Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Alexander's Inc V.ALX


Primary Symbol: ALX

Alexander's, Inc. is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). It has five properties in New York City consisting of 731 Lexington Avenue, a 1,079,000 square foot multi-use building comprising the entire block bounded by Lexington Avenue, East 59th Street, Third Avenue and East 58th Street in Manhattan; Rego Park I, a 338,000 square foot shopping center, is located on Queens Boulevard and 63rd Road in Queens; Rego Park II, a 616,000 square foot shopping center, is located adjacent to the Rego Park I shopping center in Queens; Flushing, a 167,000 square foot building, located on Roosevelt Avenue and Main Street in Queens, and The Alexander apartment tower, located above its Rego Park II shopping center, contains 312 units aggregating 255,000 square feet.


NYSE:ALX - Post by User

Bullboard Posts
Post by rockynorthon Mar 22, 2014 6:18pm
291 Views
Post# 22356211

RE:RE: MERGER

RE:RE: MERGERActually one of the RPL properties was sold to Surge for $109 million.  I sure you know that Surge is a Colburne company as is Crescent Point.  The Workman property was a RPL property that Spartan bought for $32 million for 350bbl/d.  These are carbonate reservoirs in the Midale and Frobisher and have abundant vertical fractures which means it would not likely be a good horizontal candidate.  I believe that both Spartan and Surge bid on the rest of Renegade with Spartan winning the bid.  We would have to ask T. Bud why he went with Spartan.  Makes no sese to me unless he had a previous history with the Spartan management on a Pembina-Cardium deal..  The rest of the Renegade properties are carbonates, a small interest in a Bakken play that has huge cleanup and polution costs tied to it and 40% of their production from the Dodsland Viking play in Sask. which happens to be a mudstone which has exhibited a 65% decline rate on horizontal wells.
Bullboard Posts