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Apollo says more pain in the oil patch yet to come but will go shopping when the time is right, but not yet.
http://www.bloomberg.com/news/articles/2015-02-11/apollo-s-energy-head-says-worst-is-yet-to-come-for-oil
LOL, it was at 2.30 just a month ago so its not unreasonable for it to go back to 2.50 when production still has not been curtailed and the recent rally in oil was shown to be a bull trap. There is no light at the end of the tunnel yet, so pardon us if some of us see lower prices.
Usually they get minimal cash and take shares instead. They raised, what was it, $500k+ and he takes 150K? I'd hate to see his salary if he has control of some real money.
I'm kind of surprised Leo didn't put his 2 cents in and suggest a more reasonable salary for a start up company one step up from operating out of a phone booth.
I like what they are doing, have a fist full of cash to invest if they would do their part and put out some info on them, but they do nothing to make it easy to separate me from my money. It turns me off that junior took $150k salary for himself too. Not a good indicator for a company that needs to find investors.
WTF.. 2014 salary for the CEO of $150,000? Are you kidding me, Elliot, for what?
Way to chew up what little working capital you had.
That was from a CitiGroup report. Got mentioned on CNBC too.
Big whoop?
• Based on data generated from 501 women who donated urine and cervical samples, Trovagene's (TROV +2%) HPV assay performed on cervical samples demonstrated sensitivity of 96.3% for cervical intraepithelial neoplasia (CIN) Grade 3+, the most severe type of dysplasia that has the highest potential to become cervical cancer, when compared to established cervical screening tests. Its sensitivity for CIN Grade 2+ was 94.5%. For tests performed on urine samples, the sensitivity for CIN 3+ was 91.4% and 89.0% for CIN 2+ when compared to established cervical screening tests. Results for CIN 1+ and specificity were not reported. It also does not appear that the study was powered for statistical significance.
• Investigators believe that the loss of sensitivity with urine samples is still better that PAP smears while the added convenience of urine sampling may increase adoption of HPV testing.
"..does not appear that the study was powered for statistical significance."
I totally agree. Makes no sense for CTIX to send Brilacidin to NNAB when its a potential blockbuster, and it will be much easier for CTIX to fund development than NNAB. I see NNAB's IP being absorbed into CTIX eventually once proof of concept is established sometime around a Ph 2. The sons would have a nice payday too.
The DOE authorized LNG exports of up to 10.52 Bcf/day. That’s 3.84Tcf/year. That’s way more than I expected. Once LNG exports start later this year it should start to put more upward pressure on NG prices. No wonder Cooperman and Paulson are loading up.
“..the DOE has conditionally authorized the export of 10.52 Bcf/d for a period of 20 years from the U.S.”
http://energyinterdependencyblog.com/the-future-of-liquefied-natural-gas-lng-exports-under-the-department-of-energys-revised-review-process/
They need to do some drilling between now and 2018 so they can decide. It would help if the NG market firmed up to justify spending the money to do some drilling.
I followed MMR and Jim Bob closely years ago and am optimistic on whats below the salt weld. Jim isn't getting any younger though.
Why doesn't the Ph 1 study for CEQ508 show up when searching ClinicalTrials.gov? Nothing at all for Marina Biotech.
https://clinicaltrials.gov/ct2/results?term=marina+biotech&Search=Search
23% dilution will do that.
With Cooperman actively acquiring ATLS shares too, I'm wondering what his end game is?
Atlas Energy is merging with Targa, so its integrating NG pipelines, storage and processing plants. GULTU would fit as a NG reserve asset for them, but I'm not sure how it might be acquired, since its a royalty trust. Can it be dissolved early, or swap shares for a future interest in wells? It will be interesting to see what if anything develops with the three.
With these new shares, Leon should have 23.75m shares now.
With 231m OS, that's now over 10%.
And maybe he's not done buying. Shop 'till you drop, Leon!
Great. Good to know, thanks!
Who, Cooperman? Link for that?
Any idea how many wells are planned for Highlander?
Oil tried to put in a base in the last few days but broke support today. Headed lower.
http://finance.yahoo.com/video/why-crude-wont-rebound-time-214812474.html
Oil tried to put in a bottom but finally broke support. Headed lower now.
http://finance.yahoo.com/video/why-crude-wont-rebound-time-214812474.html
Oil broke support and is headed lower. Maybe much lower.
http://finance.yahoo.com/video/why-crude-wont-rebound-time-214812474.html
Wow. How..schizophrenic of them. I'll believe it when I see it.
My first thought: "Their cash is burning a hole in their pocket".
Just what we need, riskier assets.
But can companies stay solvent long enough to reach that stabilization point? There's the rub.
With bond prices 30-40% below par, its an excellent time to use the cash for retiring some of their debt. The market will love the lower debt more than they will the dividend, IMO.
And with bond prices 30-40% below par, its a perfect use for that cash to retire some of that debt. The market LOVES two things: lots of cash, and low debt.
Why buy here before the earnings report on 2/4 when they could suspend dividend too? Makes no sense. Wait for the 10-Q.
There are reports the new 79 year old king has alzheimer's and not in good health either. The Saudis are desperately trying to hold on to power with the older generation of rulers.
Dead cat bounce.
It went from 2.00 to 1.00 in a month and its ready to take off? The only thing that took off were investors running away.
We are there in the Persian Gulf to protect and defend mideast shipping lanes so the Saudis, Emirates, et al continue to use the USD for the oil trade. Its a quid pro quo that's been in place for 40 years, but seems to be news to some. We don't get much of our oil from the Gulf these days but the Europeans and Asians do. The US needs the oil to flow for the sake of world trade too. If the rest of the world can't get oil and their economies tank, who do we export to? The world's economic health depends on that oil moving freely.
My head is on fine, I have no dog in this fight. Talk to Icahn who bought in at $49 for the dividend. I'm sure he and other interest-seeking investors would appreciate your input, as after-the-fact as it is.
SDRL was cut in half right after they announced they were stopping the dividend, and this is headed for the same thing. Sell into any strength and buy back if you want after it gets cut or reduced.
The Swiss took off the cap on their currency last night because they believe the ECB will do QE next week and didn’t want a stronger Franc.
If the Europeans announce a QE, that will weaken the Euro and strengthen the USD.
That will drive oil prices lower.
Do you realize how many investors are in RIG just because they pay a dividend? Their reason for sticking around would evaporate.
I read his material too, but I use it to gather info to make my own evaluation. I've often found his research helpful, but I keep reminding myself where he's coming from. I own several companies that he has covered in the past.
http://bionapcfa.blogspot.com/
Keep in mind he's a sell side analyst. He works for the company, not investors. Know what side his bread is buttered and take it for what its worth.
All depends what the net effect of the news would be.
dilution?
uplist?
If there IS news, why wouldn't the old adage "Sell the news" apply? Its the norm if not the rule.
Primarily biotech conferences.
A big one this week:
http://finance.yahoo.com/news/biotech-showcase-2015-kicks-off-191300977.html;_ylt=A0LEVigERrFUNDoArH8PxQt.;_ylu=X3oDMTBybnV2cXQwBHNlYwNzcgRwb3MDMgRjb2xvA2JmMQR2dGlkAw--