Actually held up OK and moved a little higher after the report. Build was 52 BCF, slightly lower than expected. Cooler weather moving back into the Midwest. Maybe the corner has been turned finally for NG.
"Highlights" from the quarterly report........
Equity now NEGATIVE $324 million (negative $7.29 per share) vs $794 million (positive $18) on 12-31-14.
Q 3 Cash flow of $5.1 million, down 66% from Q 2 of this year. Was $75 mil in last year's Q 3, when the book value was a highly touted $24 per share.
Quarterly interest expense was $19,438,000.............hard to overcome that.
Debt is $1,179,000,000..........about 43 X the market cap of ~$27 million.
Kel...............a former holder, now just an observer
Sweet! At price of 10.25, the annual yield is 20%. Div has AVERAGED 13.15 cents per month for the last 12 months. That equates to a 15.4% annual yield. I love this stock.
Kel..............holding SLVO since Feb. 2015...
And don't forget what time of the year is approaching.........tax loss selling. Plenty of candidates this year in the energy patch.
Bought a little at $4.97. Was looking at it when it was 5.30. Played some Microsoft Scrabble for awhile, ate some lunch, and noticed it had fallen further.
EPS report out today and it just went x-div. All the short term, downside catalysts might be out of the way.
Warm here in WI, almost 70 for highs Wed. - Thursday. Big drop back to average highs (about 55 F) returning on Friday.
Kel in Green Bay.
Has used over $2 billion of the $$ that they got from SWN.
Realized natgas prices of $1.14 per MCF.
More impairments, at least they're non-cash.
Troubling stuff that jumps out at me.
Good 4th quarter likely, not so much the 3rd. I do want to buy some HL, but will wait until after the EPS release and see what the forecast is for Q 4. Silver appears to have bottomed and the 50 day average of SLV is now rising.
Latest fiscal year the US govt paid out $402 billion in interest. Looks like about 2.17% average of all maturities, figuring about $18.5 TRILLION of debt. This is actually less than the $405 billion of interest paid out in 2006, albeit then at a substantially higher interest rate.
Now, just imagine if the average rate being paid was 4.5% rather than the current 2.17%. The annual interest would explode upward by about $430 billion (to $830 billion), more than double. And the 4% rate area is what the FED is targeting for the 2018 time frame.
Obama will sneak out the door just in time to avoid shouldering the blame for the approaching fiasco. Will he apologize to your children and grandkids? No. Our generation will be blamed, but we all know where the true blame lies.
Spent about an hour looking BXLT over. I like what I see. Reasonable valuation. In @ 34.07.
Kel................also holding CELG, GILD, AMGN, and KERX