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AmeriGas Partners LP Message Board

don_t_panick 8710 posts  |  Last Activity: 8 hours ago Member since: Apr 4, 2001
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  • don_t_panick by don_t_panick 8 hours ago Flag

    Let's put this in technical terms. Over the last few days, insiders are buying the #$%$ out of the stock.

  • Reply to

    Con of the Century

    by gasoil14 13 hours ago
    don_t_panick don_t_panick 9 hours ago Flag

    The logic is pretty funny. Mill gets a good deal on a forced asset sale, so the same valuation should be applied to the whole company?

  • Reply to

    Con of the Century

    by gasoil14 13 hours ago
    don_t_panick don_t_panick 11 hours ago Flag

    Is this one clear enough for even you to understand gasoil?

    Explanation of Responses:
    ( 1) Mr. Sherman purchased a total of 25,000 shares on the open market on September 17, 2014, at an average price of $4.98 per share. These shares are directly held by Mr. Sherman.
    ( 2) Mr. Sherman, indirectly through the Arthur H Sherman - Rollover IRA, purchased a total of 5,500 shares on the open market on September 17, 2014, at an average price of $5.05 per share.

  • Reply to

    Con of the Century

    by gasoil14 13 hours ago
    don_t_panick don_t_panick 11 hours ago Flag

    Explanation of Responses:
    ( 1) Mr. Boruff purchased 100,000 shares in the open market on September 18, 2014 at a weighted average price of $5.03.

  • Reply to

    Con of the Century

    by gasoil14 13 hours ago
    don_t_panick don_t_panick 11 hours ago Flag

    Is this excerpt from filing clear enough for even you to understand?

    Explanation of Responses:
    ( 1) Mr. Sherman purchased 4,500 shares on the open market on September 19, 2014, at an average price of $4.80 per share.

  • Reply to

    Con of the Century

    by gasoil14 13 hours ago
    don_t_panick don_t_panick 11 hours ago Flag

    Some of the recent buys were open market buys. Not grants. Not options. Learn to read an SEC filing before you post your ignorance.

  • don_t_panick don_t_panick 12 hours ago Flag

    gasoil, can you really not find the insider filings? You can see them from yahoo just by clicking on insider filings for mill. It doesn't take 3 days to show up. They already filed for the buy on the 19th. A time limit doesn't mean it's illegal to file it earlier. I can't think of such an embarrassing post since someone suggested that Mill would never get a bank credit line and then that the keybank syndicate was too small to honor Mill's credit line Oh wait, that was you also. Maybe you should switch ID's after those whoopers or this new one.

  • Reply to

    Leaked Waitangi Info

    by kflowers1012 Sep 19, 2014 8:46 AM
    don_t_panick don_t_panick 14 hours ago Flag

    They had lots of consultants helping them with the well pressure issue. There are always employees and contractors involved with the drilling. In any case I don't think the selloff was a big over-reaction. They spent 8 - 10 mil on that well by my estimate out of a 60 mil drilling budget.

  • don_t_panick don_t_panick 15 hours ago Flag

    There is huge front running going on with seeking alpha for their long and short articles. Seeking alpha pro is a high priced front runners club. No doubt some piled into the short trade right before the article hoping to make a quick killing. That trade got rejected badly on Friday. I'm always happy to see the front running crowd lose money (unless they were smart enough to cover rather quickly). Of course seeking alpha mailed the article out to everyone later in a failed attempt to bail out their high priced front runner's club. Somewhere the world's smallest violin is playing in sympathy for fat cats that lost money on that trade and in the background you can hear me LMFAO.

  • Reply to

    New Well results at presentation?

    by don_t_panick Sep 16, 2014 5:54 PM
    don_t_panick don_t_panick 16 hours ago Flag

    Pull up the 1 year chart of BPZ. It was a 2 stock in March and spiked higher on some big well results that were disclosed during a conference. I'm not saying that it will happen, but they will be at a conference and I think they are due to announce some well results. Let's see what happens next week.

  • Reply to

    Did Streetsweeper Cross the Line this time?

    by don_t_panick Sep 19, 2014 4:00 PM
    don_t_panick don_t_panick 16 hours ago Flag

    The Director who got canned complained that Gov Richardson often missed Board meetings. Doubt he's good for much.

  • Reply to

    Did Streetsweeper Cross the Line this time?

    by don_t_panick Sep 19, 2014 4:00 PM
    don_t_panick don_t_panick 18 hours ago Flag

    Beyond that Sam, the article seems to suggest that Mill has committed fraud by using the SEC mandated reserve formula. That's the part that seems to me to have crossed the line. It would be illegal for Mill to use the bankruptcy asset formula for their formal reserve valuations. They have to use the SEC mandated formula - as they do. The article suggests that they should (or even that they are??) being investigated for failing to do something which would in fact be illegal if they did it. I'm no lawyer, but if I was Mill's legal counsel I'd be taking a hard look at the SEC investigation claims in that article.
    I recall a lawsuit where BBX ultimately collected damages against a rather famous analyst for mis-stating holding company capital as operating bank capital (or something fairly minor like that).

  • Reply to

    New Well results at presentation?

    by don_t_panick Sep 16, 2014 5:54 PM
    don_t_panick don_t_panick Sep 19, 2014 11:12 PM Flag

    You are just a paid basher pngg and you just name call and don't post any content. They have provided updates in the past at presentations. The presentation hasn't happened yet. Let's see what happens. How is it a lie to speculate that they will provide some new well results? A lie would be for example to claim that BPZ has convertible preferred shares (Avi is on ignore but still see the titles of his posts which is annoying). BPZ doesn't even have convertible stock. They have convertible bonds and the conversion price is about 2X the current trading price so that's hardly a big concern.

  • If I was Mill's legal counsel, I'd take a look at that article. The article seems to suggest that Mill is or will be the subject of an SEC investigation based on how they value their reserves. The article suggests that Mill should use a distressed bankruptcy sale valuation for reserves.
    All US listed oil companies follow the same SEC mandated formula for their reserve valuations. Mill of course uses that same formula as every other oil company in it's SEC filings. Never mind about the numerous other errors in the article.

  • don_t_panick don_t_panick Sep 17, 2014 10:45 PM Flag

    I agree. Current Mill management seems to have viewed joint ventures with suspicion. The new guy could do a lot more in that area.

  • Reply to

    How big was Waitangi supposed to be?

    by polishthegold2014 Sep 16, 2014 10:38 AM
    don_t_panick don_t_panick Sep 17, 2014 6:36 PM Flag

    It's really not that surprising that they ran into problems on the first well dealing with a new geological area. It proves that they need a better well design and I'm sure they will be learn and be better prepared next time.. It's not a 99% loss of oil they can drill for.

  • don_t_panick don_t_panick Sep 17, 2014 6:21 PM Flag

    Welcome to the exciting world of preferred stock and microcap trading. Day traders are glued to their level II screens. I'm walking the dog or at the Club waiting for things to move - LOL.

  • don_t_panick don_t_panick Sep 17, 2014 6:17 PM Flag

    The benefit is that sooner or later (maybe sooner in this case) DRL is going to want to raise equity capital. Banks always do. Bank stocks are really not all that exciting and bank investors want dividends (or the prospect of getting them eventually). Having all this preferred stock trading at 25% of par is an impediment to a capital raise since the preferred have to be paid a dividend for the common to get anything. It's easier to sell common if there isn't 250 mil or so of preferred stock ahead of the common.

  • Reply to

    New Well results at presentation?

    by don_t_panick Sep 16, 2014 5:54 PM
    don_t_panick don_t_panick Sep 17, 2014 4:21 PM Flag

    They won't be getting to 10,000 BPD for a couple of years, but production is headed higher. I'll be happy if they hit the 5K mark in the next 2 or 3 quarters.

  • don_t_panick don_t_panick Sep 17, 2014 2:09 PM Flag

    Come on now Trace, I haven't even mentioned the preferred stocks lately. I do stick by my earlier comments that at some point the bank is going to make a swap offer for common to the preferred holders as part of their capital raise plan.
    Guess DRL is rallying in anticipation of PR getting their #$%$ kicked at the upcoming short trial. I think PR will lose so badly that they won't even have decent grounds for appeal. As I see it the whole Liberal govt entitlement philosophy is on trial. PR has certainly framed it that way with their public attacks on the "millionaire" bank.

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