25 cents this year, how's that, rhymes with truce. ATLS merger coming, elim dist, EF drilling destroys value at $30 oil, hole gets deeper. Not too hard to figure out. You can load up at better prices.
That's the issue for the idiots on this board, they want to blame everyone else in the world for their bad bets. Look in the mirror, there's the culprit. Oil will come back but it could be years, gas as well. $60 oil, a long ways from $30s and $3 gas won't be enough to save ARP, doesn't take a genius. And there are several other cos that will be in the same fix as well.
Sold ARP at $10, have never shorted it and have called lower prices for a year and guess what, the macro is worse than ever, several cos with too much debt are disappearing. You don't have the capacity to see a losing bet even if it has been confirmed over and over. And if oil goes to $20s, my forecast of 50 cents will be high. There are consequences for your inane bullish position, it's called losing more money. Cheers rhymes with truce.
Another forecast and so far all of them have been right so far, unlike yours. You can load up when the hit the pink sheets. Turn yourself in for claiming this is a good investment, what a joke, rhymes with truce.
Bruce's 100 shares are worth $83 before commission, almost as many ids he posts under.
ARP will disappear. They will merge with ATLS to save Eddie's last shot, which won't work, wasting cash in the EF, but he has not choice. And ARP which woudn't survive on its own either, just ends the misery sooner. And the idiots on this board will ride it all the way, actually there's only one poster with many ids, humorous how he even argues with himself. If you don't get it by now, $20 oil should convince you along with $2 winter gas prices.
ARP will merge with ATLS, elim dist, still not enough value to cover the bonds, they will be forced to stop squandering money on the EF wells which could go to pay off the debt holders. Just a matter of time, in 16.
25 cent unit price, just an idiot bet on survival which won't happen. OIl at $60 for years and gas at $3, those prices don't work.
You lost 2/3s of your investment, and others should listen? Your track record is stellar. Arrogant and ignorant. Why don't you all at least find an e and p co that will survive the tepid recovery, most see $60s oil as best forecast for a few years, and nat gas is $3 gas. ARP is toast, the only value they have is the hedges and the remaining assets don't come close to covering debt. The cash flow is going to drilling EF wells that aren't profitable at $60 oil so that takes care of the hedge value. Going out of business is an easy call.
From the guy who said it was like money in the bank at $3. The equity value is negative, just a matter of time before the debt holders want at least part of their money back. If you can't figure that out, you shouldn't be investing. It's not worth a dollar or 10 cents long term.
The turkeys on this board think a few pennies one way or the other is material. ARP's value is zero minus. The asset value, even at higher commodity prices, doesn't cover the debt and the EF drilling will only make it worse, value destroying. Happy New Year.
The biggest bunch of turkeys anywhere on this board, amazing how they fed off each other as it continued to sink. Ignorance and arrogance are not a good combination. An option on survival and not a very good one.
You all don't seem to understand, ARP's equity value was a negative at a unit price of $3 and it's still negative. This is an option on surviving, and it's not a great bet, might as well buy the lottery ticket, odds are probably better. The assets don't cover the debt.
The ignorance of the bullish posters on this board is exceeded only by their arrogance. Again, can't say they weren't warned. Analysts now converging on '18 before we see a recovery for commodity prices. Nat gas actually might look better than oil today, but won't be enough and fast enough to help ARP survive.
I wouldn't buy any of the e and p MLPs. And would stick with the larger, less leveraged e and ps, like OXY, NBL, APA, PXD, Permian cos look like the best bets. Picking a more leveraged, DVN has been dinged for a couple of acquisitions but should do well longer term, have the OK plays, EF and Delaware Basin. Still think for a smaller co, BCEI for Niobrara. Saw today that Credit Suisse has a $11 target, BCEI is in the $4s. Or pick a NE gas company, Antero, Range.
As for KMI, the infrastructure cos are too cheap if you believe we have continued growth in the US. KMI is probably a good pick, Williams/ETE also. PAGP. My advice is buy the best assets with less debt, who knows how long this continues, probably takes a couple of years to recover to something, $70ish, could be $60 for a few years and $3 gas, the NE companies will do with with gas at $3. If I had to buy an e and p today, would probably be OXY, good div, very little debt, good Permian asset. Having said all that, I thought oil would be back to $70 by end of 16, and the strip shows low $40s, not encouraging. Iran dumping half a million bs on the market won't help. $40 oil is not sustainable long term but the when is the issue, not sure anything happens fast enough for the ARPs of the world, the EF wells destroy value, so ARP doesn't have anything that;s profitable. The sector will recover, just not fast enough for the high debt cos.