Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
OT: Thanks for letting me know
Hank you still around? I ran into another former Wall St guy that does 888's and thought of you
FRD there is massive demand destruction happening in China and EM's. Does that mean greater competition from imported products? I don't know enough to speculate
Oil has had a massive reversal but is still hovering around $80 WTI which means most producers have incredible cashflow. I don't know what % of FRD supports O&G but a good portion of it is.
Seems likely to me Biden admin with the new congress passes some sort of infrastructure stimulus as the world economy melts down. The macro environment is not looking good at all though and the fed is hell bent on fighting inflation by raising rates.
Hard time to be too long or short given the volatility
SQZ I have been adding here and there. Biggest downside risk is dry hole on the Eigg drilling underway but the company is cheap regardless based on FCF.
If you don't read Alexander Stahel you should
https://twitter.com/BurggrabenH?t=G9ztsoz9E0OaQy3-HMK2CA&s=09
FRD - European steel industry is being kneecapped by energy prices. An obvious backwind for FRD is on the tubular side serving oil & gas industry which seems unlikely to cool off too much.
Anyone interested in sharing their thoughts on how this might impact Friedman?
https://www.mining-technology.com/news/arcelormittal-steel-germany-spain/
SQZ From what I have read it sounds like the windfall profit tax is going away with this price cap and the UK government is just going to pay the difference.
I have a hard time seeing how the price cap doesn't add incremental demand.
I am eager to hear news on the Eigg drilling that spud back in July
SPUT they're locking it up and throwing away the key. At some point that U308 will go to a productive use but not anytime soon.
I just can't tolerate buying equity on money burning operations or explorers. U308 price may go up or down but it sure isn't going to have a 50% or greater drawdown over the next 12-24mo. Same cannot be said for U companies that have zero FCF
Uranium - I have a decent position of Sprott Uranium Fund. At some point uranium is going to skyrocket and while these juniors that will never get into production will go ballistic I feel a lot more comfortable waiting in SPUT who won't have a dilutive financing and also doesn't face inflationary pressures.
SQZ Serica merger proposal at incredibly laughable premium
Info and discussion at below thread
Kistos Seeks Merger With Serica.
— Alexander Stahel 🌻 (@BurggrabenH) July 12, 2022
We warned @MitchFleggCEO of such a risk while the board allows for its share price to continue to drift instead of buying back shares with authority & transparency. Now, I can only hope shareholders reject. Frustrating.$SQZ @SericaEnergyplc pic.twitter.com/ohWUSedD6k
Trillion sucked in a bunch of tourists that are now bag holders. Seems to me when I last looked their projected cashflow yield was good but not exceptional compared to the FCF yields offered by currently producing Canadian oil companies that seem much less risky
SQZ.L I own on London exchange. Yes, simplistically it is a gas prices higher for longer bet. I don't see how anyone would think EU natgas prices revert completely
I have an enormous VET position. If you want to add some torque one EU gas producer to check out is Serica. Their FCF % is insane and there is wildcatter upside when they drill this year.
Cotton futures have gotten kilt recently. I know nothing about the commodity but to me I'd guess this has to mean retailers are realizing they have inventory problems and order volumes to the manufacturers is dropping dramatically
https://www.investing.com/commodities/us-cotton-no.2
During covid lockdowns people were exposed to adversity to a degree many probably haven't had to. The gig economy I assume grew substantially while people were working from home.
I'm generally not an optimist but it seems to me the biggest problems are energy costs and general inflation. I think we see a big shift in deflating goods prices (outside of energy inputs which will stay elevated). All speculation but I think people are blowing their wads this summer and that wallets & purses will be tightly shut come the typically strong seasonal retail Q4.
If I start reading about company after company laying off their production workforce labor then I'll re-evaluate. Retail is going to get hurt
I own a lot of VET
Energy is one of the last things people actually cut back on. I think/hope people are a bit more resilient after COVID. Companies are going to have to firesale their excess inventory but I have a feeling that'll be the end of it
How did you come by this info in that case? Thanks
LG.V Lahontan drills 100.3m grading 2.96 gpt Au
I participated in a PP last year on this company. Pretty incredible drill results. That said, since I own shares, I expect this to continue to trade down and ultimately bring my investment value close to $0. Investing in exploration mining companies is supposed to be very high risk and high reward. So far it is mostly just extremely high risk.
https://finance.yahoo.com/news/lahontan-drills-thick-intervals-high-110000659.html
Didn't age well. Oil and gas stocks should continue to so well this year but boy they're volatile
I'm coming for you @Zenvesting
NPK - What a great pick. Probably gonna keep going throughout this year.
GMTN/GMNTF - Gold Mountain just went into production. Very high grade ground that they're stepping out with an active drill program.
Levered play on POG, although labor and fuel inflation is going to hit all production companies. Has quite a bit of ground to make up to get back to ATH's which I view as favorable, gives me some upside targets
SCKT - Maybe they borrow $5m to buy back stock. LOL j/k
this company is headed to the dumpster IMO w/ technology being replaced by apps.
Socket management showed their color years ago. Betting against them this Q. I could be wrong but my money's on the table.
Oil companies are absolutely printing cash right now. Prices haven't caught a huge institutional bid because of ESG divestiture but these companies will just buy their companies back or throw off huge dividends.
So far this isn't the O&G industry of old where high prices brought about value destruction through overpriced M&A and increasing production as fast as possible regardless of the cost.
SYTA - checked in on this today and not doing well which sucks. Haven't been following story since I sold long ago.
GASX.V - Thanks for the reply. Yes I sold out of my position into the strength as it continued to rally. All it takes is comparing market cap vs Canacol to know something is a bit goofy or would be an argument that Canacol is ridiculously undervalued
Surprised there hasn't been more postings here given the cashflow O&G companies have been enjoying.
GASX.v basically another Cannacol Energy. Still below what should be 1x cash flow for 2022. Good potential that the company's reserves are greater than Cannacol
PANR.LN Pantheon Resources is an advanced exploration company with what appears to be a massive oil deposit adjacent to the TAP and highway on the north slope.
Very interesting technical presentation linked below, the most impressive of which IMO is the 3D modeling of the different reservoirs.
TIKK part of this valuation I imagine is the lack of apparent interest from the company to market itself to investors. The website is atrocious and doesn't appear to have been updated in a few years
AREC is getting lively. Supposed to be releasing earnings today according to investing.com, not that I expect positive earnings
AREC - Option premiums are pretty high on this one. 5.6% less than a month out on the July $2.50's
You're very welcome. I sold some stuff today to buy some IPO and GXE and then lo and behold the magic of my purchasing intentions has worked magnificently
Now I know why ITE twitched
ITE. This bloated share structure is a problem. I sent the company an email that I sure will go straight into the garbage can but at 3.5 est '21 earnings it would be more accretive return of capital to repurchase shares vs paying out a dividend.
Who is it that is out there dumping shares? Feels like there is a LOT of cheap stock that is being dribbled out.
So long as the outlook maintains this will be a long term holding. Not stoked that my entry pre-NR is now underwater.
ITE.TO - Guidance of $31M NI for '21 or ~4 cents USD per share. So the stock is trading around 3.5x '21 earnings estimate and a 8-9% dividend.
The stock is trading at 0.135 cents USD.
All that said there are close to 800m shares out. F'ing bloated O/S. Would be better if they repurchased shares than paid a dividend at this point.
ITE.TO Do you feel like you have a good understanding of what is. Being restructured on the BS and how it is going to be done without impacting equity (eg crunchdown)?
"Defunct project recycler" no I would not say that. Many juniors are restarts of abandoned or idled mines/workings.
Take a look at their assay results from historical cores and the initial new drill results. LOTS of gold left at some very high grades
ITE - Nope. I called the Fidelity international trading desk and asked them to search. No ADR and no foreign OTC
It trades on London, German, and Canada exchanges but not in the US (surprisingly)
OMG/OMGGF released results of first two holes today which confirm bonanza grades indicated by the historical core assays.
Some selling pressure from an earlier financing is putting a cap on this at the moment I think. Pretty cheap for the grades they're seeing and exploration potential in the land package
I was a large part of the volume today after reading more into this.
Seems like a good one to sock away into the retirement account and forget about for awhile
ITE - nearing the end of April and nothing from the company other than notice of a (big) warrant exercise (no doubt b/c of dividend) and a notice on the dividend.
Any thoughts as to the delay, warrant exercise, dividend plan, etc?
TIA
Anyone have any hydrogen energy / vehicle plays?