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GMX Resources, Inc. 9.25% Seri Message Board

joeevani 521 posts  |  Last Activity: Mar 27, 2016 12:18 PM Member since: Oct 22, 2004
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  • The Telegraph
    Jillian Ambrose, business reporter
    26 MARCH 2016 • 6:15PM

    Oil prices could rebound sooner than expected as smaller oil producing nations make deeper cuts to output than forecasts suggested.
    Analysts at Bernstein claim that production from non-Opec oil producers outside the US is falling four times faster than the
    International Energy Agency estimated, meaning prices should recover faster than expected.......

  • Reply to

    Seems this stock only goes down

    by tongoapeman Nov 23, 2015 1:54 PM
    joeevani joeevani Dec 26, 2015 1:07 PM Flag

    As in the ten-year chart?

  • joeevani by joeevani Dec 17, 2015 4:46 PM Flag

    The Street
    Insider Buying Heats Up in Energy Sector
    By TIM MELVIN Follow | DEC 17, 2015 | 2:00 PM EST | 2

    When I look at a beaten-up sector, one of the key tells that things may be near a turnaround is insider buying. I may not be an expert on a given industry, but the people running the companies in the space should have some deeper level of knowledge than I possess.

    We are finally starting to see some insider buying in the energy sector after something of a lull in 2015. I have proven pretty definitively that I have no sense of timing when it comes to the oil market, as I have been long and wrong for a little over a year now. One of the reasons I had held off adding to my positions was the fact that insiders simply were not very active on the buy side......

    ......The biggest MLP buy was in shares of Energy Transfer Equity (ETE). Co-founder Kelcy Warren spent over $41 million to purchase 2.485 million shares. Energy Transfer, as general partner of Energy Transfer Partners (ETP), Sunoco LP (SUN) and Sunoco Logistics LP (SXL), owns oil and natural gas pipelines and storage facilities. It sells natural gas to utilities, independent power plants, local distribution companies and industrial end-users. Energy Transfer is in the process of trying to acquire Williams Companies (WMB). The shares have been hit hard in the current selloff and are down 52% in 2105. If successful, it will become the world's largest energy infrastructure company. (Energy Transfer Partners is part of TheStreet's Action Alerts PLUS portfolio.)

    Warren is not the only one buying the stock. President John McReynolds bought 84,667 shares of Energy Transfer Equity this month, CFO Jamie Welch bought 50,000 shares and Director Rick Turner bought 5,000 shares. At this price, the shares are yielding 8.7%, so you will have a decent cash flow if you decide to invest alongside the billionaire pipeline operator and his executives......"

  • Reply to

    Tide is turning for investors

    by jeromehoehn Jul 15, 2015 11:05 AM
    joeevani joeevani Jul 15, 2015 12:25 PM Flag

    Miller Energy Resources : Provides Clarifying Statement and Announces Receipt of State Tax Credit Funds

    07/15/2015 | 08:01am US/Eastern
    HOUSTON, TX -- (Marketwired) -- 07/15/15 -- Miller Energy Resources, Inc. (NYSE: MILL) ("Miller Energy" or the "Company") today provided clarifying comments to announcements made in its press release dated July 14, 2015. The Company also provided an update on its on-going capital repositioning process as well as its financial and operational position.

    Miller Energy believes its assets have value that exceeds its debt and continue to offer significant opportunities for growth. The Company does not intend, under current circumstances, to file for bankruptcy. Accounting convention requires that, under certain circumstances, publicly reporting companies must inform their investors that there may be substantial doubt about their ability to continue as a going concern. Accordingly, and consistent with that convention, under its current circumstances, the Company made such a statement.

    Miller Energy believes these current circumstances will be ameliorated with the successful completion of its capital repositioning process. As part of that process, the Company has received and is considering multiple proposals made by various potential counterparties. On July 10, 2015, Miller Energy signed a non-binding letter of intent with a private financing source for a loan that, if closed, will substantially refinance Miller Energy's existing indebtedness. Additionally, the Company has received and is evaluating several proposals that would complement such a primary refinancing. These include a proposal to purchase certain of the Company's non-core assets in a credit-enhancing transaction, to provide potential infrastructure financing and to make a minority equity investment in the Company.

    Regarding its liquidity and separate from its capital repositioning process, on June 12, 2015, Miller Energy received from the State of Alaska a tax

    Sentiment: Strong Buy

  • LNG Trade Set To Ramp Up
    Bloomberg
    Shale Set to Pummel Another Market as U.S. LNG Plants Arrive
    by Anna ShiryaevskayaIsis Almeida
    4:01 PM PDT
    May 18, 2015

    The U.S. is about to change the global LNG market forever.
    When the first tanker carrying liquefied natural gas from shale fields leaves the Sabine Pass terminal in Louisiana in December, it will turn consumers into traders with more bargaining power. That will transform a market dominated by long-term contracts into one where spot trading gains prominence, similar to crude oil.....

    ...."We see the U.S. as a major contributor to the development of the LNG spot market as the volumes start to ramp up,” Jamie Buckland, head of investor relations at GasLog Ltd. in London, which owns 22 LNG tankers, wrote in an e-mail May 14. “There should be a lot more flexibility and you could see some buyers of U.S. volumes selling product on to others.”

    ....Significant U.S. exports will likely boost prices, currently at about $3 a million British thermal units, Energy Aspects Ltd. said in a report for UniCredit SpA on Tuesday. U.S. gas may converge toward European levels, now at about $7 a million Btu, the analysts said.

    ....LNG trade will exceed $120 billion this year, overtaking iron ore as the second most valuable commodity after oil, Goldman Sachs Group Inc. said in a March report.
    (end excerpts)

  • Bloomberg
    Shale Set to Pummel Another Market as U.S. LNG Plants Arrive
    by Anna ShiryaevskayaIsis Almeida
    4:01 PM PDT
    May 18, 2015

    The U.S. is about to change the global LNG market forever.
    When the first tanker carrying liquefied natural gas from shale fields leaves the Sabine Pass terminal in Louisiana in December, it will turn consumers into traders with more bargaining power. That will transform a market dominated by long-term contracts into one where spot trading gains prominence, similar to crude oil.....

    ...."We see the U.S. as a major contributor to the development of the LNG spot market as the volumes start to ramp up,” Jamie Buckland, head of investor relations at GasLog Ltd. in London, which owns 22 LNG tankers, wrote in an e-mail May 14. “There should be a lot more flexibility and you could see some buyers of U.S. volumes selling product on to others.”

    ....Significant U.S. exports will likely boost prices, currently at about $3 a million British thermal units, Energy Aspects Ltd. said in a report for UniCredit SpA on Tuesday. U.S. gas may converge toward European levels, now at about $7 a million Btu, the analysts said.

    ....LNG trade will exceed $120 billion this year, overtaking iron ore as the second most valuable commodity after oil, Goldman Sachs Group Inc. said in a March report.
    (end excerpts)

  • Reply to

    Distribution is a goner.

    by goskiing99 Mar 10, 2015 3:33 PM
    joeevani joeevani Mar 11, 2015 12:28 PM Flag

    Linn Energy Charts A New Course For Growth
    By Investopedia | March 10, 2015 AAA |

    Linn Energy has been really reliant on the public markets to fund its growth since the company went public in 2006. In a little less than a decade, the company used those markets to issue debt and equity to cover the more than $15 billion in acquisitions it has completed. This turned the company from a small E&P to one of the largest independent oil and gas companies in the country.

    ....Linn Energy announced earlier this year that it was pursuing an agreement with GSO Capital Partners that would provide it with a five-year, $500 million funding commitment. The company calls this venture DrillCo, and it will enable it to develop new wells without spending its own money. It's an agreement with a lot of potential.

    Under the proposed terms of the agreement, Linn Energy would initially get a 15% working interest in the wells it drills by simply contributing the drilling inventory. Then, once GSO Capital has earned 115% of its initial investment, Linn Energy's working interest in the wells flips to 95%.

    ....The key, however, is that Linn could take advantage of compelling acquisition opportunities without staying within the limits of the capital markets, which are known to be rather unpredictable. Instead, Linn will be relying on private capital investors, who tend to be a bit more predictable and longer-term-focused, which is a much better fit for the company's long-term-focused business model.....

    Sentiment: Strong Buy

  • Reply to

    LNCO in Review.

    by bigbear.2010 Dec 19, 2014 9:45 AM
    joeevani joeevani Dec 22, 2014 1:33 PM Flag

    Thank you, BigBear, for your helpful assessment of Linn Energy. Some folks are making money now (and paying higher taxes on their rapid-fire trading), and some folks will be making money later (and realizing more of it)....all parties riding on the whims of the oil and gas market.

    Happy holidays and best wishes to all....

  • ANCHORAGE, Alaska, Dec. 4, 2014 /PRNewswire/ -- General Communication, Inc. ("GCI") (NASDAQ: GNCMA) today announced that Searchlight Capital Partners ("Searchlight") will be making a $75 million investment in General Communication, Inc. The form of the investment will be an unsecured note, with attached share appreciation rights. In conjunction with the investment, Eric Zinterhofer, co-founder and partner in Searchlight, will be invited to join the GCI board of directors.

  • Saudis to push OPEC to cut output: CNBC
    11/26/14

    Saudi Arabia will this week push the Organization of Petroleum Exporting Countries (OPEC) to cut production by up to 1.5 million barrels a day to help re-balance the market and lift oil prices from their four-year lows, analysts and strategists told CNBC.
    Nineteen out of 30 market professionals contacted by CNBC say OPEC's leading member Saudi Arabia will spearhead an agreement to cut supply at its November 27 meeting.
    "Only a 1.5 million barrel-a-day reduction would help stabilize the price at this stage," Ole Sloth Hansen, head of commodity strategy at Saxo Bank, told CNBC….

  • Reply to

    news

    by kidonthebeach May 13, 2014 8:43 AM
    joeevani joeevani May 14, 2014 12:41 PM Flag

    Thanks, kotb…The news does sound favorable.

    The Wall Street Journal
    May 13, 2014, 7:28 a.m. ET
    Sprott Resource Corp. Announces Confidential Submission of Draft Registration Statement for Initial Public Offering by Independence Contract Drilling, Inc…..
    (end excerpt)

    Do you know the time frame that is typical for this kind of review by the SEC?

    Best wishes...

  • Reply to

    Anybody Home?

    by haschultz1 Dec 11, 2013 6:43 AM
    joeevani joeevani Jan 16, 2014 12:43 PM Flag

    Yes, the company is clearly poised to take advantage of increased demand. It may be a bumpy ride going forward, but it's likely that patience will be rewarded in the next year or so. Best wishes to you, nitwitboy1 (and haschultz).

  • Reply to

    Anybody Home?

    by haschultz1 Dec 11, 2013 6:43 AM
    joeevani joeevani Jan 14, 2014 12:33 PM Flag

    Hello, haschultz1 and nitwitboy1...I established a NHYDY position during the 2008 debacle and added shares
    since then. The stock has not performed well, but I'm holding.

  • Reply to

    Up 15.37% so far today

    by rick.nagra Jan 8, 2014 3:42 PM
    joeevani joeevani Jan 8, 2014 3:57 PM Flag

    The Street
    BY Philip van Doorn | 01/08/14 - 01:39 PM EST

    NEW YORK (TheStreet) -- Shares of Fannie Mae (FNMA_) and Freddie Mac (FMCC_) rose considerably on Wednesday, after comments at a Financial Services Round Table meeting indicated a willingness in Congress to consider the interests of private investors when winding down the two government sponsored enterprises (GSEs).

  • Reply to

    this is BS

    by wall.street13 Dec 18, 2013 12:14 PM
    joeevani joeevani Dec 18, 2013 6:58 PM Flag

    Thank you, thegreatone561, for making the kind of point that is eerily rare on this board. Some posters seem to suggest that LINE should rise at the snap of a finger after the merger, and if it doesn't, then the stock is immediately noted as an unsound investment. That said, I wonder how many posters on this board are actually investors.

  • joeevani by joeevani Dec 16, 2013 5:02 PM Flag

    December 16, 2013

    ....Natural gas production will grow steadily, jumping 56% from 2012 to 2040, according to an early release of an annual report by DOE's Energy Information Administration.

    "Advanced technologies for crude oil and natural gas production are continuing to increase domestic supply and reshape the U.S. energy economy as well as expand the potential for U.S. natural gas exports," Adam Sieminski, EIA Administrator, said in releasing the Annual Energy Outlook 2014.

  • joeevani by joeevani Dec 5, 2013 3:47 PM Flag

    The preferred shares are a better bet than the common shares.
    GMXPQ

  • Special and common dividends equal $2.90/share...record date 12/31/13.

  • Reply to

    LNG Exports

    by joeevani Nov 26, 2013 5:10 PM
    joeevani joeevani Nov 29, 2013 5:21 PM Flag

    "There aren't any exports..."

    U.S. Liquefied Natural Gas Exports
    By Gwynne Taraska | November 5, 2013

    U.S. LNG exports: Current state and new directions

    In 2012, the United States was a net importer of natural gas. It imported a total of 3,135 Bcf and exported a total of 1,619 Bcf.....

    The landscape of LNG exports is changing. Given the shale gas expansion in the lower 48 states and given that some of the largest markets for LNG are currently non-FTA regions such as Japan and Europe, U.S. energy companies and non-FTA countries are seeking long-term contracts for considerable volumes. Cheniere Energy, for example, which is the company behind the LNG terminal under construction at Sabine Pass, has signed 20-year contracts with companies such as Spain’s Gas Natural Fenosa, the United Kingdom’s Centrica, and India’s GAIL Limited.

    Again, DOE has approved more than 6.37 Bcf per day, or 2,325 Bcf per year, in exports to non-FTA countries, and the United States is expected to be a net exporter by 2020.

  • joeevani by joeevani Nov 26, 2013 5:10 PM Flag

    Now that CHKR has declined notably, I'm adding shares, in part because of the ongoing increases in natgas exports. Excerpt:

    Reuters
    U.S. approves additional natgas exports from Freeport LNG

    Fri Nov 15, 2013 6:12pm EST

    Nov 15 (Reuters) - The U.S. Department of Energy said on Friday it conditionally approved more exports of liquefied natural gas from Freeport LNG in Texas, a move that could lead to increased shipments of the fuel in coming years.

    The approval is the fifth by the U.S. government since 2011 to countries with which it does not have a free trade agreement.