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Kodiak Oil & Gas Corp. Message Board

rgchjr1945 204 posts  |  Last Activity: 6 hours ago Member since: Sep 27, 2011
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  • Reply to

    SE dividend----GOING UP

    by beachplayboy200245224 Dec 11, 2014 8:38 PM
    rgchjr1945 rgchjr1945 6 hours ago Flag

    The transaction was the reverse, Duke spun off spectra. The price used to calculate gain and loss is $19.25 and for Spectra is $ 27..75. Proration was based on the day before the split using WI prices. So since the beginning of 2007 the stock has really not gone up much.

    However, In the depths of the great recession, March 2009, SE closed as low as $13. During that down cycle is when I bought all my shares. I started buying around $16 when it was still on the way down. Continued to buy in 100 and 200 share increments going down and back up into the lower $20's. At the same time I bought VVC (my local gas utility) WEC and some other utes and pipelines which I have swapped into Dominion and KMI. I also kept my PSX from the Conoco/Phillips spin which owns the other half of DCP midstream. Prior to the 2009 downturn I sold non dividend stocks, because they always take a beating in those down drafts, and had money to buy. Still got wacked on the core stocks that I retained but they kept paying dividends and have all come back.

    I like anything that has to do with natural gas infrastructure and that pays and increases dividends every year.

  • rgchjr1945 rgchjr1945 Dec 26, 2014 7:40 PM Flag

    If you are answering messnervan about California, it is impossible for them to be down quarter after quarter. They just opened the stores and therefore in CA there are no comps.

  • Reply to

    Paying off debt

    by mmoubied65 Dec 20, 2014 10:02 AM
    rgchjr1945 rgchjr1945 Dec 26, 2014 2:19 PM Flag

    I think they are the largest company in the Refuse space. I really do not think a company that does not know this business would want to own them. It is not a company you add to a portfolio of other businesses because it is so different. CEO's have tried that before and it never works. Takeover by private equity would not be in the cards because WM has way too much debt. I do not think this company could handle a leveraged buy out.

  • This article was on Seeking Alpha - 12/22/2014:

    Report: Oxy Petroleum in talks to buy Permian Basin shale explorer

    Occidental Petroleum (OXY -0.6%) is in talks to acquire closely held shale explorer Three Rivers Operating Co. II at a price below $20K/acre, Bloomberg reports.

    A purchase of Three Rivers' owned rights to 82K acres in the Permian Basin would cement OXY’s dominance in the area that is the most prolific U.S. crude region, and would be the company’s first significant acquisition in more than four years.

  • Reply to

    billions available for buybacks

    by barc37000 Dec 23, 2014 9:47 AM
    rgchjr1945 rgchjr1945 Dec 26, 2014 1:30 PM Flag

    $64 Billion Market cap without a premium. That is pretty big hurdle but nothing is impossible.

  • rgchjr1945 rgchjr1945 Dec 26, 2014 1:26 PM Flag

    Back in the 1970's young folks started to buy Toyotas, Hondas and BMW's at the high end because the big three made #$%$ cars that cost a lot. There are some places in the US where you would be hard pressed to find a Ford or Chevy. In this case UA has won over the minds of the young generation so sale4s will only continue to go higher as they make more money and buy these products for their kids.

  • Reply to

    It's been a great year for D

    by freedman846 Dec 22, 2014 1:41 PM
    rgchjr1945 rgchjr1945 Dec 26, 2014 1:15 PM Flag

    Utility stocks in general are on fire. D in particular up over $1 today with a high of $79.85. I think investors are starting to look at the growth in assets resulting from expanding capital programs. Utility rate making has always been politicized over the years, but the deferral of needed investment is forcing the regulators to agree to upgrading plant along with new investment for growth. A good example is the replacement of iron pipes in the natural gas distribution network.

    Secondly, I do not see any significant rise in interest rates. Interest rates on the 30 year Government bond, in the US, form 1900 to 1960 only went above 4% for a few years in the 1914 - 22 time period. This coincides with WWI and its after math. In the late 1960's rates took off peaking in 1982. It took about 30 years to beat that out of the system. I see rates returning to the 4% or less range. Up until that late 1960's spike, utilities were very good investments. Furthermore, because of the risk, common stocks always paid more in dividends than bonds did in interest. We also have low inflation primarily due to stable or lower commodity prices.

  • Reply to

    here's why CELG is safe....

    by malagasysloth Dec 22, 2014 1:21 PM
    rgchjr1945 rgchjr1945 Dec 24, 2014 11:18 AM Flag

    Unfortunately the traders of ETF's, that hold huge % of CELG, do not really care about Revlimid. As a result we suffer in the short term with GILD. These are not investors but short change artists that over react to any news.

  • Reply to

    Cramer rants

    by bobcam_11040 Dec 22, 2014 5:24 PM
    rgchjr1945 rgchjr1945 Dec 23, 2014 5:38 PM Flag

    Cramer's audience is miniscule, Yesterday's ratings = 177K audience. There are 317M Americans. He has almost no effect on stocks.

  • Reply to

    Anyone know whay REGN's downslide continues?

    by aapl14 Dec 23, 2014 10:18 AM
    rgchjr1945 rgchjr1945 Dec 23, 2014 2:13 PM Flag

    I might add that there may be some liquidity issues with those ETF's. So in effect in the short run a few people have undue influence on a group of stocks. This can also happen on the upside giving people a false sense of security. Long term revenues leading to earnings rule the day.

  • Reply to

    billions available for buybacks

    by barc37000 Dec 23, 2014 9:47 AM
    rgchjr1945 rgchjr1945 Dec 23, 2014 1:24 PM Flag

    There is a chart in one of the early 2014 presentations that gets OXY shares outstanding down to about 680 million shares from current 775 million today. The starting number was actually higher because they have been buying. They should eventually get their because the share price is lower than they expected due to the oil price. They have also not disposed of all the assets that they are trying to sell and on which the chart was based.

    I think the restructuring continues through 2015 before we see the low in shares outstanding.

  • Reply to

    Anyone know whay REGN's downslide continues?

    by aapl14 Dec 23, 2014 10:18 AM
    rgchjr1945 rgchjr1945 Dec 23, 2014 1:18 PM Flag

    Same old story, when momentum players get spooked they sell in a flash. Thinking is that the Gilead issues will spread to the rest of the industry. It is not individuals selling REGN, but hedge funds selling the ETF's in which REGN is a big percent. Find one of those ETF's and chart it against CELG, BIIB, AMGN, GILD & REGN and they pretty much all track.

  • Reply to

    Notice how Cramer is soooooo......... QUIET!

    by aapl14 Dec 23, 2014 11:49 AM
    rgchjr1945 rgchjr1945 Dec 23, 2014 1:13 PM Flag

    Actually he said to lighten up until you know if the Gilead issues spread. The problem with these stocks is that the few momentum players here can kill them quick and ETF's are poison because you cannot separate the wheat from the chaff. I actually sold some, taking some real good profits. The run up in both celg & regn had gotten my % of portfolio way beyond what I want it to be. Trimmed a little around the edges.

    Sentiment: Hold

  • Reply to

    Brent 90-100 in 12-18 months

    by kevinharrell86 Dec 23, 2014 11:26 AM
    rgchjr1945 rgchjr1945 Dec 23, 2014 12:06 PM Flag

    I believe the world is producing around 93 million barrels of oil per day. That includes all the heavy stuff and I think NGL's. A much smaller sub set is light sweet crude. During the course of a year, if no new wells are drilled, we lose about 5.5 million barrels a day from reservoir depletion. I had seen an article a few years ago when we were at 87 million barrels and the depletion was 5 million barrels so 5.5 million I saw in a recent article makes sense. Many drillers have already cut back. Continental has apparently cut CAPEX by 40%. Oil found in tight rock also depletes faster than conventional wells. Other countries do not have the capital to keep drilling and the Saudi's are maxed out. I would say that Pickens in dead on.

    As far as PSX, it should never have come down this far to begin with. I added some today and have been buying KMI. I trimmed from my non-dividend paying Biotechs to fund the purchases. I agree that this is a great opportunity. You also get chemical, specialty lubricant and natural gas midstream exposure.

  • Reply to

    Paying off debt

    by mmoubied65 Dec 20, 2014 10:02 AM
    rgchjr1945 rgchjr1945 Dec 22, 2014 4:44 PM Flag

    Announced the same day they closed on the Wheelabrator sale. They can always borrow more money if they have a significant acquisition to fund.

  • rgchjr1945 rgchjr1945 Dec 22, 2014 11:16 AM Flag

    Yes it is the momentum players who are in those ETF's. At the first sign of any negative news in the core business of an ETF they are selling, shorting etc.

  • Reply to

    MMM LIFETIME HIGH! INSANE!

    by nanidog777 Dec 3, 2014 11:34 AM
    rgchjr1945 rgchjr1945 Dec 22, 2014 11:08 AM Flag

    There are a number of reason for the rise. They just had their analyst's day, and I did since I am retired, the report on operations was up beat. More importantly they have reiterated their efforts to change the mix of debt to equity. For a company with a market cap of $107 billion, less than $8 billion in debt is not very much. Plus debt is less than 2X levered free cash flow. In essence they will be lowering the cost of capital my selling bonds at 70 year or so lows and buying back stock. Besides the rise in earnings per share the number of shares will be reduced over and above what they are already doing.

    I think that this is now baked into the stock as the PE is now about 2X the growth rate, which is starting to stretch it. Even the analysts' highest estimates for next year are not much higher than the norm. We would need some big upward estimate in GDP growth outside of the US to move this stock a lot higher.

    Sentiment: Hold

  • Co announced that the European Medicines Agency's (EMA.TO) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion for continuous oral treatment with REVLIMID in adult patients with previously untreated multiple myeloma who are not eligible for stem cell transplantation.

    The CHMP reviews applications for all 28 member states in the European Union, as well as Norway, Liechtenstein and Iceland. The European Commission, which generally follows the recommendation of the CHMP, is expected to make its final decision in approximately two months.

    If approval is granted, detailed conditions for the use of this product will be described in the Summary of Product Characteristics, which will be published in the revised European Public Assessment Report.

  • rgchjr1945 rgchjr1945 Dec 18, 2014 2:35 PM Flag

    Continued:
    "Acie's impressive financial background with larger publicly traded oilfield services companies, including his extensive knowledge of public company operations, financial reporting requirements, financial auditing standards and M&A and divestiture advisory as well as recent success at a high growth private equity-backed start up, were requisite qualifications for a new Chief Financial Officer," commented Matt Flemming, Chief Executive Officer of HII Technologies. "As we continue to grow both organically and through accretive acquisitions, we believe Acie's experience managing the financial strategy of high growth multiple divisions at previous oilfield services companies will serve our firm and its shareholders well," continued Mr. Flemming. "Further, we expect the segregation of the Chief Executive Officer and Chief Financial Officer duties will strengthen our internal controls and procedures."

    The Company's board of directors permitted Mr. Palmer to purchase $50 thousand of HIIT restricted common stock directly from the Company on his start date.

    Things must be looking up that we can afford to fill out the staff needed to become a real company.

  • HOUSTON, TX--(Marketwired - December 15, 2014) - HII Technologies, Inc. (HIIT) ("HII Technologies" or the "Company"), an oilfield service company focused in frac water management, oilfield power and safety services headquartered in Houston, Texas, today announced the hiring of Acie Palmer, CPA as the Company's new Chief Financial Officer (CFO). In connection with Mr. Palmer's appointment as CFO, Matt Flemming resigned as the Company's CFO. Mr. Flemming continues to serve as the Company's Chairman and Chief Executive Officer.

    Acie Palmer has over 30 years of management experience including strategic financial planning and analysis, treasury management, capital raising, and operations in several industries including direct experience in the oilfield services industry ranging from startup organizations to larger publicly traded companies generating $1.8 billion in annual revenues.

    Most recently, Mr. Palmer was the Chief Financial Officer for Certus Energy Solutions, a private equity-backed oil country tubular goods (OCTG) startup that successfully grew rapidly from its inception in 2013 and capitalized with approximately $75 million in debt and equity during his tenure. Previously, Mr. Palmer held positions ranging from Vice President of Operations, Corporate Assistant Treasurer and Director of Planning and Analysis at Key Energy Services (KEG) and Division Controller at Basic Energy Services Inc. (BAS). Mr. Palmer is a certified public accountant, licensed in Texas. In addition, Mr. Palmer received Key Energy Services' 2011 Chairman's Award For Outstanding Performance.

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