Recent

% | $
Quotes you view appear here for quick access.

Broadcom Corp. Message Board

bigbear.2010 103 posts  |  Last Activity: 17 hours ago Member since: Feb 7, 2010
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Relax Folks

    by wildislife 17 hours ago
    bigbear.2010 bigbear.2010 17 hours ago Flag

    I feel you pain. You are not alone on this ship. Our hope has to be that at some point sanity will come to the Saudis's as they are the only ones who can turn this boat around.in a reasonable time. Haven't read the CC yet but, from what the Widman post the qtr was good. IMHO this is an excellent management team. It is the one thing that the company has going for it. They are proactive, yet reactive and think outside the box. This oil thing caught everyone with their pants down even the big boys so personally I just want them to stay afloat until this oil price war stabilizes. Then we can gather the harvest.
    da bear

  • bigbear.2010 bigbear.2010 17 hours ago Flag

    When you are the hinge pin of oil prices you can successfully-no brainier-do that. I would be surprised if they did not use that to their advantage..

  • bigbear.2010 bigbear.2010 17 hours ago Flag

    Agree, oil is now a geopolitical weapon and the bull-works of many economies. Some like Nigeria, Venezuela and Russia have to produce as much as they can no matter the price. Throw in Iran and you have a lot of downward pressure on oil as the Saudi's continually show no signs they will lower their production. In fact they are increasing it.

    da bear

  • bigbear.2010 bigbear.2010 17 hours ago Flag

    Interesting. Thanks for the post.
    da bear

  • Reply to

    Is ARP Dividend safe ?

    by northjjn Jul 30, 2015 11:09 AM
    bigbear.2010 bigbear.2010 Jul 30, 2015 1:47 PM Flag

    Good point Kelly. A small but, important tid-bit . It would be strange for them to buy knowing a cut was coming.
    da bear

  • Reply to

    MEMP is an outstanding buy

    by kxviswan Jul 30, 2015 12:13 PM
    bigbear.2010 bigbear.2010 Jul 30, 2015 1:25 PM Flag

    Agree with your analysis in general but, from what I have read the consensus of opinion from most people including top oil executives is that recovery to $70= pricing will not occur this year. Many suggest 2nd half of 2016. Simply too much oil available now from those countries who have to produce and sell at any cost simply to survive. It is true, that known reserves are now being used up faster than they are being replenished but, that is a problem to be faced sometime in the 2017-18 or even farther out. The most important point is that MEMP will be standing when pries do turn upward.
    da bear

  • Reply to

    Is ARP Dividend safe ?

    by northjjn Jul 30, 2015 11:09 AM
    bigbear.2010 bigbear.2010 Jul 30, 2015 12:09 PM Flag

    Difficult to say with LINN's announcement today? That was kind of a surprise but,not that totally out of nowhere. Many had surmised that they had debt problems coming up that needed some action. There was a lot of chatter about a 50% cut. There is chatter here also about a dist. reduction but,ARP is not in the same situation so who knows. A cut or reduction seems to be priced in by the market so anything is simply a guess in this environment.

  • bigbear.2010 by bigbear.2010 Jul 30, 2015 11:37 AM Flag

    Are we now in a scenario where everyone thinks the dist. is gone due to LINN's dist. suspension announcement?

  • Reply to

    Still Expect $1.60 divy and cut

    by lbrecken Jul 30, 2015 10:33 AM
    bigbear.2010 bigbear.2010 Jul 30, 2015 11:30 AM Flag

    All indications point to a better qtr this report. If they continue to get cost under control there, IMHO will not be a cut. Management seems very committed to the dist. What signs do you see that would indicate otherwise?
    da bear

  • Reply to

    So this just comes down to the fact

    by kidmikey2 Jul 29, 2015 10:34 AM
    bigbear.2010 bigbear.2010 Jul 29, 2015 5:07 PM Flag

    pvb, I am sure they have a number of banks as customers but, Robobak-I don't think they are a bank-accounted for over 30% of their revenue for the first two quarters. In actuality, according to them, "combined revenues from all other customers excluding Rotobank, decreased by less than 10% for the second quarter of 2015." This type of positive negative statement makes me think that most of the increase in revenue came from Robobank. I made the assumption that they were some type of distributor due to their volume. It also seemed to me that in their sales model the emphasis is to sell more to existing customers as getting new customers is a long drawn out affair. The HSBC sale for example appeared to be an add on type sale.
    da bear

  • Reply to

    So this just comes down to the fact

    by kidmikey2 Jul 29, 2015 10:34 AM
    bigbear.2010 bigbear.2010 Jul 29, 2015 1:59 PM Flag

    You comment is very interesting and appears to have some merit. After reading the CC it also appeared to me that one customer has made up the major increase in sales. Perhaps this is due to the way the industry is structured where a company picks and a product and sells it exclusively as that manufacturer's sole agent in that market sector. I was in, due to a stock pick service to which I subscribe and really should have done more DD myself before buying although last week we did get an alert to get out as the momentum here had peaked. Sold the stock but, kept, the options so I guess I am still in as I tried to second guess the experts. Maybe, some one can clarify this one big customer issue. Other than a flat send half the CC seemed "OK". Of course forward guidance has to be always upbeat in nature.. Do the shorts have it right as good is not good enough.
    da bear

  • Reply to

    $70 - $80 WTI by End of Year (?)

    by dennis_harrison55 Jul 28, 2015 10:58 PM
    bigbear.2010 bigbear.2010 Jul 29, 2015 10:41 AM Flag

    I wish I could agree with you but, in the short term we will be running into the fall season when historically demand decreases until year end. IMHO from the research I have done we will most Likely see $45-$65 bbl oil until second quarter 2016. US producers must produce to stay alive and meet debt covenants and cash flow requirements.so they will continue to produce and even try to up there game as they now need more oil to produce the needed revenue to survive. Exploratory well drilling will be curtained and only known "sweet spots" will get additional wells. Of course, that bars out any thing happening in the unpredictable Middle East.
    da bear.

  • Reply to

    arp is a gas co

    by harehau Jul 26, 2015 8:53 AM
    bigbear.2010 bigbear.2010 Jul 29, 2015 10:24 AM Flag

    I agree, Industry has already cut per barrel drilling cost by 38%. It continue to reduce cost but, most likely by a reducing amount of increase per year. That is, unless some technical breakthrough is developed..
    da bear

  • bigbear.2010 bigbear.2010 Jul 29, 2015 10:01 AM Flag

    Another idiot poster.

  • Reply to

    This is more like it!

    by j157272 Jul 28, 2015 10:45 AM
    bigbear.2010 bigbear.2010 Jul 29, 2015 9:58 AM Flag

    From what I read in the CC report company seems to be performing well. Most investors do not realize how well hedged -maybe too well-hedged they are for a period of rising rates. This is historically an unproductive period for stocks and the fear index is wy up there so we are in for a bumpy ride regarding the pps until the fall.
    I would guess that technically even with those in at the high's are beginning to go positive on total return by this divvy period so there appears to be some light at the end of this tunnel.

  • Reply to

    arp is a gas co

    by harehau Jul 26, 2015 8:53 AM
    bigbear.2010 bigbear.2010 Jul 28, 2015 1:14 PM Flag

    Sir, perhaps you do not comprehend the underlying fundamentals of oil and gas pricing. Oil although it makes up a smaller percentage of unit output than gas actually contributes about 70+%-is what I last read-of revenue. You are making a classic mistake of many new to these upstream MLP's. Revenue not production units are what you must measure.
    da bear

  • Reply to

    Patience

    by schieboutz Jul 27, 2015 11:05 AM
    bigbear.2010 bigbear.2010 Jul 28, 2015 10:50 AM Flag

    Agree, These MLP's have been a rough ride. I have never seen the selling frenzy that has occurred in the upstream sector. Memp is unquestionably in the best position of all and if you have the stomach and patience you could prosper nicely. IMHO,3 years is a lifetime in the oil industry and a lot can change before 2020.

  • Reply to

    Huge sell off coming tuesday morning.

    by michaelrgiroux Jul 26, 2015 7:11 AM
    bigbear.2010 bigbear.2010 Jul 27, 2015 2:47 PM Flag

    domore, GAP accounting numbers have been positive. $1.30 is good news as it covers the divvy and then some. My only concern is those hedges protecting against increased interest rate hitting NAV again. Hopefully, they took the full write-off last quarter. From the way I read in their CC release they did just that, so IMHO-if that is true-we should be "OK".
    da bear

  • Reply to

    Huge sell off coming tuesday morning.

    by michaelrgiroux Jul 26, 2015 7:11 AM
    bigbear.2010 bigbear.2010 Jul 27, 2015 1:39 PM Flag

    The circus must be in town. I have this clown on ignore for some reason I have have long forgotten so he has to be one of those posters with an IQ lower than his age.
    da bear

  • bigbear.2010 bigbear.2010 Jul 24, 2015 4:14 PM Flag

    You are one sorry poster. Every site I see you on all you do is this same #$%$. You contribute nothing and just bash, bash, bash. Buy some stock-if you can-and contribute something other than your baseless idiotic comments.

BRCM
50.61-0.74(-1.44%)Jul 31 4:00 PMEDT