daniel litten

@Henrik115 UK windfall tax going to take it all?

Since #ENQ is one of the most leverged plays 45k bopd vs. 450-500m$ mcap. The FcF vs.mcap becomes extreme if dated Brent stay t 100-150$. Assume e.g. 50$*30k*365*0,6(40% tax)~300m FCF , difficult to model but this gives you a feeling. 2/2

After doing some research I found out that most of #ENQ sales of oil in UK is indexed to dated Brent. But hedges seem to be done towards Brent monthly contracts. That means they are likely to get very high average sales price in Q2. 1/2

@DrDiGiorgio And those hi incomes likely exist due to govt subsidies. Try billing what Medicare pays. Many people wouldn't be able to pay those rates.

Finished our taxes and came to a realization: In a two-physician household, one spouse's income is entirely confiscated by the government.

@dirtcheapbanks You lost me with $BKUT. Many banks have a goal of earning returns on equity. Others spend $10 mm on trophy offices in Utica NY.

Got these banks on my watchlist. Anything else I should add here?

@Wexboy_Value @nicholasstaylor @LowkeyCapitaI @huntforcatalyst Doesnt need to explain. That's the beauty of external mgmt controlling the voting rights. $TFG.AS

@nicholasstaylor @LowkeyCapitaI @huntforcatalyst Expect nothing... ...but I am looking fwd to Paddy trying to explain how $100M+ of new inv'ts in Jan was somehow more compelling than a 175%+ gain investing that money into a tender offer instd!

Still pounding the table on $TFG.AS / $TFG.LN / $TFG . At a 61% discount to a very conservative NAV, it’s hard to justify management inaction. They’ve never cared much, but at what point does the gap become impossible to ignore?

@boujee_banker Massive core CPI overshoot

Why is $KRE selling off today

@marginofdanger @blondesnmoney Always avoid external mgmt. Wish I would listen to myself. Levered crap burdened with massive fees just isn't a path to wealth. $FSK

@blondesnmoney I’ve been sniffing around in these BDCs and CEFs and haven’t yet gained conviction on any of them

@atxurbanist @dirtcheapbanks Mgmt owns the voting shares $BKUT

@dirtcheapbanks Is there an activist play here? Market cap of 150M, seems like a fund could easily buy 10% and try to get board to implement buy backs?

I just wrote an article on Bank of Utica $BKUTK. One of the most fascinating small banks that I have ever looked at. I management ever decided to buy back shares, it would be one of the most accretive events in capital markets. I doubt the former will ever occur though.

@yenoms He always tells us he's a great investor, and now he says he hopes to figure how to get $1.60 EPS on $30 TBVPS stock. Great work! $RPT #alwaysAvoidExternslMgmt.

I’m out of $rpt so really just follow for comedic purposes.. well, I just skimmed the call and got a few laughs. Seems like the liquidation talk has evolved to recap… errrr they kinda different. 🤣🤣🤣 And oh, they will take loans from genesis.. who gets the fees.

@DarkfireCapital That, and goodwill amortization is a real expense. Their crappy acquisitions a don't have an infinite shelf life. $FISV

Is there a reason I shouldn’t be buying $FISV here other than AI is going to eat its lunch?

@Mr_Neutral_Man *chance

@Mr_Neutral_Man Here's what keeps me reading fintwit: the cancel to see little kids referred to as HSD/LDD

Parents, What's the dynamic of kids birthday as they get a little older? It seems like when kids are 1-6 years old, everyone comes. But as they get to HSD/LDD years old, they stop doing kids birthdays. Used to be a great recurring annual gathering and get to see my friends. Kids sports/activities are getting in the way once again!!!!

@BarbellFi Maybe because the after-tax real return is 0?

30 year treasury bonds yield 5% now $1 million invested is $4,200/month Completely risk free & state tax free That’s $50k/year paid out for 30 years Then get the million back after 30 years Why aren’t more people doing this? 🤔

@ShippingKemah And what if i told you buybacks have been minimal while mgmt keeps talking about expanding the fleet into "adjacent shipping sectors"? Can valuation make up for misalignment? (See: H. Vafias) $DLNG #BewareOfGreeksBearingShips

What if I were to tell you there was an LNG shipping company that is fully contracted until Q1 2028, paying a 5%+ dividend, <2x Net Debt/EBITDA, trading at 10x EPS. Would you bat an eyelid? Now what if I told you it was actually trading at 10x the Quarter? i.e. 2.5x EPS. $DLNG

@TheOddsmakerInc You left out the part about Vafias $IMPP

Forget Bullish… We’re feeling Impish. $IMPP Imperial Petroleum is a profitable oil-shipping business with more than $300 million worth of tanker ships, for free, while earning high margins. And politics aside, a Venezuelan blockade could increase tanker rates. Just sayin’.

@thewaltzy @christankerfund Don't quote revenue to market cap numbers for highly-indebted businesses. $TEN

@christankerfund $ten mkt cap is $700mil. That 1 vessel on 1 trip will pay $5mil.

From the TI app, this is a $TEN VLCC, 1 of their 3. $107K/day. Note this is on a profit share 50/50 over the base $30K

@deyhatemetoo @Henrik115 @hchris999 Presentation says FCF at $60 is what? $5mm? $PTALF

@Henrik115 @hchris999 People know this but half the drop today was cause people are exhausted with this management

For transparency today I lost some money on Petrotal $tal.to #PTAL Will it come back? Yes. Have Petrotal been here before? Yes. Will there come a great time to buy more? Yes. Will gold stocks outperform Petrotal in next 6 months? I think so.

@Aureliusltd28 Either that, or Sudanese torture victims get the whole thing $BNP.PA

@siyul Is the insider buy a sign of confidence or was it mandated by his divorce settlement? $FLL

Down 30% YTD, near 5Y low, with a recent insider buy at 50%+ above today's price. That is Full House Resort $FLL, and its CEO Daniel Lee. A gaming veteran holding a 5% stake spent a decade fixing legacy problems. Sold off underperforming assets, built new ones, and showed early promise. "From Mirage, Pinnacle to Full House" tells the history, assets, its challenges, and opportunities. (link in bio)

@ChamliesCharles @christankerfund Pays pennies, and converts dividends to regular income.

@christankerfund How do you like the stock-lending, is it worth whatever hassle it entails?

I have a couple of different Brokerages, and for the one I have Stock Lending enabled, most all my tanker stocks are lent out, while hardly any of my dry bulk shares are. Interesting! Good luck to those #TANKER shorts …

@joeriwestland Isn't $TEN all chartered out for yrs; spot surge doesn't help

Some names are clear winners from the large rate rally in Bulk (capes) and VLCC's AND are definiately not US based. These should be up way more today... Thinking about $NMM $TEN $CMBT as prime examples.