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MFA Financial, Inc. Message Board

bobdbeck 197 posts  |  Last Activity: 6 hours ago Member since: Oct 7, 1999
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  • Reply to

    OT: While we wait for BABA

    by marklibera 7 hours ago

    Good buy Mark but I'm waiting till the sell off settles down. I want to average down eventually but not willing to catch that knife right now.

    Sentiment: Hold

  • Reply to

    NRZ divvy

    by bobdbeck 23 hours ago

    HUff, Only post info on stock I own LOL

  • $0.175, payable 10/31, x/d 9/25

  • NEW YORK, Sept. 18, 2014 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq:NYMT) (the "Company") announced today that its Board of Directors declared a regular quarterly cash dividend of $0.27 per share on shares of its common stock for the quarter ending September 30, 2014. The dividend will be payable on October 27, 2014 to common stockholders of record as of September 29, 2014.

  • Reply to

    O/T Out of YHOO

    by huffdaland Sep 17, 2014 10:19 AM
    bobdbeck bobdbeck Sep 17, 2014 8:08 PM Flag

    NCT declares .30 divvy, x/d near the end of month.

  • Reply to

    O/T Out of YHOO

    by huffdaland Sep 17, 2014 10:19 AM
    bobdbeck bobdbeck Sep 17, 2014 5:39 PM Flag

    AI = .875 divvy MFA = .20 divvy. That is all

  • bobdbeck bobdbeck Sep 16, 2014 12:53 PM Flag

    DH: Remember too, the "buy" price for Rosneft is $9.25.

  • Reply to

    O/T SDRL

    by huffdaland Sep 12, 2014 8:50 AM
    bobdbeck bobdbeck Sep 13, 2014 5:19 PM Flag

    DH, you must be up to the LS460 by now with your riches. Best Wishes, Bob

  • Reply to

    NYMT

    by bobdbeck Sep 11, 2014 2:06 PM
    bobdbeck bobdbeck Sep 13, 2014 10:59 AM Flag

    SC4: Hey bud. Never go by my reasoning. I'm the buy high sell low guy :~(. First of all it's still spec that there will be a secondary as nothing has been announced and I only bought 2k out of planned 5k position. The way the share price has acted in past secondaries is it recovers very quickly so I just feel a little higher now doesn't concern me if they do announce and it will bring my basis down nicely. Still Travelling?

    Bob

  • Reply to

    sanctions

    by keebon Sep 12, 2014 5:46 PM
    bobdbeck bobdbeck Sep 13, 2014 9:36 AM Flag

    JF and the Russkies did back flips to get their deal done before the 7/31 implementation of the last round of sanctions on Russia. It looks like the new round may actually have a major impact on their deal (re: Exxon and other big oils they are drilling for) going forward. A short time will tell but I think SDRL/NADL will be under pressure for a while. Tough to pick the bottom but bears close watching. The yields on both companies are very high at these prices and could go higher. I personally don't think there'll be any trouble with their divvys for a few quarters if the sanctions continue. A MAJOR buying opportunity may be in the works. JMO

  • Reply to

    sanctions

    by keebon Sep 12, 2014 5:46 PM
    bobdbeck bobdbeck Sep 12, 2014 10:21 PM Flag

    kee: Just one thought: JF is sitting with the 2 Billion from his GLNG sale. Anything is possible.

  • Reply to

    sanctions

    by keebon Sep 12, 2014 5:46 PM
    bobdbeck bobdbeck Sep 12, 2014 5:50 PM Flag

    kee, as noted on the IV board, they have 100 days to negate the deal (either side) , which I believe falls on Nov. 8 so plenty of time to get out if nothing changes.

  • Reply to

    Well Mark

    by bobdbeck Sep 12, 2014 12:43 PM
    bobdbeck bobdbeck Sep 12, 2014 4:45 PM Flag

    Sorry Mark, I did miss that post. Today reminded me of one of those 2008 crushing days. Ugh, and my PSEC yahoo ticker was fouled up and had me losing 4X my actual loss. TGIF

  • Reply to

    Well Mark

    by bobdbeck Sep 12, 2014 12:43 PM
    bobdbeck bobdbeck Sep 12, 2014 2:25 PM Flag

    HCLP going into the Alerian MLP Index. Just announced.

  • bobdbeck by bobdbeck Sep 12, 2014 12:43 PM Flag

    APL giving it all back today, along with most MLPs. UGH.

  • That's pretty much it for 2015 revenue impact, worse case. That's because the Rosneft deal is spread out to the year 2022, with most of the revenue work back-loaded.

    Some might ask, what about the drilling going on right now in Russia's Kara Sea. I see no impact on NADL revenue in 2014, 2015. That rig, the 1986 4thG semi-submersible West Alpha, was actually contracted by Exxon way back in 2012; way before Rosneft and way before NADL was listed on the NYSE earlier this year.
    It's a contract between Exxon and NADL; not with Rosneft, so it should continue on. Likely in the Norwegian Barents Sea and/or Canadian waters; where the West Navigator is already planned to be moved in the coming months. The 2012 contract for the West Navigator is at a day-rate of $531,822 and now expires in July 2016 ... so no impact on 2015 ... furthermore, Exxon has an option to extend that contract to August 2017 at the same terms upon notification to NADL by December 31, 2014

    The last drilling rig of NADL's existing drilling rigs that is contracted to Rosneft is the newbuild UDW drill-ship West Rigel; perhaps(?) one of the most capable drill-ships in the world because it is being constructed to operate in the harsh environments of the Arctic Ocean. The West Rigal is scheduled for delivery in 2H'15, and after the multi-month mobilization period, perhaps revenue starting sometime in 4Q'15. This, no material impact on NADL's 2015 revenue either with or without Rosneft.

    Worst case IMO ... One has to ask if the PPS for both SDRL and NADL have grossly overreacted to the downside, and have gone way beyond a worse case scenario. I think so. All opinion is my own, as always, do your own dd. T.D.

  • Reply to

    Refiners?

    by andrewulsaker Sep 11, 2014 8:20 PM
    bobdbeck bobdbeck Sep 12, 2014 8:04 AM Flag

    A predictable question from any CEO ... I think it's worth looking at considering the huge PPS drop by both SDRL and NADL over the past week ... recognizing, of course, that we investors lack full knowledge of the details that exist in the contracts that have already been signed, we don't know what the politicians will do, and we are not privy to what is on the minds of the management teams.

    So, let's assume the Russia/EU/USA political situation declines to a point that it is not possible to perform offshore drilling in Russian Arctic waters with Rosneft anytime between tomorrow and the coming years .. what might happen?

    As we know, NADL/SDRL/Rosneft currently have a contract for $4.1 Billion worth of potential future revenue for offshore drilling in Russian Arctic waters. As previously disclosed, that contract contains a "100 day break right" whereby either party can terminate the contract within 100 days of it's signing. The 100 day period expires around November 8, 2014. Thus, NADL/SDRL can walk away from the contract with Rosneft, or Rosneft can walk away from the contract with NADL/SDRL. The same 100 day break right exists in the separately announced contract regarding Rosneft's planned purchase of ~30% of NADL in exchange for ~ 150 land rigs with 5 year drilling contracts + a payment of cash to NADL; it seems to has the same ~ November 8, 2014 expiration date. Thus, either party can walk away.

    continued in Part II

  • Reply to

    NYMT

    by bobdbeck Sep 11, 2014 2:06 PM
    bobdbeck bobdbeck Sep 11, 2014 2:56 PM Flag

    gambler. Owned WMC way back when it was paying near a buck in divvys. Also owned ARR for quite a while and exited with their first divvy cut from .11 to .10, about 2 years ago. Won't look back when they cut the divvys. NYMT had a wonderful last quarter, earnings were .34 vs. .27 dividend. I'd expect a divvy increase and corresponding share price spike.

  • Reply to

    NYMT

    by bobdbeck Sep 11, 2014 2:06 PM
    bobdbeck bobdbeck Sep 11, 2014 2:53 PM Flag

    Yep Mark, I expect one. That's why I only bought a partial position. I'm hoping they announce one before the divvy announcement.

  • bobdbeck by bobdbeck Sep 11, 2014 2:06 PM Flag

    Just started another position in NYMT which I sold about 3 months ago. Fundys look very good with a potential divvy increase this quarter. Will increase the position after any announcements.

MFA
8.18+0.06(+0.74%)Sep 19 4:04 PMEDT

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