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Enterprise Products Partners L.P. Message Board

harold33272 13 posts  |  Last Activity: Mar 24, 2015 7:56 PM Member since: Dec 26, 2011
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  • harold33272 harold33272 Mar 24, 2015 7:56 PM Flag

    Sucks for dividend income investors who couldn't care less about a quick price bump. Had a good stake built up in Heinz with a lot of compounded interest through the years and did not want to see it taken private.

    Where does it end?

    It's why I've not increased my stake in General Mills.

  • What are waiting on, $200?

    It's long past time to split this thing. Give us a 2-for-1 or at least a 3-for-1 if it reaches $180.

  • Reply to


    by oilmasterusa Mar 12, 2015 5:07 PM
    harold33272 harold33272 Mar 13, 2015 8:34 AM Flag

    auggiekicker1821, I think the scenario you describe is probably the most likely. That's roughly a $5 million well at North Kokopelli and Dejour will put down anywhere from $1.2-2 million for the well. This loan would certainly facilitate this. My preference would be to use the entire $2 million so that the company receives a 40% WI in the deep vertical.

    I still expect the company to deal all of its working interest in South Kokpelli, North Kokopelli and Roan Creek in early-mid 2016 after a successful mancos - meaning three, total - has been drilled at each location.

    Sentiment: Strong Buy

  • Reply to


    by tobin1828 Mar 2, 2015 4:31 PM
    harold33272 harold33272 Mar 6, 2015 8:56 AM Flag

    That would be extremely disappointing if indeed that were the dividend increase. That would represent merely a 5.7% hike and it would mark the second straight year of a 6% or lower dividend hike, which would be quite disappointing. I think at the least the company should raise its dividend to $0.75 per quarter or $3.00 annually, which would be just over the 7% mark. That would represent a very fair, reasonable hike. $3.00 a share would also be far lower than free cash flow per share and earnings per share, so again I think it would be a proportionate, reasonable hike.

    .74 would be unacceptable IMO.

  • Reply to

    Buy the rumor,sell the news

    by karakoranclimber Dec 16, 2014 6:30 PM
    harold33272 harold33272 Feb 9, 2015 11:59 AM Flag

    karakoranclimber, question please.

    It is quite obvious that you do not have a position in Dejour Energy, otherwise why would you camp out on this message board and trash this company literally dozens of times a week?

    For example, I don't have a position in Microsoft. That's fine. That's my right . But I'm not going to camp out on the Microsoft/Yahoofinance board and trash the company and its stock dozens of times a week.

    My question is, why on earth would someone who feels the way you do about Dejour spend literally hours a week trashing this company, its officers and its stock? What kind of miserable, despicable human being hops on the Internet seven days a week to conduct these endless hit jobs on a company, its officers, its shareholders and the stock?

    You, sir, represent literally everything that's bad on the Internet and you are proof positive that any piece of garbage that floats up on a log can sign in to a message board, hide behind the safety and comfort of a message board handle and relentlessly tee off on a company, its officers, shareholders and stock with virtually no accountability whatsoever, much less credibility.

    Your parents must be so proud of what you've become.

    Please retire or expire, whichever comes first.

    Thank you.

  • Reply to

    If LEI can get a partner/buyout so can we

    by a85amc12195 Feb 4, 2015 2:25 PM
    harold33272 harold33272 Feb 5, 2015 8:37 AM Flag

    I would be shocked, absolutely stunned if Dejour was bought out at this point.

    I don't know that I see the entire company being bought out at some point. I think it's more likely that DEJ would deal its Piceance assets. And I'm confident that isn't going to happen until three events take place:

    1. A successful mancos at South Kokopelli
    2. A successful mancos at North Kokopelli
    3. A successful mancos at Roan Creek.

    The first one is a first quarter event. The second and third are potential late 2015 events.

    These events will double, possibly triple the company's reserves profile. No CEO would deal these plays without first proving up the acreage. The only scenario by which that would happen would be if the company was in financial distress. And such is not the case. DEJ is actually a step away from becoming a positive EPS micro cap E&P, which is very rare. And I expect it to happen by Q2.

    I've not sold a single share since taking a position in the company in 2011 and I do not plan to even consider selling my stake until each of the aforementioned events are done.

    Sentiment: Strong Buy

  • Reply to

    Dejour is a value play,despite low commodities

    by southpen4 Jan 26, 2015 2:11 PM
    harold33272 harold33272 Jan 26, 2015 5:57 PM Flag

    Right on as usual, southpen4.

    It costs Coachman money everyday while on site, so they're working expeditiously to get this done. Really looking forward to the news on South Kokopelli any day.

    We should be a positive EPS stock during or at the end of the second quarter. And that is extremely rare for a micro cap E&P company.

    No debt and double, possibly triple the top line revenue and possibly triple BOEPD (year-over-year) by year-end, not to mention double+ recoverable reserves profile.

    This is a layup.

    Sentiment: Strong Buy

  • Reply to

    Can anyone give me the Skinny?

    by longjohnstockman Jan 16, 2015 12:29 PM
    harold33272 harold33272 Jan 26, 2015 11:57 AM Flag

    If you can hold for two to three years, you're going to make a lot of money. Revenues should be at $30-35 million+ by year end of 2015 with Dotolo (FDA-approved product) out in the market and in the hands of physicians by then. More acquisitions in 2016. CEO is retiring debt, stopping convertible notes and putting cash flow and top line revenue on the books. I expect OCLG to be uplisted to OTC-BB this year. I think AMEX is very realistic in 2016 because at that juncture OCLG will easily have a $15 million+ market cap.

    Fundamentals of this company are rapidly changing. Tangible assets, an FDA-approved product, revenues and cash flow climbing and a lot of additional eyeballs are going to be viewing the stock once it's uplisted.

    I think a $0.35-.60+ share price is realistic in the next 18-24 months.

    Sentiment: Strong Buy

  • Reply to

    New Rainbow - Three Forks

    by zoom_bee Jan 25, 2015 7:57 AM
    harold33272 harold33272 Jan 25, 2015 7:37 PM Flag


    Thanks. Just looking for your general outlook for the company.

    I enjoy your insight and due diligence.

  • Reply to

    New Rainbow - Three Forks

    by zoom_bee Jan 25, 2015 7:57 AM
    harold33272 harold33272 Jan 25, 2015 12:04 PM Flag

    zoom_bee, what do you think is realistic for SSN this year both from a BOEPD standpoint and a stock price standpoint?

    Given the enormous cost associated with drilling in the Bakken, after a number of years and the wheels of justice sort of moving exceedingly slow for the company, might management just deal the company for a few multiples in the next 12-18 months? Or do you think they are committed to seeing this through for a few more years?

    I just believe everyone has an exit strategy when you're in the micro cap E&P business, whether it be SSN, DEJ or ROYL, etc. Rarely do these type of companies just hang around for decades. Usually there is an end-game plan or exit strategy where management feels it's in the best interest of shareholders to deal the company.

    Thanks for any insight you may want to share. I enjoy your posts.

  • Reply to

    Why Not A "Buy-Out"

    by rbarrygunnarson Jan 14, 2015 1:06 PM
    harold33272 harold33272 Jan 14, 2015 3:41 PM Flag

    I like management's plan at Woodrush. They recognized an opportunity to pull substantially more revenue from Woodrush relative to years past. I am intrigued with the pipeline and additional sour gas facility because I believe Woodrush can be set up to provide very stable, predictable cash flow for the company in the years to come. And when you're a small cap E&P, you need a good port in a storm. And I think Woodrush satisfies that. I like the economies of scale there. The downside risk is limited and you're dealing with low-hanging fruit, in a sense much the way DEJ enjoys with Williams Fork wells at Kokopelli. Obviously they're two totally different animals.

    I believe the company has three very low risk, high reward assets in Kokopelli, Roan Creek and Woodrush. I think that has to be the focus. I do not foresee any activity of significance at North Rangely, which is obviously a high risk play. I just don't know if the juice is worth the squeeze at North Rangely. I think the company would be best served focusing on Kokopelli, Roan Creek, Woodrush and then purchasing some smaller, distressed oil/gas assets. In other words, drilling for oil at Woodrush and drilling for oil at North Rangely are two totally different animals. This is a micro-cap, so it's my opinion that DEJ doesn't need to spend a lot of time trying to develop North Rangely. They've been fishing a joint venture for North Rangely for several years and no one has come aboard yet. I'm just not sure it's a good situation for DEJ. Suitors know DEJ can't afford to drill there on its own, so they're going to walk through the door wanting basically everything that comes out of the ground. DEJ doesn't want to give that up, obviously.

    The company can buy some distressed oil property elsewhere and not have to go 10,000-15,000 feet into the ground to get some stable, production and long-range returns.

    Sentiment: Strong Buy

  • Reply to

    Why Not A "Buy-Out"

    by rbarrygunnarson Jan 14, 2015 1:06 PM
    harold33272 harold33272 Jan 14, 2015 1:55 PM Flag

    DEJ could conceivably be worth $2.25+ in 15-20+ months, but for that to happen, for the company to fetch that kind of multiple, you would have to have a producing mancos/deep vertical at South Kokopelli, North Kokopelli and Roan Creek. I say that because those three events alone would double, possibly triple the company's recoverable reserves. DEJ would be in a position to fetch several multiples of whatever the stock was trading for at that particular time.

    I'm not saying $2.25 isn't realistic. But the low-hanging fruit/Williams Fork wells won't do it. The company has to prove up South Kokopelli/North Kokopelli/Roan Creek with at least one deep vertical apiece and then I think DEJ is a totally different company. These events would dramatically and immediately impact the market cap before a buyout ever occurred.

    Personally, for it's worth, I do not intend to unload my shares (over 900,000) until successful deep verticals are drilled at South, North and Roan Creek. That's the only way we're going to maximize any M&A activity. Hodgkinson also is now 65 years old, so I don't think for a second he's interested in fully developing these three fields in the next 7-10+ years. I think he'd like to see multiples of the stock price in those 10,000,000 shares he holds. And as of last fall he was in the stock at around $0.39 a share. I'm speculating but I don't think he has hung around for a decade to fetch a two-bagger. I think he's looking for several multiples of where he is in the stock. And he knows it's not happening without mancos activity.

    I have no idea what the stock price will be when those three events occur. But I know in order for us to maximize any M&A activity, they're going to have to take place. And that's what I'm waiting on.

    Just some two cents from someone who's been in the stock since 2011.

    Sentiment: Strong Buy

  • Reply to

    OCLG Growing

    by westorange1945 Jan 7, 2015 11:28 AM
    harold33272 harold33272 Jan 9, 2015 6:23 PM Flag

    Most certainly undervalued. They should have some good cash flow in the coffers in Q2, certainly by Q3 with the launch of Dotolo into the hands of physicians (FDA-approved product which has very good margins) and with another major acquisition which should be done in late January/February.

    Sentiment: Strong Buy

32.91Mar 30 4:02 PMEDT