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Linn Co, LLC Message Board

bodisurfrat 32 posts  |  Last Activity: Jun 7, 2015 1:58 AM Member since: Oct 26, 2003
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  • bodisurfrat by bodisurfrat Jun 7, 2015 1:58 AM Flag

    What is the impact of 2GB iPhone 6S RAM? That should help with RAM demand and pricing. Is that in the forecast numbers?

    Sentiment: Buy

  • Reply to

    Where will it be in 6 mo

    by kevinharrell86 Mar 27, 2014 10:16 AM
    bodisurfrat bodisurfrat Mar 27, 2014 3:00 PM Flag

    I saw the crazy activity in the weekly put options.

    Sentiment: Strong Buy

  • bodisurfrat by bodisurfrat Feb 23, 2014 11:45 AM Flag

    Why doesn't another insurance company buy AIG?

  • bodisurfrat bodisurfrat Jan 12, 2014 1:28 AM Flag

    I agree. These are all out a few months. The 20k $20 strike are short term. It does feel like something is going on.

  • bodisurfrat bodisurfrat Jan 12, 2014 1:27 AM Flag

    I get that. You have to buy more options for the same delta as owning the underlying shares especially if they are out of the money calls. However, the short term nature of these makes me think it isn't a pure stock replacement. The 20k calls expire on Friday. I guess we will find out next week if there is something too this move.

  • bodisurfrat bodisurfrat Jan 11, 2014 4:28 PM Flag

    Can you please explain your calculation on delta neutral. The sale of 693k shares, purchase of 2,000,000 (20k X 100) shares of out of the money calls that expire in 6 trading days. That doesn't seem delta neutral or a stock replacement strategy. The calls are out of the money and with the short term nature the time decay would crush these.

  • Reply to


    by teamsm Dec 5, 2013 5:18 PM
    bodisurfrat bodisurfrat Dec 7, 2013 5:35 PM Flag

    I don't see anything in the options. Jan calls look cheap to me if this thing is really headed into the 50's.

    Sentiment: Buy

  • bodisurfrat by bodisurfrat Nov 17, 2013 3:51 PM Flag

    Any estimates of the impact of the storms today on AIG? God bless all those effected.

  • bodisurfrat by bodisurfrat Nov 17, 2013 1:02 PM Flag

    Can anybody share how they are valuing GSAT spectrum? What methodology are you using? I don't see any analyst reports out there putting a value on it based on last FCC comments. Thanks.

  • Reply to

    Glad I Shorted at $43/sh Too

    by jeepcreep111 Jun 18, 2013 11:22 AM
    bodisurfrat bodisurfrat Jun 21, 2013 1:22 AM Flag

    How did you short it? I tried to short in both my etrade and tda accounts and there were no shares available. Just to not, I was only shorting with a BRY long position. Love this stock.

    Sentiment: Strong Buy

  • Reply to

    Supervalu Vendor Meeting

    by supervguy Feb 27, 2011 12:30 AM
    bodisurfrat bodisurfrat Mar 4, 2011 2:14 AM Flag

    As a fellow vendor, trust me, Walmart, Kroger, Whole Foods, etc are all pressing for more margins. Maybe in a more subtle way, but I always have to show them something. Competition for their store space is hard and access to their customers cost money.

    Space management and space profit maximization is not going away.

    I started my own direct website. I get to keep the margins.

  • bodisurfrat bodisurfrat Sep 15, 2009 12:06 AM Flag

    Have you buddy Obama put a tariff on imported gasoline. Keep the jobs here and make this stock go up. He just did it for the tire industry. Instead he is driving a cap and trade bill that will have all the refinery workers losing their jobs.

    Your union elected him. Get him working for you like he is doing for the other industries.

  • bodisurfrat by bodisurfrat Jul 12, 2009 11:15 PM Flag

    The summer driving season never happened. Demand is weak. Utilization has been up the last month. We either need demand to pick up, or utilization down.

    Price of Oil is coming down. Hopefully this translates into better cracks or retail margins.

    Earnings coming in the next few weeks. Already had pre-announcements to the downside from COP, VLO, CVX. Should be built in to price.

    Cap & Trade moved out to Sept. Most likely it will not pass the Senate, especially if economy isn't recovering.

    El Nino conditions which reduce Hurricanes activity.

    At what point is this a value play? I guess the only hope is that earnings are better than expected, causing shorts to cover, and CAP and Trade fails the Senate.

  • Reply to

    Wonder when the Wall St geniuses...

    by guudag Dec 30, 2008 8:42 PM
    bodisurfrat bodisurfrat Dec 31, 2008 1:11 AM Flag

    I agree they are undervalued. Nice move of late and setting up for a nice breakout. I think we need to see continued improving cracks and solid earnings, but for a breakout to $25 we will need a pick up or leveling of demand. I think we get the earnings with extra margin from the retail side plus maximization of heavier crudes. Demand...we will need some economic turnaround for that or maybe a great stimulus.

  • bodisurfrat by bodisurfrat Nov 11, 2008 2:07 AM Flag

    While stations often lament tiny margins of a few cents per gallon of fuel sold, Kloza's service reports that last week, U.S. stations averaged a margin of 42 cents per gallon.

    "If you took this week and projected it out for 52 weeks, we'd all want to be in the retail gasoline business," he said. "The problem is, it is like a Yankee game where they score a lot in the ninth inning."

    For example, for the week of Sept. 15, the average margin was less than 5 cents, according to his service. Kloza notes a "tape delay" between declines in oil prices and declines in gasoline.

    "The myth is that when prices go up quickly, retailers are gouging, when in reality that is when they are suffering," he said. "When prices drop, retail prices don't usually match those drops step for step."

    One Arizona expert cautioned that the national figures don't reflect the "highly competitive" market in the state.

    "Retailers, a lot of times, are losing money," said Andrea Martincic, executive director of the Arizona Petroleum Marketers Association. "It is a very cyclical business for retailers."

    She said the margin for gas stations in Arizona recently was less than 4 cents on a gallon, far from the 42-cent national average earlier this month.

    This should be good for margin. Another .30 cent plus profit at the Retail stations. Makes up for the lousy crack spreads. Add in asphalt and cheaper grades of crude and things look good. Now we just need a little rise in demand to kick this down cycle.

  • bodisurfrat by bodisurfrat Nov 8, 2008 4:47 PM Flag

    Demand for gasoline over the four weeks ended Oct. 31 was 2.3 percent lower than a year earlier, averaging 9 million barrels a day.

    Gas demand looks to have leveled off last week and start to improve down only 2.3% and demand over 9M. This is the first time that we haven't seen 3%-6% declines and under 9M in demand. I am hoping that the lower prices are driving more demand. I am really interested to see the numbers this week.

    My USA gas station is charging $2.47 a gallon vs wholesale of $1.35 on the futures market. Looks like the margin is being made at the Retail locations. Good to see TSO hasn't sold all these...

  • Reply to

    $.66/share in 2002

    by mauiboyfloyd Oct 24, 2008 1:09 PM
    bodisurfrat bodisurfrat Oct 25, 2008 1:03 AM Flag

    About Tesoro

    Company History

    Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. In 1969, we began operating Alaska’s longest continuously-operating refinery, near Kenai. Today, Tesoro is a FORTUNE 150 company and one of the largest independent petroleum refiners and marketers in the Western United States.

    In the late 1990s, Tesoro began what Chairman, President and CEO, Bruce A. Smith calls “Tesoro’s transformation.” Tesoro has methodically grown through a series of acquisitions and strategic initiatives that have created Tesoro Corporation – a more dynamic and competitive company, focused on one core business: Petroleum refining and marketing.

    That transformation began with the sale of exploration and production operations in 1999. Another business segment, marine services, was sold in 2003.

    At the same time, Tesoro made a series of refinery acquisitions that boosted Tesoro’s capacity output and positioned it for future expansion in key growth markets throughout the Western United States. In 1998, Tesoro acquired refineries in Kapolei, Hawaii, and Anacortes, Washington. In 2001, the company purchased refineries in Mandan, North Dakota, and Salt Lake City, Utah. In 2002, Tesoro acquired its Golden Eagle refinery in Martinez, California. In 2007, Tesoro acquired its seventh refinery in Los Angeles, California. Together, the acquisitions have expanded refining capacity from 72,000 barrels per day to 660,000 barrels per day.

    Moving ahead, Tesoro continues to focus on improving profitability from operations by achieving greater operating efficiencies, increasing cash flow from operations and improving shareholder value, and continuing to meet and exceed standards of safe, reliable operations. Tesoro became publicly traded in 1968; 1998 reached $1 billion in revenue; In 2006 achieved market capitalization of $5.2 billion.

  • bodisurfrat by bodisurfrat Jul 11, 2008 11:45 PM Flag

    Isn't there money due China Gold, LLC on 7/14? Who is China Gold, LLC? I would hate to be those guys if they really expect money.

    On May 20, 2008, Wits Basin Precious Minerals Inc. (the "Registrant") entered into a letter amendment extending the maturity date from May 31, 2008 to July 14, 2008 of certain convertible secured promissory notes (collectively, the "Notes") in the aggregate principal amount of $9.8 million issued to China Gold, LLC ("China Gold") pursuant to that certain Convertible Notes Purchase Agreement with China Gold dated April 10, 2007, as amended on June 19, 2007 and October 31, 2007 (as amended, the "CNPA"). As consideration for the extension, the Registrant agreed to (i) increase the interest rate applicable to the Notes from 8.25% to 12.25% effective as of the date of the letter amendment and (ii) reduce the purchase price applicable to certain rights of China Gold to purchase up to 9.8 million shares of the Company's common stock (the "Purchase Rights") from $0.25 to $0.18.

  • bodisurfrat by bodisurfrat Jul 18, 2007 12:44 AM Flag

    I expected this price action to happen. Isn�t this a case of merger arbitrage? Buy WITM and sell EK. The spread in the two prices would be the risk of the merger not going through.

    WITM = US $.96 per share
    EK = HKD 1.85 / HKD 7.8195 per US $1 X 21 shares = US $4.96

    Should we see EK continue to fall and WITM increase in price until we find equilibrium? Help me if I am wrong here. I would long WITM and short EK if I had access to Honk Kong trading and was confident this merger was going through.

  • bodisurfrat by bodisurfrat Mar 14, 2007 8:02 AM Flag

    Maybe we are all looking at this wrong. With a $50M market cap and 40% ownership of 7400 acres in NM, 1620 acres in AZ and a few other land interest you could value this company at about $35M based on $5k-$10k per acre for the real estate. I checked loopnet and to get the price of rural land in these areas.

    Anybody want to buy up the rest of these shares and start a ranch? It will be more porfitable than sitting around and waiting for something to happen.


3.0299+0.0999(+3.41%)10:16 AMEDT