resident LIAR aka jimjones62,
I see you continue posting LIES about NSLP here. You admitted that you have shorted NSLP about one month ago and this is why you have been posting lies about NSLP in every board over the last two months. Unfortunately for you, the balance sheet and the presentation is there. Sorry, pathetic LIAR.
resident LIAR aka jimjones62,
The board is really disgusted of your repeated LIES and THEORIES. Aren't you tired of doing so for two months now?
7 different posters here have been posting NUMBERS about DCF and EBITDA and FCF. To face them, you keep posting THEORIES and LIES.
All have asked you several times to post excerpts and facts from the balance sheet and the company's presentation, but you have never done so.
You are more disgusting than a worm.
resident LIAR aka jimjones62,
you have been trying hard during the last weeks to prove 7 different posters here wrong although these posters post NUMBERS and FACTS from the presentaiton and the reports.
And more importantly, you try to prove these posters wrong but you have NEVER posted excerpts or facts or numbers. You try desperately to impact the investor sentiment by repeatedly posting LIES and THEORIES just because there are not any facts from the quarterly reports that support your allegations.
I have asked you again and again to post the FACTS, but you have never done so.
Shame on you. I save my spit because you do not deserve it.
Wish EOX works for you and it will not follow AMZG that also drills in the Williston Basin and went broke. I think the Bakken players receive for their oil about $10 less than WTI, correct? WHat is the discount now?
I am obviously an income seeker who wants to play it safe. EOX has too much debt I think. At least for my investing criteria.
For those folks who want to play the Upstream while receiving 15% secured dividend, see New Source (NSLP).
NSLP has an Upstream division that produces 4,000 boepd same like EOX and benefits from the rise in oil and nat gas prices, and an Oilfield services division which generates most of the company's revenue and EBITDA.
Enjoy NSLP's 15% dividend, sit and wait for the oil price to rise. Safe and secure.
NSLP has also very low leverage ratio too. Net Debt to adjsuted EBITDA is well below 2 times.
are you still watching? The bank debt now is only $43 million now, the leverage ratio has dropped down to 1.7 times pro forma the preferred convertible shares.
5% dividend, 47% insiders ownership, profitable, very low multiples, DEBT-FREE, a dividend hike is coming according to the company.
In the US, HWO.TO trades under HGHAF ticker. Go to Seeking Alpha to read a TOP IDEA article about High Arctic to see more about it.
I also own New Source (NSLP) an MLP with 12% dividend.
Good luck to all the longs.
This price of $6-$7 does not make sense to me and any knowledgeable investor when I can buy debt free stocks with higher production and lower EV due to the correction in the energy markets.
Even if Oyo-7 produces another 7,000 boepd, ERN is a very risky and very expensive stock now.
Those who still hold it at the current sky high levels do not realize that they hold a bomb but they might get it suddenly one day.
Enjoy the high dividend and trust this team. This mgmt team has been very acquisitive and now thanks to veteran Larry Lee, things have become even better. They know their stuff. The Upstream division will see much better gains in Q2 2015 and later thanks to the significant rise in natural gas and oil prices compared to Q1 2015. The OFS division will also move according to the latest guidance.
Currently, and thanks to the convertible preferred, NSLP has very low Leverage Ratio now and low key multiples compared to the other MLPs.
Your LIES really disgust me, because "Scripta manent".
Your posts and your statements are here at this board and now you come to deny them while continuing your theories, as usual. It was YOU who was claiming all these clueless things, the board members can easily your posts at the older dates.
In terms of the interest rate, read the REASONS and WHEN it escalates. Read the DATE and the YEAR, LIAR.
In terms of the senior notes, the company stated that the interest expenses IN TOTAL was between $0.9 and $1M in Q1 2015. That debt (bank and notes) and the interest expenses associated with it, has been halved after the preferred. They have been included in the equation above, but I know that this equation hurts your agenda. You do not like these facts.
Your LIES really make me sick.
To all NSLP holders of common units:
OFS division: ~$23M adjusted EBITDA in 2015, according to the latest guidance.
Upstream division: At least $13M adjusted EBITDA in 2015, given that oil and nat gas prices have risen 20% from Q1 2015 and will continue rising during the remainder of 2015.
For reference, the Upstream division made $2.3 million in adjusted EBITDA in Q1 2015 when WTI was at $50 and natural gas was at $2.5/mmbtu.
NSLP's total adjusted EBITDA in 2015: $35 - 36 million.
Maintenance Expenses for 2015: $4 million (see the company's latest guidance).
Interest Expenses for 2015: $2 million for the remaining bank debt of $43 million, because it was $4 million annually when the bank debt was $84 million. See company's previous PR.
Payment to Preferred for 2015: $4.8 million (11% for $44 million preferred stock).
DCF for 2015: 35 - 4 - 2 - 4.8 = $24 million.
This is more than enough to allow NSLP to pay distribution $0.20 per quarter, which is $13 million per year. NSLP can use the remaining cash to acquire other companies or reduce further the bank debt of $43 million.
This also means that the yield for the common units is 14% now (!!!!!), and I do not really care even if NSLP trims the distribution somewhat and the annual yield goes down to 7%. Even 7% is high and fine for me because I focus on the capital gains.
jimjones62 resident LIAR of this board,
First, see the other thread where I summarized your latest LIES.
Second, read the report to understand what is going on with the preferred and why the current price of ~$5.5 is a great entry price, given that the conversion is at $6.61/share (25/3.7821):
" Preferred Units Offering. On May 8, 2015, we completed a public offering of $44.0 million of our Series A Preferred Units at a price of $25.00 per unit. The Series A Preferred Units are cumulative convertible preferred units that are entitled to receive quarterly cash distributions at the rate of 11.00% per annum. The Series A Preferred Units are convertible into our common units on any January 1, April 1, July 1 or October 1 by the holder and we may elect to convert the Series A Preferred Units into our common units on or after July 15, 2018 in certain circumstances. The initial conversion rate for the Series A Preferred Units is 3.7821 common units per Series A Preferred Unit and mandatorily redeemable by the holder on or after July 15, 2022. We will redeem all of the Series A Preferred on July 15, 2022 at a redemption price equal to the liquidation preference of $25.00 plus an amount equal to accumulated but unpaid distributions thereon. If we do not redeem the Series A Preferred Units on July 15, 2022, then the per annum distribution rate will increase by an additional 2.00% per month until such redemption, up to a maximum rate per annum of 20.00%. "