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To: straight life who wrote (106951)3/2/2012 9:07:15 PM
From: tom pope
of 118357
 
As kyros has pointed out,, this may be the key.
Shorts may be infidels, but they know how to read.

I would be careful with this company as it has gas dominated production.

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To: Mark Mandel who wrote (106944)3/2/2012 9:15:11 PM
From: 2ndrecon
of 118357
 
I bought back shares I sold. Will buy back shares at 6.50 then 6 if it gets there. Oil going down 2.50 put down a lot of oil stocks today. I would be surprised if oil goes back to WTI 95.

Paul

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From: 2ndrecon3/2/2012 9:18:44 PM
of 118357
 
Comments.ATPG been creeping back gulf is back to drilling just at a slower pace 2 extra months for permits.
extras cost also but we don't need that mess to happen again.

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From: 2ndrecon3/2/2012 9:40:46 PM
of 118357
 
US will not revoke LNG exports to control prices-DOE




If we start shipping LNG next year that should push NG up over 3. $3.50 would be a lot better for the gas drillers
this would be great for us to help are allies in the Euro zone.







Related News











Thu Mar 1, 2012 1:36pm EST


* DOE says "reluctant" to revisit gas export approvals

* Lawmakers raising concerns about impact of exports

* EPA asked to ensure enviro analysis includes fracking

By Ayesha Rascoe

WASHINGTON, March 1 (Reuters) - The U.S. Energy Department will not attempt to control natural gas prices by revoking approvals granted for gas export terminals, a department official said, as lawmakers and green groups stepped up their attacks on attempts to send U.S. gas abroad.

The department has argued that federal law gives it the authority to revisit liquefied natural gas export applications it has approved, but Deputy Assistant Secretary Christopher Smith said the department would be hesitant to use this power.

"DOE does not ... intend to use this authority as a price maintenance mechanism," Smith said in a letter to Congressman Edward Markey released Thursday.

"DOE would be reluctant to withdraw or modify a previously granted authorization, except in the event of extraordinary circumstances," Smith added.

The export of natural gas has quickly become a hot button political issue as lawmakers, environmentalists and trade groups argue over how to use the country's newfound natural gas bounty.

The Energy Department has already approved one export application from Cheniere Energy for its Sabine Pass terminal, and other companies including Southern, BG , Dominion and Sempra have also requested permission.

FUEL OF FUTURE

Approving these terminals would raise prices for domestic consumers and undermine the nation's transition away from coal and foreign oil to cleaner natural gas, according to a report released by Markey on Thursday.

Markey, the top Democrat on the House Natural Resources Committee, has led the charge against expanding the export of natural gas, including introducing legislation that would block gas exports.

"We really have a chance ... to use natural gas as our fuel of choice in the future," Markey said at a forum on fossil fuel exports.

Gas drillers have warned that constraining exports would limit production by making development unprofitable. Some companies have already begun to cut back on production because of the current gas glut.

Natural gas exports to all but the countries that have free trade agreements with the United States require the Energy Department's approval.

The department is conducting a study due out later in the spring that would analyze the economic effects of allowing more exports. The department has said it would not approve more applications until this report is completed.

CONSIDERING FRACKING

Advances in drilling techniques have allowed U.S. drillers to tap the nation's vast shale gas reserves, opening the door to gas exports when just a few years ago industry was expecting the United States would need to import natural gas to meet demand.

Environmental groups concerned about pollution from shale gas production and a drilling technique known as hydraulic fracturing have launched their own campaign to stop export projects from going forward.

The Sierra Club and other green groups on Thursday asked the White House Council on Environmental Quality and the Environmental Protection Agency to make sure the federal government analyzes the environmental impact of shale gas production before approving terminals.

Previous evaluations of gas export terminals have not assessed the consequences of natural gas development.

"With the health of our communities and our environment at stake, it's up to our leaders at EPA and other agencies to keep their commitment to protecting Americans from the toxic threats to our air and water that come with liquefied natural gas," said Michael Brune, executive director of the Sierra Club, in a statement.

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To: tom pope who wrote (106932)3/2/2012 10:05:37 PM
From: E_K_S
of 118357
 
When is a "default" not a default . . . when they call it a "distressed exchange".


Greece Ratings Cut by Moody’s
bloomberg.com

From the article:"...Moody’s dropped Greece’s rating to C from Ca late yesterday, saying in a statement that investors who participate in the nation’s debt exchange will get about 70 percent less than the face value of their holdings. The deal constitutes “a distressed exchange, and hence a default,”the New York-based rating company said...."

----------------------------------------------------------------------

Moody's said that the country faces a high risk of default even if the plan is successful. I wonder what that will be called. It's sort of like being somewhat pregnant.

EKS

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To: 2ndrecon who wrote (106957)3/3/2012 8:10:38 AM
From: Dale Baker
of 118357
 
ATPG has major debt issues which make it a very high-risk play. Be careful.

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To: Dale Baker who wrote (106960)3/3/2012 11:06:47 PM
From: Robohogs
of 118357
 
ATPG

Dale - I made some comments on ATPG over on Boom Boom. I agree with issues but I think they should be ok until 12-18 months prior to bond maturity. My big issue is that they cast low from ops pretty well but they seem to need to spend tons of Capex just to run in place. If that continues, they will eventually default. My guess however is they get over hump with the new cluster next quarter. It also depends on management's aggressiveness with the balance sheet.

Jon

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From: Dale Baker3/4/2012 4:05:42 PM
of 118357
 
50% GAINS PORTFOLIO – MARCH 3


KEY RATIOS:

TECH – 2%


NON-TECH – 45%

CASH – 53%



BONDS - 0%

OPTIONS – 0%

LARGE CAP U.S. STOCKS – 0%

SMALL/MIDCAP U.S. STOCKS – 23.5%

INTERNATIONAL STOCKS – 23.5%



IN: SD (10), NM (5), SWSH (5), FXEN (6.11), EPAM (13.83), GWAY (14.4), RPXC (20.16), CETV (7.5)


OUT: SSN, PER


REDUCED POSITION: PVDRF


ADDED MORE: None

TOP TEN: TOP TEN: MHR, LNZNF, DRH, GBTZF, GUKYF, EPAM, GWAY, NATDF, LQDT, SBSNF. **Percentage of total portfolio: 27%. Top five holdings: 20.5%. Total portfolio: 31 companies (stocks, options, bonds, funds and shorts).

CURRENT SHORTS, SHORT ETFS AND PUTS: None


LOSS REPORT: This month: 14 stocks/0 options in the red - losses equal 4.7% of the portfolio, market value 11% of the portfolio (This month: 15 stocks/3 options in the red - losses equal 4% of the portfolio, market value 10.5% of the portfolio)

SECTORS: Energy 25.5%, Transportation 5%, Retail 4.5%, Finance 3%, Mining 1.5%, Software 1.5%, Healthcare 1.5, Infrastructure 1.5%, Internet 1%, Real Estate 1%, Hardware 0.5%, Europe 0.5%, Broadcasting 0.5%, Cash 53%.

HOLDINGS:



CATEGORY - STOCK (COST BASIS updated periodically to reflect averaging into positions)



ENERGY – CAAEF (.66), CENJF (15.75), CLLZF (1.05), EPM (5), FXEN (6.11), GUKYF (3.49), MHR (.49), NATDF (1.91), PVDRF (4.7), RCKHF (4.82), SD (10), SDRL (21.2), SLGYF (.58), SSN (1.39)



TRANSPORTATION - DRH (7.98), GBTZF (1.48), KNCRF (42.2), NM (5)



RETAIL - LNZNF (132), LQDT (20.36). PRMW (5.1)



FINANCE - SAXPF (30.5)



MINING/MATERIALS - AMHPF (4.75)



SOFTWARE – EPAM (13.83)



HEALTHCARE – GWAY (14.4)



INFRASTRUCTURE - RPXC (20.16), SWSH (5)



INTERNET - SBSNF (27.3)



REAL ESTATE - HFF (13.99)



HARDWARE – PSDMF (2.54)



EUROPE - WNDLF (87)



BROADCASTING – CETV (7.5)



INTERNATIONAL STOCK LIST (19 stocks): AMHPF, CAAEF, CENJF, CETV, CLLZF, FXEN, GBTZF, GUKYF, KNCRF, LNZNF, NATDF, PVDRF, PSDMF, RCKHF, SAXPF, SBSNF, SDRL, SLGYF, WNDLF.



Africa/ME - GUKYF

Australia -

Asia - CENJF, GBTZF

Europe - CETV, FXEN, KNCRF, LNZNF, NATDF, PVDRF, PSDMF, SAXPF, SBSNF, SLGYF, WNDLF

Latin America - AMHPF, CAAEF, RCKHF

Bermuda – SDRL

Canada - CLLZF



**Monthly update on YTD performance February 28, 2012: +9% YTD.



Dow +6% YTD, SP500 +8.5% YTD, NASDAQ +14% YTD.



**Last 12 Months: Portfolio -14%, SP500 +3%.


FEBRUARY 2012 MARKET COMMENTARY



The markets remained strangely quiet, tacking another 3-4% without the sudden spikes or volatile swings that marked the market mood in the second half of 2011. Volume continues to be light, leading some analysts to wonder if there isn’t a quiet “distribution” pattern underway, with longs clinging to a shrinking number of market leaders and broader selling in less-known names. The fact is, there is more guesswork than firm answers, just like last month.



Top recession-predicting firm ECRI stands by its declaration that the US economy is headed back to recession despite steady progress in most economic indicators. I won’t believe it until key measures like employment and the ISM numbers actually head south. In fact, the weekly measure of new US unemployment claims is coming in at multiyear lows, a very positive signal for the overall economy.



The early 2012 US earnings season is largely done now, with no major worries or problems emerging to torpedo overall market confidence. Our top holding, MHR, reported solid progress on most fronts, with the exception of the weak natural gas price causing them to re-orient most of their capex in 2012 to oil and NG liquids development. Overall, their target production rate for late 2012 has already risen from 12K barrels per day to 16K, and could go higher still with more success at the drill bit.



I am still unconvinced that I should abandon my overly cautious market stance since mid-2012. While the US isn’t looking bad and the Europeans seem to be plugging the holes in their leaky dikes, we are hardly back in boom times either. The latest US GDP revision to a 3% growth rate in Q4 2011 was encouraging but not a barn-burner.



Now that earnings reports have given us a clearer picture where many companies stand, easing back into individual stories still strikes me as the most prudent path. The March-May period is often treacherous in the markets, and I doubt this year will be an exception.


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To: Dale Baker who wrote (106962)3/4/2012 4:59:29 PM
From: JSB
of 118357
 
Are the purchase prices for NM and SWSH correct? I don't think either
of them touched those prices this last week.

Nice to see you get in one of my stocks. I'm looking at CETV, interesting,
quite the money machine.

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To: JSB who wrote (106963)3/4/2012 5:07:32 PM
From: Dale Baker
of 118357
 
I picked up some shares like NM and SWSH from options sales in the past, just dribs and drabs, not a huge fan of either at the moment but they could pick up later this year.

CETV is a very good franchise operating in uncertain times. Their last ER was better than I expected but the stock is volatile, no doubt.

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