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Suncor Energy Inc. Message Board

sugarfox98 17 posts  |  Last Activity: Feb 3, 2016 3:34 PM Member since: Jun 17, 1998
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  • Reply to

    FHA Lawsuit

    by sugarfox98 Feb 3, 2016 1:15 PM
    sugarfox98 sugarfox98 Feb 3, 2016 3:34 PM Flag

    Think you missed my interpretation of "originate". HUD is the government department that oversees/regulates & gave birth to the FHA loan program. In other words, they "originated" the FHA loan program. I know banks make (originate) the loans. My point is that the FHA loans are over-regulated and nick-picked to death when loan losses occur as they inevitably will with the lower loan underwriting standards they have. I think the banks are learning that its not worth it trying to make these loans as the legal risk is huge & lawyers to fight the battle are expensive.

    Sentiment: Strong Buy

  • sugarfox98 by sugarfox98 Feb 3, 2016 1:15 PM Flag

    FHA loans were sub-prime before anyone knew what a sub-prime loan was. FHA loans originate from the good folks at HUD which spelled backwards is DUH. Most of the big mortgage lenders have about quit originating FHA loans as they are more time-consuming to originate, over-regulated, servicing is a nightmare, then HUD will sue you when the losses start piling up on their end. Notice that it took from 2012 to settle this thing. My guess is WFC settled to make them go away. I think HUD should go away.

    Sentiment: Strong Buy

  • Reply to

    Money made

    by grsealy Dec 15, 2015 12:37 PM
    sugarfox98 sugarfox98 Dec 15, 2015 7:56 PM Flag

    Picked it up at $4.95 yesterday & enjoyed the ride today. Still undervalued due to tax-loss selling & a multitude of fears from interest rates, oil, & refinancing debt in 2016.

    Sentiment: Strong Buy

  • sugarfox98 sugarfox98 Dec 8, 2015 8:16 PM Flag

    They did. Moody's outlook for KMI is now Stable

    Sentiment: Buy

  • Reply to

    Earnings

    by sugarfox98 Nov 5, 2015 9:55 AM
    sugarfox98 sugarfox98 Nov 7, 2015 10:06 AM Flag

    Stock price has been trending up since earnings. I sense that investors are realizing how oversold AINV is or could be the buyback has restarted after the blackout period was lifted. Either way I think we head up toward year-end even with a probable rate hike in December.

    Sentiment: Strong Buy

  • sugarfox98 by sugarfox98 Nov 5, 2015 1:14 PM Flag

    S&P CAPITAL IQ MAINTAINS HOLD OPINION ON APOLLO INVESTMENT SHARES

    11:09 am ET November 5, 2015 (S&P Capital IQ) Print
    We kept our 12-month target price at $8.00 applying a forward net tangible book value at $7.83 which is 1.02X, a discount to the stock's historical average and a forward P/E of 9.1X our FY 17 (Mar.) earnings estimate. We maintained our EPS estimates at $0.85 in FY 16 and and $0.88 in FY 17. We are seeing continued weakness for high-yield and leveraged loan issuance. In Sep-Q, we did see a year over year decline in total investment portfolio of 12.6% and 3.6% lower sequential to Jun-Q, and secured debt has remained flat at 63% year over year in the total portfolio.

  • sugarfox98 by sugarfox98 Nov 5, 2015 9:55 AM Flag

    NAV of $7.83 while down is still over $2 more per share than where stock is trading. Good to see the $21 million in repurchased shares. Not a bad use of funds with the share price so low. Dividend of .20/sh still being paid. Cannot catch the call today so if anyone can please add your thoughts. Considering all the negatives with the oil investments I was happy with the earnings news out so far.

  • sugarfox98 by sugarfox98 Oct 20, 2015 9:13 AM Flag

    Income per share was a little short of projections. Looks like a decent quarter though. Legal fees trending down. Not sure what the Deposit Administrative Fee increase was about but should be much better in coming quarters. The Fed Reserve still needs to raise the Fed Funds rate before income picks up but may come before year-end. Still think there is a good buy here in this price range.

    Sentiment: Strong Buy

  • Reply to

    One key today, which helped MLPs and pipelines

    by pjhatbpi Oct 2, 2015 4:40 PM
    sugarfox98 sugarfox98 Oct 2, 2015 5:30 PM Flag

    Also oil rig decrease in USA. 40+ I believe.

    Sentiment: Strong Buy

  • Reply to

    Buying Shares at $37 in Open Mkt

    by tribe_abs Sep 28, 2015 10:32 AM
    sugarfox98 sugarfox98 Sep 28, 2015 11:57 AM Flag

    Remember the cash is taxable but the shares exchanged are not. Think I'll take shares in this merger.

    Sentiment: Strong Buy

  • sugarfox98 by sugarfox98 Sep 28, 2015 10:41 AM Flag

    Shares appear stupid cheap. Added more below $38. Whether the deal gets done or not you should make good $ here. Just hold your nose & take a deep breath.

    Sentiment: Strong Buy

  • Reply to

    MILL issue verado posts about

    by billlkay Sep 18, 2015 1:06 PM
    sugarfox98 sugarfox98 Sep 20, 2015 5:34 PM Flag

    The 3 month interval may be due to the company's blackout period when insiders can't trade. Think its an SEC reg.

    Sentiment: Strong Buy

  • Reply to

    brutal price action

    by petekook Sep 14, 2015 11:27 PM
    sugarfox98 sugarfox98 Sep 17, 2015 10:48 AM Flag

    Believe its x-div date today.

    Sentiment: Buy

  • Reply to

    Upgrade

    by sugarfox98 Aug 25, 2015 10:43 AM
    sugarfox98 sugarfox98 Aug 25, 2015 7:56 PM Flag

    I like the prospects here. Long-term investor. Looks like a turn around play with better days ahead when the Fed starts moving up & overhead costs start coming down. RJ seems to like it too.

    Sentiment: Strong Buy

  • sugarfox98 by sugarfox98 Aug 25, 2015 10:43 AM Flag

    Regions Financial Corp. (NYSE: RF) was raised to Strong Buy from Outperform with an $11.50 price target (versus an $8.98 close) at Raymond James. Regions has a consensus price target of $11.38 and a 52-week range of $8.59 to $10.87.

    Sentiment: Strong Buy

  • Reply to

    Averaged Down

    by sugarfox98 Aug 17, 2015 12:15 PM
    sugarfox98 sugarfox98 Aug 17, 2015 12:59 PM Flag

    16% at qtr. end. At $8.01 net asset value, the total would be about $1.28 per share in oil investments. If the total amount of oil investments were written off, the NAV would be $6.73 all other things being equal.

    Sentiment: Buy

  • sugarfox98 by sugarfox98 Aug 17, 2015 12:15 PM Flag

    Picked up some more today as the sell-off appears way overdone. Did not get the low but not a bad price. This selling appears oil related & somebody did not want to shoulder that risk.

    Sentiment: Buy

SU
22.95-0.17(-0.74%)Feb 5 4:02 PMEST