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AmeriGas Partners LP Message Board

mac94921 12 posts  |  Last Activity: May 26, 2016 11:16 AM Member since: Dec 31, 1998
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  • Eric Siebert, VP Corporate Strategy, purchased 21,389 shares at $9.51 on Tuesday. It was an open market purchase, not options. Nice to see a good size buy from an employee.

    Sentiment: Strong Buy

  • Yesterday we were down almost $1.50 on 3.3 million shares. Today we are up $1.13 on less than 150,000 shares as I write this. As Harvey said this sets us up on a massive short squeeze. New highs?

    Sentiment: Strong Buy

  • Nice message to come out with. $10 mln is only 10% of the cash they have on hand. Now announce the signing of some of the contracts.

    Sentiment: Strong Buy

  • mac94921 by mac94921 May 24, 2016 1:23 PM Flag

    Do a search of Cannell Capital, not much there. I found it odd that no name was listed of the author, just a "company". Click on the link to Cannell, no website just a link to send them a note. Do a Google search, the same thing happens when you click on what appears to be their website, just a link to send them a note.
    Do a search on "Tipranks", who ranks investment writers. Total return if you followed their advice since 2012 3.6% annualized. It looks like they have somewhere between 1 and 10 employees. Some sites say 2 some say 4.
    In the hit piece they say read the response to the lawsuit. I can not find it anywhere. Not in Court filings with the Northern California District Court, SEC filings ( SEC filings only mention that Barnes filed a lawsuit) or let alone attached to the hit piece which they say it has attached. I did find Court documents where Barnes admitted taking documents from ERII and he agreed to give copies to ERII. He also says he destroyed the documents on his computer and ERII paid for a company to come into his home and verify that. Ok, so he is an admitted #$%$.
    My take is this is nothing. ERII will have a response and one of the brokerage houses will say buy on weakness and then we will have a nice short squeeze. I got my additional stock at $9.10 along with the other purchases I previously mentioned and plan on adding more.

    Sentiment: Strong Buy

  • mac94921 by mac94921 May 24, 2016 11:18 AM Flag

    What a bunch of BS, the lawsuit makes him look like an idiot: " ERI's stock was undervalued...and worth $30 per share" "IsoBoost and IsoGen were mature products" how can something be a mature product without any sales at the time of him negotiating for the job; "That Barnes would be responsible for the development and commercialization of the Vorteq" how is a sales guy going to develop (ie engineer) Vorteq! "ERI's stock was getting ready to take off" well Barnes it did and you are #$%$ because it left you behind. I guess you also did not hear about a depression in the oil and gas markets over the last few years that delayed purchase orders and cause delays. From what I read it looks like Barnes is claiming that these things were said to him, if he does not have them in writing he has sh__...as if Rooney and Gay would put in writing to him that the stock is worth $30 per share.
    I will have to find the response to the lawsuit, the hit piece said it was attached but I did not see it (probably on purpose).

    Sentiment: Strong Buy

  • Reply to

    Hit Piece in SA

    by arxxmuse May 24, 2016 9:15 AM
    mac94921 mac94921 May 24, 2016 10:27 AM Flag

    I have been buying, 10.12, 9.25, 9.18 and a bid at 9.10. The stock has had a restriction on it for a few days due to shorts, supposedly you would need an uptick to short it...as if that would stop them. Also the firm I use list it as "Hard to borrow".
    From reading the article IMHO it looks like old news. I would expect some brokerage firms to come out and recommend it later this morning. Also from the conference call it was mentioned that some big contracts that they were working on should be announced in this time frame.
    I am a believer so I am a buyer.

    Sentiment: Strong Buy

  • Reply to

    Bloomberg article on Schlumberger...

    by mac94921 May 23, 2016 10:33 AM
    mac94921 mac94921 May 23, 2016 10:52 AM Flag

    In the article it is mentioned that SLB bought a company called Cameron for $15 Billion. This is the description of Cameron "Cameron Corporation, CCC) is a Schlumberger company and a global provider of pressure control, processing, flow control and compression systems as well as project management and aftermarket services for the oil and gas and process industries". Sounds like a perfect fit for including ERII. My bet is that SLB buys ERII with in 12 months, after the field test are done and milestones reached. Vorteq is just one piece that would fit very well into SLB. Bare minimum $20 per share, that is less than $1.1 Billion total price.

    Sentiment: Strong Buy

  • "For Oil's Future, See Schlumberger" is the title ( Yahoo does not allow links). You can see how ERII fits into a global Slumberger strategy.

  • mac94921 mac94921 May 7, 2016 12:13 PM Flag

    I think the guys question was in reference to the IsoBoost but Joel went on about desal as you mentioned. In reference to IsoBoost this is what Joel said earlier in the call "we are in the final phases of negotiating the outstanding legal terms of the contract and ultimately the purchase order with the EPC, who, for a number of reasons, we cannot name. But I'd say we're less than two, three weeks outside of securing that contract, and we'll issue a press release in tandem." Therefore over the next 2 to 3 weeks we should have announcements on both desal and IsoBoost.
    Here are a couple other things that jumped out at me: "we remain confident that we will achieve both milestones in 2016." that was in regards to Schlumberger ( an additional 50 Mil revenue for 2016 at 100% gross margin); " we have increased our engineering headcount and are targeting adding an incremental 10 technologies by the yearend." 10 new technologies by year end! Add that with 100% gross margin on the Shlumberger milestone and people sold due to the rev and expense numbers being a little high! Makes no sense to me; "revenue prospects for 2016 in desalination being at least as good as that which we experienced in 2015, which is to say, you know, your revenue last year, $43 million, $44 million, we believe that we can achieve at least that within desalination this year, and of course we have quarterly amortization of the exclusivity fee of around $1.25 million or $5 million for the year" $44 + 5 + 50 and we are darn close to $100 mil in revenue for 2016. Half at 100% gross margin and the rest at around 66%, those are some pretty impressive numbers.
    I think Joel is doing a great job and the licensing business that he is setting up could be a huge cash flow generator for the future. We could see substantial dividends in the future, but more likely somebody is going to buy them out. Speaking of buying, I picked up more on the sell off. Although high, I would not be surprised to see $20 by year end.

    Sentiment: Strong Buy

  • Reply to

    Seriously impressive Q1!!! Well done ERII

    by mobirules May 4, 2016 7:17 PM
    mac94921 mac94921 May 5, 2016 10:25 AM Flag

    Yes the numbers on the surface did not look great compared to what analyst were looking for, but with a growth company like this I would say close enough. More importantly "With respect to the Schlumberger agreement, we have mobilized for the first milestone test and remain confident that both milestones will be achieved in 2016 thereby triggering an incremental $50 million in contract payments." that comment was buried in the press release. IMO that milestone makes up for the miss on the expectations.
    This is why they should have not had an entire trading day between the earnings release and the conference call. Once Joel explains everything the stock will be back up, IMO.

    Sentiment: Strong Buy

  • Just had to say bravo. Great news just keeps on coming. I look forward the first qtr conference call.

    Sentiment: Strong Buy

  • Reply to

    Flint Michigan & water with lead?

    by tnyellowtomcat Mar 10, 2016 11:48 AM
    mac94921 mac94921 Mar 10, 2016 2:08 PM Flag

    As I understand it, the problem in Flint is the old lead pipes going to the house not from the water coming from the river or lakes.

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