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OncoSec Medical Incorporated Message Board

mystocks24 118 posts  |  Last Activity: Nov 26, 2015 4:51 PM Member since: Jan 18, 2012
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  • If basically calls him trash

  • You ended up been very honest nd true to yourself
    While kem60 jealousy is killing herself

  • Bk will be official soon

  • Just. For the record dumped half of my drys
    Rest is ready to go if sp sinks 0.20
    Someone please explain this to Kem

  • By posting real info abouth thief GE nd kem

  • In the past year, investors have lost $20 billion in publicly traded drilling partnerships, or $8 of every $10 they had invested, according to a report prepared by FactSet for The Associated Press. That figure does not include losses from $37 billion of bonds sold by the partnerships in the five years since 2010, many down by half in last 12 months, or losses from bets on private partnerships that don't trade publicly and are difficult to track.

  • "He showed me this picture of the United States, and said they were getting oil out of shale, and energy was the way to go," says Robinson, a high school teacher from Cranfills Gap, Texas. She liked that Parks seemed so confident. "I trusted him."
    Read MoreOil collapse gives US colleges a test on backpedaling donors
    Two years later, her partnerships have plunged in value and Robinson has lost more than half of the $202,000 she invested, according to a complaint filed with regulators against Parks and his firm, Ameriprise Financial Services. Parks did not return phone calls and emails; Ameriprise declined to comment.
    For years, brokers have been luring savers like Robinson into drilling partnerships with the promise of fat payouts. With yields on safer investments like government bonds so puny, it wasn't a hard sell. But now this once hot business, a big source of fees for brokers and banks, is coming to a messy end.
    In the past year, investors have lost $20 billion in publicly traded drilling partnerships, or $8 of every $10 they had invested, according to a report prepared by FactSet for The Associated Press. That figure does not include losses from $37 billion of bonds sold by the partnerships in the five years since 2010, many down by half in last 12 months, or losses from bets on private partnerships that don't trade publicly and are difficult to track.

    US gas price trough continues, down 10.5 cents/gallon
    A plunge in the price of oil that few anticipated explains much of the loss. But many partnerships had borrowed heavily and were running big risks even when oil was twice as high a year ago, suggesting that either investors were too sloppy in their hunt for steady income or brokers too reckless in their hunt for fat fees -- or some ugly combination of both.

    "If you were trying to preserve your capital, oil and gas producers were not for you," says Ethan Bellamy, a financial analyst at R.W. Baird. "They were always higher risk investments."
    The losses on partnerships are piling up as investors are having second thoughts about their headlong rush into other high-yield, high-risk securities, like bonds from volatile emerging markets or from highly indebted U.S. companies, called "junk" because they are so dangerous.
    In the first eight months this year, investors have yanked $4 billion each out of junk funds and emerging-market bond funds, according to the latest figures from Morningstar, a research firm.
    A new way to play oil


    The energy partnerships, formally called master limited partnerships, can avoid some corporate taxes by passing much of what they earn straight to their investors, called partners. These payments explain why the firms used to mostly stick to storing and transporting oil, unsexy businesses that generate a steady stream of cash. Bankers called them "toll booth" businesses, and it was meant as a compliment. With much of the cash going out the door as soon as it came in, you want boring predictability.
    Then the Federal Reserve slashed interest rates to near zero to help revive the economy in the financial crisis, and that helped send yields on conservative investments like U.S. government bonds plunging. Investors scrambled for alternatives to earn a bit more. Partnerships focused on drilling sprung up to meet the demand, dangling yields of 6 percent or more, and Wall Street got busy selling their stocks and bonds.
    In the five years through 2014, energy partnerships of all kinds raised $21 billion in initial stock sales, more than twice what they sold in the five years before the financial crisis, according to financial data provider Dealogic. For help with the sales, banks like Citigroup, Barclays and Wells Fargo pocketed an estimated $1.1 billion in fees, according to Dealogic. Fees from follow-up stock sales, plus bond offerings, added to their haul.
    Death spirals

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    Because they can tap stock and bond markets to raise money, publicly traded partnerships appear to have plenty of financial flexibility. But that's not true in troubled times when investors are scared and money is needed most.
    One of the partnerships in Robinson's account, BreitBurn Energy, has sold stocks and bonds to investors 10 times since 2011. It needed to raise money because nearly half the $1.6 billion it took in from selling oil and gas from its wells since 2011 went to investors.
    Then oil began to fall last year and BreitBurn stock tumbled. It cut its payments to investors in half to conserve cash, but by March this year the stock was still under pressure and it had to strike a deal with an investment firm for a $1 billion infusion in exchange for fat monthly payments. In just 12 months, its stock has plunged 85 percent.
    BreitBurn declined to comment. "It's a little like a death spiral," says Andrew Stoltmann, a lawyer representing Robinson. "When the bad news inevitably hits, they don't have a cash cushion."

    Bells going off

    Chinese company to buy Texas oil fields for $1.3B
    Partnerships that don't trade publicly have dangers of their own. Managers carve out big payments for themselves and for the brokers who raise money for them, a dangerous move for businesses frequently in need cash to secure new wells to replace old ones running out.
    Ron Vaerewyck and his wife, Jeanine, found out about these risks the hard way. While their checks were coming in, the retired couple never suspected any danger in their two private partnerships, run by Reef Oil and Gas Partners in Richardson, Texas.
    Then production at some wells fell short, threatening the stream of income. And the big money going to Reef management and an affiliated brokerage firm, Reef Securities, left little financial cushion. Of the $90,000 they had invested, nearly $14,000 went to those two groups right from the start. The checks got smaller and infrequent, and the Orlando, Florida, couple started to worry.

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    "The bells were going off, and we started questioning things," says Ron, 73, a retired Dow Chemical human resources executive. "Why are your expenses so high?"
    In 2012, the Vaerewycks and seven other investors filed a complaint with regulators accusing the brokerage of not vetting the deals properly and misrepresenting the risks. Last year a panel of arbitrators ordered Reef to pay about the investors $188,000, a little less than half what they invested. The Vaerewycks got $45,000.
    Reef Oil and Gas says that the risks of the deals were clearly disclosed, with the term "risk" itself appearing dozens of times in the offering document.

    The future

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    While partnership losses mount, other investors are hurting, too: those who poured billions of dollars into partnership bonds.
    Fearing they won't get their money back when their drilling bonds mature, investors have been dumping them. A $250 million issue due in six years from Houston partnership Atlas Energy Group, once offering 9.25 percent in annual interest, has dropped 55 percent in 12 months.
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    "When interest rates are zero and junk bonds are paying 9 percent, that is high risk," says David Miller, a Houston lawyer who recently settled eight investor claims involving energy partnerships. "I would expect to see a wave of defaults."
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  • 0.25 is first stop
    Much more to come
    If you don't believe me pull up my previous posts about ORIG

  • Kem60 pumped orig too
    Today orig is under $2

  • That leaves drys worthless

  • Wait a minute without r/s we are almost there lol

  • I want to see posts like this
    Please folks tell us all the negatives so we stay away from this #$%$
    Hopefully some idiot will follow and dump
    Keep it under pressure

  • mystocks24 by mystocks24 Sep 10, 2015 11:07 AM Flag

    Triple zero s are coming

  • Reply to

    huge news just out

    by mystocks24 Oct 1, 2014 2:27 PM
    mystocks24 mystocks24 Sep 20, 2015 6:39 PM Flag

    Kem I hate bumps nd bumpers

  • mystocks24 by mystocks24 Sep 23, 2015 8:53 PM Flag

    mystocks24 • Mar 31, 2015 5:16 PM Remove 0users liked this postsusers disliked this posts0Reply
    truth about GE &DRYS; bumpers lets keep this post on top and bump it every second
    bernankeisadaytradar • 8 hours ago Flag

    0users liked this postsusers disliked this posts0Reply

    ooohh, tankers turn to be profitable, why don't you sell them to yourself GE

    Cardiff needs new shoes. go baby, fleece them suckers and then put them on a greek donar

    Collapse all replies

    jrmills0014 • 2 hours 59 minutes ago

    0users liked this postsusers disliked this posts0Reply

    I suggest you read again.. GE is selling them to himself.. When GE ordered those 12 tankers.. Building cost was like $777M for 12, over like a 3 yr period.. He ordered them for himself(Cardiff).. Rates tanked.. He dumped them on Drys.. I figure with BC, 30% commish to Cardiff and interst on that money.. Drys has well over $1B in those tankers.. He had already took 2 of those tankers...Of which Drys took immediate lose of $100M.. In reality this deal may be as honest as GE has ever been with Drys? But where else could he have come up with cash, which can flow to him? While keeping Drys afloat. In mean time he ends up owning those tanker? And now they are profitable..If it happens? GE is paying Drys about what those tankers are worth.. But he still didn't say how much of that $1.2B debt of Drys would get payed off? If $200M gets paid off.. Drys would still have like $1B debt.. As Orig's revenues, really have nothing to do with Drys... Drys could have about $35M per qtr, in revenues..And would be just as well off, not even leasing those 24 Panamax, at what they are leasing for.. As he has filed with SEC to sell another 1B shrs of Drys.. Who the hell knows.. He has got idiots to buy 670M shrs, Maybe he can sell another bil. shrs? BTW: Read that safe harbor warning! If rates for tankers tank, between now and june and GE can't get those tankers leased at attractive rates.. Both parties could agree to cancell? BTW: GE is ""both parties"" As of right now, GE getting a hell of a deal on those tankers.. Let rates tank? He may decide rather than him investing the money he has made off Drys.. Just send

    bernankeisadaytradar • 2 hours 7 minutes ago Flag

    0users liked this postsusers disliked this posts0Reply

    that's what he did with the four newbuilds in 2009. I wonder if there is cancelation fee involved if GE renages deal with himself. He did that before

    2 Replies to bernankeisadaytradar

    bernankeisadaytradar • 4 hours ago Less

  • mystocks24 by mystocks24 Sep 23, 2015 2:08 PM Flag

    Will have no chance to dump it after earnings

3.28+0.02(+0.61%)Nov 27 12:59 PMEST