Current div is .21 quarterly.....x9-17.....pays10-3....declared
Had NII of .22.....EPS of .41......many realized gains.
NAV up to 9.79, was 9.59 3 three months ago on March 31.
A much shunned (by me anyway) BDC that looks like it has finally turned things around.
Div is .21 1/4ly
NII of .22.....eps pf .41 with realized gains
****NAV up 20 cents to 9.79 from 3 months ago. Looks like they've finally turned this around.
Bought some today @ 8.86.
Beat average revenue estimates by nearly $4 million. Beat the average EPS estimate of .19 by one cent. GAAP and non-GAAP EPS came in at 20 cents.
Margins about the same.....Revenues up 2-5%. Didn't post an EPS estimate, but I'd guess 21-23 cents.
Nice report. Very cheap stock. Should easily be @ $12 right now.
I'm also a member. You can get alerts on individual stocks that you designate (to your e-mail). I also get 2 e-mails from them every day......one about ETFs, and another about Dividend stocks. Usually several links under each heading. Fewer on the weekends though.
Looks like .632.........X-div 8-12....pays 8-29........Really sloppy press release. First it says the dist will be .632, then notes a smaller amount in the next paragraph. Poor writing by someone.
Anyway, they cited Production less than expected from existing wells, and under performance from new wells. Looks like 100 wells yet to be drilled (as of May 31). They've been drilling roughly 45-60 new wells per quarter, so they might be all drilled by the end of this calendar year.
"Borrowed" from the subordinated units (held by parent SD) to pay the .632 to Common unit holders. When the subordination "turns off" (4 full quarters after the last well is drilled) the distribution will fall a lot, and quickly. Don't think I'd want to be here at that time or even as that time approaches.
Press release is under Yahoo News.
Kel...........an observer, not a holder.
Hedges also come off in around 1 year. Then they'll be at the mercy of market prices. The party is getting long in the tooth. Be ready to move on.
I added shares on Monday approximately right where we are right now, about 5.20. Since that the DJIA has fallen nearly 500 points. I'd call that a pretty good showing in a harrowing market week.
Was here many times before, just not in the last few months. Just bought a few minutes ago. Q 2 was a stunner. Can't believe this price. Probably weak mostly due to crude's drop into the $97.00 area.
My thoughts on the 2nd quarter.........
Production up 24%.........very nice. More to come as the JV kicks in and they raised production guidance.
Cash flow up 24%............this is the parameter (other than the $23.95 book value) that makes this stock a SCREAMING buy. Cash flow was about $2.05 a share for the quarter. Folks, this is an $8.00 per share annual run rate. Stock at 11.00, that's a multiple of cash flow of 1.38 X. I can't even emphasize how low that number is. Most drillers will be in a range of 4 - 10 X cash flow, and the '4' number is pretty low. SFY is trading at about 1/3 of the low end of the range.
Central LA.......props still up for sale but I don't think there's anything in the price for that like there was earlier this year.
Production mix...........natgas 63%.....NGLs 12%.........oil 25%........wish the oil part of the mix was a little bigger.
Good luck all longs..........just my opinions................................Kel
In @ 10.94........they reported a fantastic 2nd 1/4 and raised production guidance for the year. I'll just throw out one number here........SFY is selling at about 1.4 X annualized cash flow. That is an incredibly low ratio.
If interested read my post on the SFY board. Still @ about 54% cash even after a little buying yesterday and today.
I agree this is a foolish strategy and borders on incompetence, if not outright corruption. But why would they (SD, the parent and driller) hurt themselves. After all, they hold the subordinated units and benefit when the income is larger. Unless they save more (than they'd realize) by drilling sub standard wells in less productive locations.
Sounds like SD can't wait to get those 888 wells drilled and get out from under this obligation. Three years from now the income level from PER will be significantly lower than it is now and this stock will likely be well under $10.
Just my opinion.........not a holder.................Kel
ALDI lowered their price of Bran Flakes to $1.79, was $1.99 here in Green Bay. I eat some everyday, a bowl about 3 X the 1 cup normal serving. I'm just a "regular" guy.
I've traded SFY 19 times so far this year. The underlying value does lend some support (and confidence) when I make a less than perfect buy decision. Allows me to feel comfortable holding SFY for multiple days or even a week or more.
Even if I'm 'under water' a little, I have the confidence it will bounce back. SFY has been my 2nd most profitable trading stock this year. AVNR (mid cap biotech) has been my best.
Don't know if you are aware of this. The Helios Family is consolidating their junk bond CEFs into one existing CEF....HHY. So if you still have HMH it will soon be converted to HHY, possibly as early as August 11.
Saw this at the "closed end funds" board over at Investor Village. The news item cited (link given) there was from Marketwatch and wasn't picked up by Yahoo finance.
Also looks like HMH is paying an extra div to clear the books of accumulated UNII (undistributed net investment income).
Eagle Ford production was up 71% year over year for Q 2. EF production was 69% of total production in Q 2. I guess you forgot to mention that.
I also hold FEI. They've raised twice, although the raises were small. Started out at .1083, then .110, now @ .1117. Also pays monthly. Got beat up badly on Friday, its x-div date. Well below NAV. They write calls on up to 35% of their portfolio.
I've had it since early 2013, not long after it came public.