Castanza

Trimming TPL

I think our price vs timeframes differ. TPL is a long term hold for me. But I have no hesitation trimming a position with these crazy run ups. I think their assets have real longterm value. Also some time is needed to see how the new corporate structure pans out.

Agreed....raising my stop loss daily with this one.

178% since March lows 100% in last three months

The IMO lowered the sulfur content maximum last May I believe. Alternatively ships can continue to use heavy fuel with the addition of scrubbers. I'm not sure if the IMO has set a hard date on no longer allowing this work around. If I had to guess, as new ships come online they will be built for the new fuel coming down the pipelines.

He's a billionaire, clearly. “Most of my coins” Implying at least three. If so congrats rk

At $53, isn't the BTC market cap around $700B as I seem to remember that accounting for lost and unmined total count was closer to 14M? Or is that way off? No one knows for sure how many coins are lost (including millions of bitcoins presumably owned by Satoshi Nakamoto), so the market cap is calculated based on the only number which is known for sure: the number of mined bitcoins. So yes the real market cap is somewhat less, but no one knows how much less. I know there have been people who have looked at the number of coins which has not moved in X numbers of years, but that doesn't mean anything as a lot of people are holding. Most of my coins haven't been moved since 2014, but they are not lost. There is really no way to ever know for sure which coins are lost and which are being intentionally held. How much do you own? ;)

I wonder if he visits here at all. Sanjeev should recruit him ;D

Thought he crushed it. Clear precise and direct.

Would love to be a fly on the wall if Chanos and Burry ever sat down to talk shop.

This issue with this many ships in my opinion is the ability to forecast growth and volume so far out. If these ships aren't productive then they become a burden really quick.

Well they’re generating $700m of FFO a year and that’s probably rising given their spot exposure in smaller ships, so given there’s 2 years before delivery I suspect they’ve got it covered ;) I’d be surprised if they cut the divi but you never know. What is the completion time on these ships?

This is on the edge of my limited knowledge and i guess you wonder if railways obtain good margins on those contracts. Because of commercial 'sensitivity', contract clauses are not widely reported. It seems that railways need to invest (buying and leasing) significant funds to meet this specific demand and ask, in return, for a multi-year commitment and a baseline daily (bpd equivalent) take-or-pay scenario. i think the Alberta government was recently on the hook for such contracts negotiated at at time when prices (and demand) were higher. So, BNSF could be eager to contract for such crude-by-rail agreements and the deals would likely be quite profitable short term but this does not appear to be a long term advantage. There was an article about CN some time ago dealing with this topic, sort of: https://www.nationalobserver.com/2019/05/01/news/crude-rail-temporary-solution-pipeline-shortage-cn-rail-ceo Missed this response earlier, thanks for sharing

Wow, this will be interesting https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html

https://twitter.com/michaeljburry/status/1357805615343575041?s=21

Touching ATHs :D

Has to be. (8459 - 8323 = 136m) Net cash from investing activities (22m) Consolidated Overview - 50m, 7m Consumer Packaging International - 44m, 6m Engineered Materials - 7m

so just glancing at the financials over 2010-2019 years: Revenue / share: $30--->$25 Operating income: $6--->$4.8 NI : $2.7-->$2.4 Divvy 0.43 / q to 0.48 / q it doesn't seem to be growing at all, whereas utilities index (and of course Berkshire Energy) are actually growing. with an additional 10 mins of work it seems like the big underperformance is warranted. Any thoughts Castanza? Sorry, should have prefaced that this was a watch position. The 10 year low and RNG approval this July (Oregon SB98) caught my attention, along with their move into water utilities. But as LearningMachine pointed out, the share dilution (1%) yearly since 2013 (as far back as I looked) is unsettling. I think the affects of Seattle banning nat gas in certain new construction are still unknown. @LearningMachine, where did you find the info on interest rates and their lack of protection if you don't mind sharing. This area of the country is interesting regarding new energy regulations and hopefully it presents some opportunities. I agree that this is not great at current prices. Might revisit if this continues to go lower though. Latest slide deck https://s23.q4cdn.com/611156738/files/doc_presentations/2020/Sept-IR-Deck_Final.pdf?source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link

NWN

Closed BATRK

Like a flash in a pan ;D Shits starting to get annoying tbh. Ready to get back to that value rotation :o

My God, the lengths these individuals are going through just to buy GME is insane and admirable at the same time.

Am I reading this correctly? RH investors are only allowed to buy 1 share of Starbucks? Even after RH raised $1B plus drew down their credit lines. This is insane. I would like to see what’s in the closets....this doesn’t make sense unless you’re severely impaired no?

PCYO

Agreed, The social media market is anything but solidified. It's been around slightly more than a decade and I cannot say I feel confident in staying power for any of the large companies. Look at the past 4 years and how many new names have entered the market and garnered meaningful user bases. Facebook and Instagram feel "tired" which is an anecdotal observation. On the flip side, the business is running like a top currently.