I liked him too. Was looking back to see when I first invested in CHK.........it was 1997 around the $10.00 area.
The FED will crank up interest rates in pursuit of their 3.5% target for 2018. Ten years from now Obama will be bragging about how he kept the deficit under control. He's had it as good with low rates as any President in at least 40 years.
Can you imagine the shape our deficit would be in if long term rates were about 400 basis points higher? Just add $700-800 billion to our annual deficit.......that would be a really ugly situation, wouldn't it?
Just part of a long term cycle in retailing. Remember when K-Mart (SS Kresge before that) and Sears were well located stores? Now, those old locations are gradually falling away as those locations are now poor. Same thing happening to WalMart.
I'm actually hesitant to go to the WalMart here in Green Bay after dark. Am 63 years old and am a fairly big guy (6' 1".....205 lbs.) but I don't want to tangle with young punks or pan handlers.
Found at Fidelity a filing on Feb. 5th. Not listed under SEC filings at CGIX on Yahoo....
Frigate Ventures LP holding 1,508,300 shares (4.99% of class).....form SC 13G/A......several names listed that must be the individuals involved.
Went out and got my mail.....and made 30 cents per share. Good, but not great volume. Interesting, that's for sure.
Fidelity says EPS report on March 10, pre-open, but says "unconfirmed."
Q 4 estimates....Revenue of $7.0 million.....range $6.5 - 7.0 million.......2 estimates
......................loss of 46 cents.....range d.40 - d.52
Full year 2016........revenue $36.67 million.....range $35 - 40 million.....3 estimates.
....................forgot to note.....I think it was loss of $1.27
One year price targets.........average of $9.67......range $6.00 - 15.00..
They are created. New shares. Kind of like when the Federal Reserve "expands" the money supply by printing more $$.
That would be the advantage of someone like Exxon acquiring the Fayetteville assets as Facts pointed out. With that type of purchase, XOM wouldn't have to pick up any of the debt.
If you haven't read the Feb 25 press release titled....."Southwestern Energy highlights strategic initiatives and plans for 2016."........from PR Newswire. Very good read. They don't specifically mention a stock offering in either a "do or not do" sense. Not off the table I'd guess. Some good info there regardless.
Certainly could happen. I bought MRO yesterday @ 7.70. It went on my radar as soon as the secondary was announced Monday after the close. I had already done DD on their balance sheet, cash flow levels, etc.
SWN not in terrible shape and neither were MRO or DVN. All of these much better than things like CHK and the ones even far worse off than CHK. Would just hope they wouldn't sell shares near the lows like the others have done. Notice that MRO and DVN have quickly returned to pre offering levels.
Also wonder if SWN might be on XOM's
"watch" list. Sounds like they might be looking for opportunistic acquisitions this year (today's press release). I'm sure XOM would rather deal with a large buy than mess with several piece meal purchases.
Kel.................holding SWN and MRO
Forecast 5 F for Green Bay tonight. But, I see NG down a few cents at CME Group.
Kel........holding UGAZ, SWN, and MRO (in Tuesday @ 7.70)
Bought some MRO (Marathon Oil) this morning @ 7.70. Have traded it before. Announced an offering yesterday that will add over $1 billion+ to their cash position. They should be a survivor. Worth some DD anyway.
I never come right out and say BUY something just because I like it. I prefer to state why I bought it and encourage others to do their own DD and add to everyone's knowledge.