uuhhhh ohhh ... just stepped in veraldo's FUD ...
my bad -:)
head in sand? when headlines, data, press releases and company filings ... all down the line in the southern regions oil patchs are all confirming the layoffs and halted spend?
ummmm?? 'lacking' what? please add detail to your jab....
still spreading muck, veraldo? you just can't stop....
at $25 oil - we will see a lot more crisis activity than just mill's stock price. like, huge unemployment jumps in all the southern energy states. not to mention a sudden halt in the whole u.s. economic recovery, probably back to recession.
yeah .... thats the ticket to get your way with mill .... veraldo.
please pardon if this sounds like cheerleading. just want to point out that 'management' in SAN - ARE the Owners also. Even more-so - they are legacy and generational family. do you Really think the want to 'screw' the other investors? generational owners tend to have reputation considerations far beyond quarter / quarter results.
perhaps you can expand on that a little? 'playing bankruptcy' by buying a big chunk of common equity?
as i understand it .... and through experience ... its the common equity that gets wiped out first in bankruptcy.
so ... why would oaktree flush money?
Perhaps look at San relative to other big Euro-banks. Like DB or BCS among others. all have slid, most more than San. Given the slow recovery in EU plus added Basel III pressures, is it any wonder? I do not blame the new CEO at all. In fact, given this bank is run by a generational family, I imagine this is probably more upsetting to her than most other shareholders. And, decisions were probably made under fairly heavy duress.
That seems quite a jump - from funds being hit on last day of tax selling to - pimco not knowing what they are doing? are the two statements Really related?
other posters have proposed that gross has been selling his holdings. this makes more sense.
will see more clarity during 1st quarter 2015.
Happy New Year!
Pretty much same here. Energy went over a cliff, taking Prefs and BDCs along for the slide. One consolation - if there is one? - Have been able to increase overall portfolios yields between +180 - 350 BP in last 4 months. As long as divs maintain this will be quite lucrative in long run.
Happy New Year to All!!!
a couple of considerations:
1) half the ukraine would rather be back with russia. rather than reading american media, go talk to some ukrainians who live in the west and east sides.
2) what scandinavian countries? not sure that russian really would like to, nor has the bandwidth to invade more.
3) what 'weak' leadership? and ...
4) war with us? like nukes?
are you serious?????
i did not know that 'stating a fact' ended with a question mark.
probably missed that part of grammar class .....
still .... curious what your point of being here is?
whispering ... getting a little arrogance on??
yes ... slide has been due to some mismanagement, bad calls, a few bad drillings, shareholder grabs. much good also including progress, new deals, expanded footprints.
slide has also been massively affected by energy dive globally, political chaos, traditional energy factions fighting to maintain control and power. it has affected everyone. including your faves like cpe and others as well.
i know that you do not like the new ceo. he came in just before the storm arrived. and .. has been mostly steady in bringing this company back to normalcy and sustainable growth. it has not even been a year yet.
mostly now it is meta-market hammering.
watch what happens when that eventually subsides. that will be the real test of effectiveness....
starting a war with whom?
yes, I agree that global situation may be anxious. what kinds of actions are possible?
2 months ago it was the saudis upset with american frackers. a month ago russia was added. now, the saudis are in turf war with frackers, russia and iran. and ... opec is included as if only the saudis are opec?
while i agree that this is a great game ... played on a global field. what i am curious about is the continued ability of a little sand kingdom - alone! - to absolutely control global energy pricing. and - sustain that control against countries and entities with high cost/budget demands that need to be 'addressed'? and ... not only the aforementioned, other opec nations are not particularly pleased with this saudi control either. perhaps even to the point that opec becomes powerless? so ......
how long can the saudis play the market maker in this game? who supports them? yes, i know about their cost to produce and sovereign wealth reserves. not about that. about global power?
I use the options platform provided by my broker and track certain issues. If you do not have an options functionality from your brokers site, then I suggest going directly to CBOE. From there, you can enter the underlying - common stock - symbol and link to the options area. in that area it is possible to view all current options activity, call & puts for all months and strikes. It will provide bid & ask, open interest and volume on the day tha you search. I am not sure about bringing up historical data,.
hope this helps ....
noticed significant volume in jan 2016 leap calls today with price up almost 17%. almost 1000 contracts. that is 100000 shares. not shabby.
it makes so much sense that china and any other growing economy would keep silent on the oil price and 'back up the truck' so to speak. what an opportunity for them!
so .... if vlcc rates are climbing, why are shippers stocks suffering along with energy? they should be making money like crazy?
You are getting a lot of negs. wonder why? just providing some useful info?
think the shorts are out in force lately??
bjfc is mostly right. however, a couple of omissions:
- lgcy would need to completely suspend its common dividend to even touch the prefs.
- hedges could well defer a complete suspension for half a year or more, providing time for market corrections.
- prefs are cumulative. if they suspend, they must pay all back divs before re-commencing common divs.
- market views prefs as debt. if they suspend it immediately affects their future borrowing capacity and cost of money.
given the action today on the common and prefs, it appears to me that the market is expecting some kind of pref offering or other debt, rather than common. yet, at the current pps' of prefs, that would really not be in mill's best interests i believe.
jmho, of course....
panick is typically thoughtful. not a basher or pumper. his insights are useful, even if as most everyone else, not always 100% right. still, he has more integrity than many on the yahoo boards. his openly admitted angle is his stock-letter. so?