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Cabot Oil & Gas Corporation Message Board

stormfront2020 67 posts  |  Last Activity: Feb 3, 2016 1:15 PM Member since: Apr 2, 2009
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  • stormfront2020 stormfront2020 Feb 3, 2016 1:15 PM Flag

    I agree 100% but it seems a majority of shareholders think share buybacks are the greatest thing ever.
    All we can do is hope they're right & we're wrong

  • Reply to

    Covered Calls

    by stormfront2020 Jan 25, 2016 1:57 PM
    stormfront2020 stormfront2020 Jan 29, 2016 3:45 PM Flag

    I'm actually 5 for 5 selling covered calls with AWK
    Suppose it was inevitable that I'd get one wrong :) (although it's not over yet)
    Like you, I love the stability that AWK provides. I bought my 1st shares on November 1, 2011. I now have 352 shares @ an average cost of $36.42

    Unless something drastic happens, I plan to hold for a long, long time.

    Regards

  • stormfront2020 stormfront2020 Jan 29, 2016 3:29 PM Flag

    Thanks for the reply & info pharmanot.
    I already own AT&T
    for utilities I own Wisconsin Energy WEC
    I'll research your other recommendations later.

  • Reply to

    How does my #$%$ taste Cramer?

    by shshovelor Jan 29, 2016 12:57 PM
    stormfront2020 stormfront2020 Jan 29, 2016 1:55 PM Flag

    "Not a high enough dividend for him he said"
    ************************************************************************************************************
    That's a perfect quote to show how naïve Cramer is. I honestly can't believe he's gotten this far in the investing world. When you own a great company like AWK, you don't buy it for the dividend.
    You buy it for capital appreciation, also known as the share price steadily going up over over time & obliterating the S&P 500 !!

    The dividend is just extra icing on the cake.

  • Reply to

    Covered Calls

    by stormfront2020 Jan 25, 2016 1:57 PM
    stormfront2020 stormfront2020 Jan 29, 2016 1:48 PM Flag

    Terrible timing on my part. I should've waited till today to sell the covered calls.
    I'll more than likely have to buy back the calls at a much higher premium than I received.

  • stormfront2020 stormfront2020 Jan 28, 2016 7:49 PM Flag

    "If you must play NVS, short it"
    ********************************
    I don't have a margin account, so I couldn't short the shares, I suppose if I wanted to I could buy put options though. But I'd be hesitant to do that considering the stock is already down from 105$

    "Sell J&J while on top"
    ************************
    I've owned JNJ since 2002. I've accumulated 605 shares & for the past 2.5 years I've taken the dividend in cash for income.

    "buy Genmab with the NVS dividend over which you are dangerously obsessing"
    ***************************************************************************************
    Have no idea what GENMAB is, & since I don't even own Novartis shares, & was only asking a question about the dividend, I don't understand how you could call that obsessing ?

    "pick an income money market fund that will pay 1.7%
    ***********************************************************
    My fidelity cash reserves fund has a 7 yield of 0.01% If you know of a safe income money market fund that yields 1.7%, please do tell.

    "Pray to the Fibonacci Queen and learn from your mistakes. R U crazy. :
    ******************************************************************************
    I always get a kick out of you technical analysis guys. I don't totally dismiss TA, as a matter of fact,
    I sometimes use candlestick charts to see when it's a good time to add to my holdings, or time to sell covered calls.

    But you guys are so arrogant at times. Like when you're telling us what's going to happen, problem is, you usually tell us after the fact. Somebody once told a joke about TA people.

    Technical analysis guys get up Saturday morning, grab their bow & arrow , walk out to the old barn, take 50 steps back, turn around, draw their arrow & shoot it into the side of the barn.

    They walk up to the barn, reach the area where the arrow hit, take a piece of chalk out of their pocket, & draw a bull's-eye around the arrow & say "see, I told you so"

    No disrespect of course :)

  • At what, if any point does Novartis look like a good value ?

    The Novartis dividend has increased steadily since 1996.
    The Board proposes a 4% increase in the dividend payment for 2015 to CHF 2.70 per Novartis share (2014: CHF 2.60) for approval at the AGM on February 23, 2016. This represents the 19th consecutive increase in the dividend paid per share since the creation of Novartis AG in December 1996.

    This would result in an expected payout ratio of 93% of net income from continuing operations (2014: 62%) and 37% of net income attributable to shareholders of Novartis AG (2014: 65%). Based on the 2015 year-end share price of CHF 86.80, the dividend yield will be 3.1% (2014: 2.8%).

    If I understand it correctly they have proposed a $2.70 per-share dividend payable sometime in February or March. That's the good. The bad, as you can see above, is that at that point the payout ratio would be 93% of net income.

    Any idea's/opinions ?

  • Reply to

    Buyback

    by conroekilledamd Jan 26, 2016 4:47 PM
    stormfront2020 stormfront2020 Jan 27, 2016 12:57 PM Flag

    Both of you say that the shares are retired.

    How do you know this for sure, is there a way to look it up and Apple's website, is it mentioned in the quarterly report, somewhere else ?

    By Investopedia Staff
    When a company performs a share buyback, there are a few things that the company can do with the securities they buy back. The company can reissue the stock on the market at a later time. In the case of a stock reissue, the stock is not canceled, but is sold again under the same stock number as it was previously sold. The company may give or sell the stock to its employees as some type of employee compensation or stock sale. Finally, the company can retire the securities.

    In order to retire stock, the company must first buy back the shares and then cancel them. shares can not be reissued on the market, and are considered to have no financial value. They are null and void of ownership in the company. Retired stock is repurchased from the money saved in the company's retained earnings.

    After the stock is repurchased, the issuer or transfer agent acting on behalf of the share issuer must follow a number of Securities and Exchange Commission rules regarding stock. The stated goals of the SEC's rules for the handling of canceled stock are to reduce and eliminate fraud resulting from the use of canceled securities, reduce the need for physical movement of securities, and to improve the processing and transferring, as well as those processes involved in securities transactions.

    There have been occasions in which canceled securities have gone missing and appeared on the international market as current and valid securities.

    Retired stock is canceled according to the following rules. Securities that have been retired, or canceled, must be clearly marked with the word "canceled". Canceled securities must be kept in a dedicated, secure storage area.

  • Reply to

    Buyback

    by conroekilledamd Jan 26, 2016 4:47 PM
    stormfront2020 stormfront2020 Jan 26, 2016 10:03 PM Flag

    "A buyback decreases the market cap and changes the ratio of your shares to the total shar s outstanding"
    ******************************************************************************
    Got it

    ******************************************************************************
    "You would have been more core ft if you had inquired about employee stock grants. Those are the actual opposites of buybacks"
    ******************************************************************************
    1 What does (more core ft) mean ?
    2 When a company buys back shares, what 'actually' happens to
    those shares ?
    2b Are those shares used for the employee stock grants you mention ?

  • Reply to

    Buyback

    by conroekilledamd Jan 26, 2016 4:47 PM
    stormfront2020 stormfront2020 Jan 26, 2016 6:32 PM Flag

    ATTN thompson:
    "Each buyback increases your fraction of ownership in the company"
    **************************************************************************************************
    By that reasoning, wouldn't you have to say that the 7-1 stock split decreased our fractional ownership of the company ?
    **************************************************************************************************

  • Reply to

    Buyback

    by conroekilledamd Jan 26, 2016 4:47 PM
    stormfront2020 stormfront2020 Jan 26, 2016 4:58 PM Flag

    Stock buybacks do nothing more than artificially inflate earnings by reducing the number of shares outstanding. I didn't invest in Apple because I wanted them to act like a mutual fund & buy shares.

    Take some of that money and create/design a new product that the mindless people of the world will buy in droves.

  • Reply to

    Watch for breakout

    by hollyhunter21 Jan 26, 2016 10:24 AM
    stormfront2020 stormfront2020 Jan 26, 2016 3:57 PM Flag

    "GILD better value"
    ****************************************************************************************
    I own both

  • Reply to

    Dividend Raise

    by gstine11 Jan 26, 2016 10:35 AM
    stormfront2020 stormfront2020 Jan 26, 2016 2:52 PM Flag

    ATTN: craig
    "Not sure. Great company but with it being up over $6 today I had to take profits. It should come back down and present another buying opportunity"
    ************************************************************************************************************
    Are you a long or short term shareholder?
    Are your shares is a tax-deferred account ?

    What I'd really like to do today is sell covered calls, but since I only have about 120 shares I could only sell one contract & the premium just isn't enough, at least not for the out of the money strike price I was considering.

    ATTN: skpjah
    "4 quarters in a row that revenue has declined with market conditions becoming more difficult"
    ************************************************************************************************************
    I'm seeing this with lots of companies. Of course many of these companies have disguised the revenue drop & 'artificially' hiked EPS by buying back shares.

    Declining revenues, at a time when worldwide interest rates are at historic lows.
    What's going to happen if interest rates go up ?

    Good luck all

  • Reply to

    Dividend Raise

    by gstine11 Jan 26, 2016 10:35 AM
    stormfront2020 stormfront2020 Jan 26, 2016 2:32 PM Flag

    Great post badger!

  • stormfront2020 by stormfront2020 Jan 25, 2016 1:57 PM Flag

    Sold covered calls Friday
    March 2016 $65.00
    Premium .80

    I've had great luck doing this with a AWK
    Love the stock, as it keeps going up over time, but anywhere from 1 to 3 times a year, it's surges and gets over bought.

  • stormfront2020 stormfront2020 Jan 25, 2016 1:30 PM Flag

    Why would you need to see an annual statement ?

    I gave you the exact date I bought the shares, & the exact price paid.
    I put them in a watchlist at Yahoo with those same buy prices the same day, & they show the total return.

    As far as I know, it doesn't show the return adjusted for dividend reinvestment.

    That would change the total returns. But in Exelon's case, the returns would be even worse, as the stock has been in a downtrend since 2008, so almost every quarter since 2008 the shares purchased with the dividend, were worth less the following quarter.

    Anything else ?

  • 1: Click the small chart to the right of the messages.
    2: You'll now be looking at a one-day chart.
    3: Near the top of the chart click + comparison
    4: Then click + S&P 500
    5: Now click the different time frames. 1 month - 3 Months - 1 year - 2 year - 5 Year - 10 Year - Max

    If after looking at this, you're still concerned about the PE of this stock, you should probably look at something else. Bank CD's perhaps.

  • stormfront2020 stormfront2020 Jan 19, 2016 4:50 PM Flag

    I have to laugh every time I hear a republican come out & mention the draconian 35% corporate tax rate in the US.

    The 'real' effective tax rate for the S&P 500 is probably closer to 15 or 16%
    I'm a Republican myself, so I'm not saying that's too high or too low, I'm just saying I get so damn sick of the lying on both sides of the political aisle.

  • Reply to

    Going to 8

    by desk_pounder_2007 Jan 19, 2016 3:19 PM
    stormfront2020 stormfront2020 Jan 19, 2016 4:36 PM Flag

    Over 1000 shares…… Nice job
    I only own a couple hundred shares of T but I also add from time to time.
    My biggest individual holding is Johnson & Johnson I own 605 shares

  • Reply to

    Going to 8

    by desk_pounder_2007 Jan 19, 2016 3:19 PM
    stormfront2020 stormfront2020 Jan 19, 2016 4:07 PM Flag

    Already own it

COG
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