All the wells are now drilled as of 11-30-14. The subordination period ends on 1-1-16. They said that production is now expected to decline quarter-to-quarter as all possible wells have been drilled. Enjoy the nice divs for this 1/4 and the next one ending Feb. 28th (paid in May). Hedges will be gone soon and dists will start sliding and really tumble starting 1 year from now, unless OIL stages a strong recovery.
Kel.........sometimes trader, not in right now.
Back into AREX @ 6.37. Sold a few days ago @ 6.77. Also grabbed some MEMP @ 16.85.
Sold MCC, lost a few cents in 2 days. No positive action.
Bottoming process. I think recent action in oil stocks is positive as they've seemed to have bottomed. WTI-oil still in the bottoming process. Cut backs in CAPEX along with some shutins at $ losing wells will take their toll eventually.
Also, there could always be some type of political / military blowup in the Middle East. Would likely send oil soaring up several $$ in one day, if something happened.
Just my opinion..........Kel (also holding MEMP, LNCO, SWN, and COP)
Sold a few days ago @ 6.77. Just got back in at $6.37. AREX is solid and will be a survivor. They know how to maneuver is this type of situation. Read the update from mid December if you have any doubts.
Member since yesterday?????????????????????
Have Mom bring your lunch down to your basement dungeon.
BNS, RY, BMO, TD.....all the big banks there look cheap. Near 52 week lows, nice yields, decent growth projections, and low PE Ratios. Possible victims of Oil / Natgas woes and the beat up Canadian $$.
Not the real me. Replaced the '1' in 1952 with a capital 'i'. Who is such a loser to even have the time to do this kind of thing.
Not really me. Notice that someone put a capital "i" in the place of the "1" in 1952. Didn't look at their "date of birth" for the ID. I've been around for 10+ years.
The real Keltus1952
Look forward, not laterally. If you wait for CAPEX and production to flatten, you'll be late for all the party. Easy $$ will have been made already.
Most small cap drillers up today. WTI forming a bottom and the "market" is sorting things out.
Slick......I use thew charts @ CME Group. Minutes, hours, days, etc. Designed for commodities traders. Worth a look. Delayed 10 minutes as a non member.
Upper Michigan never shuts down. They just pop open another beer and laugh about places like NY and Boston. Yoopers are tough. Just ask WImusky.
Kel in GB
Don't know whether or not they'll maintain that .37 quarterly. Even if they drop to .30 the yield will be 13%+. And it's trading at a 28% discount to its 9-30-14 NAV.
Long term debt........................$1,079,000,000
Asset retire. Obligations.......$67,000,000
Stack that up against current market cap of about $95 million. Liabilities of 16 X their market cap. I'd be VERY careful with the amount of your portfolio you sink into SFY..........Very careful.
Value of Texas
+ value of LA (if any)
-$1 billion+ of debt