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American Capital Agency Corp. Message Board

legalbark 44 posts  |  Last Activity: Jun 23, 2015 8:29 PM Member since: Jan 4, 2004
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  • Reply to

    My predection!!

    by wm.thompson42 May 29, 2015 2:09 PM
    legalbark legalbark Jun 23, 2015 8:29 PM Flag

    Is that your son or daughter or someone else's that you want to send to the Mid East to take control of all the fightiing between the thousands of religious and milita groups now going at one another? You don't project pwoer without troops. The question is who's family wants to lose more family members in this mess. GLTA

  • Reply to

    No one giving their shares away anymore

    by legalbark Jun 23, 2015 11:57 AM
    legalbark legalbark Jun 23, 2015 12:20 PM Flag

    Market Maker is offering $9.55 now and no one is selling at that price. GLTA

  • You watch the price action on the stock, and you see strong bids, going up slowly, and an increasingly smaller number of sellers willing to sell their stock at the bid price. I think LGCY is on its way back up. GLTA

    Sentiment: Buy

  • Reply to

    Line

    by garrh Jun 12, 2015 11:17 AM
    legalbark legalbark Jun 20, 2015 7:33 PM Flag

    You have to be delusional. LINE does not have cash from either Drillco or Acquisco. These are simply press releaases that if LINE can come up with an appropriate offering of assets,the two equity funds may invest up to the announced amount. To suggest that this is money sitting in LINE's bank account waiting to be invested is ludicrous. To date, despite all the publicity, no deals have come forward. Let's see if LINE is actually able to make an offering to the private equity firms that they think is economically attractive. GLTA

  • legalbark by legalbark Jun 19, 2015 12:31 PM Flag

    Watching LINE closely and it looks like they plan to wipe out all the value in the 10 strike puts and calls today. Hopefully, next week will be better as the same people will want to sell July puts and calls. GLTA

    Sentiment: Buy

  • legalbark by legalbark Jun 17, 2015 3:38 PM Flag

    A lot a acquistion forms filed with the SEC by insiders today. They're probably compensation units but if you look at the accumulated number of shares the insiders own, they're clearly aligned with the unitholders. GLTA

    Sentiment: Buy

  • Reply to

    In Barron's

    by bobbobwhite Jun 15, 2015 3:30 PM
    legalbark legalbark Jun 16, 2015 12:28 PM Flag

    Mr. Brown. Are we still fading fast? GLTA

    Sentiment: Buy

  • Reply to

    In Barron's

    by bobbobwhite Jun 15, 2015 3:30 PM
    legalbark legalbark Jun 16, 2015 11:45 AM Flag

    Oh, come on. Why such negativism. It had a tremendous run to $9.13 yesterday. Almost 5%. It's got to give a little of that back before going higher. We're now at $9.06. Off $.07 . I don't call that "fading fast". I call that normal pull back after an exciting advance. GLTA

    Sentiment: Buy

  • Reply to

    Alerian MLP Index

    by legalbark Jun 12, 2015 9:13 AM
    legalbark legalbark Jun 15, 2015 10:50 AM Flag

    I don't get the Wunderlich reports. After you read it, would appreciate it if you would share the content. I saw they put a target of $14 a share and believe the LGCY is going to add more hedges for 2016 production and that this will increase the coverage of the distribution. Sounds pretty good. GLTA

    Sentiment: Buy

  • Reply to

    Alerian MLP Index

    by legalbark Jun 12, 2015 9:13 AM
    legalbark legalbark Jun 14, 2015 7:12 PM Flag

    Well, I for one don't know. I'm not wired into the Alerian Group. I've noticed, however, that indexes like to keep rising. Like the DOW or SPX, when a component starts to drag behind, they get rid of it. Maybe it is a sign that the particualr component is a bad stock. Still, I think it has to do more with stock action than fundamentals. We'll see. GLTA

    Sentiment: Buy

  • legalbark by legalbark Jun 12, 2015 9:13 AM Flag

    LGCY just got removed from the Alerian MLP Index. That could explain all the heavy selling the last several weeks. It has nothing to do with LGCY's fundamentals. It's all about an index getting rid of a substantial position to readjust its portfolio. GLTA

  • Reply to

    Buying Opportunity

    by legalbark Jun 11, 2015 5:06 PM
    legalbark legalbark Jun 11, 2015 5:22 PM Flag

    I keep talking to myself. Sorry. Still, Wunderlich came out today with a $15 target price. They're concerned as all of us with the GS ATM offering. Still, there is some real value here in the assets. GLTA

    Sentiment: Buy

  • Reply to

    Buying Opportunity

    by legalbark Jun 11, 2015 5:06 PM
    legalbark legalbark Jun 11, 2015 5:09 PM Flag

    Sorry. I meant $8.47. I sometimes let my typing get ahead of my brain. Also the calls would be $9 strike price. GLTA

    Sentiment: Buy

  • legalbark by legalbark Jun 11, 2015 5:06 PM Flag

    Just bot 1000 shares at $9.47. Tomorrow, if we have a little bounce, I'll sell 10 July 10 calls for $500 less commissions. Just keep selling the next series of calls and you'll have a very nice investment platform with limited downside. GLTA

    Sentiment: Buy

  • Reply to

    Mgt is boxed in

    by lbrecken Jun 9, 2015 11:33 AM
    legalbark legalbark Jun 9, 2015 11:44 AM Flag

    I wouldn't be so pestimistic. The current stock action feels like a lender selling off pledged shares. Perhaps certain members of management pledged their stock for personal loans. Who knows? What you're seeing is that the market makers know there is an overhang of supply to be sold and therefore the bids just keep going down to get the stock cheaper. Hopefully this will end at some point where the value of the company's assets are recognized. GLTA

    Sentiment: Buy

  • legalbark legalbark Jun 8, 2015 6:06 PM Flag

    What dreaded double bottom are you talking about? Give me prices and dates. Thanks. I personally can't see it in the price charts. GLTA

    Sentiment: Buy

  • First you have a penny stock that tells everyone that they need to reduce their debt to comport with the lower world prices for oil and gas. Presto-Digitoe, the company that knew they had to reduce debt now issues over a billion in new debt. There must be some serious sponsors behind the stock price of this company since they apparently borrowed the money at 8.75% which is very good when you consider all the companies considering "drillco" options where the investor gets 15% return before the company gets any return. I think this is strictly a fronting company for some big investors who will lend money cheaply and reap their rewards from the stock price appreciation. This is too fast a game for me to play. GLTA

  • Reply to

    Short Notes of Event in Florida

    by shivering_gums May 21, 2015 1:27 PM
    legalbark legalbark May 24, 2015 11:12 AM Flag

    Sounds like easy money. I'm sure your broker makes you hold funds in your account to collateralize your naked open put position. How much do you have to keep in your account as collateral for the transaction you described. Thanks. GLTA

    Sentiment: Buy

  • legalbark by legalbark May 22, 2015 3:29 PM Flag

    Someone, maybe the market maker, is manipulating the price of this stock mercilessly. It's thinly traded and thus susceptible to someone running the price up or down with just a little capital. Today we got we over $11 a unit only to be pounded down to $10.75. The pps is now recovering but at the end of the day, who cares? I own 10,000 shares and am pleased with the distribution return and believe it will go back up when commodity prices improve; GLTA

    Sentiment: Buy

  • Just listened to the webcast of today's conference presentation. I thought it was excellent and am happy to have this team investing in the oil and gas market for me. A great tax-advantaged distribution return, a great balance sheet with lots of liquidity and great assets. If I understood the presentation correctly, they're seeing 35-40% investment rates of return on new wells even at current commodity prices. That's fabulous. I also like the fact that management owns 15% or the units so their motives are aligned with unit holders. All and all, I'm comfortable even though the industry is going through a rough transition. GLTA

AGNC
18.62+0.10(+0.54%)Jul 2 4:00 PMEDT