Energy Prospectus

Just read that GST has currently drawn $190M of their $200M revolver. The $80M from the sale will lessen that draw but it appears it will be the redetermination by the banks in March that is key. Let's see what happens with the preferreds today as the share price will signal if the market assesses t...

Hi Dan,

I saw that Red Mountain Resources (RDMP on OTC) has just announced a 10% Cumulative Redeemable Preferred stock offering. Are you familiar with the company (based in Dallas) and do you think this preferred is something to consider buying once its listed?

Thanks.

FXEN, which Dan has cautioned about given its involvement in Poland and a management that "over-promises and under delivers," recently issued a 9.25% Series B Cumulative Convertible Preferred. It's currently trading under par ($23.51) so current yield on invested money is around 9.8%. Any ...

ANGYF was downgraded today, a day later, by TD. I haven't seen any analyst reports. Have you?

Their March 4 report says they are maintaining guidance (25% productions growth, but I'm hearing ANGYF will be cutting its dividend.

Perhaps not great prospects here.

Thanks,
George

Hi Dan, Are you familiar with Argent Energy Trust? It's not particularly loved on VF and Eagle Ford has gotten some negative press. It was downgraded from Outperform to Sector Perform by RBC today but there isn't much actual information available regarding their activity. Carol and I enjoyed spendin...