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Orion Marine Group, Inc Message Board

rchites 549 posts  |  Last Activity: Jul 2, 2015 1:29 PM Member since: Apr 12, 2004
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  • Reply to

    Now a 3rd Upgrade--Raymond James

    by lbrecken Jun 23, 2015 9:20 AM
    rchites rchites Jun 29, 2015 8:49 AM Flag

    That's in JUNE!!!!!!!!!!!!!!!!!!! VNR buys its self to upgrades.

  • Reply to

    So lets get this straight

    by lbrecken Jun 4, 2015 2:40 PM
    rchites rchites Jun 29, 2015 8:48 AM Flag

    VNR is one of the plays to put your dow money as GREEK worries make the markets tumble.

  • Reply to

    So lets get this straight

    by lbrecken Jun 4, 2015 2:40 PM
    rchites rchites Jun 29, 2015 8:47 AM Flag

    in other words -bigger is better, its buying itself better, better liquidity, better financing for more.

  • Reply to

    So lets get this straight

    by lbrecken Jun 4, 2015 2:40 PM
    rchites rchites Jun 29, 2015 8:46 AM Flag

    **,Vanguard has 70% and 81% of its respective oil and gas production hedged. AND, Of the portion of production comprised of crude oil for next year, 70% is hedged to an average floor price of $91.95 per barrel.

    Vanguard is focusing its remaining 2014 capital expenditure budget very heavily on gas, with 63% of its fourth-quarter budgeting targeting the gas rich Green River basin and only 18% of funds going to the oil rich Permian Basin.

    Less exposure to oil than either Linn Energy or Breitburn, I think Vanguard's distribution cut may be more along the lines of a 33% to 40% cut. This would bring Vanguard's 2015 yield to a still generous 11.3% to 12.5% on today's price. Also the PPS should have fared better.

    The stocks have been destroyed and down 80% by manipulations and doubt about oil in the Long term. The short term is secured and over sold by any measure. The biggest risk to buying these MLPs (LINE,BBEP,VNR) today are that oil prices could remain weak for several years and natural gas prices might also continue falling. This is highly unlikely as nobody makes money and the companies are setting rigs aside. With oil prices in a freefall, it was thought that M&A activity would get a boost with stronger companies lining up to buy weaker rivals. When Halliburton Co. HAL decided to go for Baker Hughes Inc. BHI and Repsol S.A. REPYY agreed to purchase Canada's Talisman Energy Inc., it was thought that these were just the start of big energy deals amid the slump in commodity prices. More buy out offers expected like Pioneer or Anadarko .
    Proved reserves: 2.5 trillion cubic feet equivalent- for EROC KEY ASSUMPTIONS - WTI oil prices trending to a long-term price of $75/bbl in 2017;
    --Proven reserve growth averaging, new technologies and cheaper extraction- future developments that could lead to positive growth . **** increased size, scale, and diversification in plays (acquiring) , as well as continued solid upstream operational performance

    Once combined with LRR Energy and Eagle Rock Energy Partners, the new Vanguard Natural Resources will boast more than 2.5 trillion cubic feet equivalent proved reserves.

    POWER with size- the combined reserves are eight times larger than Eagle Rock's proved reserves as a stand-alone entity. That's size and scale that Eagle Rock might never have achieved on its own. Size enables Eagle Rock Energy Partners' investors to own a much larger entity than an independent Eagle Rock likely would have been able to attain for years.

    Hydrocarbon basins: 10
    Currently, Eagle Rock has a fairly concentrated position in the Mid-Continent region and along the Gulf Coast as it produces from four main hydrocarbon basins. However, by merging with the much larger Vanguard, it will expand its geographic diversity to span 10 hydrocarbon producing basins. That's geographic expansion that Eagle Rock could have attained on its own, but not with the scale it will have as part of Vanguard Natural Resources.

    One of the reasons Vanguard Natural Resources wanted to acquire Eagle Rock was because of Eagle Rock's low leverage. Vanguard's net debt-to-EBITDA ratio was 3.5 times last year, which is well above Eagle Rock's ratio, as it stood at just 1.2 times.

    That leverage is also clear when looking at the net debt-to-capitalization of the trio. Eagle Rock's ratio was just 27% last year, which was well below Vanguard and LLR Energy, which stood at 57% and 61%,

    Eagle Rock's much stronger credit metrics are a plus for VNR and the economies of size will help EROC develop and become much bigger stronger player. VNR has become much stronger and helped its financial situation through acquisitions. They had planned on using its access to credit to grow via acquisitions, which, in a sense, is what the company has done, just to a much greater degree than investors . This latest down turn could be very rewarding in the future.

    These MLPs share the attributes of solid liquidity, a runway (2015 and 2016) for improvement, and aggressive action. In summary, we expect to remain selective in 2015, but believe some upstream MLPs currently represent good value.


    Experts are calling for higher gas and oil and best way for long-term investors to position themselves to profit from crude's eventual recovery is to stick with large, well-managed MLPs like Breitburn Energy Partners, Vanguard Natural Resources, Linn Energy, and its non-MLP alternative, LinnCo. All four are well protected by sizable hedging,

    The market is overlooking the hedges. People should buy the panic and blood. Our properties are located in the Permian Basin in West Texas and New Mexico, the Big Horn Basin in Wyoming and Montana, the Arkoma Basin in Arkansas and Oklahoma, the Williston Basin in North Dakota and Montana, Mississippi, and South Texas. Holdings from North Dakota to Texas. Since our initial public offering in October of 2007, we have increased distributions more than 48% and completed 23 strategic acquisitions which increased our reserves by over 3,393% Active management team that is well aligned with unitholders High quality, long lived reserves Asset base which generates stable cash flow Multi-year hedge program which mitigates commodity risk Geographic and commodity diversity Structure is unitholder friendly (no IDRs) Attractive distribution yield Track record of profitable growth which allows for distribution increases

  • Reply to

    MLPs down big today

    by loblolly7 Jun 26, 2015 1:42 PM
    rchites rchites Jun 28, 2015 8:43 AM Flag

    I am tossing a coin on where war will break out first. These stocks will fly.

    Sentiment: Strong Buy

  • Reply to

    Free Markets?

    by lbrecken Jun 20, 2015 8:45 AM
    rchites rchites Jun 28, 2015 7:50 AM Flag

    COVER !!!!!!! just a thought. History will repeat itself and the 10% return and people can wait 3 or 4 years for a guaranteed double in these better MLPs. America is gearing up for war. This and others will double over night.

  • Memorial Production Partners (MEMP),
    Vanguard Natural Resources (VNR)
    LRR Energy (LRE). Its merger with VNR is still pending and its trading at a 6% discount, so it’s is another way to play Buy-rated VNR, says Dobson.
    Legacy Reserves (LGCY). He notes this one is more risky.

    Dobson writes:

    These MLPs share the attributes of solid liquidity, a runway (2015 and 2016) for improvement, and aggressive action. In summary, we expect to remain selective in 2015, but believe some upstream MLPs currently represent good value.

  • Obamacare is here to stay, President Barack Obama said. The country should move forward, he said, especially Republican foes who have fought the Patient Protection and Affordable Care Act at every turn, in the Capitol and the courts. “This is not an abstract thing any more, this is not a set of political talking points -- this is reality,” Obama said in the White House Rose Garden,

  • Reply to

    Trump surging in the polls

    by woodstocklives Jun 25, 2015 6:57 PM
    rchites rchites Jun 26, 2015 5:51 PM Flag

    make or break and get rich using other peoples money (taxes).

  • Reply to

    Gary @ DUG conference

    by petefbreaux Jun 25, 2015 3:44 PM
    rchites rchites Jun 25, 2015 6:03 PM Flag

    I could use a miracle and get some losses back. It looks like a plan.

  • Reply to

    Gary, Gary, Gary

    by wazoo_wazoo_wazoo Jun 25, 2015 1:13 PM
    rchites rchites Jun 25, 2015 5:59 PM Flag

    Spilt milk it looks like. It's the industry not the company. To bad you can not see the restructure and opertunity to get in at the bottom. One man's loss is another's gain on the markets. It time to gain from others loss.

  • This has to be the real thing.... He is only down three 20% days and finally wakes up.....

  • Reply to

    Massive Power Move taking place.

    by chip_jamerson Jun 23, 2015 3:25 PM
    rchites rchites Jun 25, 2015 9:56 AM Flag

    I feel better now knowing he missed three 20% days. Now he claims he played it right. After beating him for all those BK post we should now address him as board clown. At least he is smart enough to be long now.

  • Reply to

    HAVE A GREAT DAY DWTARD

    by robbyroyce30 Jun 25, 2015 7:09 AM
    rchites rchites Jun 25, 2015 9:50 AM Flag

    Click on his name as he was calling for BK and down 35% from the bottom the 23 rd....we are all on board tight now

  • Reply to

    Bonuses Given

    by jms54 Jun 22, 2015 10:53 PM
    rchites rchites Jun 25, 2015 9:45 AM Flag

    Delusional ,,, as the stock is blasting off ..the best part is you are backing management with you new long position. Next week you will be telling the board its guys like yourself who change CEOs minds....how does it feels to steer the company in the right direction and buy at the bottom for a major run.

  • rchites rchites Jun 25, 2015 9:41 AM Flag

    Solutions fraud will say you are long soon..... Get it .......welcome to the long side as the 23rd you were 35% from the bottom....ay least now you will most likely double your money

  • Reply to

    Premarket is wonderful

    by jimbobjumpback1rn Jun 25, 2015 8:31 AM
    rchites rchites Jun 25, 2015 9:28 AM Flag

    It's always nice to have every body behind the stock. Even the brain dead bashers

  • Reply to

    Massive Power Move taking place.

    by chip_jamerson Jun 23, 2015 3:25 PM
    rchites rchites Jun 24, 2015 4:13 PM Flag

    What's a matter little clown???? You miss the 35% rally??? You still looking for the never ending short story? Look at the 5 day chart and tell us again why you are here

  • Reply to

    question for the board...

    by buzzer551137e Jun 24, 2015 1:20 AM
    rchites rchites Jun 24, 2015 4:05 PM Flag

    Most analyst don't see the same picture as over extended, levorage shorts. 70% debt to equity due in 2021 makes Alpha idiots look stupid talking about ebida when none of the industry is making money. They stated no liquidity problems....... Most these companies have assets and hedges, and financing for a normal period. This is not oils 2st rodeo.

  • rchites rchites Jun 24, 2015 4:00 PM Flag

    Analyst are still positive at morningstat

ORN
6.80-0.04(-0.58%)Jul 2 4:02 PMEDT