vendredi 10 octobre 2014

about penny stocks @ MarketWatch

March 17, 2015 17:14 ET

Quicksilver Resources Files Voluntary Chapter 11 Petitions to Facilitate Financial Restructuring

Quicksilver's Canadian Operations Not Included in Filing; Operations to Continue Without Interruption

FORT WORTH, Texas, March 17, 2015 (GLOBE NEWSWIRE) -- Quicksilver Resources Inc. (OTCQB:KWKA) announced today that the Company and its U.S. subsidiaries Barnett Shale Operating LLC, Cowtown Drilling, Inc., Cowtown Gas Processing L.P., Cowtown Pipeline Funding, Inc., Cowtown Pipeline L.P., Cowtown Pipeline Management, Inc., Makarios Resources International Holdings LLC, Makarios Resources International Inc., QPP Holdings LLC, QPP Parent LLC, Quicksilver Production Partners GP LLC, Quicksilver Production Partners LP, and Silver Stream Pipeline Company LLC each filed a voluntary petition under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the "Court").

Quicksilver's Canadian subsidiaries were not included in the chapter 11 filing and will not be subject to the requirements of the U.S. Bankruptcy Code. Quicksilver Resources Canada Inc. ("QRCI") has reached an agreement with its first lien secured lenders regarding a forbearance for a period up to and including June 16, 2015 of any default under QRCI's first lien credit agreement arising due to the chapter 11 filing. The company does not anticipate that U.S. and Canadian operations will be interrupted as a result of the chapter 11 filing.

Glenn Darden, Quicksilver's Chief Executive Officer said, "Quicksilver's strategic marketing process has not produced viable options for asset sales or other alternatives to fully address the company's liquidity and capital structure issues. We believe that chapter 11 provides the flexibility to accomplish an effective restructuring of Quicksilver for its stakeholders."

Quicksilver has filed a series of motions with the Court to ensure the continuation of normal operations, including requesting Court approval to continue paying employee wages and salaries and providing employee benefits without interruption. The Company has also asked for authority to continue honoring royalty obligations, working interest obligations, and other obligations related to oil and gas leases. The Company expects that the Court will approve these requests. During the chapter 11 process, suppliers will be paid in full for all goods and services provided after the filing date as required by the Bankruptcy Code.

Quicksilver has established a toll-free Restructuring Information Hotline for employees, suppliers, landowners, royalty owners, investors, and other interested parties, at (877) 940-2410. For access to Court documents and other general information about the chapter 11 cases, please visit www.gardencitygroup.com/cases/kwk.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld LLP in the U.S. and Bennett Jones in Canada. Houlihan Lokey Capital, Inc. is serving as financial advisor.

About Quicksilver Resources

Fort Worth, Texas-based Quicksilver Resources is a publicly traded independent oil and gas company engaged in the exploration, development and acquisition of oil and gas, primarily from unconventional reservoirs including shales and coal beds in North America. Quicksilver's Canadian subsidiary, Quicksilver Resources Canada Inc., is headquartered in Calgary, Alberta. Quicksilver's common stock is traded on the OTCQB Marketplace under the symbol "KWKA." For more information about Quicksilver Resources, visit www.qrinc.com.

Subscribe to Quicksilver News

The company uses its investor relations website to post news releases, investor presentations, SEC filings and other material non-public information to comply with disclosure obligations under Regulation FD, and utilizes Really Simple Syndication ("RSS") as a routine channel to supplement distribution of this information. To subscribe to Quicksilver's RSS feeds, visit the company's website at http://investors.qrinc.com/rss.

In addition, users may elect to receive email alerts related to company news, SEC filings, webcasts, events and stock information. To register for email alerts, visit the company's website at http://investors.qrinc.com/alerts.

0,80 USD
+53,88% | +0,28
07/11/2014 22:03

Quicksilver Resources Inc. (NYSE:KWK) : Announced that it received notice from the NYSE that the company has not met the NYSE’s continued listing standard that requires a minimum average closing price of $1.00 per share over 30 consecutive trading days. Wells Fargo thinks the underperformance was driven by Quicksilver Resource’s (KWK) financial struggles, concerns regarding gas storage fundamentals as it impacts Tres Palacios. Investors in Quicksilver Resources Inc. (NYSE:KWK) should brace themselves for a big move in the stock price in the coming trading sessions. The technicals and the indicators suggest that the stock at 0.52 per share should continue to head higher; however, a break close to the 100-day and the 50-day moving averages at 1.362 and 0.7578.respectively, could lead to aggressive selling.

QUICKSILVER RESOURCES INC COM USD0.01 (KWK)

0,4098 USD
-5,42% | -0,02
10/10/2014 17:04

Quicksilver Resources Receives Continued Listing Standards Notice From the NYSE

Published @ MarketWatch: Oct 9, 2014 4:15 p.m. ET

FORT WORTH, Texas, Oct 09, 2014 (GLOBE NEWSWIRE via COMTEX) --

Quicksilver Resources Inc. KWK, -5.38% announced that today it received notice from the New York Stock Exchange (NYSE) that the company has not met the NYSE's continued listing standard that requires a minimum average closing price of $1.00 per share over 30 consecutive trading days.

Under the NYSE rules, Quicksilver has six months from the date of its receipt of the NYSE notice to regain compliance with the minimum share price requirement, or, if stockholder approval is required to cure the price deficiency (as would be the case for a reverse stock split), until the company's next annual meeting of stockholders. During that time, Quicksilver's shares will continue to be listed and will trade on the NYSE, subject to the company's continued compliance with the NYSE's other applicable listing rules.

The NYSE notification does not affect Quicksilver's business operations or its Securities and Exchange Commission reporting requirements, and does not conflict with any of the company's credit agreements or debt and other obligations. Quicksilver is taking steps to enhance its current and prospective financial position, including efforts to market company assets, identify joint venture partners or otherwise engage in strategic transactions. Quicksilver has notified the NYSE that it intends to cure the deficiency.

About Quicksilver Resources

Fort Worth, Texas-based Quicksilver Resources is a publicly traded independent oil and gas company engaged in the exploration, development and acquisition of oil and gas, primarily from unconventional reservoirs including shales and coal beds in North America. Quicksilver's Canadian subsidiary, Quicksilver Resources Canada Inc., is headquartered in Calgary, Alberta. Quicksilver's common stock is traded on the New York Stock Exchange under the symbol "KWK." For more information about Quicksilver Resources, visit www.qrinc.com.

Subscribe to Quicksilver News

The company uses its investor relations website to post news releases, investor presentations, SEC filings and other material, non-public information to comply with disclosure obligations under Regulation FD, and utilizes Really Simple Syndication ("RSS") as a routine channel to supplement distribution of this information. To subscribe to Quicksilver's RSS feeds, visit the company's website athttp://investors.qrinc.com/rss.

Forward-Looking Statements

Certain statements contained in this press release and other materials we file with the SEC, or in other written or oral statements made or to be made by us, other than statements of historical fact, are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements give our current expectations or forecasts of future events. Words such as "may," "assume," "forecast," "position," "predict," "strategy," "expect," "intend," "plan," "contemplate," "estimate," "anticipate," "believe," "project," "budget," "potential," or "continue," and similar expressions are used to identify forward-looking statements. They can be affected by assumptions used or by known or unknown risks or uncertainties. Consequently, no forward-looking statements can be guaranteed. Actual results may vary materially. You are cautioned not to place undue reliance on any forward-looking statements. You should also understand that it is not possible to predict or identify all such factors and should not consider the following list to be a complete statement of all potential risks and uncertainties. Factors that could cause our actual results to differ materially from the results contemplated by such forward-looking statements include: changes in general economic conditions; failure to satisfy our short or long-term liquidity needs, including the ability to access necessary capital resources and address near-term debt maturities; fluctuations in natural gas, NGL and oil prices; failure or delays in achieving expected production from exploration and development projects; our ability to achieve anticipated cost savings and other spending reductions and operational efficiencies; failure to comply with covenants under our Combined Credit Agreements and other indebtedness, the resulting acceleration of debt thereunder and the inability to make necessary repayments or to make additional borrowings; uncertainties inherent in estimates of natural gas, NGL and oil reserves and predicting natural gas, NGL and oil production and reservoir performance; effects of hedging natural gas, NGL and oil prices; fluctuations in the value of certain of our assets and liabilities; competitive conditions in our industry; actions taken or non-performance by third parties, including suppliers, contractors, operators, processors, transporters, customers and counterparties; changes in the availability and cost of capital; delays in obtaining oilfield equipment and increases in drilling and other service costs; delays in construction of transportation pipelines and gathering, processing and treating facilities; operating hazards, natural disasters, weather-related delays, casualty losses and other matters beyond our control; the effects of existing and future laws and governmental regulations, including environmental and climate change requirements; failure or delay in completing strategic transactions, particularly in contracting for a transaction involving our Horn River Asset; failure to make the necessary expenditures under or related to our contractual commitments, including our spending requirement pursuant to Fortune Creek; the effects of existing or future litigation; and additional factors described elsewhere in this press release.

This list of factors is not exhaustive, and new factors may emerge or changes to these factors may occur that would impact our business. Additional information regarding these and other factors may be contained in our filings with the SEC, especially on Forms 10-K, 10-Q and 8-K, including any amendments thereto. All such risk factors are difficult to predict, and are subject to material uncertainties that may affect actual results and may be beyond our control. The forward-looking statements included in this press release are made only as of the date of this press release, and we undertake no obligation to update any of these forward-looking statements to reflect subsequent events or circumstances except to the extent required by applicable law.

All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements.

 CONTACT: Investor & Media Contact: David Erdman (817)665-4023

Under Armour, Facebook & Micron Technology @ MarketWatch

UNDER ARMOUR INC COM STK USD0.000333 CL A (UA)

63,82 USD
-2,37% | -1,55
10/10/2014 16:23

FACEBOOK INC COM USD0.000006 CL 'A' (FB)

73,16 USD
-3,62% | -2,75
10/10/2014 16:32

MICRON TECHNOLOGY INC (MU)

27,90 USD
-8,94% | -2,74
10/10/2014 16:36

Under Armour, Facebook and Micron defy the odds for overpriced companies

Published @ MarketWatch: Oct 10, 2014 6:26 a.m. ET

JEFFREEVES

COLUMNIST

Under Armour posted its 17th consecutive quarter of 20%-plus revenue growth, with a 35% rise in apparel sales, including jackets and hoodies.

I recently panned camera maker GoPro as a momentum stock that is likely to take a spill. In a nutshell, the valuation and the challenges to profitability are just too much for me.

But while I don’t like this high flier, that doesn’t mean I think all stocks that go up must come down (hard). The reality is that many momentum stocks that are sky high now could push even higher in 2015 and beyond.

It’s important for investors to be discerning in their research and refrain from chasing fads, but there are indeed occasions when the proper move is to buy high and sell even higher.

Among 2014’s hottest investments, here are three big winners that I expect to go higher:

Under Armour, Facebook and Micron Technology vs the S&P 500 Index

Under Armour. 2014 return: 55%. Market value: $14.2 billion. Industry: apparel.

Under Armour Inc. UA, -3.23% is one of the hottest names on Wall Street. The shares are up a staggering 185% since January 2013 and 280% since January 2012.

Bears are convinced this is too much, too fast, and that an apparel company simply can’t support a forward price-to-earnings ratio north of 50.

But it’s worth nothing that there are two ways for a high price-to-earnings ratio to resolve itself — a drop in the numerator (the price) or a big jump in the denominator (the earnings).

I’m convinced Under Armour will experience the latter.

UA just posted its 17th consecutive quarter of 20%-plus revenue growth, an amazing feat. After a 34% jump in footwear sales and a 35% rise in apparel sales, management raised guidance for fiscal 2014 … for the third time this year! The forecast is now for a 28% to 29% revenue increase, up from an already brisk 24% to 25%.

Also noteworthy: UA just leapfrogged sports giant Adidas as the No. 2 sportswear brand in the U.S., according to Sterne Agee and SportScanInfo data. Still, Under Armour is a far from unseating Nike NKE,

Facebook. 2014 return: 40%. Market value: $200 billion. Industry: social media.

I’ll admit, I was skeptical about Facebook FB, -2.42% in 2013. But since then, I’ve changed my mind on this social-media and advertising giant.

Sure, I think the Oculus acquisition was a goofy move and, I question whether Mark Zuckerberg will do right by shareholders considering his near-dictatorial power.

But you can’t argue with the company’s growth, and you can’t argue with its scale.

The idea of a company having 1.2 billion users is still amazing, even in the age of social media. And lest you think this is simply a story of reach without profits, Facebook posted strong earnings yet again in July thanks to impressive mobile advertising growth.

That makes four straight quarters of beating earnings expectations, and the company is tracking earnings per share of about $1.50 in fiscal 2014 — 150% of the 60 cents in EPS last year.

Facebook has deftly transitioned its user base to a mobile platform and continues to monetize those users at a higher and higher rate despite the obvious challenges of squeezing advertising on a smartphone vs. a laptop screen. In fact, its most recent revenue per user hit $6.44 in the U.S. and Canada, up 10% quarter-over-quarter and almost 50% year-over-year.

Still, FB stock is still trading at a relatively modest forward P/E of 38.

Micron Technology. 2014 return: 57%. Market value: $36.5 billion. Industry: semiconductors.

Micron MU, -8.60% had a rough run in the wake of the Great Recession, as business spending was weak and mobile technology was en vogue.

But after bottoming at around $5 in late 2011, Micron’s stock has exploded to about $34. The run hasn’t slowed in 2014, either, with shares of this semiconductor stock up 57% vs. a 6% for the S&P 500 in the same period.

So what gives? Why would a sleepy, semiconductor stock catch fire in this way?

For starters, Micron cut costs deeply in fiscal 2012 and the temporary losses were necessary to “right size” the business and plot a way forward. It also snapped up Japanese chipmaker Elpida for $2.5 billion in 2012 to expand its reach.

And more recently, the chip market has shown some signs of stability as the global economy slowly mends and baseline demand for electronics has remained robust.

Consider that after this run, the company still trades at a mere 8.3 times forward earnings. For a stock to rise by this much and still have a single-digit P/E signals that there is indeed value to be had here.

As a result of both growth and its Elpida acquisition, revenue has soared from $9 billion in fiscal 2013 to $16.4 billion in fiscal 2014. Earnings are growing nicely, too, topping expectations in each of the last four quarters.

And the solid balance sheet is characterized by about $2 billion in operating cash flow annually and over $5 billion in cash and investments.

Ford @ The Fool

FORD MOTOR (F)

13,84 USD
-2,60% | -0,37
09/10/2014 22:01

Profile

Adam Levine-Weinberg
TMFGemHunter

Adam Levine-Weinberg is a senior Industrials/Consumer Goods specialist with The Motley Fool. He is an avid stock-market watcher and a value investor at heart. He primarily covers airline, auto, retail, and tech stocks. Follow him on Twitter for the latest news and commentary on the airline industry!

Ford Investors Are Missing the Big Picture

By Adam Levine-Weinberg

Ford Motor Company (NYSE: F ) shares have been slammed this week after the automaker revised its 2014 earnings guidance down by about 20%. Ford also pointed to long-term cost pressure that may keep its North American margins below the levels investors have enjoyed in the last few years.

Ford 5-Year Stock Chart, data by YCharts.

By the end of Tuesday, Ford shares had fallen to $14.79, after beginning the week at $16.33. (The stock began September even higher, above $17.50.) Yet Ford investors seem to be missing the forest for the trees.

While its earnings will be down in 2014, Ford is primed for a big bounce-back year in 2015. Furthermore, it has significant ongoing catalysts that should keep earnings growing in the next five years. The recent dip is a great opportunity for long-term investors to put some money to work in Ford stock.

Near-term outlook is under pressure

It's true that Ford's near-term guidance update was disappointing. The company had originally expected to generate a $7 billion to $8 billion pre-tax profit this year. That was already a decline from the $8.6 billion pre-tax profit it earned in 2013.

Ford will fall short of its original 2014 earnings projection.

On Monday, Ford slashed its 2014 pre-tax profit estimate to $6 billion. As my Foolish colleague Daniel Miller describes, the three big factors impacting Ford's 2014 forecast are higher warranty accruals -- mainly for older vehicles -- a sharp downturn in South America, and weakness in Russia. Those factors total a $2.2 billion negative impact.

That said, many of these issues are short-term in nature. Weak results in South America and Russia were caused by geopolitical issues: e.g., economic sanctions related to Russia's support for Ukrainian separatists, Argentina's default and the related litigation with U.S. hedge funds, and Venezuela's currency woes. These problems will eventually recede -- and if they don't, Ford will cut capacity to match the new demand environment.

Meanwhile, the $1 billion in higher warranty costs is a one-time adjustment primarily related to some recent recalls. However, Ford actually showed that warranty costs and quality issues have been on the decline in recent years, despite some well-publicized recalls.

Source: Ford investor day presentation.

On the flip side, general business conditions have been better than Ford projected late last year. Auto industry sales volumes have been equal to or better than its initial expectations in most major markets, including U.S., Europe, and China. In short, Ford's weaker 2014 performance is not indicative of serious long-term problems.

Earnings will start to rebound in 2015

In fact, Ford's profitability is likely to rebound strongly in 2015. In North America, the new 2015 Ford F-150 will hit dealer lots later this year. Its innovative aluminum body will enable better hauling and towing capacity as well as lower fuel consumption. This should drive strong demand for Ford's most valuable product line.

Ford's highly anticipated 2015 F-150 will go on sale soon. Source: Ford Motor Company.

Meanwhile, Ford will bring several new manufacturing plants online in China in the second half of 2014 and in 2015. This will nearly double its annual production capacity in China to 1.9 million units. This will support the launch of new models like the Ford Escort, which has beendesigned specifically for China to complement the Ford Focus in the compact car segment.

Just as important, Ford expects to dramatically cut its losses in the problem regions of Europe and South America. In Europe, Ford expects to reduce its loss by roughly $1 billion compared to the $1.2 billion loss projected for 2014, largely because of the impending closure of its Genk, Belgium, factory. Losses in South America should also moderate because of a few key product launches.

In total, Ford projects that pre-tax profit will reach $8.5 billion to $9.5 billion in 2015. That's not quite as good as the $10.6 billion pre-tax profit many analysts were expecting. Still, at the midpoint of the range, that would represent a record adjusted profit.

More profit growth levers ahead

The new Ford Escort is just one of 19 product launches planned for Ford's Asia-Pacific region in 2015. The automaker also has an unusually high number of product launches scheduled for 2015 in Europe. These new products will power Ford's long-term growth, but in the short term, launch costs will depress 2015 profitability.

Ford is launching lots of new products for Europe in 2014 and 2015. Source: Ford Motor Company.

The 2015 F-150 launch will also continue to constrain profitability in 2015. The Kansas City Assembly Plant -- one of two that build the F-150 -- will be closed for six weeks in early 2015 as it retools to produce the new models. Thus, Ford will only reach full production capacity of its most profitable model in Q2 next year. It won't have a full year of production of the new F-150 until 2016.

2016 will also be the first full year that Ford benefits from its increased production capacity in China. Another milestone scheduled for 2016 is the end of local production in Australia as Ford consolidates its operations to larger, more efficient, and cheaper factories in Asia.

On top of all these individual profit drivers, Ford expects to benefit from gradual worldwide economic improvement. Ford even hopes to revitalize its stodgy Lincoln nameplate as a small but solidly profitable luxury brand. All of these factors will drive earnings significantly higher by 2020.

The long-term outlook is bright

Looking at Ford's 2020 outlook, it's easy to be bullish about the company. Ford expects to grow automotive revenue at a compound annual growth rate of at least 5% between now and 2020. That would put automotive revenue at perhaps $190 billion to $200 billion by then, up from $139.4 billion last year.

New vehicles like the Ford Escort will drive sales growth in key markets. Source: Ford Motor Company.

Ford also expects its automotive operating margin to reach approximately 8% by 2020 as it finishes the implementation of its "One Ford" plan by moving virtually all of its vehicles to one of eight global platforms. This would imply automotive operating profit could reach $15 billion to $16 billion by the end of the decade.

Including profit from the Ford Credit division, which is already nearly $2 billion annually, Ford hopes to reach $18 billion in pre-tax profit by 2020. Assuming that the company's tax rate and share count remain similar to where they are today, that would boost EPS to about $3. Even with a below-average earnings multiple, Ford stock could be worth $40 by 2020 in that scenario.

Risks ahead -- but the potential rewards are bigger

All of these projections are just that: projections. Less than a year ago, Ford expected to earn $7 billion to $8 billion before tax in 2014 -- now it expects to earn just $6 billion. This serves as a good reminder to investors that projections are not guarantees of future performance.

That said, it would be wrong to presume that Ford is bound to miss its future targets just because it cut its 2014 guidance. In the short run, there's nothing Ford can do about global economic conditions. In the long run, it can adapt -- just as it has dramatically cut costs in North America and Europe in the last seven years in order to better match capacity to demand.

Furthermore, Ford's long-term outlook doesn't involve a lot of "heroic assumptions." It does expect to more than double sales in the Asia-Pacific region, but this is fully supported by its recent growth trajectory. Meanwhile, it's now projecting very modest earnings from Europe, with an operating margin of just 3% to 5% in 2020.

Ford may fall short of its 2020 targets. However, with the stock now trading for less than $15, there's a big margin of safety for investors even if its EPS can't reach $3 by 2020. In the meantime, Ford investors should stop worrying and enjoy the company's nice 3.4% dividend yield while they wait for the stock to recover.