Yes oil may go up a bit but doesn't this company need oil at least in the $60-70 range to be able to make a decent profit and pay down debt. I don't think OPEC is going to cut production until they are absolutely sure American shale producers can't all of the sudden start pumping again, plus Brent is at $61 they make a pretty good profit at that price. They may have to increase production to maintain more revenue. Their earning should be good for the 4th quarter. Natural gas went down and never really came back up despite the huge number of reduction of NG rigs. Who knows it may be $100 in a few months. The EIA report this morning stated "At 417.9 million barrels, U.S. crude oil inventories are at the highest level for this time of year in at least the last 80 years". I know a lot of the price has to do with speculation but wow what are you gonna do with all that oil. I think oil will be going back below $50 as the short term traders take their profit. Imports are still holding around the 7.3 million barrels per day. OAS has exaggerated news with the price of oil because of the short term traders playing with the stock. Thank God they are in it otherwise it would probably be in the single digits. I don't think IMHO Good Luck to All
Interest rate scare. Remember last august when utilities bottomed in August and then were the top performers in the market since then with 25 to 30% gain for august 2014 to mid January. Stocks like exc & fe. It looks like funds may be selling in anticipation of the fed raising rates. So wait till things have bottomed. Even if they rise rates they might only go 1/4 % that will do nothing for bonds. Money markets rates will stay next to nothing. Money market is paying only about .15%. Exc does still look high but keep an eye on it and other utilities as we may go through the same scenario this year as last. Interest rate cuts across the globe also benefit these stocks. Utilities like exc have a pretty good balance between merchant generation, transmission & regulated utility customers. If you see this stock go to the high to mid 20's like last year mortgage the house. I don't think this will happen but could go to $31. IMHO it would be a buy there.
The CEO has a large stake in the performance of the company. He has over a million shares so he lost at least 1.6 million in value today. Of course he has about $25 million in stock. This is a good thing because he will work hard for the company. He is also very brilliant with his renewable energy and distributed generation strategy. Although I wouldn't want to worry about all that equipment at my house but it could be the future.
Sentiment: Strong Buy
The dividend. Street had been negative the whole time.
Don't you think the shares are restricted? Prior to the offering they had 10.5 million shares but a float of only 7 million. When they had the other offering they weren't close to approval of a product but they are now. I believe there has to be some kind of holding period, but maybe not does anyone know? If they start getting revenues and earning they should be able to borrow unless the stock goes real high and it is moe attractive to sell shares.
Sentiment: Strong Buy
so much for the $5.50, hopefully ADMP can recover from this. I flly understand that they have to issue stock to finance their operations. Hopefully the epi-pen gets approved and the inhaler phase three trials start soon. Should give it a boost. I stupid probably because I bought more this morning in the believe it will continue its run.
Sentiment: Strong Buy
Right now his stock alone is worth about $8 billion. Of course that same stock could be worth $800 million by the end of the month. Anyways I think he would have to sell a lot of stock to pay her off. She has worked so hard for this money,lol.
This is hold until the decision on the approval of the epi-pen comes out. You just don't know if the stock price will come down again, especially after the first of the year. We could see new highs with an approval of the epi-pen and then the announcement of the phase trials for the inhaler. Although a swing down to $4 wouldn't be unexpected.
Their income statement says they made 166 million last quarter. They actually made a couple good investments when they purchased Reliant and the EME group. Their renewable investments don't appear to be lucrative but they are very small in relation to the size of this company. The core of this company is their generation assets which are all over the country. Their revenues this year will grow to over $14 billion at least this year, up from $12 last year. They may be a bit overvalued but overall this company is in pretty good shape. IMHO
Double down on your short position. This is going to single digits.
Actually whenever a large company cuts jobs and causes pain and misery their stock goes up. They will close up tomorrow
Yes BP is an integrated producer and not a shale producer but they do have a few issues that will impact their cash flow. The drop in oil prices , divestiture of assets due to the incident in the gulf, and problems with investment in Russia can and have impact their PPS. I think those are the reasons that their dividend is so high. Plus they just had the judgement in September that they are appealing where they could lose another $20 billion. Their 3rd quarter earning were based on an oil price of $88+. Cash flow will definitely be down this quarter. BP is down over 30% from its peak and 17% year to date. If oil prices go down anymore I think it could go down in mid to low $30's. IMHO