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Comcast Corporation Message Board

mad7411 4 posts  |  Last Activity: Feb 3, 2015 5:14 PM Member since: Apr 24, 2002
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  • Reply to

    Bankers capex

    by crabsully Jan 30, 2015 11:54 AM
    mad7411 mad7411 Feb 3, 2015 5:14 PM Flag

    LOL...how did I know you'd be the first to post on that (share repurchase)!? I, too, find it interesting. For cryin' out loud...would it have killed them to announce the details of the repurchase approved?! Guess we'll have to wait for Q1 call.

    It does seem to me, though, that there must be enough board confidence that the financials are strong enough that they could even approve a share repurchase ('course, "approving" a share repurchase and actually purchasing are two different things...we'll see). I'm also curious how Albania, at +/-1000 boepd, is going to cover "operating and overhead expenses".

    I know this...some more days of 3%+ spikes in Brent price wouldn't be hateful.

    Sentiment: Strong Buy

  • mad7411 by mad7411 Dec 22, 2014 12:33 AM Flag

    my suspicion is the recent pop in the stock is due to the terms of the convertible rather than obtaining a permit to acidize a well in bulgaria.

    permit was all but a given; projected to happen in jan, but instead took place in dec. no biggie there.

    the convertible announcement, on the other hand, contains a couple of interesting points, namely:

    even at the high end of the debt offering, max shares will not total more than 19.9% of outstanding.
    NMMIII and entities intend to participate "at least" at the level of their proportionate ownership today, which i believe is around 30-35%. that's a pretty strong statement and will probably mean an additional $15-20M investment on the part of NMMIII and affiliates (assuming high end of offering). in other words, shares are going into strong hands.

    of course, the devil's always in the detail...it'll be interesting to see what the discount is (i suspect not big, based on $55M not converting to more than 19.9% of OS), what the trigger is, etc...

    Sentiment: Strong Buy

  • Reply to

    Silent support for TAT

    by transoil2323 Dec 12, 2014 2:30 PM
    mad7411 mad7411 Dec 12, 2014 2:51 PM Flag

    share your hope that management is stepping in...how NMMIII and leadership could pass up on fire-sale prices would be beyond me.

    i notice that another E&P company that i follow, TAG Oil, just announced a buyback of nearly 10% of its shares. much smaller than TAT. they have a strong balance sheet and are growing production in the highly prospective taranaki basin in NZ. $0 debt. heck, they are sitting on cash that is nearly half their share price and selling for

    Sentiment: Strong Buy

  • Reply to

    And now for something completely different.

    by transoil2323 Dec 4, 2014 4:38 PM
    mad7411 mad7411 Dec 5, 2014 12:26 AM Flag

    it seems like we've been over this before...
    stock options are only a "benefit" if the stock rises in price
    it seems to me that the large holders of stream shares...basically the handful of management that controlled a large number of shares...are not going anywhere. the reason they agreed to be acquired in the first place is the potential for the new company to exploit the assets they had, resulting - in theory at least - in share price appreciation. i have to believe that their horizon is more than a few weeks (the time since they've been acquired).

    Sentiment: Strong Buy

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