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.