You've been working for 3 months since last quarter. This stock needs some good news to flush out all the sellers and move share price higher.
Natural gas prices moving higher, nearly $3 per unit. Hopefully you hedged buying long term NG contracts. If so let's hear about them! Let's get PPA extentions. Forget about storage unless to can get more than 15% return! This thing is still more than one dollar lower than when you took over. Plus lost two quarters dividend!
With ENBL share price up 40+% CNP should be seeing record earnings. The market to market write offs become additive as ENBL price rises. What's driving ENBL price increase both oil and natural gas prices up! NG futures signal higher BG future prices! NG hit 2.82 today. Just think not long ago it was under $2 and ENBL share price under $6!
You got your dividend increase to 2%, thanks to the beat down! I bet mgmt bonuses do not get beat dn. With $4 bucks in earnings we should get double dividend payment. Mgmt would rather buy shares. Makes their targets easier.
Problem is there is no trust with this management! They send message we are buying shares, suckered follow us. I don't have a problem with mgmt buying shares, just advertising and using it to suckered investors to buy!
Better common than I thought. But with dividend savings, total should be over 3 million. At was seeing 600,000 in dividend reinvestment. So net 400,000 shares repurchased. How many institutional shares dumped?
Ignore me, I ignore you. Message Boards are not just for cheerleaders. CEO and board are not all knowing. If you think so, you are not to bright. I have been on multiple boards, even with high caliper Harvard professors. Believe me they know less than you SOME OF YHE TIME.
I disagreed with management ploy, buying shares suckering common holders to buy. The dividend cut should be used to buy common sharez. If share price higher they could use it as a vehicle to finance new deals. They did not understand market when they refinanced revolver, paying premium to tefinance.
Did AT have option on covers to give shares? I don't think so. It would of been much better to give shares. Shares at time were much much hight and these converts at today's share price worth .30 cents on dollar.
Low interest rates might be a drag on investments but it is an opportunity for gnw to refinance debt. This in my opinion is holding this stock back. With Fed. Bullard comments Fed. To raise interest rates once through 2018, Mgmt needs to secure longer term funding for debt.
Hmm did they say why? Hig has a low Texas exposure but it is being reported earnings hurt due to storms and low investment returns.
Not sure how great this is! If we get 3% discount, it might work out. We are trading 5.75% debt for 5% + .48% or 5.48%.
I guess it's better than paying interest to sit on cash. Interest is 5.48%.
Problem .48% is eurodollar cost and is variable. Have to hope for Europe interest rates to stay low. Given Fed. Ballard comments today, economy to be low growth along with interest rates through 2018.
Next best thing is heat is picking up. Utes love those air conditioners. Natural gas (NG) prices moving up. Any ideas about AT contracts for NG.
My thoughts are what is new debt cost to pay off old debt? Does anyone know or do I need to look it up?