Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (50007)	11/11/2012 1:51:35 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78705

EKS, I think I am less sanguine than you are about GST and GST-A. However, I can't justify my worry with more than the issues you already mentioned. I continue to hold a smallish position in GST-A, but I probably won't add more and might even sell if it goes up.

To: E_K_S who wrote (50007)	10/29/2013 4:08:45 PM
From: E_K_S	Respond to of 78705

*Gastar Exploration 8.625% Series* (GST-PA) - Closed my entire position bought 11/2012 OCI Partners LP (OCIP) - Started position of this IPO @ $21.69/share Gastar Exploration Ltd. Announces Pricing of Public Offering of 10.75% Series B** Preferred Stock of Gastar Exploration USA, Inc. Even though the offering is for $2Mln (the A's were $16.2Mln) the high initial rate offered is causing the A's to fall significantly. Decided to book my entire gain closing out my position (No 4 in the taxable portfolio). Will look at buying some of the preferred B's at or around $25.00/share and/or back into the GSTpA at $20.10/share or lower (that is where the effective yield of 10.75% should price the A's at). Missed the inital IPO offering at $18.00/share and upon further analysis, this looks like a good but leveraged NG play that benefits from low priced NG feed-stock. Company is also expanding capacity that should increase revenues. Current 1st year distributions over 10% and that does not factor in the new plant expansions that should come online next year. Analysts came out today with a $30.00/share price target. This position is small at 0.4% as I would like to double up on my shares at any lower price if market corrects. EKS