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Tower Group International, L.Ş. Message Board

necm500 5 posts  |  Last Activity: Feb 26, 2015 12:22 PM Member since: Feb 22, 2002
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  • Reply to

    End dividend and under 1.00 she goes

    by cleverlittleme Feb 26, 2015 10:53 AM
    necm500 necm500 Feb 26, 2015 12:22 PM Flag

    Anyone with a working brain is not expecting a hefty divvy from a 2 dollar stock. The temporary elimination of divvy at time of stress can give the company much needed financial flexibility. If the management does away with divvy now with the promise of restoration at the earliest opportunity, the market will react positively. It sure beats selling assets at fire sale prices now.

  • Reply to

    Stock buyback and so many losers

    by brooklyn137 Feb 25, 2015 8:45 AM
    necm500 necm500 Feb 25, 2015 11:08 AM Flag

    PWE is begging lenders to loosen up the covenant terms as we speak, you think lenders can possible agree to spending more money on non-core activities such as stock buyback? Dream on.

  • December 10, 2014
    Sanchez Energy sell-off unjustified, says SunTrust
    SunTrust believes that Sanchez Energy should be able to shield itself from market turmoil, given its strong balance sheet, solid hedge book, and flexibility to adjust its drilling program. The firm views the sell-off in the stock as unjustified but cut its price target on the name to $25 from $30. However, it keeps a Buy rating on the shares.

  • Reply to

    An observation worth discussing

    by s52teve Dec 10, 2014 1:20 PM
    necm500 necm500 Dec 10, 2014 5:28 PM Flag

    "as one of the lowest cost producers ($10 to $15 barrel)"
    This is only the extraction cost, but Saudis can't maintain its various social programs with oil price slightly above the extraction cost. In fact, as of 2011, the break-even oil price required for a balanced budget was around $90. With today's oil price at $60, Saudi government will be clearly running a rather large deficit. This is not a repeat of 1986 when Saudis could fiscally get by with oil in the teens. If the government has to resort to cutting back on social programs that the populace has grown fond of, popular discontent may well ensue. If anything, the house of saud owes much of its relative stability in a highly volatile region to keeping the population contented. Don't know how happy the average Saudi Arabians will be if they have to sacrifice financially to support the government in a prolonged price war with US oil producers.

  • I'll scoop up SN in the $2-3 range, even that would still be a huge gamble.