Energy Transfer Partners LP Message Board

SNFCA 9 million share float...this is going to fly...short interest is too high..sector is hot again

Sentiment: Strong Buy

Monday, May 6, 6:30 PM All but three refiners are net-cash today, with average free-cash yield of ~11% on mid-cycle earnings whose managements have substantial firepower to defend against share-price weakness, Credit Suisse notes, finding the most value in Marathon Petroleum (MPC) and Tesoro (TSO); it reinstates Valero (VLO) at Neutral. Also, Western Refining (WNR) is upgraded, and Alon USA (ALJ) is cut to Underperform. 1 Comment [Energy, Quick Ideas]

http://seekingalpha.com/symbol/wnr/currents

Sentiment: Strong Buy

EXXI Energy XXI pointing in the right direction, says Cowen
Cowen believes current rates indicate Energy XXl is heading in the right direction despite its weaker than expected Q3 results. The firm expects a dividend announcement and share buyback program to support the stock price. Shares are Buy rated with a $35 price target

Sentiment: Strong Buy

10:34

WNR

Western Refining target lowered to $33 from $36 at Imperial Capital (32.33 +0.44)

Imperial Capital lowers their WNR tgt to $33 from $36 and notes that WNR continues to execute on its strategic objectives of strengthening its balance, investing in organic growth opportunities and returning cash to shareholders. In 1Q13 WNR refinanced its 11.25% senior notes, reducing annual interest expenses by $15mn. And on 4/11/13, WNR announced the start-up of its Delaware Basin logistics project designed to bring new shale crude oils to its southwestern refineries.

News Breaks

May 3, 2013

WNR Western Refining upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded Western Refining given turnaround initiatives, the launch of a Logistics MLP, El Paso refinery expansion, and potential rising distributions. Price target raised to $43 from $40.

Sentiment: Strong Buy

Westport Announces First Quarter Fiscal 2013 Conference Call for Thursday, May 2, 2013 04/25 04:05 PM

To access the conference call by telephone, please dial: 1-800-319-4610 (Canada & USA toll-free) or 604-638-5340

Basic Energy upgraded to Add from Neutral at Capital One Capital One upgraded Basic Energy based on improving fundamentals and increased visibility. Price target raised to $16 from $14.

Basic Energy upgraded to Buy from Accumulate at Global Hunter Global Hunter upgraded Basic Energy following the Q1 report and that the worst is behind the company. Price target is $18.

Sentiment: Strong Buy

01-May-13 06:55 ET ELLI Elli Mae: Color on Quarter
•Wunderlich notes mortgage origination volumes continue to outpace forecasts and organic customer adds and SaaS migrations were both strong. With their top and bottom line forecasts increasing yet again, their unchanged $39 tgt is incrementally conservative, in their view, as they could now argue for a multiple above leading SaaS players given its sector-leading profitability and growth profile. Instead, their target only applies a 7x rev multiple looking at run-rate forecasts a year out, at the low-end of leading peer levels.

•Needham notes Q1 was another impressive quarter across the board, highlighted by another quarter of SaaS industry-leading revenue growth. They were particularly impressed by the net new user growth, which reflects ramping sales headcount and strengthening demand trends. They're encouraged by suggestions of notable expansion of the sales pipeline, which could reflect the onerous regulatory and compliance requirements that mortgage bankers need to comply with over the next couple years; $33 tgt.

•Oppenheimer notes that, consistent with their preview, Ellie Mae reported an excellent 2013 start marked by record bookings (+9,200 total, +88% y/y) and higher annual revenue guidance. The record bookings performance the past few quarters swells ELLI's backlog, and with better seasonal trends anticipated, increases the odds of ELLI executing consistently in the short-run and gives their forecast an upward bias. Ellie Mae's platform is the industry's most comprehensive end-to-end solution, making it extremely attractive to customers, and its top-tier organic growth rates and profit margins set it apart as one of the highest quality SaaS names; $32 tgt.

Sentiment: Strong Buy

CIE Cobalt upgraded to Strong Buy from Add at Capital One
Capital One upgraded Cobalt based on valuation, exploration catalysts, and portfolio prospects. Price target is $40.

News Breaks

April 26, 2013

16:18 EDT POWR : PowerSecure files to sell 675,160 shares of common stock for holders

16:17 EDT POWR PowerSecure files $70M mixed securities shelf

UPS (UPS) intends to announce in the next few days that it will increase the number of natural gas trucks in its fleet to 800 by the end of 2014, from 112 now, according to the New York Times. The additional vehicles will use engines developed by Cummins (CMI) and Westport Innovations (WPRT) NYT

Sentiment: Strong Buy

Big funds are buying NFX..Block volume goes up everyday today 899,367shares

Sentiment: Strong Buy

26-Apr-13 09:52 ET
COMDX

Commodities Trader: KEG Long Position Idea (6.23 -0.87) -Update
I see oil and gas drilling and exploration play Key Energy (KEG) down 15% following its earnings results. However, I've looked at this name before and I don't see why a 15% haircut it justified. Co posted a modest miss and the bottom and top line.

Reports Q1 (Mar) earnings of $0.01 per share, $0.02 worse than the Capital IQ Consensus Estimate of $0.03; revenues fell 12.0% year/year to $428.4 mln vs the $443.83 mln consensus.

Outlook: "Thus far in the second quarter, Key's U.S. activity is following seasonal trends, which typically generate 3% to 5% activity improvement from first quarter levels, and we now anticipate a gradual activity increase for the year. Additionally, we are implementing a significant restructuring of our Fluid Management Services business to better align it with current market conditions...In Mexico, we are currently operating just under half of the rigs that we were operating during the first quarter of the year. We are closely monitoring our customer's evolving plans, and we are quickly reducing our costs in the country commensurate with the activity decline. While we understand this disruption to be short term, we are redeploying rigs to unaffected areas in Mexico and other countries where there are opportunities for these rigs."

26-Apr-13 11:20 ET

COMDX

Commodities Trader: KEG Long Position Update (6.07 -1.03) -Update
I'm adding to new long position in Key Energy (KEG). I'm writing color on this name to follow up with

Sentiment: Strong Buy

26-Apr-13 13:59 ET

GGS


Global Geophysical target raised to $6 from $5 at Barclays

Barclays raises their GGS tgt to $6 from $5 as they believe that GGS will benefit from the rebirth in exploration activity that is currently under way and gaining steam, particularly in the international markets. The company remains in transition as new CEO Richard White implements a refreshed strategic vision. With a strong start to the year and continued changes on the horizon, they believe the improved GGS will be well positioned to capitalize on this upturn given the company's broad geographic footprint, standardized equipment base, and focus on free cash flow generation.

Sentiment: Strong Buy