me personally. It could go to $2, stabilize or hit $4 w a big bunch of positive news releases. some small solace again here, they did not eliminate the distribution completely. watching and waiting just like you, focusing mostly on my other holdings now, LSTMF doing ok for me, if they can turn around that mess, anything is possible!
that conference call was the joke of all jokes. analysts banks who sold this trust, it's subsequent offerings including 125m in conv deb's as recent as 7mo ago were laughable in their questioning. Prokop will take a bath on his shares but he is made whole w $2m on 4/30 "good bye thank you for ruining a good potential idea with bad investments etc" the one small solace I have is an independent analysis of assets done 12/31/13 for year end if that means anything.. then there is value here. does it deserve a $3 price when comparable div payer models like Spyglass and Twin Butte yield much more? when majors like Crescent Point and Baytex give you 8% too? seems unlikely. hope is no way to invest- but I do hope an activist or hedgie was buying in the frenzy this week when 10m shares traded. if someone shows up w 9.9% of the shares (6m or so) that would open remaining mgmt.'s eyes up. Aston Hill/Tremblay's credibility is destroyed imo; he seemed in a daze on the call. like he can't believe this either. Aston Hill did turn around a few Brompton funds I used to own, Oil and Gas and VIP Income, now "Aston Hill" labeled. It seems like he is forcing this on Argent too, cutting debt/leverage, paying a reasonable distribution and reassessing strategy. But that again is the pipe smoke I am "smoking" now to calm me a little. my avg cost is now 5.70US so I am 50% whacked here. unless there is some speculative/activist/hedgie activity in the next few months, this becomes a tax loss selling candidate for Oct/Nov/Dec, so 1.75-$2 seems likely at that point. this is now part of my baggage for sure!! take care. Bea
I just listened to the conference call "new strategy" is to pay down debt, maintain production at 6kboe, flesh out opportunities in places like Kansas where there is CO2 and frack potential increases available at low cost to increase, blah blah blah. really nothing new. analysts asked a lot of questions, was pretty quiet considering the flim flam nature of events in 2014 to date for sure. new presentation on website, basically the same, saying they are worth 7.93sh, bank debt stable, 4 new wells potential to come on by end of 2nd q.. blah blah blah. the "drip" will continue as a normal drip, not a premium discount drip. i will hold for now, sure pays to be diversified for sure. unfortunately this happens every day. look at sears scam shares, Line, Boardwalk Pipeline. all those who bot Line at 42 it is at 28. Boardwalk, $13. oh well. waiting for the Jim Jones Argent Koolaid to wear off, it may be a while!!
the rigging of things continues.. cant trust anything anymore it seems. being diversified helps somewhat
burned by argent for sure! omg. anyhoo, I am concerned about eagle having the same premium drip w share price down and rolling dilution. I hope you are right on this one, I think there is more pain ahead they need a capitulation bottom low like parallel and crius had. and that was a good buying point in both. for eagle this would be around $6CA/ 5.40US of course argent is a bottomless pit although it is flat today. gltyou focusing on high yielding pfd's for a while to ease my argent pain.. lstmf is doing well a small consolation, longview take out helped me too. thankfully Russia sabre rattling and oil/ng are doing quite well, good cash flow helps some of these speed bumps
no one drank more of this mgmts. Jim Jones Koolaid than I did, waiting to see the new presentation and news releases which are sure to be coming. apparently BMO is the "agent" they hired to shop something to pay down debt. agree eagle may be next target, while they have less debt they are not diversified very well. in a daze yesterday (!) I re-read the financials just released 3/31 (!) and PV estimates by the "auditor" of the properties; of course today all the CA banks are downgrading w $4CA targets.. even before today's conference call by board. have seen worse POS like superior plus, enercare (formerly consumers water heaters) w worse mgmt. turn these companies around, longview take out helped me this year along with lightstream up from lows. another turnaround for me was innvest CA reit.. shares are flat so far at 3.50 on TMX back to the detailed financials and auditors rept of PV done 2/2014, $693mil?? net of debt 7.93 NAV? oh well we'll see. I think the people who sold all these assets in KS, WY, OK, TX saw this bunch coming. some small solace- it is OIL/NG! and has value for sure. debt is not "due" till 2018 and the draw on line of credit is not the max, "only" 90m on 160m avail. so I am watching,not selling or buying any more yet. sorry to ramble, trying to look at other stocks now. Bea the sucker! makes me leary of Canexus another potentially troubled mgmt. w high yield.. take care, GLTA.
was there a flash crash or after hours trade or something? marketwtch is showing 22.35... yoohoo is a mess for sure. can't get into my Portfolio's, maybe they are testing fixes for heartbleed security mess of something. very frustrating with an active market.
Sentiment: Strong Buy