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it depress makert because of fed fail bail some one out and whole maket tank. yes market would come down, but not like this.
20 a share.
lot questions you ask. the first wind mill last about 20 years and they worn out. that problem with first set back in 70 when wind energy was being first used make powder. thing have improve a lot since thing. the first wind farm did not fail. it got old and wore out. the machine were not worth fixing or replacing. cost was there when they wore out.
glad you on the ball and checking thing out.
tell us about the ladies who own the electrical contracting company and motel too.
i not close to mike pruitt. i run his company ihut board and make call to him to get up date on what going on and what not going on. it take serval call before i every reach him. he does return call. when all thing find, i call his cell phone which is on his office voice mail.
the ge capital thing is tidbit from pruitt. when i talk to pruitt ,i smoke him out real good for every thing i can find out about what going on. not sure how he hock up with jerry the stock man. re looking at this investment. does not look good because of jerry past companies and what he fixing to do here. the company pr man will will not say anything but what in pr statement. some thing does smell right here.
try to call d all week, never could get him.hms, will the stock become unlock as d told me next month, hms
if you get pumper, then he raise the prise and then you can dump the stock, reserve it and pump it again , dump more stock.and reverse. again.
why will they not come out and tell us about the pipe line?
it is a good price now to by more.
it is a good price now to by more.
Despite strong performance, BB&T will not pay bonuses to members of executive team
WINSTON-SALEM, N.C., Jan. 30 /PRNewswire-FirstCall/ -- BB&T Corporation (NYSE:BBT), which earned $1.5 billion in net income in 2008, said today that members of its executive team will not receive annual bonuses under its short-term incentive plan.
"We have traditionally set very difficult goals, and although we are among the top performers in the financial industry in 2008, we did not earn a bonus based on our targets," said Chief Executive Officer Kelly S. King. "This has been an extremely difficult economic environment, even for well-capitalized and profitable financial institutions."
BB&T is one of the strongest capitalized financial institutions in the industry. BB&T's Tier I capital ratio, a measure of financial strength and soundness, is 12.0 percent, significantly higher than the government's safety threshold of 6 percent. BB&T's total capital ratio is 17.1 percent, notably higher than the government's minimum ratio to be well capitalized of 10 percent.
With $152 billion in assets, BB&T Corporation (NYSE:BBT) is the nation's 12th largest financial holding company and operates more than 1,500 financial centers in 11 states and Washington, D.C. More information about the company is available at BBT.com.
DATASOURCE: BB&T Corporation
CONTACT: ANALYSTS: Tamera Gjesdal, Senior Vice President, Investor
Relations, +1-336-733-3058, or MEDIA: Bob Denham, Senior Vice President,
Corporate Communications, +1-336-733-1475
Web Site: http://www.bbt.com/
http://www.prnewswire.com/comp/809325.html
Company News On-Call: http://www.prnewswire.com/comp/683693.html
it going be rock road back. it not going be over night. what gov. does about all these bad moratage is real key to answer. might not see nothing for year. gov got come in buy more of these bad mortage from banks and work on way save all bad loans to turn back into good loans. reduce interest on loans. maybe banks may not make any more on loans, but that better than write off all loan as bad and rease large lose as banks have now. what happen to all the private insurance the banks make you take out. have all those companies file bk chapter 11 now?
will the law suit every go to trial as report?
will joe go to jail?
will sec or irs ever get joe?
will the trail be dismissed again?
will pro con man beat it all? yes. but what i know, i bought this scam and got scam like everybody else. joe will again
they going have raise money and the only way is sell stock. now if they get stock up high enough they buy what they need with stock. thee biggest thing they need is cold cash. the need hire some a pumper and let him advertise the company to push the stock and tell pump stock in the market. the amount of share being traded now will not paid any bill and people. i said off the top of my head, in 5 year you see 100 million shares issue. it take that long get positive cash flow and make it. it best to dump all stock you need raise money with while stock up high instead wait till you need amount infusion of cash. if they do some like that, stock might not have to be reserved. when you reserve the stock, unless you got good news to put out, the new stock fall back to were it start out be fore be reserve. what happen to you, less stock at same price.
when will the pumpers come in.
are you sure they are going put one out? something just smell right now about this pipeline. too many catfish dead here?
i hold off then
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Quest Resources Seems Excessively Undervalued
by: Prudent Speculations May 28, 2008 | about stocks: QELP / QRCP
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Become a Contributor Submit an Article Font Size: PrintEmail TweetThis Quest Resource Corp (QRCP) is a fast growing natural gas driller. Quest Resources recently revamped its corporate structure with the packaging of its upstream and midstream operations into two MLPs, Quest Midstream Partners (which is not publicly traded) and Quest Energy Partners (QELP).
Quest Resources owns the general partners of its MLPs as well as significant limited partner interests. Quest Resource’s interests in these two MLPs provide the company with significant cash flow that has allowed Quest Resources to begin drilling on land that it owns in the fast growing Marcellus Shale area centered in western Pennsylvania.
I believe that the marketplace, due in part to the company’s complicated corporate structure and the recent concerns regarding its proposed merger with Pinnacle Gas Resources (PINN), has significantly undervalued the company. The merger, which was poorly thought out by Quest Resource’s management, has been called off. Significant value nonetheless remains in the stock, even after its recent move following the breakup of the merger.
Quest Resources owns 12.1 million units of Quest Energy Partners and 4.9 million units of Quest Midstream Partners. Based on the market value of the company’s stakes in Quest Energy Partners and the sale price of the Quest Midstream Partners units, Quest Resources appears to be undervalued. The company’s stake in Quest Energy Partners is worth about $194 million and the company’s stake in Quest Midstream Partners is worth somewhere around $91 million dollars. This gives a total value of $285 million to Quest Resource's holdings in its subsidiary companies.
Quest Resources also owns the general partners of Quest Energy Partners and Quest Midstream Partners. The general partnership of Quest Energy Partners has 25% of the incentive distribution rights (IDRs) for Quest Energy Partners. The company also owns the general partnership interest for Quest Midstream Partners; this general partnership has 50% of the incentive distribution rights for Quest Midstream Partners. A common rule of thumb that I used to value these general partnerships is to give them the theoretical value of their stake in the limited partnership if they were units instead of incentive distribution rights. For example, the general partnership of Quest Energy Partners should be valued at 25% of Quest Energy Partners' market capitalization. This is a common valuation in the industry as seen in the market caps given to other companies in the sector.
This puts the value of Quest Resource’s stake in Quest Energy’s general partnership at about $85 million and the company’s stake in Quest Midstream's general partnership at about $124 million. The company only owns 85% of Quest Midstream Partners' general partnership so that stake needs to be reduced by the appropriate amount, giving you a total value for the general partnership of about $105 million. Both general partnerships are still in their early IDR splits, so to be conservative, let's assume the general partnership interests to be worth 50% less than our estimate (although this will likely expand with time as the company grows to its potential). This would put the total value of Quest Resource’s general partnership interests at about $95 million.
If you combine the value of the general partnerships ($95 million) and the limited partnership units held by the company ($285 million), the company, on these attributes alone, should be worth $336 million (this takes into account the company’s $44 million in debt). Even though this figure ignores Quest Resource’s Marcellus Shale acreage, it still leaves the company significantly undervalued, given its current market capitalization of only $240 million. Quest Resources will receive $25 million in cash flow from its MLPs this year, giving the company the resources it needs to expand and develop its holdings in the Marcellus Shale.
Another point worth noting is that the value of Quest Resource’s general partnership interests are likely to grow at an incredible rate, as the value of the underlying limited partnership units increase in value. In most cases, the market capitalization of upstream limited partnerships has been known to rise significantly as a result of the limited partnerships frequently using their stock to finance acquisitions. While this may dilute Quest Resource’s holdings in their subsidiary companies, it should cause the general partnership interest, which holds the IDRs, to soar in value.
Take Linn Energy (LINE) as an example; Linn Energy’s market capitalization has risen from $583 million at its IPO in January of 2006 to roughly $2.6 billion today. If Quest Energy Partners is able to sustain a similar growth rate to Linn Energy, Quest Energy Partners' market cap could be at $1.5 billion by 2011, making Quest Energy Partners' general partnership (held by Quest Resources) worth somewhere around $400 million by 2011. If the success of other publicly traded companies that hold general partnerships and MLPs can be used as an example, there is clearly significant growth potential in Quest Resource’s general partnerships.
As I briefly mention above, Quest Resources is using its significant cash flow from its MLPs to drill in the Marcellus Shale play, which is rapidly gaining fame for its productivity. There are many companies with significant acreage in the play. Atlas Energy Resources (ATN), (I have talked about its parent company here, which is at worst a larger Quest), probably has the most exposure to the Marcellus of any large companies. Atlas Energy Resources' market cap is $2.6 billion and Atlas Energy Resources has 551,000 Marcellus acres with about half of them in SW Pennsylvania. Quest Resources has a market cap of $238 million and Quest Resources has 52,100 acres with all of the acres in SW Pennsylvania. It would appear that Quest Resource’s acres are just as valuable as Atlas Energy Resources', but they maybe even more valuable as all of Quest Resources' acres lie in SW Pennsylvania.
Figuring out how much the acres are worth is difficult, yet in doing so the true value of Quest Resources becomes apparent. Wachovia has estimated the NPV of Atlas Energy Resources' Marcellus acres to be at least $6000 per acre; if one were to value Quest Resources' acreage at $6000 an acre, one would arrive at a value of $313 million. There is likely to be upside to the $6000 per acre number, as the Marcellus play is further proved through drilling.
Acreage in the well proven Barnett Shale is typically valued at between $20,000 to $30,000 per acre, so that should give you an idea of the upside potential of the Marcellus area, should the deposits pan out in a manner similar to the Barnett Shale. Atlas Energy Resources' drilling results appear to be fairly comparable to the types of results achieved in the core area of the Barnett, so it seems likely that acreage values will rise from current levels. Nevertheless, it is important to remember that the value of any company’s land will depend on exactly where it is located in the area. To be conservative, let's assume Quest Resource’s acreage is only worth $3000 per acre, half of Atlas Energy Resources' valuation according to Wachovia; if the $3000 dollars per acre figure is used, Quest Resources is sitting on $156 million of land.
In recent months, an impending merger with Pinnacle Gas Resources has negatively impacted Quest Resource’s stock price. Since management announced the deal, the company’s stock dropped from $11 to below $7 a share. The Pinnacle Gas Resources transaction would have diluted Quest Resource’s valuable assets and cash flow by issuing the company’s shares to purchase a large amount of undeveloped land in the Powder River Basin. Fortunately, management recently saw the error of the deal, or perhaps feared that it would not get shareholder approval, and scuttled the merger.
Even after Quest Resource’s recent run up, the company has still lagged the natural gas index substantially over the period since the merger was announced. Quest Resources seems to be very undervalued but the Pinnacle Gas Resources transaction has to make a person question the wisdom of the company’s management and probably justifies the current discount to its fair value seen in the stock price.
Today, Quest Resources appears to own assets that should make its equity worth $491 million or $21 per share. These assets, as mentioned above, include the company’s holdings of its limited partnership units, it stake in the limited partnerships general partner and $156 million in Marcellus Shale acreage, with debt of course being subtracted out. A slight discount to this estimate is probably reasonable, considering management nearly made a terrible blunder in regards to the Pinnacle Gas Resources acquisition. The current stock price of $10 seems excessively low to me and reflects far too great a disconnect from the stock's true value. I think a price in the high teens for QRCP would be justified based on the current holdings and numbers being put out by the company.
Going forward, there appears to be significant growth potential from both the company’s Marcellus acreage and its general partnership interests. In the hands of competent management, Quest Resources could easily be worth two to three times the $21 it appears to be worth now, once the value of the company’s Marcellus Shale acreage and future growth in the area and general partnership interests has been fully realized.
For Further Review:
Termination of Merger Agreement
10-Q
10-K
Disclosure: Long QRCP
i dump this long time ago because it was going anywhere. have seem this, did it get any tarf money?
you could give me this stock for free. never make money.
a few more pennies down and i have a buy sign.
ita good soild bank. bought some money a few days ago.
gbrc look like it just can get into gear. high hope .
For an in-depth profile of Striker Oil & Gas, visit http://www.WallStreetNewsAlert.com/HotStocks/SOIS012909/default.aspx.
In case you are not familiar with the company: Striker Oil & Gas, Inc. is an upstream U.S. oil and gas company. The company is engaged in the search for and sale of oil and gas reserves through both exploratory drilling and the acquisition of producing properties. Striker's objective is to cost efficiently develop these properties and market the oil and gas production at the wellhead. Striker is strategically focused along the Texas Gulf Coast, East Texas and South Louisiana in areas of developed infrastructure and established markets
wonder if all the catfish went away from the creek?
that going give them more oil to sell at less price. where the news on gas pipe line?
well, i have to wait and see.
ibox update
may be tomorrw it will get in my buy range.
that not going happen over night, more like year.
do you think we will every get new shares for msrm?
i we do, unless some god come out then, gbrc stock will sink.
i own 2 house and both are paid for. i like to sell one, but the only way i sell it, i have give it away. i been better to keep the insurance money i got when house storm damage a couple of years ago from hurricane. it was good check and i should keep it instead of fixing the house back up. i can not even sell the house for what the repair were now. i make 1% on the value and that pays the insurance and taxes and very little to me for any repairs.i got rent out peanuts. if some one not living the house , you bent over here for insurance. even when they some living there, it not cheap. when there no one living there, it out of this world. at one time i had house sette living there and i had paid him some thing just to keep the insurance half way affording. he keep the house up and yard clean and nice. also the pool to.
well, tell us who the reporting person is? if you are going to post, out with it.
by way, i pull order down to buy more stock. i not paid the money the asking for the stock.
show where pruitt get that deal?
looking for 2.50 range to by in. you should be glade you do not live here, housing markert suck. if you want sell you house it may take 10 years to get true value of your house or you can give it away. i know guy that bought a house to make money off it, he did work himself and he try sdell the house and was only offer 5,000 more than he paid for it and he had put new hvac sytem that cost well above that but he go money tiesw up in supplies he used to fix up the house. i told him reent the house out. his note is 2,000 a month. insurance on house that does have any body in it burn you up. it so bad here, that they have people cheching on houses to see if some one lives in them.
when it yeild 4 % i buy it again.
may be coming back into a buying price again.
did it sink.
i did and i can see that i made money on the latest i bought. in time all i have will be in good shape and paying good dividend again.
do not get suck in on this loser.
money tight and partner need money to development it reserve right now. this is not the end.
wfc is better run bank than bac. bac had to buy country wide because of all the money it had tied up in it and if country wide fail, it could come down the tube like wachovia did . you got have good crdeit before you get loan from wfc and they do not make hight rick loan..
when joe dies and jane take off, then smith will have to deal with her and mario as a back up.