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SE - Spectra Energy 

By: Zimbler0 in POPE IV | Recommend this post (1)
Sat, 19 Dec 15 2:32 AM | 90 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 01422 of 47202
(This msg. is a reply to 01408 by Decomposed)
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De> So that's what I meant about SE. If it's sitting on a mountain of cash that investors are forgetting about, then it might still be a good investment. From what I could see, though, it looks like a stock that's going to continue falling for quite some time. SE is currently $23/share. $13/share looks possible this time next year.


Yeah.
With the low price of oil I'm not really surprised.
But, as long as SE continues to pay the dividend and
is making money (which the increasing retained earnings
suggests) I'll be happy with it.

Yeah, I might get my butt handed to me on it. But I don't think so.

2013 to 2014 SE increased the dividend some 9.8%.
2014 to 2015 SE increased the dividend by 10%.

Looks like all the oil and energy companies have been hurting since
the Saudi's opened the oil taps this year . . .

But, SE's main businesses are pipelines and gas storage and such things. I think no matter the price of the
stuff, there will still be a need to move it around.

SE is also not one of my larger holdings. However, come
January when the 2015 figures come out . . . if SE is
still making good money for 2015 I might just buy some more
at the new low low prices. (For the dividend income.)

Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Re: Oil (Particularly, Royal Dutch Shell)
By: Decomposed in POPE IV
Fri, 18 Dec 15 9:44 PM 		Msg. 01408 of 47202

Zimbler: 

re: "That looks to be the difference between total assets and total liabilities . . . that right?"


The basic accounting equation is

Liabilities = Assets – Owners Equity

Cash is just one asset. It's always nice when a company is sitting on a pile of it the way Apple and Esperion Therapeutics are - though, of course, those two operate on vastly different scales and I'm not suggesting that they're much alike.

My statement about SE was supposed to convey my impression that the company is in a tailspin with no strong support in sight. Based only on a quick TA analysis, there's no reason to recommend it.

I sometimes find stocks that have fundamental (not technical) reasons for optimism. For instance, the other day I read about a one-trick-pony that had everything invested in a drug that the FDA had just nixed. That was horrible news, and the stock fell 80% in after-hours trading. TA said to stay clear of it. However, the company actually had cash on its books that exceeded its market cap by a wide margin, and it was worth buying if only to get a stake in parting the company out.

So that's what I meant about SE. If it's sitting on a mountain of cash that investors are forgetting about, then it might still be a good investment. From what I could see, though, it looks like a stock that's going to continue falling for quite some time. SE is currently $23/share. $13/share looks possible this time next year.  

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