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Linn Energy, LLC Message Board

supor450 135 posts  |  Last Activity: Apr 21, 2016 8:35 PM Member since: Apr 21, 2008
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  • Reply to

    New FTR customer in SoCal--the nightmare begins

    by supor450 Apr 19, 2016 10:50 PM
    supor450 supor450 Apr 21, 2016 8:35 PM Flag

    "Gotta love VZ's "scorched earth" tactics. They are a lousy company,...."

    Ahh, perhaps "sage" (a terrible misnomer) is finally wising up--but, VZ ain't the only "lousy" company.

  • Reply to

    New FTR customer in SoCal--the nightmare begins

    by supor450 Apr 19, 2016 10:50 PM
    supor450 supor450 Apr 21, 2016 8:33 PM Flag

    One last try--it's not about me.

    It's about spectacular corporate incompetence and indifference--and which has nothing to do with customers.

  • Reply to

    New FTR customer in SoCal--the nightmare begins

    by supor450 Apr 19, 2016 10:50 PM
    supor450 supor450 Apr 21, 2016 8:31 PM Flag

    How anyone refuses to hold any company responsible for incompetence, and transfer the blame to the customers who simply point out obvious deficiencies, is waaaaaaaaaaaaaay crazy.

  • Reply to

    Sold puts today

    by bkluck Apr 21, 2016 12:47 PM
    supor450 supor450 Apr 21, 2016 2:15 PM Flag

    Puts sale strategy makes a lot of sense at/near the bottom of the cycle.

  • Reply to

    New FTR customer in SoCal--the nightmare begins

    by supor450 Apr 19, 2016 10:50 PM
    supor450 supor450 Apr 20, 2016 8:23 PM Flag

    Benefit of the doubt---are you kidding, you don't understand that FTR is far from perfect? Are you for real? You are a longtime ftr investor with rose-tinted perceptions.

    The VZ Fios technician who came out today and is now part of FTR---he wasn't given advance notification, either. Was as surprised as the customers. Had to rip the Verizon sign off his van himself since neither VZ nor FTR planned detailed logistics in advance--this is how disorganized the transition was. The one year+ lead time makes this disorganized transition all the more glaring and comedic.

    My neighbors were all caught by surprise with absolutely no advance notifications--many are experiencing disruptions in service, particularly VOD and video libraries.

  • Reply to

    This is the most misunderstood stock

    by vvusforme71 Apr 19, 2016 7:43 PM
    supor450 supor450 Apr 20, 2016 2:51 PM Flag

    Operating losses in Q4FY15 (and likely in Q1FY16) reduce book value and, therefore, shareprice.

    Please don't misunderstand--CRC is highly levered to commodity prices as is evident by sharp movements with each swing in oil prices.

    That's the wild card--what is the trajectory of commodity price recovery? The longer it takes, the greater the erosion in book value.

  • Reply to

    This is the most misunderstood stock

    by vvusforme71 Apr 19, 2016 7:43 PM
    supor450 supor450 Apr 20, 2016 1:51 PM Flag

    As pointed out, I'm long CRC. Just don't like vague and muddy thinking where investments are concerned.

    The size of the company is no guarantee about value or survival--GM when Chap 11 in 2009, as did Enron, etc.

    In the oil sector, it's all about assets vs liabilities--as it has been for the past 1.5 years.

    Let's not forget that CRC, like several others, made an exchange offer to its subordinated debt holders for more senior debt--and, which included a haircut. It was, technically, a default. So, let's not gloss over the immense pressures in the sector, we're not out of the woods yet--as made clear by the disappointment out of Doha over the past weekend.

  • supor450 supor450 Apr 20, 2016 1:45 PM Flag

    "Fair market value for oil is at least 85.00."

    How did you arrive at this figure?

  • Reply to

    This is the most misunderstood stock

    by vvusforme71 Apr 19, 2016 7:43 PM
    supor450 supor450 Apr 20, 2016 12:25 PM Flag

    I'm long the stock, but let's not wander off into fantasy land.

    It's all simple numbers: CRC has liabilities (debt, among others) that currently exceed the value of its oil/gas assets. Asset values are based on underlying commodity prices, and which are currently very depressed--this means that the current asset values are also depressed. This is how creditors think, no different than a bank would view the value of the home securing a mortgage.

    It's all about commodity prices which determines CRC's net worth (assets - liabilities)--we need higher commodity prices.

  • Reply to

    New FTR customer in SoCal--the nightmare begins

    by supor450 Apr 19, 2016 10:50 PM
    supor450 supor450 Apr 20, 2016 12:03 PM Flag

    Let's not make excuses for lack of customer service and shift the burden to the customer.

  • Reply to

    New FTR customer in SoCal--the nightmare begins

    by supor450 Apr 19, 2016 10:50 PM
    supor450 supor450 Apr 20, 2016 11:43 AM Flag

    1. I haven't visited this mb in many, many months.

    2. You are saying that customers should tune in to a stock investment mb for company updates?

  • Reply to

    Going out of business

    by backdoor45 Apr 18, 2016 12:46 PM
    supor450 supor450 Apr 19, 2016 11:11 PM Flag

    You are grossly mistaken.

    Until April 1st, I was a Verizon home/Fios customer in San Bernardino county in California, located about 40 miles from downtown Los Angeles. I assure you that this isn't a rural area.

    Besides Fios, I also have Verizon Wireless service out here (4G/LTE)---ie, it most definitely is an option to cancel landline phone to go wireless.

    After tonight's session from Heck, the all wireless option is very appealing. What I've read about on this MB over the years about FTR's horrible customer service and operational incompetence is no longer an abstraction, but now a horrible reality (multiple transfers, not comprehending what the customer is describing, being routed to overseas call centers where the operators are very poorly trained and hard to understand, etc.)

    I know one thing as a customer (and former corporate manager)--when customers are as pizzed off to the extent that I experienced tonight in my first call ever to FTR customer/tech support, they'll constantly be thinking of jumping ship. What an amazing, eye-opening experience tonight on the phone.

  • Until April 1st, I was a long time Verizon customer--home and wireless, 20+ years.

    Today, I came home, called Verizon for tech support on my Fios wireless router, and heard from the recording that I've been sold to FTR.

    No advance notification by either party of the sale.

    Ok, deep breath---and, I call the FTR number provided by the recording. Suffice it to say that, 1 hour and 3 service reps later, I'm still on the phone--listening to elevator music now while someone (presumably) is scheduling a technician's service visit to my home, like I requested 15 minutes ago.

    I've visited this MB on/off for at least 5 years now as a (former) investor and, so, was well aware of FTR's horrible reputation for customer service and operational matters.

    Now, I'm living the FTR hell--and, it's only a few days into this new relationship. It's really eye-opening, and providing insights from a different angle into FTR as an investment--SELL.

  • supor450 supor450 Apr 11, 2016 9:18 PM Flag

    Hi calif_grl99,

    Enterprise is privately held--where did you find its financials?

    TIA

  • Reply to

    Last Dividend Announcement

    by dm1vanwa Apr 7, 2016 1:58 PM
    supor450 supor450 Apr 7, 2016 5:17 PM Flag

    "They just announce a 45 cents divvy per share."

    I'm afraid that you're on the wrong MB.

  • Reply to

    taxes

    by benspen1970 Apr 6, 2016 11:10 AM
    supor450 supor450 Apr 7, 2016 12:16 PM Flag

    No quite accurate.

    1. When you sell, your capital gains/loss is based on difference between selling price and adjusted cost basis of your purchase(s). See below.

    2. The distributions that you receive during your holding period--the part that's classified as a qualified dividend is taxable (15% for most, 20% for high tax bracket folks), and the part that's classified as non-dividend (a return of capital) is not taxable. The non-taxable portion reduces your cost basis. You find this info on your annual 1099.

    From CPLP's website, the per share breakdown for FY15 = $0.942 distribution = $.25018 qualified dividend + $0.69182 non-dividend (non-taxable, but reduces your cost basis)

  • supor450 supor450 Apr 4, 2016 12:13 PM Flag

    You're a wise man.

    When you argue with/reply to an idiot, you only feed his flame. These pathetic folks crave attention--any type, including abuse.

    Don't dignify them with a response--ignore them, and they'll shrivel up from neglect.

  • supor450 supor450 Mar 31, 2016 1:19 PM Flag

    "Hyundai Group put up 22.56 percent of the brokerage’s shares............... to rescue its affiliate Hyundai Merchant Marine, which is seriously short of liquidity."

    Liquidity vs solvency problems are quite different---with the implications for creditors/lease parties such as CPLP are certainly important. Contracts are much more difficult to break when the debtor has sufficient assets, even if illiquid, to pay--the creditor must first make efforts to liquidate assets to generate liquidity before creditors must make concessions.

  • Reply to

    HMM

    by ikkebinikke Mar 29, 2016 3:51 PM
    supor450 supor450 Mar 29, 2016 4:06 PM Flag

    The Korean economy is highly exported dependent, and HMM is the second largest Korean shipping firm and, therefore, strategically important in the national interest.

    So, I don't believe HMM will easily walk away from its obligations as there would be serious consequences going forward in terms of its relationship with, access to vessels and terms from vessel owners. The Korean government, via KDB, is known to have a major interest in the resolution of HMM's financial problems. Given HMM's strategic importance, might the Korean government/KDB provide a "bailout" with repayment terms such as what we had in the US with banks, General Motors, etc? (e.g., stock/warrant issuance, etc. to the government). Afterall, whether HMM's problem is liquidity or solvency, that shipping demand remains is an important fact.

  • supor450 supor450 Mar 29, 2016 3:59 PM Flag

    Thank you, play_tow.

    This type of post defines the value/purpose of a MB !

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