yes, it is dead money for a very long time. I am however concerned about them staying afloat with such high debt. Remember, the Saudi's strategy is to bankrupt a lot of the American oil plays. I think Linn might be one of them. I like another poster on this thread have a significant amount of "dead money" in this one.
well, the way I see it is I've already "lost" on paper so I have 2 choices. I can either sell my position, realize the loss and lick my wounds. Or I can collect the dividend, average down and wait for price appreciation again. I believe in the latter.
Over the very long term this will do very well. The Saudis are deliberately lowering the prices in order to destroy the booming US oil industry but I don't think that will last very long. The days of the middle eastern oil barons are numbered. Combine that with the inevitable plunge in the USD and I have my reason for investing in oil and gas trusts and MLPs. Timing may be off but who thought we'd see $85 oil again?
Best of luck to you.
haha.... as good a reason as any. I've heard musings that MLPs and trusts are down because interest rates are on the rise hence money is moving into fixed income. Really? So one will sell an 8-10% yield in VNR for a 2-3% fixed income investment? I think not.
Given the numbers in your post, why is the company trading at less than half book value and more importantly 85% of revenue? Oil is rising and this stock continues to go lower. Something does not add up here. Clearly the market is not even willing to pay 1 times sales for this company. And mind you, Swift is not some little unknown company.
I bought because of the holdings and am not happy in the action of this stock. There is a reason why teh markets are not affording it even face value, and I am being reminded of Sandridge which followed a similiar path by becoming more oily. The 'story' there too was the 'worth', until many of the holes they drilled were just that..holes.
Even if the property is worth $700 million, the company has $1.1 billion in debt. Perhaps this is what the shorts see - the company is overvalued because of its high debt load and acreage that is questionable as to its readiness for production.
it looks that way, but something is wrong here. Oil and Gas are going up and this one is going down every day, weeks before earnings. I own some and am considering selling instead of adding. You and I certainly can't be the only 'smart' ones looking at its worth. Perhaps the wells are not producing as expected.
I owned Sandridge a while back and it was the same 'story' stock, converted from gas to more oil, supposedly had tons of oil/gas producing property but has gone nowhere. I'm beginning to get a bad feeling about this one and may just take my loss.
I'm new to this stock and doing my DD. I believe the planned oil and gas exports in the coming years will benefit shippers and I already own TGP and GLNG for the gas exports. Will FRO benefit from planned US oil exports in the coming years seeing that it has a large fleet of VLCCs?
I bought more today. Graphene will replace silicon in all the computer chips and they are finding more and more ways of using it across industrial and other applications. It is just a matter of time before GTI really starts to benefit from graphene.
Sentiment: Strong Buy
I'm interested in investing some new money. Already hold agnc and was thinking of picking up some nly to diversify. NLY is trading below book presently and if history is any indicator investors who bought nly below book have done well. Or can we expect more divvy cuts in nly and lower share price. Not asking for advice, just interested in thoughts of the knowledgable folks on this board.
Please ignore my post above re getting shares of SBY via TWO. I see SBY has begun trading. I'll make my purchase of SBY directly. Sorry for the confusion.
Can I buy shares of TWO now and still get the .06 share of SBY for every share of TWO. Sorry, I've been meaning to buy TWO for a while now but got caught up in business. Appreciate any info on the shares of SBY. Thanks,
Hello Liza, I value your posts on this and the other royalty / mlp boards. Curious as to your thoughts on PBT as an investment at this stage. Looking at it from strictly an oil/gas standpoint, I think it's only a matter of time before both commodities move up notwithstanding the increased production coming online from fracking. Your thoughts?
I'm inclined to think something is wrong here. This has dropped more than any energy stock I own. Is it possible that they will do a secondary and someone knows it?
I'm in at 26ish and would like to buy more but the action here has not been good and I'm not sure the drop is over.
given the forward earnings potential it should go way past 30 in the future. Or at least I hope so. Seems to be building a base here. I established a half position recently and will add on any pullback.
Thank you both for your comments. I've been doing some reading and note the heat resistant quality of their products may also be used in modern electronic devices such as the Ipad, Iphone etc to keep them cool.
Their valuation is compelling, trading at close to book value. I may initiate a position soon but with these crazy markets and the situation in Europe there may be lower prices ahead.
Will this company have any part to play in the graphene revolution? Sorry for what seems to be a lame question but I'm primarily an investor and not very technically familiar with the many uses of graphite. I know of their potential with batteries etc but just wondering about the graphene.
Appreciate comments from those engineers etc on this board.
I agree with you. Cain is their worst nightmare because they do not have an antidote for him. Even if they say he is inexperienced, he is vastly more experienced than the Kook in Chief.
I also agree with the previous poster who said we cannot have a harasser gain the nomination. But we do not have all the facts yet. Romney and Perry are 2 wimps who the O man and his liberal machine will run over.
charges are unproven. they're just digging for dirt. Perry is intellectually lazy and wants the nomination handed to him. Dumber than soup
Coffey, I share your concerns. I'm long but the recent insider sales and this malaise in the stock concerns me. I hope their earnings are at least in line, especially since they alluded to such a large backlog.