They went from having zero revenue to putting 3 drugs on the market and having a blockbuster multi-million dollar product EYLEA for eye degeneration issues. They are still rolling it out in many countries plus additional `therapies.
Also a deep pipeline of drugs in phase 2 or 3. Only about 99 million shares outstanding and most are owned by insiders or institutions. Besides hard work in sorting through stocks to buy there is a certain amount of luck involved. Folks that do not think that usually get over confident and screw up.
Thanks for the info. I am retired and listen to all the conference calls of stocks I own. In a hot stock like this the analyst's will be trying to drag a lot out of them and I would think in the Niobrara.
How do they say $9?? In mid May HK formed a Golden Cross with the 50 day crossing upward over the 200 day. A very good sign. Also since last fall there is a nice cup. Was this last sell off the handle?? But given all that how do we get $9??
They will be very careful about raising rates. Fed still concerned about deflation, which is hard to stamp out as we have 5 years worth of evidence. Seven years into the great depression Roosevelt insisted on raising taxes against advice for his advisers. It drained a lot of money out of the economy and the US went right back into the toilet. If it were not for the War, Roosevelt would have put in his two terms and never received the accolades he gets today.
Good riddance to Coal plus the gas and electric wholesalers. On conference calls that is all the analysts ever wanted to talk about, not the 90% of the business that is electric generation and electric and gas distribution. They have built up the construction group, which is a money maker.
You are right, to small to buy anyone. However, a logical sale would be to NiSource, who only has electric in Indiana, but huge gas operations in both pipes and distribution. NiSource also has a lot of assets in the Utica and is involved in midstream and as a non-operating partner with a privately held driller for wet gas.
Tapping into Asia for Growth - This is a video on Emerson's main internet web page. This is probably what you are looking for. You should listen to the whole thing. Very informative.
Only 35% of earnings based on 2014 analysis average estimate.. Next years estimate is $11.05 per share. 35% of 2015 earnings is about $3.86 dividend. Just illustrating the future dividend potential of this company.
I am currently a holder of KOG and plan on holding until the takeover and then hold the WLL shares. I have gone through the last presentation and listened to the last WLL conference call and see that besides the Bakken that WLL is putting some serious money into the Niobrara. I also see that they are drilling in the Permian, but there is little info about it. I also own a bunch of OXY stock, who is the biggest producer in Texas primarily due to the Permian.
Question: Does anyone on the board have a good feel for what WLL is doing down there and if it will have any significant price on the stock. Thanks.
In addition to what you said, utilities have had a great run and some of the larger investors have taken money off the table. Also some sector rotation. Individuals buy utilities for income and not necessarily interested in locking in gains and trading. It is also Summer where a lot of wall streeters are on vacation so there is less interest in the market in general.
If the Fed had the slightest idea of what they should be doing, they would not have let the country slide into the worst economic downturn since 1930. I personally believe we are at the beginning of a boom since the stock market, last Spring, finally broke out of a range starting with the old S&P top in 2000. These events have only happened 3 previous times since 1900 (1923, 1952, 1982) and each led to long secular bull markets. Each were also caused by the same thing - lower and or stabilized commodity prices. Prices appear to be high because of the PE's, but going forward this may be just a signal for more rapid growth.
Industrial gases are still suffering from the great recession. They are very dependent on non-residential construction. They service a lot of different businesses, but construction is the icing on the cake. The chemicals and pipelines businesses have been starting to ramp up and their are a lot of contracts that have been let out in the last few months so we should see an up tick in activity soon. ARG is huge in welding selling lots of acetylene and oxygen plus hard goods used in welding, so it is not just a gas company. I own some shares for a while and up about 105 or so plus dividends. This is the smaller of the large gas companies. For quality PX is probably the best, while APD also sells other chemicals. Over the last 5 years ARG has done the best, but recently APD has taken center stage. However, it maybe some catch up because APD did so badly for so long. Hopefully this up coming construction boom will propel all three companies.
Both companies are doing well for a number of reasons. First, COP is all about drilling and consumes tremendous amounts of capital. One could say that that part of the company should have been doing well. But it was bloated with way to much property that they would neve get to drill on or spread resources way to thin. Whoever assembled all that property had to be a knuckle head. PSX part of the business was an after thought. However, the shale drilling revolution for both oil and gas has put all of their businesses front and center. There is a re-industrialization of America, especially on the gulf coast. We have a certain amount of luck here. Yes there is some skill to picking good stocks, but luck also plays a big part in getting good returns. I feel good at having bought COP before the split because many pundits felt that the two separate companies would unlock more value than as one. However, hitting things just right where PSX was able to take advantage of what is happening in chemicals and midstream was a stroke of luck.
Two companies are not comparable in size. CLR is drilling in two shale plays in Oklahoma and have 18 rigs in operation there. CLR earnings are considerably higher than WLL. WLL has non-Bakken properties but they are only starting to develop them. CLR is not over priced. Their growth rate is also much higher.
There are a number of reasons why CLR has a larger market CAP. First, they Have property in other plays, especially the SCOOP and Cana fields in the Woodford formations in Oklahoma. They will have 18 rigs running there this year. They are much more aggressive than WLL and have been exploring all the benches in the 3-forks. When you look at the analyst's estimates for 2014 & 2015 CLR is growing revenues much faster and trades at a slight PE premium. WLL is now trading higher because they are beginning to commit CAPEX to the Niobrara property and will add 4 additional rigs to KOG property going forward. This will give their lack luster growth numbers a real shot in the arm.
The deal is based on WLL price, so if WLL skyrockets like you say, so does KOG. If you were to chart KOG vs WLL, they are both up about 300% from the time KOG went public. Divergence was during the 2009 drop when KOG took a big hit due to financing issues. If you bought KOG in that trough you are laughing all the way to the bank.
Makes a lot of sense and law suits will get chucked out. Mostly lawyers looking for a pay day. If you chart KOG back to the origins of KOG they are both up about 300%. During the nose dive in 2009 WLL faired much better because they already were drilling and had lines of credit established. This could end up to be quite good because WLL could be taken over and the 2 companies together may get a nice jolt due to size and a better cost structure.
Independent refiner, Phillips 66’s (PSX) board of directors has given consent to an increase in 2014 capital spending. The raise in capital spending is to support the company’s growth strategy and authorized returning additional capital to shareholders.
The board has authorized a capital expenditure of $3.9 billion for 2014, up by $1.2 billion or over 44% from the previously approved budget. The increased capital program is intended to ramp up the development of the Sweeny Fractionator One and Freeport Liquid Petroleum Gas Export Terminal. The recently announced acquisitions of the Beaumont Terminal in Texas and specialty lubricants’ company Spectrum Corporation are also expected to be funded through this capital hike.
An additional $2 billion share repurchase program has been approved by the board. The board had authorized a total of $7 billion in share repurchases during the third quarter of 2012. Since then, company’s cumulative share repurchases has totaled $3.2 billion through the first quarter of 2014.
The company is carrying out its growth plans through disciplined organic capital spending and by selective acquisition by its Transportation and Lubricants businesses. Phillips 66’s financial flexibility boosts its investment in higher valued business lines apart from raising dividends and stocks repurchases and thus enhancing value for its shareholders.
They raised it 3 cents last year. I would guess at least that but 4 to 5 cents would put it in the $2.92 to $3.00 range. I think they go with one of those numbers. They have really done a lot better job of managing the land portfolio and getting rid of none core assets plus they are on track to increase reserves every year. Based on how operations are going, anything less than $3.00 per year would make them cheap skates. On all their calls they have been saying they are shareholder friendly and want to support a competitive dividend.
Where did you get the 31% ROE number. In Yahoo stat it is 14..62%. The refining business makes up a huge % of the company and the returns are about 10% which is an industry leading number. The insiders are buying because the company is in a growth mode led by midstream and the chemical JV. I believe in the next 3 years all of their businesses collectively are investing $12 billion and 75% is growth capital. Over the next few years free cash flow will increase significantly. They have said they will raise the dividend double digit % every year plus buy back stock as long as they consider the market price lower than intrinsic value. Today only 15% of cah flow goes to dividends.
The Board of Directors of Cummins approved an increase in the company's quarterly cash dividend on common stock of approximately 25% to 78c per share from 62.5c per share. The dividend is payable on Sept. 2 to shareholders of record on August 22. The Board of Directors has also authorized the company to repurchase up to $1B in shares of common stock upon completion of its current $1B share repurchase program.