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FirstEnergy Corp. Message Board

lyngotting 7 posts  |  Last Activity: Jan 16, 2015 2:29 AM Member since: Oct 29, 1999
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  • Someone who wants to break it up.

  • "Institutional investors also warned of a sharp pullback in US shale investment in coming months. However, this could lead to a rebound in oil prices.

    “If oil prices remain at current levels, this will reduce all growth out of America shale production by end 2015, driving prices up. That is why Opec has done this. There’s a very immediate reaction for North American ‘tight’ oil,” said Charles Whall, portfolio manager for the global energy fund at Investec Asset Management.

    In the longer term, because the oil majors were already cutting back exploration spending on conventional projects, it was likely that the global supply-demand balance would reverse by 2017, turning from glut to shortfall, said Mr Whall.

    While crude could trade at around $75 in the first quarter of 2015, it could recover by the end of 2015, regaining the $100 a barrel level.

    Mr Fedun said Lukoil forecast that the US would be producing about 4m to 4.5m barrels of unconventional oil per day in coming years, well below the 8m-10m barrels some had predicted.

    “Looking in a historical perspective, the US will remain a net importer of oil,” he added. “So we can forecast that in roughly two years, the market will stabilise, and the price will return to $110 or higher.”

  • Significant hedging positions in the fourth quarter 2014 through to the end of 2016 offer protection against lower commodity prices and will help insure cash flow certainty.

    77 percent or 23,000 bbl/d of fourth quarter 2014 oil is hedged at Cdn$94.51 per bbl
    59 percent or 119 MMcf/d of fourth quarter 2014 natural gas is hedged at Cdn$3.81 per Mcf
    63 percent or 26,000 bbl/d of 2015 oil is hedged at Cdn$93.99 per bbl
    47 percent or 84 MMcf/d of 2015 natural gas is hedged at Cdn$3.85 per Mcf

  • that revenues increased from last year's September quarter, that cash, cash equivalents and invested assets increased, and book value per share increased (30.54 from 29.55.). Additionally, the increase to claim reserves of $531 million and an after-tax earnings charge of $345 million as well as the annual goodwill results and records noncash charge of $517 million are a one-time affair. There is no reason that GNW can not begin again to see profitable quarters in the future with new products and adjusted rates (47 states have approved these rate adjustments). Finally, the Global Mortgage Insurance Division had net operating income of $85 million .

    A division of the company into two parts would probably be a good idea to regain shareholder value. Then each management team could concentrate on its specialized goals. This is what the CEO should propose to restore the confidence of shareholders.

  • Insiders have been buying all this years and own over 5 million shares. Arcp owns real properties generating real cash flow. Accountants are always revising the statements of very complicated companies. Has anyone misstated their tax liability due to ambiguous rules and been charged extra and penalized by the IRS? Did it lead to your bankruptcy and the end of life as you know it. Today's action is nothing be a feast for the shorts, the lawyers, and the panic mongers.

  • Even with the overstatement, the company appears to have generated over 800 million in revenues and still has a positive cash flow.

FE
41.35+0.12(+0.29%)Jan 26 4:05 PMEST

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