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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

Comment by Howl_BTon Jan 30, 2018 2:11pm
251 Views
Post# 27464567

RE:RE:LSB Differentials

RE:RE:LSB DifferentialsThe entire junior and intermediate oil and gas sector is suffering and has seen there share sell off over the past 2 weeks due to the blow out in WCS/WTI price differentials (currently at a 4 year high of $35 p/b), as a result of rising oil storage levels in Alberta and reduced pipeline capacity on Keystone. As well no one seems to know when additional rail capacity will be available to relieve the pressure. Spartan ships most of it product through Manitoba and is not directly affected by the problems in AB (allow they have a little production there). But there is a buyers strike underway for CND oil and gas companies which Spartan is caught up on. I believe Spartan will recover. There current pricing is quite good actually and I there drill results should be strong. I also think they deliberately understate there production forecast for this year and will beat with each update like last year. Great company. We will get through this. I wouldn't worry...
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