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ARMOUR Residential REIT, Inc. Message Board

quaketim 36 posts  |  Last Activity: Jun 23, 2016 11:29 AM Member since: Apr 21, 2010
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  • quaketim quaketim Jun 23, 2016 11:29 AM Flag

    Nice work! Thanks.

  • Reply to

    We are now due for another dilution 8K

    by johnfowler88 Jun 22, 2016 1:42 PM
    quaketim quaketim Jun 23, 2016 9:53 AM Flag

    The last (3rd) dilution 8K was filed on June 8, 2016 for 22,033,453 shares. Where did you get the 26 million shares?

  • Reply to

    We are now due for another dilution 8K

    by johnfowler88 Jun 22, 2016 1:42 PM
    quaketim quaketim Jun 23, 2016 9:34 AM Flag

    I did not see this " another dilution 8K". What are you smoking?

  • Reply to

    Valuation

    by netsternetster Jun 13, 2016 10:15 AM
    quaketim quaketim Jun 13, 2016 11:15 AM Flag

    Also from an article of a long-time PWE bear today:
    The good news is the valuation this assumes. The total assets sold represent approximately 20% of Penn West’s production. These assets went for $1.1 billion. Thus, simple math dictates the rest of Penn West is worth $4.4 billion.

    Right before the deal was announced, Penn West had a market cap of $563 million. Add on the company’s $1.8 billion in debt and you have an enterprise value of approximately $2.4 billion. That’s still a long way from a total company value of $5.5 billion.

    And remember, these asset values are at the bottom of a devastating two-year bear cycle in energy. When crude returns to normal, these assets could be worth even more. If not, why would Penn West be having success selling them today?

  • Reply to

    Valuation

    by netsternetster Jun 13, 2016 10:15 AM
    quaketim quaketim Jun 13, 2016 11:07 AM Flag

    How do you know they have only 42,000 boe/day? You need to look into their proven and unproven reserves. That is the real value of the company.

  • Senior Notes holder exchange for $5.173/share; Preferred and 2nd Lien holders exchange for $8.421/share.

    Rex Energy Corporation (Nasdaq:REXX) announced that it has closed two privately negotiated exchange transactions with certain holders of the company's securities, including the 8.875% Senior Notes due 2020 ("2020 Notes"), the 6.250% Senior Notes due 2022 ("2022 Notes"), the Series A 6.00% Convertible Perpetual Preferred Stock ("Preferred Stock"), and the 1.00%/8.00% Senior Secured Second Lien Notes due 2020 (the "Second Lien Notes"), in which those holders agreed to exchange their existing securities for shares of the company's common stock.

    2020 Notes and 2022 Notes

    Rex Energy executed a privately negotiated exchange pursuant to which the holder exchanged $26.9 million in aggregate principal amount of the 2020 Notes and 2022 Notes and waive all accrued and unpaid interest for approximately 5.2 million shares of common stock. With this transaction, the company's interest savings in 2016 and 2017 will be $1.8 million and $2.1 million, respectively. Total interest expense savings from the exchange will be approximately $11.6 million.

    Preferred Stock and Second Lien Notes

    The company executed a second privately negotiated exchange with a different holder pursuant to which the holder agreed to exchange $13.8 million in face value of the Preferred Stock and waive all accrued and unpaid dividends, and to exchange $2.2 million in aggregate principal amount of the Second Lien Notes and waive all accrued and unpaid interest, for an combined total of approximately 1.9 million shares of common stock. With this transaction, the company will save approximately $0.8 million in dividend payments per year.

  • Reply to

    Question for mirskitchen and marketdatabull:

    by orthodoc88 Jun 7, 2016 10:23 AM
    quaketim quaketim Jun 8, 2016 12:04 PM Flag

    Even they do not bother to negotiate and just file the Ch 11, we still have a share price of US$2.0. Look at UPL.

  • Reply to

    Question for mirskitchen and marketdatabull:

    by orthodoc88 Jun 7, 2016 10:23 AM
    quaketim quaketim Jun 7, 2016 11:25 AM Flag

    Don't think they need the deal now.

  • Senior Notes holder exchange for $5.173/share; Preferred and 2nd Lien holders exchange for $8.421/share.

    Rex Energy Corporation (Nasdaq:REXX) announced that it has closed two privately negotiated exchange transactions with certain holders of the company's securities, including the 8.875% Senior Notes due 2020 ("2020 Notes"), the 6.250% Senior Notes due 2022 ("2022 Notes"), the Series A 6.00% Convertible Perpetual Preferred Stock ("Preferred Stock"), and the 1.00%/8.00% Senior Secured Second Lien Notes due 2020 (the "Second Lien Notes"), in which those holders agreed to exchange their existing securities for shares of the company's common stock.

    2020 Notes and 2022 Notes

    Rex Energy executed a privately negotiated exchange pursuant to which the holder exchanged $26.9 million in aggregate principal amount of the 2020 Notes and 2022 Notes and waive all accrued and unpaid interest for approximately 5.2 million shares of common stock. With this transaction, the company's interest savings in 2016 and 2017 will be $1.8 million and $2.1 million, respectively. Total interest expense savings from the exchange will be approximately $11.6 million.

    Preferred Stock and Second Lien Notes

    The company executed a second privately negotiated exchange with a different holder pursuant to which the holder agreed to exchange $13.8 million in face value of the Preferred Stock and waive all accrued and unpaid dividends, and to exchange $2.2 million in aggregate principal amount of the Second Lien Notes and waive all accrued and unpaid interest, for an combined total of approximately 1.9 million shares of common stock. With this transaction, the company will save approximately $0.8 million in dividend payments per year.

  • quaketim by quaketim May 26, 2016 10:51 AM Flag

    One day people will realize this: Senior Notes holder exchange for $5.173/share; Preferred and 2nd Lien holders exchange for $8.421/share.

    Rex Energy Corporation (Nasdaq:REXX) announced that it has closed two privately negotiated exchange transactions with certain holders of the company's securities, including the 8.875% Senior Notes due 2020 ("2020 Notes"), the 6.250% Senior Notes due 2022 ("2022 Notes"), the Series A 6.00% Convertible Perpetual Preferred Stock ("Preferred Stock"), and the 1.00%/8.00% Senior Secured Second Lien Notes due 2020 (the "Second Lien Notes"), in which those holders agreed to exchange their existing securities for shares of the company's common stock.

    2020 Notes and 2022 Notes

    Rex Energy executed a privately negotiated exchange pursuant to which the holder exchanged $26.9 million in aggregate principal amount of the 2020 Notes and 2022 Notes and waive all accrued and unpaid interest for approximately 5.2 million shares of common stock. With this transaction, the company's interest savings in 2016 and 2017 will be $1.8 million and $2.1 million, respectively. Total interest expense savings from the exchange will be approximately $11.6 million.

    Preferred Stock and Second Lien Notes

    The company executed a second privately negotiated exchange with a different holder pursuant to which the holder agreed to exchange $13.8 million in face value of the Preferred Stock and waive all accrued and unpaid dividends, and to exchange $2.2 million in aggregate principal amount of the Second Lien Notes and waive all accrued and unpaid interest, for an combined total of approximately 1.9 million shares of common stock. With this transaction, the company will save approximately $0.8 million in dividend payments per year.

  • quaketim quaketim May 23, 2016 2:45 PM Flag

    I meant: Preferred and 2nd Lien Notes holders exchange for $8.421/share.

  • Rex Energy Corporation (Nasdaq:REXX) announced that it has closed two privately negotiated exchange transactions with certain holders of the company's securities, including the 8.875% Senior Notes due 2020 ("2020 Notes"), the 6.250% Senior Notes due 2022 ("2022 Notes"), the Series A 6.00% Convertible Perpetual Preferred Stock ("Preferred Stock"), and the 1.00%/8.00% Senior Secured Second Lien Notes due 2020 (the "Second Lien Notes"), in which those holders agreed to exchange their existing securities for shares of the company's common stock.

    2020 Notes and 2022 Notes

    Rex Energy executed a privately negotiated exchange pursuant to which the holder exchanged $26.9 million in aggregate principal amount of the 2020 Notes and 2022 Notes and waive all accrued and unpaid interest for approximately 5.2 million shares of common stock. With this transaction, the company's interest savings in 2016 and 2017 will be $1.8 million and $2.1 million, respectively. Total interest expense savings from the exchange will be approximately $11.6 million.

    Preferred Stock and Second Lien Notes

    The company executed a second privately negotiated exchange with a different holder pursuant to which the holder agreed to exchange $13.8 million in face value of the Preferred Stock and waive all accrued and unpaid dividends, and to exchange $2.2 million in aggregate principal amount of the Second Lien Notes and waive all accrued and unpaid interest, for an combined total of approximately 1.9 million shares of common stock. With this transaction, the company will save approximately $0.8 million in dividend payments per year.

  • Reply to

    A Penn West Covenant Breach Seems Unlikely

    by gboyb1boy May 18, 2016 8:34 AM
    quaketim quaketim May 18, 2016 9:24 AM Flag

    Does that mean the PWE MGT is collaborating with big money to skew us mom&dad investors?

  • Reply to

    Cheap Shares - PWE will survive!

    by marketdatabull May 16, 2016 10:54 AM
    quaketim quaketim May 16, 2016 11:37 AM Flag

    I concur with you but you really think the total asset of PWE is only worth US$2B? Even it is, we still have ~$500M for equaty holders, which is more than the current market cap. I just can not believe PWE is worth a third of the much smaller PGH.

  • Reply to

    Anyone listens to the CC?

    by quaketim May 10, 2016 11:00 AM
    quaketim quaketim May 10, 2016 11:17 AM Flag

    Thanks!

  • Reply to

    level II shows buying in the mid .70's

    by divin4tacos May 10, 2016 10:59 AM
    quaketim quaketim May 10, 2016 11:06 AM Flag

    They do not even need to pay interest until October 2017. Where your BK BS comes from?

  • quaketim quaketim May 10, 2016 11:01 AM Flag

    What do you expect - they are a typical canadian company - slow but will not go away.

  • Please share - thanks.

  • Can you believe this BS? I hope the REXX MGT learn from this lesson: don't dilute the shares again!!!

ARR
19.62+0.42(+2.19%)Jun 29 4:02 PMEDT