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The total number of shares of common stock, par value $0.001 per share, outstanding as of March 11, 2015 was 80,195,695
The total number of shares of common stock, par value $0.001 per share, outstanding as of August 1, 2017 was 213,947,634.
This means over the last 29 months GST has increased the number of shares on the street by a whopping 133,751,939 MILLION shares.
Can you spell 'dilution'?? Think flood!
Does this matter? Of course it does. The GST equity 'pie' was sliced up into 133 million more pieces.
Dilution matters to an investor. Day traders? not so much.
Marker:
Gastar Exploration (GST)
$0.6502 up 0.0431 (7.10%)
Volume: 1,052,205
Marker;
Gastar Exploration 8 (GST-A)
$12.1 up 0.38 (3.24%)
Volume: 19,432 @ 10:39:26 AM EDT ET
*dividends for August 2017 will not be paid.
**price of WTI crude is currently $48.71 @ bbl.
Marker;
Gastar Exploration I (GST-B)
$15.21 up 1.01 (7.11%)
Volume: 17,485 @ 10:34:17 AM EDT ET
*dividends will not be paid for the month of August 2017.
**price of WTI crude is currently $48.71 @ bbl.
The ship is sinking Carroll...still think you're belligerent style of management is the way to run a refinery??
Marker:
Blue Dolphin Energy (BDCO)
$1.46 down -0.44 (-23.16%)
Volume: 1,725
If you're a holder of the AICPQ certificates and or AICIQ equity certs and you would like to sell them lets talk.
Snapshot Marker:
Fairmount Santrol Ho (FMSA)
$3.35 down -0.52 (-13.44%)
Volume: 8,793,170
*The current price of WTI crude is $46.93 @ bbl.
In Dec. of 2009 , following the near depression and subsequent banking crisis of 08/09, the stock was at a multi-year low of $3.78.
This bank was one of the few that was not under-capitalized during those precarious days. WAMU was in a free fall and so was Lehman Bros...et al. Fear of anything spelled b-a-n-k was rampant the market reaction to anything that looked like a bank took no prisoners and WAL stock was severely punished along with the failing banks.
WAL has bounced back over the last 8 years from that $3.78 low to a high of $51.64.
Can you spell 13.66 Bagger! This bank had a remarkable "recovery" because it was never sick in the first place.
The PPS is at a 12 year high...quite possibly an all time high.
Marker:
Western Alliance Ban (WAL)
$48.73 down -0.06 (-0.12%)
Volume: 173,392
Marker:
United Development F (UDFI)
$2.75 down -0.25 (-8.33%)
Volume: 40,625
*big volume today.. and to the downside....makes me nervous.
Marker,
Tri-valley Bank (ram (TRVB)
$0.75 up 0.15 (25.00%)
Volume: 375
The day is coming soon when this stock will be de-registered. No advance warning will be given.
No banks right now but if this O&G play on frac sand interests you and you want to get something to buy and hold for your children or grandkids take a look at TPL. Its not a traders stock...purely long haul investment. You buy it - you stash it away.
The story on what this is is one of the most interesting situations on Wall St. Fascinating stuff.
Marker:
Select Sands Corp. ( (SLSDF)
$0.5163 down -0.0752 (-12.71%)
Volume: 290,456
*Current PPB of WTI Crude is $44.42.
I think aluminum the metal will only increase in usage over time, its future is virtually indisputable, but the question is can this team profit from it??
As you said its fairly clear by now that the best "team" isn't on the field.
Marker;
Real Industry, Inc. (RELY)
$2.65 0.0 (0.00%)
Volume: 267,088
Producers continue to compete for storage.
WTI currently $45.95 @ bbl.
No amount of cheerleading will reverse global sentiment.
Buy the dips and wait for better days.
Marker:
Gastar Exploration (GST)
$1.03 down -0.06 (-5.50%)
Volume: 1,539,917
The $44MM GEL is seeking is the total of the "counter" claim(s) which suggests BDCO initiated the suit ??
If true I see no mention of the amount [in damages] BDCO is seeking.
The lack of detail from the CEO is typical.
The question/comment I have for Carroll is - GEL is saying they suffered significant losses doing business with BDCO..could the same be said from BDCO's viewpoint?? ..and if so how material were our losses ??
Somebody or something clearly started this dispute. If Carroll & co aren't guilty they sure don't project innocence. The longer this goes the more nervous I get. ":~O
Marker:
Blue Dolphin Energy (BDCO)
$2.70 up 0.01 (0.37%)
Volume: 200
Marker:
Western Alliance Ban (WAL)
$45.92 down -0.09 (-0.20%)
Volume: 1,062,347
* This bank is a 8 bagger over the last 6 years. PPS 9/2011 was $5.48
Marker:
Sierra Bancorp (BSRR)
$25.17 down -0.09 (-0.36%)
Volume: 13,898
Marker:
Community Capital Ba (ALBY)
$2.15 down -0.04 (-1.83%)
Volume: 1,472
Marker:
First Sound Bank (se (FSWA)
$0.065 0.0 (0.00%)
Volume: 0
Marker:
Matador Resources Co (MTDR)
$23.89 up 1.19 (5.24%)
Volume: 4,691,921
Marker:
Farmers & Merchants (FMCB)
$600.00 down -5.0 (-0.83%)
Volume: 32
Marker:
Atlantic Coast Finan (ACFC)
$7.60 down -0.08 (-1.04%)
Volume: 7,644
Marker:
Ohana Pacific Bank ( (OHPB)
$7.00 0.0 (0.00%)
Volume: 0
Marker:
Hanmi Financial Corp (HAFC)
$27.80 up 0.3 (1.09%)
Volume: 106,543
* I have a hunch (albeit baseless) one of these Korean banks will be interested in FSWA out in Seattle. FSWA is a single branch bank in downtown Seattle which is in the highly competitive desired 'sweet spot' Korean banks would like a larger footprint.
Marker:
BCB Bancorp (NJ) (BCBP)
$15.75 0.0 (0.00%)
Volume: 19,026
Sandy Spring Bank announces deal to buy WashingtonFirst for $489M
May 16, 2017, 9:00am EDT
Olney-based Sandy Spring Bank is buying Reston-based WashingtonFirst Bank for $489 million in stock, a move that will expand the Maryland bank's footprint in Virginia.
The deal, announced Tuesday morning, works out to about $35.50 a share for WashingtonFirst, a 23 percent premium on its Monday closing price of $28.84.
Sandy Spring Bancorp Inc. stock (NASDAQ: SASR) dropped about 5 percent this morning on the news, falling $2.10 per share to $40.62. WashingtonFirst Bankshares Inc. stock (NASDAQ: WFBI) shot up nearly 19 percent, about $5.46 per share to $34.30 per share.
WashingtonFirst shareholders will get 0.8713 shares of Sandy Spring stock for each share they own, based on a Sandy Spring Bank share price of $41.89. The deal is expected to close by the end of the year.
After the deal, Sandy Spring will have a total asset base of $7.5 billion, making it larger than rival Eagle Bancorp of Bethesda but smaller than United Bank, with dual headquarters in McLean and West Virginia, based on 2016 figures.
[....]
http://www.bizjournals.com/baltimore/news/2017/05/16/sandy-spring-bank-announces-deal-to-buy.html
Marker:
Washingtonfirst Bank (WFBI)
$33.90 up 0.06 (0.18%)
Volume: 120,177
Marker:
SVB Financial Grp. (SIVB)
$180.48 up 3.86 (2.19%)
Volume: 415,310
No.
Keep in mind MCM's tender offer(s) fell woefully short of producing a 5% stake.
Does that mean they abandoned their goal to acquire that stake? Not at all..if anything they abandoned their low ball strategy.
I don't know if that's what we're seeing here ..and they aren't saying.. but its a plausible explanation.
Whatever it is...I like it! ;)
Marker:
United Development F (UDFI)
$3.75 up 0.75 (25.00%)
Volume: 70,458
Marker:
Lendingtree, Inc. (TREE)
$157.225 up 3.025 (1.96%)
Volume: 133,682
Will first NBC bank get bought out? And if so what you think payout to share holders could be
If you compare a 3 month chart for WTI crude and GST you'll see a direct connection. They mirror each other. Crude started dropping in early March which is when GST began its' slide.
GST just paid dividends to both issues of Preferred stocks which have been trading just below par @ $23. They too took a dip in March but remain strong. One year ago they went as low as $4.
There are days it makes you scratch your head but it's all about the crude.
Inventories remain near record highs. Supply is smoking demand almost 2 to 1.
As long as that remains to be the story this will be range bound imo.
Bad news doesn't get better with time...so admittedly I'm nervous.
But I'll hold for another 4 weeks.. and if we still don't see definitive answers then I'm done.
United Development F (UDFI)
$2.40 up 0.05 (2.13%)
Volume: 31,722
Nothing publically known to venture a guess. Volume, or the lack of, can be misleading. However, I do think there has been ample time now to have figured out where things stand.
Its time to roll out the naked facts good or bad.
Marker:
United Development F (UDFI)
$2.10 down -0.2 (-8.70%)
Volume: 1,884
SLSDF just purchased a rail yard!!!!
Liberty Oilfield Services postpones $250 million IPO
May 04, 2017, 06:17:00 PM EDT
Liberty Oilfield Services, which provides hydraulic fracturing services for the oil and gas industry, postponed its IPO on Thursday. It had filed to raise $250 million by offering 20 million shares at a price range of $12 to $13.
The Denver, CO-based company was founded in 2011 and booked $375 million in sales for the 12 months ended December 31, 2016. It had planned to list on the NYSE under the symbol BDFC. Morgan Stanley, Goldman Sachs, Wells Fargo Securities, Citi, J.P. Morgan and Evercore ISI were set to be the joint bookrunners on the deal.
The article Liberty Oilfield Services postpones $250 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Source:
http://www.nasdaq.com/article/liberty-oilfield-services-postpones-250-million-ipo-cm784668
Marker;
Select Sands Corp. ( (SLSDF)
$0.914 up 0.07275 (8.65%)
Volume: 194,700
*Current price of WTI Crude is up from its lows at $46.34 @ bbl.
** Frac sand will follow Oils' lead.
GEL recently relinquished its claims for equitable and declaratory relief and its ability to keep the contracts in force and effect on a going-forward basis. Therefore, the Company is now filing this Current Report on Form 8-K to confirm that the parties’ agreements, including the Crude Supply Agreement and the JMA, have terminated.
Arbitration proceedings related to the dispute with GEL are currently in progress.
GEL recently relinquished its claims for equitable and declaratory relief and its ability to keep the contracts in force and effect on a going-forward basis. Therefore, the Company is now filing this Current Report on Form 8-K to confirm that the parties’ agreements, including the Crude Supply Agreement and the JMA, have terminated.
Marker:
First Internet Banco (INBK)
$29.05 up 0.4 (1.40%)
Volume: 6,240
First NBC Bank fails, ordered closed; will be absorbed by Whitney Bank
Apr 28, 2017 - 4:31 pm
The beleaguered First NBC Bank was abruptly ordered closed by state regulators Friday, and it will be acquired by Whitney Bank, officials announced.
The Federal Deposit Insurance Corp., which is responsible for insuring bank deposits, was named receiver of the failed community bank.
It “immediately transferred” all the bank’s "transactional deposit" accounts to Whitney, according to a news release from the state Office of Financial Institutions, which made the decision to close the bank.
Transactional deposit accounts include checking, savings, money market and NOW accounts.
The FDIC will send checks to holders of "time deposit" accounts — including IRAs, brokered deposits and some CD accounts— starting Monday, the news release said.
The release said that no First NBC customers would incur a loss as a result of the closure.
Officials said that First NBC customers will be able to access their accounts at the bank's 29 former branch locations — which will be rebranded as Whitney Bank branches in Louisiana and Hancock Bank branches in Florida — under the new regime. The hours will not change, meaning that if a branch has been open on Saturdays, that will remain the case.
Customers will also be able to access their accounts normally through ATMs, the news release said.
Whitney Bank said its acquisition of First NBC includes approximately $1.6 billion in deposits and $1 billion in certain assets, including cash, securities and loans. Net cash to Whitney totals about $600 million.
Earlier this year, in a bid to stabilize its shaky finances, First NBC sold nine branches and $1.3 billion in loans to Hancock, Whitney's parent company, a transaction that it said provided it more than $200 million in cash.
Bank failures are relatively rare. First NBC is the fourth — and by far the largest — American bank to close thus far this year, according to the FDIC. Just five U.S. banks failed last year. First NBC is the largest bank to fail since Doral Bank, based in Puerto Rico, was shut down in 2015.
The sudden failure of First NBC came just weeks after bank founder and President Ashton Ryan Jr. stepped down. Ryan had relinquished the title of CEO four months earlier, amid a reorganization.
But in March, First NBC's parent company was notified by the FDIC that it was deemed "significantly undercapitalized," a designation that required it to increase its capital or take steps toward a merger.
First NBC's stock was trading Friday at $2.65 a share, down more than 90 percent from its peak of about $42 a share in December 2015. The stock value has fallen by roughly a third since early April.
Founded in 2006, First NBC was active in structuring and financing tax credit-related projects after Hurricane Katrina devastated the region in 2005. It struggled, however, with accounting issues involving those projects.
Those issues forced the company to delay financial reports, and also to state in filings that its financial statements dating back to 2011 should no longer be relied upon.
In another regulatory filing earlier this year, First NBC's parent company said it expected to record a "material valuation allowance" related to its deferred-tax assets — basically its expected cash flow from future tax benefits — as of Dec. 31.
The company said it was "unable to estimate the amount" of the potential write-down, but that the number would be based on factors tied to its still-uncompleted financial statements for 2016. First NBC had said it expected to file the statements by April 30.
Despite First NBC's recent setbacks, some industry experts were surprised by Friday's announcement.
Jonathan Briggs, a New Orleans bank mergers specialist at Performance Trust Capital Partners, called it a "stunning" development coming only months after the sale that gave the bank more than $200 million in cash.
"It was such a success story for banking in Louisiana, and certainly in New Orleans, for so many years, that the downfall was sudden," Briggs said.
At the same time, Briggs noted that First NBC's work in financing tax credit-related projects was "a different kind of business than what banks typically get into."
"I think part of the problem is that the regulators didn't quite understand it," he added.
With the FDIC absorbing nearly $1 billion in liabilities from First NBC's collapse, Briggs said the transaction was "a really good deal for Whitney and Hancock," which he viewed as among the few banks in the market large enough to facilitate the deal.
http://www.theadvocate.com/new_orleans/news/business/article_0f0a0f54-2c5a-11e7-8565-577c68c4ad5d.html
*Stunning news. There was no prior indication this would happen once the bank raised over $200MM.
There are 3 reasons but in no particular order;
1) Short interest remain.
2) Financials in general have lost ground.
3) BOFI and H&R Block have a business relationship and the current administration wants to simplify tax filing requirements which would hurt tax filing service business' such as H&R Block. *I support the administration's goals despite the effect it has on my BOFI position.