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Dell Computer Corporation (DELL) Message Board

golemurgo 71 posts  |  Last Activity: Apr 20, 2016 10:25 PM Member since: Dec 19, 2008
  • Reply to

    Gurantee this dog is forced into BK

    by mike_masin Mar 5, 2016 12:07 AM
    golemurgo golemurgo Mar 6, 2016 2:12 PM Flag

    again.. Selling land with wells on it sells production. plus anticipated and completed are 2 different things concerning sales.

  • Reply to

    Gurantee this dog is forced into BK

    by mike_masin Mar 5, 2016 12:07 AM
    golemurgo golemurgo Mar 6, 2016 1:43 PM Flag

    Oil at 10? You are as dumb a basher as Wallpack is a blind pumper. Neither of you can have a normal conversation based on actual facts. You both make things up and hope they stick.

  • Reply to

    Gurantee this dog is forced into BK

    by mike_masin Mar 5, 2016 12:07 AM
    golemurgo golemurgo Mar 6, 2016 1:41 PM Flag

    NG prices overseas has cratered the last 3 years(50-70%. It is why LNG's price has been sliced in half. Oil is still the market mover as natty gas is now becoming a worldwide glut.

  • Reply to

    Gurantee this dog is forced into BK

    by mike_masin Mar 5, 2016 12:07 AM
    golemurgo golemurgo Mar 6, 2016 1:39 PM Flag

    When you sell assets hbp you sell production. Regardless if they are core or not core. And there is 475m in bonds due this year and 1.3b 2017. And that number keeps going on bond redemption through 2019. There is no choice but to sell assets. If they would have paid down debt with the 4b in cash they had rather than burn it these would be non-points.

    Sentiment: Hold

  • golemurgo golemurgo Mar 6, 2016 1:22 PM Flag

    Do you know how to have an intelligent conversation. You are a blind pumper who is as bad as the blind rashers. Unable to take a realistic look at what is going on. Maybe if you read what i posted or refereed to what i was talking about.. ex debt and not the oil markets you could be taken seriously/burn though of the 4b in cash they had on hand at the beginning of 2015 which is now less than 1b.. When I posted here a year ago you had no clue as to oil correlation to the dollar. Nowhere in my post did I reference BK instead I was talking about asset sales in a depreciated environment. But you jump to name calling as you do not understand what you blindly pump. There are reasons people go long a stock and short a stock. If you are unable to see why someone would have a differing opinion of yours on a stock you should not be in it.

  • golemurgo golemurgo Mar 6, 2016 12:21 PM Flag

    You do realize gas exporting is nowhere near as big a deal as it was a few years ago. Which is why Chinere(LNG) has been halved as there are several other countries that have completed/working on liquefaction plants as well. The global price has been cut 70%. Now there is a burgeoning global lng glut while 3 years ago it was not. and sabine pass is on tap for 2bcf of exporting right now and nothing else being licensed/completed in the next year to export.. I am sorry I do not see natty gas with the rose colored glasses you have as the winter caused the oversupply to get worse y/y. As it sits right now there are so many pud's and capped wells that natty gas price I think is capped and its fairly low.

  • golemurgo golemurgo Mar 6, 2016 9:13 AM Flag

    Take some profits and diversify into other energy companies. All eggs in one basket means you are one "accounting" problem away from failure if you are consolidated into one company.

  • golemurgo golemurgo Mar 6, 2016 8:51 AM Flag

    It was funny to see on the 26th of Feb Mike Kelly from CNBC;s firm moved WLL from Buy to hold at essentially the bottom there. While it should have been hold to buy. I mean oil closing over 35 took out big resistance, and now they are acting like 37 is resistance no reason why since 40 is the next resistance point. But the cnbc talking heads want to talk crude down more.

    and cnbc is tryign to get people to buy dividend bearing energy companies which is stuipd as they need to be cut at these prices to save cashflow/debt or drilling. And when they get cut the price will drop them down more. But hey cnbc said to buy divvy energy co's.

    Sentiment: Hold

  • golemurgo golemurgo Mar 6, 2016 8:17 AM Flag

    Thanks for the non pumping reply. I agree with you as I hold chk in 2018 calls, but this stock to me is not a blind buy. With their transportation costs being at a sector high(that has spilled over to WMB with their exposure to chk has hurt them even)/many of their earlier land sales they "presold" production so they are forced to drill some land regardless of price(a horrific aubrey legacy)/ and they are still essentially a nat gas co that has to spend exponentially to move over to oil. And the worst thing of all was CHK burned though 4b in cash essentially while the new brass was echoing cost cutting. They could have bought the debt as you point out a signification portion being sold at sever discounts. I mean the bunked attempt to redeem some bonds early. I thought new management would be fiscally prudent and tighten things down, but Lawler still leaks cash. CHK still is in essence a story about its land and now its going be having to sell land in a reduced value environment.

    Sentiment: Hold

  • golemurgo golemurgo Mar 5, 2016 11:51 PM Flag

    Wallpack.. not to be a naysayer, but you realize the bonds coming due over the next 2 years? Its not like they get to pay down, but have to. In 2016 & 2017 1.8b is coming due. In 2018 & 19 2.9b is coming due. 2020 & 2021 2.14b is coming due. And then 2022 & 2023 4.2b.. Then the pause to the 3035's To raise this money they are going to sell land in a depreciated environment and production will be sold along with it(plus what is being lost due to not hbp). Being they are 70%+ ng company. Coming out of this with what they are going to have to sell CHK is going to be a far smaller company. And the premiums on land sales you are thinking about don't exist when they are forced sales with historically low ngl/ng/oil prices. There is upside here, but the company is still burning through money with the 4b they had cash on hand at the start of the year finishing up with less than 1b . That money would have been perfect to pay down debt, but the new execs decided to produce their way out of the worldwide glut which makes it more painful since he was bringing online non economic wells with that apend.

    Sentiment: Hold

  • Reply to

    opinions

    by marshalg2003 Mar 5, 2016 2:48 PM
    golemurgo golemurgo Mar 5, 2016 6:19 PM Flag

    Not Chk.. They have the land to sell but they are to levered to NG. its still around 75% of their revenue.

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