Dig Into Nearly 35% YTM with Legacy Reserves, Bonds Mature December 2020

This week, Durig Capital takes an updated look at an oil and gas producer whose focus is primarily in the Permian Basin in Texas. Legacy Reserves has recently made the successful transition from master limited partnership to C-corporation. In addition, the company posted another excellent quarter for Q3.

 

  • Production increased by 31% (year-over-year).

  • Revenue increase of 36% over the prior year period.

  • Adjusted EBITDA increased by 33% as compared to Q3 2017.

Large Leading Companies Announce Major Profit Shortfall with Some Surprising Growth

US and China Feds Help Change the Market Outlook

Blockchain App Factory Adds Margin Trade and Perpetual Swap Contracts to its Whitelabel Cryptocurrency Exchange

Blockchain App Factory, is a leading cryptocurrency exchange development company, added features to its trading platform; margin trading and perpetual swap contracts. There has been a massive push by institutional investors to introduce futures trading for bitcoin and other cryptocurrencies.

The Regulatory Bodies are sceptical about margin and futures trading with Bitcoin. However, with perpetual swap contracts, we might be able to bring the stability the authorities are looking for to declare Bitcoin as an asset for trade,” said the spokesperson for Blockchain App Factory.

Margin trading is a highly lucrative and risky trade practice due to the presence of lending companies. Lenders provide leverage for traders to invest in cryptocurrencies, and lenders are benefitting from the interest. Exchanges can integrate their lending partners, thereby, creating a win-win for the exchange and the investors.

International Roundup: Bongo, Belgade, Beijing, Bolsonaro

New Congress Sworn In: New Members, Old Speaker, Long Odds

Joyoshare iPasscode Unlocker Officially Released to Remove iPhone Lock Screen

Joyoshare Software announces the release of its new iOS utility member named Joyoshare iPasscode Unlocker to remove screen lock on iPhone, iPad and iPod touch in mere minutes. As its name suggests, iPasscode Unlocker is specially designed to unlock iPhone passcode when users forgot password, got a second-hand iPhone with passcode, iPhone is disabled or cannot enter the password on a broken screen iPhone, etc.

Shut Down Continues with No End in Sight

Apple Update: The Good, the Bad, and the Ugly

NFL Playoffs: Teams and Fans Ready for a Wild Weekend

2019 Stock Market Bulls vs Bears Predictions

International Roundup: China, Channel, Congo, Colombia

Netanyahu in Peril? Israel Heads to the Polls

Shutdown Enters Second Week; Congress Waits Until Next Year

Gold Rising as Equities and Real Estate Fall; Which Will Prevail?

College Football’s Final Four Face Off Saturday

Pick Up Over 40% YTM with EP Energy, Bonds Mature June 2023

This week, Durig Capital takes another look at EP Energy NYSE:EPE), an oil and gas producer who has assets in the Eagle Ford, Permian and its newly renamed Northeastern Utah (NEU) asset. The company just posted exceptional results for its most recent quarterly results (three months ending September 30, 2018). Some of the highlights include:

 

  • Adjusted EBITDAX increased by 35%

  • Net cash provided by operating activities increased by 28%

  • Interest coverage of 1.9x

World Markets: The Good, Bad and Ugly

Facebook (FB) Multiple and Repeating Ethical Issues Are Not a Sign of a Well Run Company or Stock!

International Roundup: Detain, Delay, Defeat, Defect

Sec. Mattis’ Resignation Shocks Political Establishment

Federal Government Shuts Down as Congress, Trump Reach Impasse

Drive Home Over 10% YTM from Hertz Global, Bonds Mature October 2022

This week’s bond review ventures into the auto world, specifically car rentals. Hertz is one of the leading auto rental companies in the U.S. and around the world. The company recently posted its financial results for its third quarter, presenting solid evidence that the 2017 Transformation Plan is continuing to bear fruit. Some of the company’s excellent Q3 results include the following:

 

  • A 52% increase in in global net income.

  • U.S. adjusted corporate EBITDA increased by 25% year-over-year.

  • Revenues for U.S. operations also increased 10% year-over-year.

President Trump’s Surprise Syrian Announcement Draws Scorn, Praise

Premier League, NBA, Bowl Highlights: Christmas Sports Schedule

The Jay Powell Show on the 19th at 2 p.m. Eastern Time

Is China Pulling Down the World Economy?

Border Wall Battle; Partial Government Shutdown Looms

International Roundup: Climate, Coalitions, Comrades and Cease-Fire

PM May Survives Confidence Vote, But Brexit Uncertainty Looms

Has the Market Bottomed? A Lot of Smart People Think So!

Bowl Season Kicks Off With Five Games on Saturday

Auto Industry: Tesla, GM, Ford, Trump and China Updates

Apple, Qualcomm, and China

Budget Deadline Looms; What’s In and What’s Out

French Middle-Class Explodes in Anger at Macron and Elites

World Awaits Tuesday Vote on Brexit Deal

Find Over 16% YTM with Revlon, Bonds Mature February 2021

This week, Durig Capital takes a second look at an iconic cosmetic company that is continuing to refine its market strategy. Revlon, founded in 1932, has been identified with some of Hollywood’s biggest stars over the years. The company, under the direction of a new President and CEO, has recently posted some fantastic results for the third quarter including:

 

  • Adjusted operating income increased by 82% year-over-year.

  • A 35% increase in Adjusted EBITDA.

  • An increase in e-commerce sales of 23%.

  • Significant sales increases in China as well as North America.

USA China Truce Starts With Bomb Shells

Atlanta United Host Portland Timbers for MLS Cup Saturday

What is an Inverted Yield Curve and What Does It Mean?

How the China Trade “Pause” Effects Stocks

International Roundup: Rebellion, Provocation, Negotiation

“Three Amigos” Sign NAFTA Replacement; Await Ratification

  • U.S. President Donald Trump, Canadian Prime Minister Justin Trudeau, and outgoing Mexican President Enrique Peña Nieto concluded fifteen months of often contentious talks on Friday, and formally signed the US-Mexico-Canada agreement, or USMCA, which will replace NAFTA.
  • Canada remains concerned over steel and aluminum tariffs, imposed by Washington, and left unresolved in USMCA.  Prime Minister Trudeau used the signing ceremony as another opportunity to urge President Trump to drop them.
  • The agreement must now be ratified by the legislatures of each country, which is far from certain.  In both the new and old Congress, USMCA faces considerable hurdles, with everyone finding something to dislike.
  • Traditional business conservatives object to USMCA as moving North America further from free trade, and leaving the United States “with diminished trading opportunities, rather than expanded trading opportunities with Mexico and Canada.”
  • Social conservatives view sexual orientation and gender identity protections, included at Canada’s insistence, as a loss for American sovereignty.
  • The president, and his supporters, are hailing USMCA’s signing as nothing less than a win for America.

What is a “Neutral” Interest Rate? Powell and Trump Have Different Opinions

Championship Week Provides One More Opportunity for College Football Mayhem

  • Conference championships, and spots in the College Football Playoff, are on the line this weekend. The PAC-12 kicks things off Friday night, as the Washington Huskies and Utah Utes vie for a trip to the Rose Bowl.
  • The Big 12 Championship features a first ever Red River rematch. An Oklahoma win keeps the Sooners’ playoff hopes alive, while a Texas sweep sends the Longhorns to the Sugar Bowl.
  • The main event comes Saturday afternoon in Atlanta. The Georgia Bulldogs would almost certainly earn a return trip to the playoff, should they repeat as SEC champions. Meanwhile, top-ranked Alabama might be in anyway, even with a loss.
  • The Ohio State Buckeyes will play for their second consecutive Big Ten championship, and maybe a playoff spot as well. Hoping to make things simple, a Northwestern upset would give the Wildcats their first Rose Bowl berth in 23 years.
  • It’s almost a foregone conclusion that Clemson will win the ACC Championship Game, and with it, another trip to the playoff. The Tigers are favored by 27.5 over unranked Pittsburgh, for those who are so inclined.
  • The unenviable task of choosing college football’s final four falls to the selection committee. Watch as the field is announced, along with the rest of the New Years Six bowl games, Sunday at noon Eastern.

Explore Over 55% YTM with Sanchez Energy, Bonds Mature June 2021

This week, Durig Capital looks at an oil and gas producer whose focus is in the Eagle Ford formation. Sanchez Energy has spent the past few quarters perfecting its drilling techniques in its relatively new Comanche acreage and is now focusing on its flagship Catarina acreage to solidify its production and move towards improving its balance sheet. Sanchez recently released results for its third quarter and posted some impressive numbers including:

 

  • A 50% increase in revenues year-over-year.

  • A 25% increase in adjusted EBITDAX over the third quarter 2017.

  • Impressive interest coverage of nearly 2x.

  • A substantial cash position of $368.7 million.

Where is the Bitcoin Bottom?

Some Analysts Calling for Oil Rise to $100; Others Say Down to $40 a Barrel; Who’s Right?

US Border with Mexico: Clashes, Chaos, Crisis