April 28: A few thoughts to start the day. . . Coal is hot. Coal play Arch Resources (ARCH) is a great success story on Breakout Investors. Led by Leighton Peters and Florian Buschek ARCH has been one of the best performing stocks on the planet. Over the last year it has gone from $44 […]
April 27: A few thoughts to start the day. . . Ever smash your fingers in a car door? That’s what it felt like to investors yesterday when the NASDAQ lost a whopping 3.95%. Yet late in the day Scott Wren, senior global market strategist for Wells Fargo said, “Our message to our clients is […]
Antero Resources AR (disclosure: long) is in the markets again with some value creating financial engineering. They refinance 2022 senior notes with senior unsecured notes due 2026. So they extend the maturity considerably. While the previous rate was 5.125%, the new rate will be 8.375% but that is perfectly acceptable. They can easily afford the […]
Propane is ripping higher as high demand causes hefty draws on inventory. Demand for NGLs in general comes from LNG exports as prices rise overseas for need of electricity generation and heating (there is export capacity for 80% of production in the US) and local demand for heating eg heating columns restaurants are using outside. […]
Antero Resources AM (disclosure: long) and Midstream AM (disclosure: position only indirectly via AR) attended the vitual Wells Fargo Symposium and gave some great details. A couple of notes (there might be some errors): every dollar free cash flow goes to debt repayment for AR would like to see AR debt from $3B to $2B […]
Antero Resources AR (disclosure: long) is in the process of further firming up the debt structure Denver, Colorado, December 17, 2020—Antero Resources Corporation (NYSE: AR) (“Antero Resources”) announced today that, subject to market conditions, it intends to offer $500 million in aggregate principal amount of senior unsecured notes due 2026 (the “Notes”) in a private placement […]
Antero Resources AR (disclosure: long) has been held down by low natural gas prices recently. People don’t get that that AR is fully hedged on gas and low prices now combined with high prices later are the dream scenario for AR. That way they don’t take losses on their hedges and can establish new hedges […]
Antero Resources (AR) our favourite Natural Gas and Liquids producer (disclosure: long) is out with a new slide deck. It is a treasure of graphs and insightful charts but four are worth highlighting: Bankruptcy is not even a consideration at this point. There is ample liquidity and capital markets are open. As for H2 we […]
Antero Resources AR (disclosure: long) is out with a tweet: Happy Thanksgiving from your friends at Antero! We want to take a moment to thank the communities in which we operate, frontline workers, and health care workers risking their lives each and every day to keep us all safe and healthy. The shareholders can thank […]
The FT has an article about how “Supplies of propane tanks are being depleted in the US with demand rising 75 per cent year on year, as the coronavirus pandemic drives entertainment outdoors.” Outdoor dining requires heating, which is often done with propane. This bodes well for Antero Resources AR (Disclosure: long), which is one […]
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