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Arch Coal Inc. Message Board

legalbark 126 posts  |  Last Activity: 2 hours 33 minutes ago Member since: Jan 4, 2004
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  • Reply to

    $538 Million lost in 40 mins

    by nastysasky 17 hours ago
    legalbark legalbark 2 hours 33 minutes ago Flag

    Port- You're absolutely correct. I wouldn't worry too much about the individual product liability cases. I would assume TRN's insurance carrier is handling them and will resolve them within the insurance coverage. GLTA

  • Reply to

    $538 Million lost in 40 mins

    by nastysasky 17 hours ago
    legalbark legalbark 17 hours ago Flag

    It is interesting. Still, one has to consider any actual payment is years away and probably will be part of a settlement after all the post trial motions and appeals are decided. Also, any payment is probably tax deductible so Uncle Sam will still be bearing part of any payment ever made.This is not the end of the world for TRN unless the verdict in some way affects their qualifications for bidding for new jobs. GLTA

  • It appears to me that the 5 day EMA is piercing up through the 20 day EMA. If this is true, this normally is followed by a continued increase of the pps of a point or so. GLTA

    Sentiment: Buy

  • Reply to

    Short term targets

    by lordofdoggtown Oct 16, 2014 11:03 AM
    legalbark legalbark Oct 19, 2014 7:02 PM Flag

    Lord- Don't the Bollimger Bands essentially track the stock price? Meaning that even if LINE stays below $25, eventually the lower Bollinger Band will move down and LINE's price will be back inside the bands even if the stock stays mired at $25. If this is true, looking for the Bollinger Bands to give you a technical reversal seems to be more a question of "when" rather than "if". GLTA

  • Reply to

    Friday AH

    by legalbark Oct 19, 2014 11:08 AM
    legalbark legalbark Oct 19, 2014 5:16 PM Flag

    Thank you. Let's see what happens tomorrow.

    Sentiment: Buy

  • Reply to

    Friday AH

    by legalbark Oct 19, 2014 11:08 AM
    legalbark legalbark Oct 19, 2014 4:11 PM Flag

    Thanks. Was that pattern true of BBG and SN as well?

    Sentiment: Buy

  • legalbark by legalbark Oct 19, 2014 11:08 AM Flag

    I noticed a 4% pop in BBEP AH on Friday. I thought it was either a stupid market order in the AH session or a late print. In reading Barron's this weekend it looks like the pop was real with good volume for the AH market and Bill Barnett and Sanchez Energy had similar pops. It will be interesting to see what Monday brings. GLTA

    Sentiment: Buy

  • Reply to

    Rare Gem

    by triloron Oct 7, 2014 11:38 AM
    legalbark legalbark Oct 18, 2014 10:47 PM Flag

    I cannot quarrel with your logic based on past performance. Still, some C corporations go further and announce a dividend objective of a certain percentage of earnings. AI has not done this and are under no legal requirement to do so. I would feel more comfortable if they did. GLTA

    Sentiment: Buy

  • Reply to

    If you buy now

    by zd_bar Oct 17, 2014 8:47 AM
    legalbark legalbark Oct 18, 2014 12:43 PM Flag

    My friend, if your secret to using leverage making profits without using margin is to buy OTM calls, good luck. This is a fruitless endeavor since the premium you pay for the option decays rapidly and costs more than margin interest. Also, the timing of the market is so unpredictable that calls leave you with a loss at the time most people should be buying. Common stocks on margin let you ride the ups and downs without the timing losses of OTM calls. GLTA

  • Reply to

    If you buy now

    by zd_bar Oct 17, 2014 8:47 AM
    legalbark legalbark Oct 17, 2014 5:58 PM Flag

    Well my friend, what's the secret to leveraging the market with no possibility of loss? I've done extremely well using a margin account so I'm all ears to hear your magic solution. Thanks

  • BBEP really lucked out. It appears it moved 14 million shares of common units at $18.64 each and placed a ton of new senior debt. This was right before the oit market collapsed. I would assume that either the banks insisted BBEP pay down their credit lines or they have a lot of cash to deploy. All that new cheap cash is why I think BBEP is in pretty good shape to get through the current downdraft. Still, I'd love to know what they did with all the new cash. GLTA

    Sentiment: Buy

  • Reply to

    High cost of equity capital

    by supor450 Oct 14, 2014 6:14 PM
    legalbark legalbark Oct 14, 2014 9:05 PM Flag

    Well, if they're sold, my assumption is the banks have a first lien against the proceeds. I have never studied the Linn loan documents, but many years of experience suggests to me that Linn is totally tied up with bank restrictions on its use of cash or proceeds from the sale of assets. GLTA

  • legalbark legalbark Oct 14, 2014 8:50 PM Flag

    Z- AH looks good for tomorrow. Never can tell but I'm buying BBEP at $14 or below. GLTA

    Sentiment: Buy

  • Reply to

    High cost of equity capital

    by supor450 Oct 14, 2014 6:14 PM
    legalbark legalbark Oct 14, 2014 6:35 PM Flag

    Linn can't even think of buying back units. Linn is in over its head in debt and needs to get that under control before the banks would even consider letting Linn give its cash back to unit holders in the form of buy backs. Remember the banks control everything Linn does. They have first liens on all Linn's assets and a million negative covenants. The banks will get their money first. GLTA

  • Reply to

    Tomorrow

    by schieboutz Oct 14, 2014 3:37 PM
    legalbark legalbark Oct 14, 2014 5:46 PM Flag

    I don't want to sound like our former President, George Bush, but "Bring it on". Buying BBEP at $14 I think should work out over the long haul. While Saudi Arabia seems to be able to call the shots on oil pricing at the moment, there are many other very powerful forces involved in the oil market that have leverage points of their own and we may soon see them come into play. GLTA

  • legalbark legalbark Oct 14, 2014 5:01 PM Flag

    Leticia- Why do do make such a ridiculous statement. The new offering went out at $18.64. A 25% discount from that is $13.98. Today lots of BBEP changed hands at an even lower price. I bot 5000 at $14. Missed the bottom but still happy with the entry point. Check the prices today. No long noses here. Just lucky timing in a very jumpy market. GLTA

    Sentiment: Buy

  • Reply to

    email investor relations

    by roadtoad255 Oct 13, 2014 4:13 PM
    legalbark legalbark Oct 13, 2014 6:57 PM Flag

    Tell Investor Relations they should immediately call the King of Saudi Arabia and order him to stop his oil traders from selling crude oil in the world markets in the $80's. I'm sure he'll listen to Linn' Investor Relations Department and all our problems will be over. I plan to send such an email. I'm confident it will bring the LINE pps back over $30. GLTA

  • legalbark legalbark Oct 13, 2014 5:43 PM Flag

    I did sell at $31+ based on the Market Edge recommendation to AVOID about a month ago. I would not re-enter any oil stock until someone tells me what Saudi Arabia is going to do. By making it clear to the world that they are not supporting $90 oil any longer, they have set off a firestorm in the energy sector. This isn't just a Linn issue. Iit's the support price on which price models for stocks are based but more importantly it impacts the value of the acreage all these companies own and the collateral value for their bank loans. If these acreage values are reduced because the future cash flow is projected at a much lower number and the banks ask all these highly leveraged companies to reduce their bank loans, watch out. Why Saudi Arabia is doing what it is doing presently, I don't have a clue. It could be political, economic or some combination of both. What is clear from the events of the last two weeks, is that in global oil markets Saudi Arabia is the "market maker". Everyone in the industry is affected. Tell me when Saudi Arabia is prepared to go back to the "good old days" of $90+ oil, and I'll consider going back in. GLTA

  • Reply to

    World awash in oil/NG...

    by rbgambler99 Sep 25, 2014 1:48 PM
    legalbark legalbark Oct 12, 2014 12:52 PM Flag

    I fotunately avoided the recent down trend. Sold my LINE at $31+. Market Edge, a technical service available to Schwab customers, a month ago sent out AVOID recommendations on all these MLPs that have been killed. GLTA

  • Reply to

    13.0 Million New Shares!!

    by fredrickson01 Sep 3, 2014 5:06 PM
    legalbark legalbark Oct 12, 2014 12:41 PM Flag

    Fred- You're far more on the target than many of our fellow posters. Despite all the naysayers, your dilution target was about $.20 too optimistic. About as close as any human could get. We don't have Watson or Ken Jennings with us. It could get worse depending how serious Saudi Arabia is about driving the market price of oil down to punish some common enemies. Still all the upstream MLPs are beginning to look interesting again. GLTA

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