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Bullboard - Stock Discussion Forum NAL Energy Corporation T.NAE

Bullboard (TSX:NAE)

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Comment by Al42on Dec 01, 2011 11:43am

RE: RE: RE: no div cut

Order got filled for a few shares today @ $7.35, going to wait and see if it goes down to previous lows before doubling down. Cost is now around $9.50 so still down over 20% overall. Hopefully this ...more  
Comment by themangokidon Nov 30, 2011 10:12pm

RE: RE: RE: RE: RE: this one has performed like re

hey, guys. yeah, i stuck in there an extra zero. thanks for catching my mistake. i should have 2ble checked.  I was going over some of the numbers tonight from cibc's november nae report ...more  
Comment by terroiron Nov 30, 2011 9:26pm

RE: RE: RE: RE: this one has performed like real..

HiThe amount for 2012 is $80mil, with another $112 million in 2014.The cut to 5 cents would save $3 million per month, or $36 million a year. Still not insignificant, and over time sure to improve the ...more  
Comment by MrAndersonon Nov 30, 2011 9:20pm

RE: RE: RE: RE: this one has performed like real..

A divy cut of .02 is 3,000,000 savings per month based on about 150,000,000 shares out.
Comment by gvixidon Nov 30, 2011 5:04pm

RE: RE: no div cut

Good call Strapper - I took my own advice and doubled down at $7.42 as well.Did the same thing with CSE.Got any extra Pepto?...lol
Comment by themangokidon Nov 30, 2011 4:24pm

RE: RE: RE: this one has performed like real...

isn't the principal outstanding on the convertable debentures maturing august, 2012, 80 million?  a div cut of 2 cents would potentially save 30 million a month.  wow, is ...more  
Comment by terroiron Nov 30, 2011 3:15pm

RE: RE: this one has performed like real...

I have added to my position. Seems like the market is concerned about the dividend and about the convertible debentures due in 2012. The debentures are not immaterial and could cause some dilution if ...more  
Comment by strapperon Nov 30, 2011 2:39pm

RE: no div cut

I just doubled down.  No insider selling and as soon as this thing approaches 8 it is taken down in a hurry.  Pass the Pepto.
Comment by Al42on Nov 30, 2011 2:36pm

RE: no div cut

I'm thinking the same...I did OK when I doubled down on DAY but I think it's best to wait for a down day. If NAE is down 2% in a huge up day for Oil and the market,it will be down for sure on ...more  
Post by gvixidon Nov 30, 2011 2:28pm

no div cut

Q3 payout ratio was < 50%, so no need for a div cut, especially with oil trading over $90.What else to explain the SP being held down?  Could be an orchestrated effort before a buyout ...more  
Comment by strapperon Nov 29, 2011 7:59pm

RE: RE: this one has performed like real...

I don't think they are going to cut their dividend.  Their FFO was up and oil is near 100.  I think too many people in North Amer are use to having this brent wti spread for too long ...more  
Comment by themangokidon Nov 29, 2011 2:56pm

RE: this one has performed like real...

hey, terr.  you really tihnk a divy cut is in store?  The payout ratio, as of Q3 is below what it was last year at Q3.  Cutting the divy rate from 7 to 5 isn't really going to be ...more  
Comment by terroiron Nov 29, 2011 11:01am

RE: RE: this one has performed like real...

South of $7 NAE is golden, even with a cut from 7 cents to 5 cents. Yield would still be close to 9%, even at yesterdays close, 5 cents would yield well into 8%.The short sellers are, IMO, playing the ...more  
Comment by themangokidon Nov 28, 2011 2:33pm

RE: RE: this one has performed like real...

thats an interesting tool that site offers.alot of the other former oil/gas trusts (cpg, pgf, bte) show a similar pattern as nae.  my only other guess is that a fund manager is liquidating a ...more  
Comment by Al42on Nov 26, 2011 7:23am

RE: RE: this one has performed like real...

You are right...looks like the same pattern here.https://stage.walletpop.ca/company/nal-energy-corporation/nae/tor/short-interest
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