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Cadiz Inc. Message Board

xds58 7 posts  |  Last Activity: Dec 12, 2014 5:04 PM Member since: Mar 26, 2002
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  • Any guesses on why CPE up today? Maybe on Fred Callon's presentation yesterday, which was after mkt close? Something in breakout?

    I see the Pioneer caption, but what's that based on? Callon has been an obvious target for some time, but they have liquidity to last into 2016, why would they sell now with oil below $60? They don't have to, at least not yet.

  • I see the Pioneer caption, but what's that based on? Callon has been an obvious target for some time, but they have liquidity to last into 2016, why would they sell now with oil below $60? They don't have to, as best I can tell. The time to sell was back when it was above $10.

    The company spoke at Cap One conference yesterday - maybe something was said in the breakout? Also, an insider buy yesterday. All that info was available yesterday, but maybe slow reaction?

  • Reply to

    Had to buy more today below $69

    by newelectricfan Dec 8, 2014 2:44 PM
    xds58 xds58 Dec 8, 2014 5:59 PM Flag

    Is that data on the Bloomberg paid service or the website? Most of us won't have access to the paid service.

    That said, taking an avg spread at a moment in time misses the fact that spreads constantly widen and narrow, that regional pricing varies widely, that demand likely to improve w gas at pump lower, that price pass through to consumer typically delayed widening crack spread, in addition to new investments coming on stream and share repurchase - in other words there are a number of variables you're ignoring.

  • Reply to

    Wow-almost 6 mil shares already

    by boat9man Nov 20, 2014 2:21 PM
    xds58 xds58 Nov 21, 2014 1:12 PM Flag

    interesting, thanks, didn't know that

  • Reply to

    Wow-almost 6 mil shares already

    by boat9man Nov 20, 2014 2:21 PM
    xds58 xds58 Nov 20, 2014 3:39 PM Flag

    I find this to be a total head scratcher - even the slightest bit of research and a holder would know the game plan here is to build out the portfolio with periodic equity issuance - did this catch holders of 6 million shares off guard? What justifies this kind of transactional volume? And if in fact there have been 6 mil shares sold, who bought them.

    All i can figure is that some portion of the volume is same person or bot day trading. But even with that it's hard to figure.

  • Reply to

    Declining Net Income on A Rising Revenue Base

    by gp5561 Nov 14, 2014 7:47 AM
    xds58 xds58 Nov 14, 2014 4:14 PM Flag

    I believe it is partly the 9.7 mil gain sale of nat gas hedges. If you pull up the MD&A discussion on SEDAR it breaks out the various gains and losses in other income. Net net, its about a $5 mil gain the quarter. But then they indicated there were a few non-recurring costs in the other segments - so maybe it's more like a $3 mil one time benefit to EBITDA?

    Would be terrific if MFC broke out these numbers so we didn't have to guess, but I think from their standpoint there are going to be non-recurrings of one sort or another every quarter, and over time they probably average out. I think the operational improvements will happen over time, the question is how long will it take. From the little I've seen Mr. Cortina is a much more hands on operating guy than M. Smith was, but takes time to improve a complicated multi continent business like this one.

  • Reply to

    earnings

    by booboomarley Nov 5, 2014 7:26 AM
    xds58 xds58 Nov 5, 2014 8:22 AM Flag

    They're pretty well hedged for qtr and oil prices dropped in Oct anyway - so qtr prob. is decent (FANG and PXD both beat) - that said, this isn't trading on earnings, it's trading on oil, just like the rest of small and mid cap names - so stock will move with oil.

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