More than the Mother of Short squeezes. Up +70% and after hours up more. Now we're calculating the worth of all the potential drilling sites with a JV. Wow what fun. Imagine when they hit big on a well. Wheeeeee
Spot rates involve many factors. I read a detailed report about it and was quite shocked how inefficiently it works. How many ships are available near the port, type of ship, age of ship, the bidding process, and the owners are at an information disadvantage compared to the ones getting the bids.
If Greece raises the tax too high all the ships will leave and go to Marshall Islands.
Wouldn't it be great if your joke of a post
actually convinced people to sell shares to me.
Keep trying, I'll keep buying. (actual PE 7)
They advertise they are the "Uber of Trucking". Got my attention, but I don't see anything but a web site. No revenue, no nothing, can't even see what it is they actually do except they have some kind of app idea. I don't think I'd actually use them to ship anything.
What is LINE/LNCO's value now that the magic distribution is gone?
If you take management numbers 3,861,329,000 shareholders capital / 355,204,907 shares = 10.87 per share
But that's based on, among other things, the 'land valuation' after depreciation.
Another valuation method uses PV-10 for the proved/probable energy. LINE states 7.3 T cu ft equiv. which if we use $2 net per K cu ft gets 14,600,000,000 minus 10% = 13,140,000,000 minus non-current liability 10,910,691,000 (according to the latest q report) leaves 2,229,309,000 or $6.27 a share. But we all know the 7.3 T includes oil assets. I suggest LINE provide a breakdown of the reserves by oil/liquids/gas so investors can get a better idea of valuation.
The Blackstone/GSO & Quantum deals help themselves to the land, invest in wells and get their money back and then some. The deals really only helps LINE in the out years (assuming the wells still produce).
Only 12 million shares short, if 2 million were covered it wouldn't make much difference now, sellers now are mostly disenfranchised longs.
Yeah, another stock I loaded up on
LINE bought back $599,000,000 in bond debt at a 35% discount, reducing debt.
16 more deals like that and they'll have no more debt.
Prediction: after the initial shock wears off the pps moves back up.
Yes, it bites now but this sets the stage for real gains later. Buying back debt at a 35% discount!! Awesome!! Keep doing that and LINE pps will be back above $30 (especially when natgas moves up from liquid exporting in 2016). Hang on now, for the next 2 months income type investors are selling to the capital gains type investors.
MHR common pps spent 9 months in 2009 below the $1.00 NYSE de-listing threshold.
[Afterward it rallied 10x or better.]
My question: How did MHR stay listed on the NYSE in 2009? Comparisons to 2015?