Quantcast
I have 28 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
Page 1 of 5 1234 ... LastLast
Results 1 to 10 of 41
  1. #1

    Default CNNX ==> The Cubby Winner

    You hear lots of applications for cones. There’s an ice cream cone. There’s a geometrical cone and then there’s a funnel, shaped like a cone. However there are more famous cones:
    First there were the Coneheads:



    Then came the most famous Conehead of all, David Cone, after he pitched a perfect game:



    Believe it or not, you can shape this conical thinking into a winning stock pick. Today I bought stock in Cone Midstream Partners (CNNX) at 21.96. I will sell it in 4 – 6 weeks at 25.30. Here’s why I like CNNX:

    First things first, and it starts with a chart. I like to buy stocks that are going up. They are going up because there’s a story to tell:



    Now that’s some story. This stock is up 86% in the last year, and it’s still cheap. It’s PE is only 13.7. Oh by the way, this stock pays a FAT dividend of 4.5%.

    CONE Midstream Partners LP owns, operates, develops, and acquires natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia. As of December 31, 2015, the company’s gathering assets comprised a network of 244 miles of gathering pipelines with an average daily throughput of approximately 1,099 Bcfe/d; and 15 compression and dehydration facilities. It also operates 2 condensate handling facilities with handling capacities of 2,500 Bbl/d each in Majorsville, Pennsylvania, as well as Moundsville, West Virginia that provide condensate gathering, collection, separation, and stabilization services; and other partnership assets. The company was founded in 2014 and is based in Canonsburg, Pennsylvania.

    Twenty years ago every geologist involved in Appalachian Basin oil and gas knew about the Devonian black shale called the Marcellus. Its black color made it easy to spot in the field and its slightly radioactive signature made it a very easy pick on a geophysical well log.

    However, very few of these geologists were excited about the Marcellus Shale as a major source of natural gas. Wells drilled through it produced some gas but rarely in commercial amounts. Few if any in the natural gas industry suspected that the Marcellus might soon be a major contributor to the natural gas supply of the United States - large enough to be spoken of as a "super giant" gas field. The Marcellus Shale, which extends from upstate New York south through much of Pennsylvania and virtually all West Virginia, is believed to hold enough natural gas to meet the entire energy needs of the United States for at least 20 years. Wouldn’t it be great to own a “highway” that moves this resource to the consumer? That’s what Cone Midstream is!

    Having this highway is a pure cash machine. It doesn’t matter if prices for natural gas go up or down. People need to burn it, and you need a gathering system to get it to the people.

    CONE assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities. They currently generate all of their revenues under long-term, fixed-fee gathering agreements that they have entered into with their customers that limits their exposure to commodity price swings and enhances the stability of their cash flows. In the future, CONE will seek to supplement their growth by performing gathering services for new companies.

    The most recent earnings tell the story:

    Highlights of the most recent quarter: third quarter 2016 results as compared to the third quarter of 2015 include:
    · Net income of $23.6 million as compared to $19.7 million
    · Average daily throughput volumes of 840 billion Btu per day (BBtu/d) as compared to 642 BBtu/d
    · Adjusted EBITDA(2) of $26.8 million as compared to $21.9 million

    John T. Lewis, Chairman of the Board and Chief Executive Officer of CONE Midstream GP LLC (the "General Partner"), commented, "It is a pleasure to report another strong quarter of financial and operational results for CNNX. Net throughput volumes increased by 31% from the third quarter of 2015. Net income attributable to the Partnership, Adjusted EBITDA and distributable cash flow all increased by approximately 20% as compared to third quarter last year. As anticipated, we were free-cash-flow positive again during the quarter, with net cash provided by operating activities exceeding our total capital investments and cash distribution payments.” Mr. Lewis further noted that, "Based on our solid performance for the first nine months and our current outlook for the remainder of the year, we have increased our guidance for our full year 2016 results."

    Based on current expectations, management is providing the following updated guidance for 2016. Full year 2016 Adjusted EBITDA attributable to the Partnership, previously projected to be in the range of $96 - $106 million, is now expected to be in the range of $103 - $108 million. Full year distributable cash flow attributable to the Partnership, previously projected to be in the range of $82 - $92 million, is now expected to be in the range of $89 - $94 million.

    Great numbers, yes. But the big news is what is in store for the future. Previously, CNNX was a company beholden to transport the production of a joint venture between CONSOL Energy and Noble Energy. The two companies have decided to dissolve their joint venture and operate independently. It’s likely that this will mean that the companies will be more aggressive with their production plans and stuff the CONE gathering system like a Thanksgiving turkey. The new arrangement will boost the overall total drilling and production activity within the dedicated acreage. The speed of production and decision-making should be quicker, as these issues are no longer worked first through the joint development committee, and then approved by each of the companies.

    John T. Lewis, Chairman of the Board and Chief Executive Officer of CONE Midstream GP LLC (the “General Partner”), commented, “We look forward to continuing to work closely with and serve both of our Sponsors as they proceed with the development of their respective acreage positions. The total acreage dedicated to CONE by the Sponsors remains unchanged, and we will continue to gather their production under the same economic terms. We anticipate the changes brought about by the Exchange Agreement between CONSOL and Noble will be beneficial to CONE and all of our unitholders. The Agreement allows each Sponsor to independently advance their own development programs in the Appalachian Basin and should foster continued throughput growth on CONE’s gathering systems.”

    We’re going to see more drilling activity in 2017 to meet U.S. natural gas demand, and CONE's assets are positioned in some of the lowest cost acreage in the United States. The Marcellus is the crown jewel. CNNX has the right of first offer to provide midstream services to the CONSOL and Noble acreage, which currently includes approximately 194,000 net acres and any additional acreage covering the Marcellus Shale that is acquired by both companies covering over 18,300 square miles in West Virginia and Pennsylvania. The possibilities are insane. Both companies expect to accelerate production by drilling and completing both Marcellus Shale and Upper Devonian wells from the same well pads in certain areas, thereby increasing throughput on CONE’s gathering systems.

    CNNX generates all of their revenue under long-term, fixed-fee gathering agreements that they have entered into with Noble and CONSOL that have initial terms of 20 years and include substantial acreage dedications currently totaling approximately 496,000 net acres. It is literally a money machine.

    CONE’s executive management team has an average of over 15 years of experience in designing, acquiring, building, operating, financing and otherwise managing large-scale midstream and other energy assets.

    Two years ago, CONE's gathering throughput in the third quarter of 2014 totaled around 770 billion BTUs per day. This year, their Q3 gross throughput totaled 1,360 billion BTU per day, a 77% increase. Unit operating costs net of power had declined from $0.14 per million BTU to $0.078 per million BTU, a decrease of 44%. As a result, their gross EBITDA has doubled during the same period, growing from $21 million in Q3 of 2014, to $42 million in Q3 of 2016.

    Check out these stats:
    • Profit Margin 38.40%
    • Operating Margin (ttm) 56.46%
    • Return on Assets (ttm) 9.46%
    • Return on Equity (ttm) 16.85%


    Owning this stock is like owning the toll booth on the New Jersey Turnpike and having a Springsteen concert at the Meadowlands every night. You know the cars are going to be coming – The highway's jammed with broken heroes on a last chance power drive, Everybody's out on the run tonight,But there's no place left to hide.

    That’s right….turn on that gas and heat your house because $$$MR. MARKET$$$ is gonna get paid by owning CNNX stock.

    I am HUGE!!

    $$$MR. MARKET$$$
    www.mrmarketishuge.com
    Last edited by mrmarket; 12-03-2016 at 06:33 PM.
    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

  2. #2
    Join Date
    Oct 2003
    Location
    Hamilton MA
    Posts
    2,133

    Default

    Good luck, Large Person.

  3. #3
    Join Date
    Nov 2003
    Location
    ohio
    Posts
    8,928

    Default

    Mr.Market, This is a great stock. I never noticed it before. You had me when you said 4.5% dividend. Motley Fool says "One of the best high dividend yield stocks of 2016". It's worth 28 for sure. I'm buying Monday morn. Thanks

    ------------billy

  4. #4
    Join Date
    Sep 2003
    Posts
    4,867

    Default

    and if anyone knows his energy companies, it's $$MM... I'm in on this one, too, as soon as I can buy it @22!

  5. #5
    Join Date
    Jun 2009
    Location
    NJ
    Posts
    577

    Default

    I am on the CNNX train with Mr. Market at $21.96
    All aboard!

  6. #6
    Join Date
    Nov 2003
    Location
    ohio
    Posts
    8,928

    Default

    Got in at 21.90

    ----------billy

  7. #7
    Join Date
    Sep 2003
    Posts
    4,867

    Thumbs up

    Quote Originally Posted by billyjoe View Post
    Got in at 21.90

    ----------billy
    I'm in at just under 22 as well. All aboard the CNNX profit train! Woohoo!

  8. #8
    Join Date
    May 2005
    Location
    northern ohio
    Posts
    3,373

    Default

    Me too!.....

  9. #9

    Default

    I'm in at $22. Huge pick!

  10. #10
    Join Date
    Sep 2003
    Location
    Nijmegen, NL
    Posts
    2,195

    Default

    Mmm. Or something.
    My Investopedia portfolio
    (You need to have a (free) Investopedia or Facebook login, sorry!)

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. The Cubby Top 5
    By mrmarket in forum Discussion
    Replies: 5
    Last Post: 11-18-2016, 10:37 PM
  2. The Cubby Data Dump
    By mrmarket in forum Discussion
    Replies: 0
    Last Post: 11-16-2016, 11:46 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  




Do you like this site?

Take a look at the homepage
of $$$ MR. MARKET $$$