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CenturyLink, Inc. Message Board

tuffy_steeler 14 posts  |  Last Activity: Apr 17, 2016 11:03 AM Member since: Mar 26, 2010
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  • Reply to

    Here's why the S-3 filing now

    by theseriousinvestor Apr 16, 2016 8:41 AM
    tuffy_steeler tuffy_steeler Apr 17, 2016 11:03 AM Flag

    Lots of factual errors in your post

    1. you don't have to file a registration statement to do a private placement (non tradeable securities) . Most privates are for UNREGISTERED securities so you don't need a resistrtation.

    2. Private equity investors can't take advantage of the tax loss carryforwards. The IRS is very picky on the topic of carryforward losses. . Only an acquiring company can take advantage of NOL's and they have to essentially be in the same business (ie. oil and gas)

    3. Stock price may not go anywhere in the next 60 days unless another oil co buys the whole shebang or they sell the 26k at big bucks and even then it's a buyers market. (lets see what oil does tmw. after Doha)

    4. An equity offering, even in June may be at a discount to the mkt. for the common.

    I bullish but also a realist and I don't share your views.

  • Reply to

    Here's why the S-3 filing now

    by theseriousinvestor Apr 16, 2016 8:41 AM
    tuffy_steeler tuffy_steeler Apr 16, 2016 12:04 PM Flag

    yahoo sucks in terms of news updates

    go to nasdaq website
    type in gst
    on the left panel click sec filings

    they filed at 4 pm Friday

  • Reply to

    Here's why the S-3 filing now

    by theseriousinvestor Apr 16, 2016 8:41 AM
    tuffy_steeler tuffy_steeler Apr 16, 2016 9:41 AM Flag

    the next few weeks should be interesting.

    If you are correct regarding the suspension of dividends I can't really see any meaningful capital raise in the short term .........2 weeks as you mentioned.

    ..Since this is a mixed shelf, the management can do most anything. But the short term limitation is the number of authorized common shs. I doubt they'll issue new debt or another series of pfds. The A and B are still the most senior and having to pay junk bond interest rates or dividends would be a drain and Issuing common under the common share authorization is difficult as it won't raise much more than ~$200 mil.

    Even issuing converts is a problem with the auth share limitation.

    The proxy statement increasing the number of auth. shs won't have an affect until June 16-the annual meeting date.

    Maybe this is a ploy to sell the company or keep the banks more flexible. . That makes some sense.

    Bottom line I can't see a series of small capital raises. Either sell the 26k acres or sell the company

  • Reply to

    MRO or WLL

    by manoj.1551 Apr 8, 2016 1:38 PM
    tuffy_steeler tuffy_steeler Apr 12, 2016 11:20 AM Flag

    MRO should buy GST- 110,000 acres in the STAck

  • tuffy_steeler by tuffy_steeler Apr 4, 2016 8:46 AM Flag

    downgrade

  • Reply to

    Oil

    by tuffy_steeler Mar 21, 2016 8:46 AM
    tuffy_steeler tuffy_steeler Mar 21, 2016 2:49 PM Flag

    tough for the coal industry--nat gas is a coal killer (aside from Obama). I wrote the May 27 calls..

    Q 1 will be out in a month--can't be good

  • tuffy_steeler by tuffy_steeler Mar 21, 2016 8:46 AM Flag

    lower fuel helped these guys deal with the fall off in coal tonnage. Now oil is headed higher--I think q 1 and q2 will suck.

    Great company but no takeover--should trade below 25 till the 3rd Quarter

  • Reply to

    fraziord

    by marcellusgashound Mar 7, 2016 10:15 AM
    tuffy_steeler tuffy_steeler Mar 7, 2016 11:33 AM Flag

    some of your points can be argued with (the flexibility of the banks on the revolver) but who cares to argue until we see the size of the new revolver

    You totally negect the possible value of the STACK--i.e., joint ventures, outright sale of a portion of the acreage or total sale of the company. GST is not another Sandridge or Chesapeake.

    I believe the bondholders and the pfd holders will be made whole. we'll see

    Hearing MRO is looking at the Stack

  • tuffy_steeler by tuffy_steeler Mar 7, 2016 10:59 AM Flag

    pfd divs usually announced by the 4 or 5th

    I know the weekend but no news yet

    Just wondering if they are in talks with the bank for a waiver. Maybe the second well results are in

    who knows

  • tuffy_steeler by tuffy_steeler Mar 1, 2016 4:09 PM Flag

    he would have deported FF and every other guinea in the U S

  • Reply to

    Nowhere To Go But Up And Seriously So!!!

    by dallaslasternizi Feb 18, 2016 5:05 PM
    tuffy_steeler tuffy_steeler Feb 19, 2016 8:24 AM Flag

    a few things

    1. JT's downfall was his lack of forward progress- revs have been flat for years- while continuing to burn cash

    2. what did him in was the margin call from Deutsche-- he borrowed against his shs and got screwed- hedge funds had NOTHING to do with it.

    3. as for spin offs etc.--these guys have a liquidity issue now that has to be addressed-that's why its 20 cents

  • tuffy_steeler by tuffy_steeler Feb 18, 2016 2:53 PM Flag

    if the LTC reserves are adequate going forward

    and if the LTC rate increases are approved

    this will be acquired by either a P E firm or an ins co.

    I can see 8 bucks

  • Reply to

    OP EX is today...

    by frankfrazzano Feb 18, 2016 11:13 AM
    tuffy_steeler tuffy_steeler Feb 18, 2016 11:19 AM Flag

    technically its Sat 11 59 am

  • Reply to

    Schwab rating change

    by gatr55 Feb 15, 2016 8:56 AM
    tuffy_steeler tuffy_steeler Feb 15, 2016 1:27 PM Flag

    silly

    fully reporting company

    current on all 10 Ks and 10Qs

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