Recent

% | $
Quotes you view appear here for quick access.

Linn Co, LLC Message Board

play_tow 62 posts  |  Last Activity: Jun 20, 2016 12:24 PM Member since: Dec 16, 2004
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    New Joint Venture

    by play_tow Jun 20, 2016 10:50 AM
    play_tow play_tow Jun 20, 2016 12:24 PM Flag

    Amazing to see a "dislike" reply on the post, which merely gives a factual statement about new business developments.

    If one has an objection to that business development, if would be more helpful to post a reason for why this might not be good for shareholders of GMLP, rather than just swiping a "thumbs-down".

  • play_tow by play_tow Jun 20, 2016 10:50 AM Flag

    While our initial commitment is $290 million we hope to invest up to $500 million in the coming years".

    Golar comments: "By establishing this downstream entity with a strong financial partner that has extensive experience in the energy business Golar is able to accelerate the realization of its downstream ambitions and exploit the unprecedented number of opportunities in the current market".

    Golar Power's initial asset base will comprise the FSRU currently being constructed at Samsung shipyard, two modern 160,000 cbm trifuel LNG carriers suited for conversion to FSRUs, and the right to invest in up to 25% of the Sergipe Power project. The Sergipe Power project is progressing well and is expected to take FID in the second half of 2016. Golar will also grant Golar Power a one year option to acquire from the Company a further two LNG carriers for conversion to FSRUs. Upon closing, Golar Power will immediately commence conversion of the first LNG carrier to a FSRU.

    Subsequent to the formation of Golar Power and the contribution of the abovementioned assets, the Company has sold a 50% interest in Golar Power to Stonepeak. Stonepeak will acquire its 50% of Golar Power for $117 million in cash, subscribe to $100 million in preference shares on closing of the deal and commit to $75 million in additional equity. This, together with an additional $75 million funding commitment from Golar, in the period before Q1 2018, is expected to be sufficient including debt financing to fully finance the conversion of the two carriers to FSRUs, take delivery of the 2017 new-build FSRU and complete the financing of its share of the Sergipe Power project. Approximately $214 million in ship mortgage debt and $217 million of remaining newbuilding capex on the FSRU is projected to be transferred to Golar Power. The transaction will improve Golar's liquidity position.

    LNG prices are at a significant discount to oil prices and Golar Power sees a range of potential LNG importers who would ben

  • play_tow play_tow Jun 20, 2016 10:42 AM Flag

    Noticed that Zacks has revenue for 2017, and 2018 with a $3/sh earning estimate for 2018.

    Yet, has anyone seen they're likely product pricing?

    And, what are the implications for litigation on full rights to L 1021?

    Yes, shares are down. But the lows were closer to $4 just over +1 yr ago or so.

    There is downside here, don't be too complacent.

  • Reply to

    Solar Power: Stonepeak $500M Investment

    by play_tow Jun 20, 2016 9:53 AM
    play_tow play_tow Jun 20, 2016 10:05 AM Flag

    headline should read:

    GOLAR POWER

  • Reply to

    Why STNG is worth a buy

    by gernert_c Jun 19, 2016 7:42 PM
    play_tow play_tow Jun 20, 2016 10:04 AM Flag

    spot product rates down 30-50% on most routes.

    Vessel NB values declined.

    All near term negative, but longer term is much more positive.

  • Announced today:

    Stonepeak Senior Managing Director, Luke Taylor, commented: "We are excited to partner with the leading player in the LNG downstream market and see compelling opportunities in this market to build and operate long term LNG and power infrastructure with high quality counterparties. While our initial commitment is $290 million we hope to invest up to $500 million in the coming years".

    Golar comments: "By establishing this downstream entity with a strong financial partner that has extensive experience in the energy business Golar is able to accelerate the realization of its downstream ambitions and exploit the unprecedented number of opportunities in the current market"

  • Reply to

    Secondary coming?

    by blsd2016 Jun 15, 2016 11:43 AM
    play_tow play_tow Jun 15, 2016 12:05 PM Flag

    This is an important point. If the litigation casts a cloud over L1021 as a valuable asset at this time, then as others have argued, a partner to launch may not be forthcoming promptly.

    Then, assuming LPCN is determined to launch alone, the costs would indeed be very high.

    They of course have other promising drugs in early to mid-stage trials, and that investment will need to be kept
    going. Those drugs may eventually be viewed more valuable.

    Perhaps there is a rationalization that FDA approval in this case is not the boon (for shareholders...) that it might otherwise be, were there not the litigated issue overhang.

  • play_tow by play_tow Jun 15, 2016 12:00 PM Flag

    I get the reality of share price volatility ahead of a critical FDA ruling, but this volatility in LPCN is almost all to the down side, and now yielding a new 52-wk low.

    Hardly consistent with a notion of greater than a 50% chance of approval, as has been stated by some analysts, etc.

  • play_tow play_tow Jun 14, 2016 4:18 PM Flag

    Its hard from an investor's perspective to place a value (cost) on this litigation issue. We don't really know enough.

    What I find galling is that analyst reports, like Zacks ($24 target), and like Roth Capital ($36 target) don't even mention this matter, or appear to give it any weight in their targets.

    Maybe it is a red-herring, and should be a concern.

    I doubt it, and I suspect the large disparity in current share price vs their predictions owes in no small part to this matter of the litigation.

  • play_tow play_tow Jun 14, 2016 3:47 PM Flag

    thanks...yes.

    This issue seems to place a major cloud over the PDUFA, should FDA accept L1021.

    Even if approved, the litigation aspects will be unresolved for some time, and I don't believe LPCN could move ahead to market their product, until resolution.

    What is your view?

  • play_tow play_tow Jun 14, 2016 2:56 PM Flag

    Perhaps Im misinformed, but is there not some other contention about the rights to L1011, should it become approved?

  • Reply to

    Got stopped out going into earnings

    by zraypotter0032 Jun 2, 2016 1:53 PM
    play_tow play_tow Jun 9, 2016 3:43 PM Flag

    Yes, I agree. A point to add....the market is jut beginning to distinguish the LNG from the oil trade.

    The market is also just beginning to distinguish the LNG shipping from the FSRU vessel sector.

    As that unfolds in the coming 12-18 months, LNG related equities in general, and FSRU focused players especially, will be given stronger valuations than today, imo.

    On the negative near term side is that GLNG, the parent, may need to sell shares in its GMLP stake to address a bond due in mid-2017.

    Also, the runup in GMLP shares in the last few weeks may lead management to explore a secondary, as the dilution effect is now much less (but still not likely accretive...). To your point, that point help insure against another market hiccup....and share price weakening.

  • According to tradewinds...

    sale for 6 modern MR (about 2-2.5 yrs old) at a en bloc total of $170M.

    That is an amazing price (for Ardmore) since these vessels will hit the water in 3-5 months, contract free, at a cost of only $28M/vessel.

    It appears that FRO is pivoting from the smaller tanker trade to the larger, and this sale will allow them to fund their VLCC purchases of late.

  • Reply to

    Huge 33% Dilution

    by flythink222 Jun 8, 2016 7:46 AM
    play_tow play_tow Jun 8, 2016 10:12 AM Flag

    Actually, since they sold 2 older vessels recently, the addition of 6 equates to 27% of fleet.

  • Reply to

    Huge 33% Dilution

    by flythink222 Jun 8, 2016 7:46 AM
    play_tow play_tow Jun 8, 2016 9:53 AM Flag

    It increased its fleet my 25%...that is also huge.

    They indicate the additional vessels will be accretive to earnings.

    They paid about $28-$29M per vessel, whose age is about 2.4 years.

    That is a remarkable price, given that these vessels can earn $7M/yr for rates at $20,000/day---a reasonable rate given the order book record low, and the demand side for shipped refined distillates.

  • play_tow play_tow May 24, 2016 1:12 PM Flag

    just before the price peaks, imho.

  • play_tow play_tow May 24, 2016 12:10 PM Flag

    There is little doubt that LPCN's product, awaiting FDA approval next month, could become a blockbuster drug.

    All the more remarkable is that LPCN would be holding the keys to such a drug (of course, not yet approved...), given its current market cap is less than $200M.

    If (and that should be IF...given FDA unpredictability) approval occurs next month, and ( IF) LPCN can stay independent, produce and market their drug globally, the shares would be valued 10X the current price before 2020, imo.

  • Reply to

    FRO 2nd hand vessel purcase

    by svendhansen1950 May 20, 2016 10:22 AM
    play_tow play_tow May 20, 2016 10:54 AM Flag

    what are you saying? Do you know how many were purchased? Their age? Their construction? Their augmented attributes, include ballast water?

    please clarify what was not to be "believed"

  • Reply to

    INCREASING MY TRADING POSITION (AGAIN).

    by deepsea21 May 18, 2016 10:41 AM
    play_tow play_tow May 18, 2016 5:20 PM Flag

    down 10% from the morning trading high.

    Nonetheless, the prospects for a new 15-charter (still not fully secured), is an incremental positive to which the shares should respond positively down the road.

LNCO
0.11970.0000(0.00%)May 23 4:00 PMEDT