I myself bought in around 7-8 /share. Sold most around 14.00. Still hold a handful of shares but think Ill just let it ride into ARCC. I mean the management team and transparency can only improve.
just looking for data points and perspectives on ARCC.
Well heres what he would say today: NRP looking weak today (only up 8%). Coal looking weak. NRP going down. Down to where? who knows? Just going down dammit!
FLY will countersue the lawyers now for wasting everyones time and for the fact that FLY actaully made more GAAP earnings then previously stated.
I agree. I mean Helane Becker's questions for this management are so quizzical and useless she might as well ask what everyone's favorite color is. It doesnt take much I guess to be an "analyst".
They probably need oil over 50 by the end of year but they still have a lot of in-ground production (16 wells they could complete and get production from at any time)
Im still a fan of the soda ash and aggregate acquisitions that we made in 2014. Even looking at Vulcan's stock price over the last 2 years suggest the agg business has a bright future.
The O&G acquisition was poor in hindsight. While mostly funded by debt, about 100 mil of the deal was funded by stock (not cash) at a much higher price (120/share post spilt), so that will take out some of the sting of low oil revenues.
Our operator is Whiting (WLL) which is a pretty big player in the Bakken between them and CLR (Harold Hammy). WLL's stock has been smashed of late but at its current price is a pretty good pure play on Bakken and oil's recovery. Honestly you can find deals all over the market right now. An interesting spec i think is TPLM as well. Do your DD. I own it and they have pretty savy MGMT.
I saw somewhere the recent 47 million dollar deal was non-Bakken assets only. Which is good. DIdnt see if they sold at a gain or a loss though, which is poor practice/transparency to say the least.
They marked down their O&G assets 368 Million in 2015. They purchased the Bakken assets for 339 million in 2014. They didnt have much else in terms of Oil and Gas assets before that. They must have marked that whole division down to 0 pretty much. Honestly thats not a fair valuation considering they could just collect the runoff of operations and not contribute to maintenance cap ex and probably net 10-15 million a quarter.