SFY is a typical driller / producer, more NG than oil. Some good Eagle Ford oil / ng, some other Louisiana props not so good. Stock held up good vs WTI for several days, just crumpled the last few days. Is risky, lots of debt (about $1.1 bil vs Cap of less than $100 mil), but debt not due for a few years. Has also cut CAPEX a lot for 2015. In the same mix with SD, HK, MHR, etc......risky...
You would think they'd not buy this property if it wasn't at least somewhat promising. But remember, acres doesn't equal a comparative amount of reserves, not to mention the drilling and lifting costs.
All that being said, SFY is getting tempting again here under $2.00.
Kel......mostly a watcher
Add to my position today @ 10.85. Wonder if some will buy for the March 27 X-date (30 cents) and then 10 cent monthly starts in April with a 4-29 X-date.
My X girlfriend owns 900 SWN at an average of about $35. Didn't buy on my rec, thank the Lord. Complains every day anyway cause I told her winter was here. Duh, we both live in Green Bay and she bought a few months ago. SWN is about 98% natgas.
Busy trading CHK........in Tues. @ 14.10....out today @ 14.32....back in late today @ 13.91....CHK has $4 billion in cash.
Finally got around to it. Still holding CCS (homebuilder) bought @ 17.63, now @ 19.11. My one year target for KEM is $7 - 8.
I remember looking at SWKS a little over a year ago in the $25 area, now around $90. Chip stocks can move in long, sustainable cycles. Also look at MU over the last few years. I had it around $8-10, but sold way to early.
I kind of lost rack of KEM as I had a sibling suddenly pass away (sister, age 64) 2 days after my initial post. Just getting back to normal. Just brushed up on KEM and still like what I see. Checked on the debt that seems to concern many, and I see that it's due 5-1-18 and carries a 10.5% interest rate. A roll over of that to a lower rate would be huge. Perhaps mngt has tried and haven't been able to get it done.
Thanks for your comments.............Kel
J-man.........I tried to write a clear, impartial evaluation of SLVO in my post. It is a complicated security.
With silver down about 30 cents today, SLVO is getting beat up @ 10.75, down 25 cents.
SLVO is an ETN (like an ETF sort of) that holds SLV (silver 1 X ETF) and writes call options month to month forward. SLVO pays a monthly dividend from the profits made on their buy / write program The div varies greatly month to month as silver fluctuates and their gains (or lack thereof) may result in some nice profits or none whatsoever.
In Feb. they paid a div of 24.12 cents and just declared 14.26 cents for March. Can grab a nice yield with SLVO, but must be willing to weather the fluctuations in the price of silver and the ups and downs of their buy / write program. If silver had a sharp upmove, you wouldn't get full participation in the move due to the option writing program.
Still, a rather intriguing holding, at least to me.
Not able to offer new shares above NAV now though. That always helped maintain or push NAV up a little. Will have to do it from smart operating now.
A little addl info.....for FSFR..
NAV on Dec. 31.....12.53
Estimate for March 1/4......30 cents.....range 28-32 cents
.......................June 1/4......30 cents.....range 29-31 cents
Full year ending 9-30-15..........Estimate $1.25.....range....$1.22 - 1.27
Energy related holdings on 12-31-13 = .78% (that's less than 1% folks)
Goes x-div on March 27th .....30 cents......their last quarterly div.
Goes x-div on April 29th.....10 cents.....the start of monthly divs.
Already have my position in place.......................Kel
Like I said......ARZS is in the business of staying in business. Sort of like a Ponzi scheme,just not sure whose pockets all the $$ are ending up in.
Kel..........a very short term holder (in @ .52 on Friday)