Recent

% | $
Quotes you view appear here for quick access.

Cliffs Natural Resources Inc. Message Board

jimjones62 175 posts  |  Last Activity: 4 hours ago Member since: Apr 25, 2012
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Prices are holding

    by ikillatspades 6 hours ago
    jimjones62@rocketmail.com jimjones62 4 hours ago Flag

    that is true but remember to include the balance sheet and full cycle cost including interest servicing. Currently the question is what price per barrel is needed to pay the .50 a year plus all debt servicing and generate enough free-cash flow to support a flat production profile? I sold out a month ago but was thinking of buying back in until this news today.....i have to rework all my numbers. I need to make sure they have the capability to grow payout in a 80-90$ oil price. It is possible the .50 payout will stay flat for the next 3-5years...that's the risk, depletion of the asset base with no growth.

    Sentiment: Hold

  • jimjones62@rocketmail.com jimjones62 4 hours ago Flag

    In a stable 90$ oil price they might be able, over time to get the distribution to 1-1.3....Bad timing levering up for QRE without a means to term out the debt... Anyone do a diluted share count yet to see how this effects NAV? Thanks

  • jimjones62@rocketmail.com jimjones62 Mar 28, 2015 2:21 AM Flag

    So prove it. Inspire us with your knowledge, it's in your best interest to share it, convince other to buy, including me, show us WHY you are right. Production number, realized price, easy for someone who knows the company so well.... Otherwise I imagine the passive reader will conclude if they haven't already how full of hot air you are. Time to actually earn your place on the board.

  • jimjones62@rocketmail.com jimjones62 Mar 27, 2015 1:33 AM Flag

    I agree, I believe the low is in for oil and cashing out here and riding the price curve up compounds the cashflow.

  • jimjones62@rocketmail.com by jimjones62 Mar 27, 2015 1:31 AM Flag

    Louisiana Light sweet crude at a $8 premium to WTi and $2 to Brent, That's a great hedge against the oil shale in the north where bakken crude is in the high 30$ a barrel.

    In this environment being in the gulf is a must.

  • Reply to

    More shorting today!

    by smither1970 Mar 26, 2015 11:17 AM
    jimjones62@rocketmail.com jimjones62 Mar 27, 2015 1:24 AM Flag

    So prove it. Inspire us with your knowledge, it's in your best interest to share it, convince other to buy, including me, show us WHY you are right. Production number, realized price, easy for someone who knows the company so well.... Otherwise I imagine the passive reader will conclude if they haven't already how full of hot air you are. Time to actually earn your place on the board.

  • Reply to

    More shorting today!

    by smither1970 Mar 26, 2015 11:17 AM
    jimjones62@rocketmail.com jimjones62 Mar 26, 2015 2:49 PM Flag

    Proves what exactly? That you still have no clue on the financial well being of GDP. Or that you only post when the stock mores up a few cents, or does it prove you rely one snappy one liner to support your investment thesis...I'm still waiting for you to post 1 fact about how they will survive? On the other hand I have posted volumes of actually numbers. Prove to everyone how smart you are son. Post your breakeven formula for their production and oil price to stay alive. The reality is regardless if people are buyer selling shorting it doesn't change the companies fundamentals... You have proven only how ignorant and stubborn you are. Keep holding and buy more, it seems it'll be the only way to break you of your destructive and lazy investing habits.

  • Reply to

    More shorting today!

    by smither1970 Mar 26, 2015 11:17 AM
    jimjones62@rocketmail.com jimjones62 Mar 26, 2015 12:31 PM Flag

    Hang in there kid. It's the only way you will learn.

  • jimjones62@rocketmail.com by jimjones62 Mar 24, 2015 4:54 PM Flag

    Great plan....

  • Reply to

    Last one to leave please turn out the lights.

    by globalaverage Mar 20, 2015 3:02 PM
    jimjones62@rocketmail.com jimjones62 Mar 23, 2015 10:09 PM Flag

    He has a disease, he can't stand the thought that others my make money where he lost his...it's very sad. $50 a share may have been too high for that moment is time but 10 right now might be too low...the future could prove $50 too low or $10 too high...Sad to lose money but even sadder to waste your time, that you can never get back.

  • Reply to

    Have a question

    by philipswallowflip Mar 18, 2015 1:12 PM
    jimjones62@rocketmail.com jimjones62 Mar 23, 2015 1:16 AM Flag

    Example of an company that will survive and grow:

    BBG

    166 million in cash on hand year-end 2014; received $ 43 million in February 2015 from Cottonwood Gulch settlement
    $375 million line of credit, undrawn. No need to draw funds in 2015~100% of 2015 oil and natural gas production hedged at very favorable commodity
    prices(~$90/bbl and~$4/ MMBtu). Additional favorable hedge positions in 2016

  • Reply to

    Good riddance to the convertible 5% notes

    by forbesafb Mar 20, 2015 5:07 PM
    jimjones62@rocketmail.com jimjones62 Mar 23, 2015 1:10 AM Flag

    test

  • Reply to

    Have a question

    by philipswallowflip Mar 18, 2015 1:12 PM
    jimjones62@rocketmail.com jimjones62 Mar 19, 2015 4:24 PM Flag

    At May 13, 2002 there were 17,907,023 shares of Goodrich Petroleum Corporation common stock outstanding.
    LONG TERM DEBT 2002........................................................ $12,500,000 (currently 900000000$)

    Production was 3k boe, current 6k but debt increased 887.5 million, share count more then tripled
    They had assts that were profitable at $20 oil and 2.5$ gas, currently not a chance
    Just a few OBVIOUS DIFFERENCES BETWEEN 2002

  • Reply to

    Have a question

    by philipswallowflip Mar 18, 2015 1:12 PM
    jimjones62@rocketmail.com jimjones62 Mar 19, 2015 4:15 PM Flag

    The lifespan of 900million in debt, 80 million in annual interest servicing cost, a forward curve on crude below $60 until 2017, etc have a most longer lifespan then a minute. If you are comparing to 2002 maybe you should take a look at the assets, debt, production and price of NG and oil in 2002 there is no comparison other then the ticker symbol.

  • Reply to

    This common stock is withOUT value

    by bigrgub Mar 18, 2015 11:17 AM
    jimjones62@rocketmail.com jimjones62 Mar 19, 2015 3:30 PM Flag

    They may survive but based on all the current facts, debt, production, cost, negative cash flow, futures on oil and Ng price it's a 95% chance the current capital structure won't.

  • Reply to

    This common stock is withOUT value

    by bigrgub Mar 18, 2015 11:17 AM
    jimjones62@rocketmail.com jimjones62 Mar 19, 2015 3:28 PM Flag

    I've been right son, all the gain are gone now and now they have more debt, oil prices are lower, assets that could have been sold now are leveraged so a sale is impossible and hedges are rolling off...It takes time, it took kwk 3 years to finally go into BK. This isn't personally I'm trying to teach you about Financial Analysis so you don't keep making the same mistakes and loss your money over and over. You are too emotional, you need to step back and take a rational view of the macro and micro factors at play here. You have yet to provide any analysis to back their survival other then 1 liners from their presentations which you didn't understand like the "break even price" which doesn't include corp expenses and interest servicing on debt. Or total debt, you look just at the balance sheet and don't take time to read the 10k where other 300 million of debt is listed as PR. You have a great opportunity to trade into a company that will survive, virtually all the companies are trading at a discount for now, but I suspect you can't tell a good one from a bad one, so apply some simply math and reading and learn how to do it, seriously, you'll never survive long term otherwise, you'll get lucky once or twice and then it'll all be gone...Charts work until they don't, They are a trading tool, not a replacement for looking at the business and balance sheet. do you really think warren buffet buys a company based on just looking at a chart? Wake up kid, stop sulking, act like an adult, fight that ego and do some homework.

  • Reply to

    This common stock is withOUT value

    by bigrgub Mar 18, 2015 11:17 AM
    jimjones62@rocketmail.com jimjones62 Mar 19, 2015 12:49 AM Flag

    Oh geez, with that sound logic you should mortgage your house, borrow on your credit cards, yes do it, it's a sure thing, chart's are always right.....your logic is baffling.

  • jimjones62@rocketmail.com jimjones62 Mar 17, 2015 5:37 PM Flag

    really , interesting that your yahoo ID in under a year old for such an active trader for the last many years...

    It's sicking to see such BS, everyone trying to pump to lure in under-informed investors for a quick trade, just like the guy who convinced everyone to pile into the gdpan so he could exit with a profit....how about some numbers to back it up vs. "Well it worked before, it'll work now, " "scale in ignore the debt, the forward strip on oil and gas, ignore the debt covenance, ignore the dilutions, ignore the negative production gorwth, most of all ignore the facts because it worked before"

    Reality back then the company was different, low leverage, higher production and higher hedging.....

    What about atp, gmx, lpr, caldrive, kwk, dune all bk, how'd your misguided theory work out for those investors?

  • Reply to

    Unsecured Debt, GDP

    by omar.reynos Mar 15, 2015 11:04 PM
    jimjones62@rocketmail.com jimjones62 Mar 17, 2015 2:16 AM Flag

    you're welcome....what's your conclusion...how do you see it playing out for GDP?

  • Reply to

    Unsecured Debt, GDP

    by omar.reynos Mar 15, 2015 11:04 PM
    jimjones62@rocketmail.com jimjones62 Mar 16, 2015 5:27 PM Flag

    even without Pr payment they still are insolvent in a year at best. look at the all the expenses aside form just drilling.

CLF
5.06+0.33(+6.98%)4:03 PMEDT