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Cliffs Natural Resources Inc. Message Board

hookemup07 7 posts  |  Last Activity: Feb 25, 2015 2:49 PM Member since: May 3, 2007
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  • I love Cracker Barrel but felt compelled to short the stock as I believe this move is overdone! I very good quarter and good guidance but does it really justify a 16 point move in the stock. At this price I believe all the good news is in the stock price. The company gives credit to mild weather and low gas prices for the their good results. Well this quarter is not starting off so hot (no pun intended) as far as the weather goes and this extends to the South. I also anticipate gas prices stabilizing at current prices and actually trending higher as we go into the Spring and Summer driving seasons. It does seem as though oil has, or is very close to finding a bottom, and very well may move up rather sharply later this year as production cuts and increased demand reduces supply. During the Conference Call Cracker Barrel stated they were basing their significantly improved guidance for 2015 on ""assumed" continued mild weather and low gas prices. The way the weather has started off in this quarter and the fact that oil seems to have found a bottom, these are two assumptions that might not turn out as they had assumed.

  • Blackrock filed a 13G this morning showing they have acquired 25 milliion shares of Rig or 6.9% of the shares outstanding. This is a new position and if it's good enough for Blackrock it's good enough for me!

    Also, shorty can get ready to pony up as Rig just announced a payment of $0.75 a share for the next quarterly dividend with ex-dividend date of 02-18-15. A double-whammy for mr. shorty!!

  • hookemup07 by hookemup07 Jan 14, 2015 9:16 AM Flag

    Barclays downgrades Whiting Petroleum from Overweight to Equal-weight and sets a price target of $27. This company should have ponied up with a much better hedging policy. In this environment a 3% hedge on production will simply not cut it!

  • Reply to

    BHI worth $64.34

    by wall.street13 Dec 19, 2014 7:17 PM
    hookemup07 hookemup07 Dec 23, 2014 4:01 PM Flag

    The problem is when the deal was agreed to (11/14/14) Baker Hughes shareholders were to get (based on the closing prices of the stocks on 11/14/14) around $20 more than the BHI stock closed at that day. What has happened is that since ll/14/14 Halliburton stock has dropped $15.00 or 28% while BHI has dropped $3.81 or 6.4%. This has cut what was a $34.6 merger in half. I have to think there are provisions in the deal which takes the changes in the stock prices into account and would require Halliburton to pony up more money per share or increase the value of the shares offered. What was a very nice premium has slowly evaporated and I can't believe the BHI board would not made certain that the merger aggrement allowed for adjustments for the possible fall in Halliburton stock.. At least I hope not. If things keep going the way they are now Halliburton could walk away with Baker for coffee change..

  • Been in-and-out of Rig several times over the years and always did very well. Initiated a new position last week partly on the basis of the CEO purchasing 9800 shares at $29.41. As apparently he did, I felt the selling was a bit irrational as stock is trading at an unheard of 0.67 of sales and the P
    EG ratio is the lowest I've ever seen at 0.09. I know both sales/earnings will be lower going forward and these figures will be revised but still it appears the market is pricing in the very worst case scenario. Rig has no significant debt payments coming up in the near term and they have the balance sheet to ride this thing out.
    Trading at one-half book value I still feel the selling is overdone. Notwithstanding, I may soon be Stopped Out and if so will look to reenter when oil prices shows more evidence of stabilizing. I feel there's some serious money to be made in this stock it's just a matter of timing. Looks as though my timing was off this time but I'm confident I'll be back.



  • hookemup07 by hookemup07 Dec 2, 2014 4:32 PM Flag

    Yesterday Rig's main man purchased 9800 shares of company stock at $20.41. Way-to-go Steve!
    Always nice to see company Insiders put some skin in the game and especially nice when that Insider happens to be the man at the stern.

    I know it's tough but if you get in at this price and show a little patience, you will be well rewarded!


  • with price target of $81.00.

6.84+0.06(+0.88%)Feb 27 4:03 PMEST

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