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L & L Energy, Inc. Message Board

maryannem1960 5 posts  |  Last Activity: Dec 10, 2014 9:33 PM Member since: Dec 19, 2013
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  • Reply to

    Hooptydoopty agrees with BareButtBob

    by barebuttbob2014 Dec 10, 2014 8:38 AM
    maryannem1960 maryannem1960 Dec 10, 2014 9:33 PM Flag

    I appreciate your help. You help drive down the cost of the stock. Thanks. I have waited a long time to buy. For those paying attention, there has been no ill findings against L&L as a company. In fact they had a highly respected lawyer, of which I assume there are few, comment that it's a real company.

    Keep up your antics. I have been picking up shares at pennies. I intend to pick up more. And more. And more. And later when L&L is cleared and comes out of their closet, different than your closet, I will have done quite well.

    In the interim, enjoy receiving your bukkake and false claims. I will continue to skim. And in a year or two we will see who made the better decisions.

  • Reply to

    I should know this, but .....

    by jackmaster20 Dec 8, 2014 3:22 PM
    maryannem1960 maryannem1960 Dec 8, 2014 4:44 PM Flag

    OK, I'll comment on this per your invitation. Crack spread is not relatively the same. It's gotten crushed. Margins are the lowest I remember seeing in 3 or 4 years, bouncing in the $10 to $11 range against Brent crude, with only a $3 margin favorable to WTI crude.

    There are 3 or 4 simple models available to calculate crack spread, I suggest you spend a half hour and research them, Bloomberg has an energy summary on their web page(s) that will allow you to run calculations for the simplest 1 or 2 models without having to go elsewhere.

  • Reply to

    Had to buy more today below $69

    by newelectricfan Dec 8, 2014 2:44 PM
    maryannem1960 maryannem1960 Dec 8, 2014 4:35 PM Flag

    I recommend you educate yourself on how to calculate refinery margins and then to visit bloomberg's energy summary page. Six weeks ago refinery margins were $15 / bbl against Brent crude ($5 / bbl differential higher for WTI crude), but today I calculate it at $10.35 / bbl with a $2.90 Brent - WTI differential. If we understand it costs about $8 / Bbl for a refinery to run a barrel of crude, this means a refinery is netting $2.35 to $5.35 per barrel whereas they were earning $ 7.00 to $12 / bbl just six weeks ago. If we go back 6 months, the comparison gets even wider.

    The workhorse part of P66, it's refining part of the business, will post earnings of a fraction of what it did a year ago or 3 months ago if margins remain as they are. Your comment on 9 P/E is a trailing measurement, and contains an error not reflected by current market conditions.

    Sentiment: Hold

  • Reply to

    In all Seriousness, Get out of this Stock

    by a_dart_and_a_map Nov 19, 2014 6:08 AM
    maryannem1960 maryannem1960 Nov 19, 2014 10:52 AM Flag

    I took your advice, I bailed after I thought about your comments. I may actually go short on this one. When I review the company profile, one of their claims to fame is handling of workers compensation for other companies. It seems an obvious and critical oversight that if they are or claim to be experts on the topic that they have grossly underestimated their obligations to fund these funds for themselves. It occurs to me they deliberately shorted their workers comp allocations so that they could instead post profits; when they go back and correct this situation via filings and accounting corrections, it seems to me I could no longer understand what to believe. Doesn't make me feel good about a long position.

  • Reply to

    5 insiders buying at market value

    by davidshedivy Nov 7, 2014 6:35 AM
    maryannem1960 maryannem1960 Nov 8, 2014 5:40 AM Flag

    Wow, what an insightful view of the situation. If I were an executive I would pour a few hundred thousand of my own money to help pump a smoke screen. That's how people get rich, they buy thousands of shares of stock that go down in value. You lose money on every share, but you make it up on the volume.

LLEN
0.0656-0.0024(-3.53%)Dec 17 3:42 PMEST

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