i don't see the last earnings as disappointing. This is a big ship, and its going the right way. The quarter to quarter earnings in any E&C are jagged, as they can decide when they want to book profitable work, as the payments come in, and when they want to release reserves on a project that will come in OK, and not eat into the contingency. The annual increase in work sold, and work billed, and the margins on the new work are all you need to know about to feel comfortable with a buy and hold. I would buy right here, and be confident we will be ahead 15-20% a year from now.
I was in CVX, XOM, PBR, SU for broad, world wide exposure to upstream. Only CVX remains. I switched from XOM to COP because COP has a production growth strategy that is working. Exxon has a strategy to be big and do big deals that they don't do carefully enough to actually execute. An example is Kearl. they delayed it for decade, then did it, then fumbled it. Kaz is another example of big project fumble. So is the BP disaster in the Gulf. I like COP, they give me exposure to the upside of oil prices, and they are growing in the Perm Basin.
Dude, its a Bond, not a stock, and it paying 7.5% ( more when it goes down a little.) It seems like a healthy business, so go create drama somewhere else. I don't even look at the price anymore.
on some days it makes me made, and I go spend 100$ on a couple of calls. Most days, I just relax, and click on the estimate of the annual income that HFC/HEP are giving me, and think about all the Pinot its going to buy me. today im up 40% in half and hour on my two calls.
When did this become a worthless tech stock??
great evolving business model , with results still in progress.
Nobody wants to wait anymore.
Say people going past a school bus today with its red lights flashing.
Interruption greatly appreciated.
I don't even look at this one but once a week anymore. Its a core holding. Its a great substitute for bond income which the Fed doesn't think we should be able to use for income anymore. I don't see anything that they are wanting to do with the cash rolling in, so its likely to continue with buybacks and special dividends. Im averaged in in mid 30s and plan to hold in the core dividend group which includes KMP, ARLP, APU, VZ, and AMJ.
Yes, its an excellent step. Refining margins in the industry were just so-so in Q1, but improving to good in Q2. that means we should have better than 1X this summer. Looks like the reaction is good, and building. If I were short here , and lots of folks must be with the SI so high, I would be thinking of covering based on the past month trend, and not wanting to cough up the 9% dividend penalty .
not an investor. just a speculator seeing a sure bet with a few well placed puts.
Yes, but this time there may be wisdom in calling for the sky to fall. Look at the volume trend over the past three months. The buying is exhausted, and likely to fall of its own weight. Without mo or earnings what provides support in a downtrend?
thanks, I missed that. I do like the comment about the repair business. the feds may goose that market if they require major upgrades on the fleet for light crude hauling.
why would anybody want to be in this stock, as revenue and ( maybe?) income are over two years away. You could be in CBI, or PSX, or KMP. or CF, if you like the monetize natgas story. they are making money now, and have projected revenue, gross margins and income that should climb every year well into the future.
estimates show projected 20% long term earnings growth. that should be good for a 20 PE ratio in a decent market. So, when this sorts out, we should see north of 100 on the price.
Im all in.
never seen a more obvious , yet slow moving upward move.
been in since 2012, and holding in core retirement fund.
book to bill of 1.7 is fantastic. margins would be going up, and sales will increase as those added orders are delivered at a faster rate over the next several quarters. and if the buyers slack off, just divert cars to company lease inventory, where lease rates are going up at +10-20% a year. this is a gold mine. upward annual earnings far into the future. very good opportunity now to get in. switching most of my GATX position here, because this is a more explosive business model.
yep. and they can book all the Canadian LNG they want. We all know that one indian can object to the project and delay construction a couple of a million years. it won't materialize. What else ya got Seaton?
So for each 1 mtpy of capacity they should be able to net about 150 MM$. that would be buying the nat gas for 5 and selling for 9$/ MMBTU. a full year of a 4.3 mtpy plant might then net 500-600 mm$ at best, which would be about 3$/share of earnings gross earnings. then you have minority owners, and likely some taxes, so no windfall if you are buying now at $50/ share.
i would venture a very educated guess that commissioning, startup and inventorying expenses will eat all the revenue from the first full quarter of operations, so, you get a train and no profit. Six months down the line, different story.
Yep, we export light oil to EU, it backs out Russian Crudes, and takes money out of Stalins mouth. ( I mean Putin).