F5 Networks, Inc. Message Board

Thank you! :-)

Sentiment: Strong Buy

Noted the strength in Nat Gas earlier as UNG extends the bid to Hod on some strong 5 min. vol. in recent trade, now +3% on the day @ 20.64

Sentiment: Strong Buy

Looking much better 21.27 to 21. 30

Commodities Trader: A few things on my radar this morning -Update from Briefing

SEP- Spectra Energy LP upgraded to Outperform from Mkt Perform at Raymond James
VALE- Vale S.A. sees China slowdown in iron ore, according to reports
CRZO- Carrizo Oil & Gas raises second quarter 2013 oil production guidance from 9,600-10,000 Bbl/d to 10,800-11,200 Bbl/d; increases 2013 crude oil production growth target to 40% from 28%
SLCA- U.S. Silica initiated with a Outperform at Wells Fargo

DPM DCP Midstream (DPM) filed for a $300 mln common unit offering representing limited partner interests. DCP Midstream, Phillips 66 (PSX) and Spectra Energy (SE) Announce Major NGL Pipelines in Service

Sentiment: Strong Buy

06-Jun-13 07:21 ET


Private equity companies on sale; Oppenheimer would be buyers

Opco notes KKR and APO are 10% and 15% off their recent highs (since 4/26 and 5/7), during which time frame the market is up a few percentage points. Firm can't find any news to account for this and think that the stocks are likely down for one of two reasons, both of which it thinks are "bad" reasons: No. 1, that yield stocks are out of favor, and No. 2, that APO's CEO was quoted at a conference saying that they were "selling everything that isn't nailed down." No. 1 is a bad reason because while the private equity (PE)-oriented asset managers do in fact have good yields, they are primarily equity, not fixed-income, vehicles. No. 2 is a bad reason because selling things is how PE asset managers realize revenues. There are other investments now being made that will be sold in the future.

13-May-13 11:09 ET

APO


Apollo Global Management resumed with a Buy at UBS; tgt raised to $32 (before the open) (24.99 +0.14)

UBS resumed coverage of APO with a Buy and raises their tgt to $32 from $24. They note that Apollo is in the process of harvesting gains in their private equity portfolios, by selling "everything that isn't nailed down." In fact, to date in the second quarter, Apollo has realized about $0.75 per share of net realized carry from recent realization activity. They expect Apollo will continue to harvest realized gains on its portfolio for quite some time and they see distributions from potential realizations (as they are conservatively marked today) translating into roughly $3 per share.

Sentiment: Strong Buy

News Breaks
June 12, 2013
Apollo Global upgraded to Buy from Neutral at Goldman As previously reported, Goldman upgraded Apollo Global to Buy from Neutral. The firm upgraded shares due to accelerating growth in fee earnings, a compelling pipeline, and valuation. Price target is $30

June 6, 2013
KKR & Co. Apollo Global should be bought at current levels, says Oppenheimer Oppenheimer believes that KKR (KKR) and Apollo Global (APO) have declined in recent weeks either because they have high yield and such stocks are out of favor, or because Apollo's CEO was quoted as saying that the company is selling everything that isn't nailed down. Oppenheimer believes that the companies are primarily equity, not fixed income plays, while private equity firms realize revenue by selling things. It recommends buying both stocks on weakness.

May 30, 2013
Apollo Global upgraded to Outperform from Market Perform at BMO Capital BMO Capital upgraded Apollo Global Management due to valuation and potential upside to AUM related to Athene Holdings. Price target is $31

May 13, 2013
Apollo Global coverage assumed with a Buy at UBS Price target raised to $32 from $24

May 7, 2013
Apollo Global upgraded to Outperform from Perform at Oppenheimer Oppenheimer upgraded Apollo Global with a $34 price target following the company's better than expected Q1 results

Sentiment: Strong Buy

Atlas Resource Partners to acquire nat gas reserves from EP Energy for $733M
Atlas Resource Partners (ARP) announces that it has entered into a definitive agreement to acquire approximately 466 Bcf of natural gas proved reserves in the Raton, New Mexico and Black Warrior, Alabama Basins from EP Energy E&P Company, a wholly owned subsidiary of EP Energy, for $733M. The transaction, which is expected to close in the third quarter 2013 and is subject to purchase price adjustments, will have an effective date of May 1. The transaction is expected to be immediately accretive to distributable cash flow. Upon closing, the new EP Energy assets are expected to immediately provide ARP with accretive cash flow from a substantial amount of mature, low-declining natural gas production in various regions, primarily in various producing areas including the Raton Basin and the Black Warrior Basin. The acquired properties represent approximately 466 Bcf of natural gas proved reserves, of which 93% are proved developed. The assets currently produce approximately 119 MMcfd of natural gas, which nearly doubles ARP’s existing net production for May 2013. In addition, by agreement with ARP, ARP’s parent, Atlas Energy (ATLS), will acquire as part of the same transaction approximately 45 Bcf of natural gas proved reserves in the Arkoma Basin of southeastern Oklahoma from EP Energy for approximately $67M.

Sentiment: Strong Buy

http://www.streetinsider.com/New+Coverage/FBR+Capital+Starts+Ellie+Mae+%28ELLI%29+at+Outperform/8391292.html

Sentiment: Strong Buy

Where are looking? I am looking on fly on the Wall and Briefing...I copied the upgrades just as they were published. price targets and all!!

Sentiment: Strong Buy

This is very important news. I bought more. I love their Isconova buy too. Great little Swedish vaccine company with important partners like JNJ and CRXL Animal vaccines as well :-)

Sentiment: Strong Buy

05-Jun-13 06:28 ET

HTGC


Hercules Tech initiated with a Buy at Wunderlich; tgt $16.50 (13.52 )

Wunderlich initiates HTGC with a Buy and price target of $16.50 HTGC is a leading internally managed business development company (BDC) that focuses on lending to venture capital sponsored, high growth, pre-IPO companies. It has sector expertise in technology, clean tech, life sciences, and biotechnology. They estimate that NAV could increase to $11.21 by year-end 2014.

Sentiment: Strong Buy