The news release stated;
Under the Program, American Capital will purchase between $300 million and $600 million of common stock at prices per share below 85% of its most recent quarterly net asset value per share, subject to certain conditions. The purchases will be made prior to the previously announced spin-off of American Capital Income, Ltd. by the Company
Was in AMR.
Got in at .60 and out a week later at .90
Made 3,000 but it I had the guts to hold it would now be worth over 400,000
If this goes lower I am going to give HERO a try
With 510 million shares outstanding and 759 million in stated profits on the Yahoo facts file, ($1.40 per share profit) I think there is to much stock to be absorbed by the market. Only 20% is held by institutions and 10% by management. With that many shares in the free market, it is hard to grow the profit per share.
Even with the new production coming on in the next quarter, I think the dividend should be left alone and the additional income of $20 profit on each of 50,000 barrel per day be used to retire up to half of the 510 milliion shares of outstanding stock, if the stock price stays below $6 per share.
I realize that would take board action, but other companies are now seeing that avenue as best for the stock holders.
Most of the large fund holders are under a rule that they cannot carry over a stock that is selling for less than
If so, they must sell at below that figure before the next reporting period of their funds.
DOES THAT MEAN WE ARE IN A "FIRE SALE" MODE?
It appears that each filed of bitumen has slightly different characteristics, Some are best for road asphalt, some for roofing tars, others for waterproofing etc. Most of them now having a range of value from 285 to 400 dollars per ton.
Does anyone know what the final best usage of Lindberg bitumen will be. Since they have a working test hole, it is assumed they have a good idea of their final product characteristics
I placed a call to Lindberg wanting to know what the best usage of their product would be, and got an answering machine that said they would respond.. They have not.
I tried to look up that information and the best conclusion I couild make was that GASLOG PARTNERS would probably aquire hulls 2042 and 2043 that are yet to be delivered in 2014 and the ships still unnamed and hull 2044 that is to be delivered in 2015 since that three are the ones in the 155,000 cbm class.
Is that correct?
The press release for GLOP stated "The initial fleet of GasLog Partners LP consists of three LNG carriers, each of which has a carrying capacity of 155,000 cbm and a multi-year charter"
Which three hulls have been designated for that fleet?
Those already in the fleet, those bought from BG or those still to be built?
Could Gaslog be setting up a group of vessels for FSRU (Floating Storage and regasification) usage? It seems that many market ports are short of FSRU docks. Golar Ltrd has already set up some vessels for that function.
To take older ships that are not competative in moving LNG and remaking them into semi stationary FSRU units seems to be a logical use that helps both the buyer (GasLog) and the seller (BG)
This is one way to get around many port restrictions about new regasificatrion facilities on their land docks.
From what I have read the LNG market in the short term has a flat supply and flat demand curve. There are nearly 100 new builds on the books with new owner entries from China and Japan to be delivered in the next three years. Talk of new fields in the planning stages that will be opened in the Pacific Rim that will mean shorter hauls. for the transports.
Now, all the GasLog managment has to do is pull a rabbit out of the hat.
"But I don't get it why they declared divined with this type of stage we are at"
Pigbank , I have been in several stocks that did not pay a dividend that looked pretty good. Most of them were the targets of shorting attacks.
I think this company is protecting themselves from a short attack by paying a small dividend, since if a dividend is paid on a shorted stock the person or company doing the shoreting is liable for the dividend payment in addition for rent payment to the organization they borrowed the stock to short.
Gas Log has 65 Million shares outstanding. With a Q3 profit of $21m that figures out to be about .32 cents per share. Good results.
Did the release state how much had been expended to reduce the debt of the new builds?
New Fleets Coming
I think I saw that in the next four years there will be over 80 new LNG vessels built in the Orient. Some of those will belong to different companies in new countries entering the LNG transport field,
Including China and Japan
GasLog will take over the vessel from STX Pan Ocean early in the fourth quarter of 2013 in Spain, which makes her well positioned to take advantage of the current tight supply of tonnage for this winter in the
Paul Wogan, CEO of GasLog said: “ .We are also extremely pleased that we have now demonstrated our ability to execute on the two separate growth strategies that we have been articulating to our investors since becoming a public company. . We have accomplished this by adding the previously announced medium to long term chartered newbuildings at attractive rates and now with the opportunistic acquisition of a secondhand ship. . The opportunity to acquire the vessel at this price was a consequence of the well-publicized difficulties, which STX Pan Ocean has been encountering.".
The price reflected the ability of GasLog to acquire the ship at short notice and without a committed charter, hence enabling the vendor to use the funds positively as part of their own reconstruction. This speaks to the strength of the operation and financial platform, which the Company has created. With this acquisition we are further building a strategic mix of potentially more opportunistic vessels that complement our existing portfolio of medium- to long term fixed vessels. We think this mixed portfolio is the best way to maximize risk adjusted returns to our shareholders in what we believe will be a very positive long-term LNG transportation market.”
Simon Crowe, CFO of GasLog said, “Our current financial position and b
DEMOCRATS CAN RUN A GOVERNMENT...THEY JUST CAN'T BALANCE THE BUDGET
Telling them to balance the budget is like telling a drunk its time to stop drinking
Their old saying was that "Running a deficit did not matter, We only owed it to ourselves "
Tell that to the Chinese who now want to cash in our debt markers for real assets. Smithfield Meat and Iowa farm land being just the start of that collection process.
With PGH future focusing of the new Bitunimous wells, does any one know the current range of end products uses of the raw material? What is it used for beside paving binder? What is the current well head barrel price of the material?
I have 'Googled' the subject of Oil Sands and bitunimous and found very little product usage and economic materia avaliablel.
Hoegh LNG announced last October that they would buy 50% interest in STX Frontier as they expanded into the LNG market. Spain was to be the market served.
Does anyone know what hapened to Hoegh's plans that they would cancel their plans and the ship would be sold to Gas Log?
What does that have to do with the delivery of the ship to Gas Log in Spain in the 4th quarter when it is currently listed as being in South America?
Gas Log has bought STX Frontier LNG vessel for 160 million USD.
STX Frontier, built in 2010, had a 3 yr contract with Respol YPF of Peru that started in July 2010.
The ship was in alliance with Hoegh Autoliner.
The ship will be delivered in Spain in 4th quarter and it looks like it will be used in the spot market.