Myth465 Posted November 8, 2010 Share Posted November 8, 2010 Ward is a busy man. I looked at the upcoming events for my holdings and he is at no less than 8 conferences before year end. Someone wants that SP up. I guess he is trying to get the world up and hope for a big announcement at one of those. Nov 9, 2010 Boenning & Scattergood Energy Conference - SD - Add to calendar Nov 11, 2010 Shareholders Meeting - WDC 11:00AM EST - Add to calendar Nov 12, 2010 Bank of America Merrill Lynch Global Energy Conference - SD 8:45AM EST - Add to calendar Nov 16, 2010 Barclays Capital Energy, Engineering and Construction One Day Forum - SD - Add to calendar Nov 17, 2010 UBS Energy Mini-Conference - SD - Add to calendar Nov 18, 2010 Bank of America Merrill Lynch Credit Conference - SD - Add to calendar Dec 3, 2010 JPMorgan SMid Cap Conference - SD - Add to calendar Dec 7, 2010 Capital One Southcoast, Inc Energy Conference - SD - Add to calendar Dec 8, 2010 Wells Fargo Securities Pipeline, MLP and Energy Symposium - SD Link to comment Share on other sites More sharing options...
CONeal Posted November 8, 2010 Share Posted November 8, 2010 If Ward bought some shares it would be far moe effective than waisting money on these conderences. Link to comment Share on other sites More sharing options...
Myth465 Posted November 9, 2010 Share Posted November 9, 2010 If Ward bought some shares it would be far moe effective than waisting money on these conderences. Lol good point, why buy shares when they come free every couple of months. Link to comment Share on other sites More sharing options...
Myth465 Posted November 10, 2010 Share Posted November 10, 2010 Ward isnt buying but Prem is :). Looks like we have good company. http://www.sec.gov/Archives/edgar/data/915191/000095012310103978/o66448sc13g.htm http://www.sec.gov/Archives/edgar/data/915191/000120919110054282/xslF345X03/c08266_4x0.xml I am wondering why they didnt buy the converts for the insurance subs. Link to comment Share on other sites More sharing options...
Zorrofan Posted November 10, 2010 Author Share Posted November 10, 2010 Good news indeed. I was hoping that they would be buying as it adds support to our original thesis. Thanks for posting! cheers Zorro Link to comment Share on other sites More sharing options...
Myth465 Posted November 10, 2010 Share Posted November 10, 2010 I really like the fact that Prem owns in his personal accounts. 1. Following the transactions reported herein, 277,000 Common Shares are held directly by V. Prem Watsa and the remaining Common Shares are held by subsidiaries of Fairfax Financial Holdings Limited, including 5,849,400 Common Shares held by Odyssey America Reinsurance Corporation and its subsidiaries. Link to comment Share on other sites More sharing options...
valuecfa Posted November 10, 2010 Share Posted November 10, 2010 prices paid: http://sec.gov/Archives/edgar/data/915191/000120919110054282/xslF345X03/c08266_4x0.xml Link to comment Share on other sites More sharing options...
rogermunibond Posted November 11, 2010 Share Posted November 11, 2010 FFH holdings of SD common have bounced all over the place. They are much more steady with their holdings of the 6% convertible preferred (2 million shares - 18.4m common) and the 8.5% conv. preferred (912,500 shares - 11.382m common). From April 2010 when they sold 7m shares of common and had only 4.2m shares, they now have 15.4m shares of common? Not sure how they did that and only filed one Form 4. Link to comment Share on other sites More sharing options...
valuecfa Posted November 11, 2010 Share Posted November 11, 2010 From April 2010 when they sold 7m shares of common and had only 4.2m shares, they now have 15.4m shares of common? Not sure how they did that and only filed one Form 4. I'm not sure how they pulled this one off, or if there is an error in the filings. Last 13-F showed only 3.9 million shares. Last Form 4 shows 15.4 million shares. The one form 4 filed recently noted 2 transactions for 1.2 million shares. Pretty big gap there. Link to comment Share on other sites More sharing options...
Myth465 Posted November 11, 2010 Share Posted November 11, 2010 Do you have to file at the 5% mark? This seems to have pushed them right over 10%. Maybe they spread the purchases around to avoid triggers and had to file when they hit 10%. This is fairly significant if you add the converts and I am thinking they may have participated in the private placement. Think about what this does for the subs. Getting a 7-9% yield in this market is amazing vs. tbills and corporate bonds. 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 44,015,048 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.1% ---- Perhaps I am misreading the filings. Link to comment Share on other sites More sharing options...
valuecfa Posted November 11, 2010 Share Posted November 11, 2010 13-G has them at 44 million shares. Form 4 has them at 15.4 million shares. Both filed the same day. :-\ Link to comment Share on other sites More sharing options...
alertmeipp Posted November 11, 2010 Share Posted November 11, 2010 wow.. that's good news. But remember, they have FBK too. ;D Link to comment Share on other sites More sharing options...
valuecfa Posted November 11, 2010 Share Posted November 11, 2010 Do you have to file at the 5% mark? The 13-G is for when you cross the 5% mark. The form 4 is for 10%. On the 13-G, shares reported as beneficially owned include shares issuable upon conversion of certain convertible securities (it seems, even though they are below conversion price). The form 4, i believe, just lists the plain old common. That appears to be the discrepancy. Correct me if i missed something. Link to comment Share on other sites More sharing options...
Myth465 Posted November 14, 2010 Share Posted November 14, 2010 Very good presentation. http://www.veracast.com/webcasts/bas/energy2010/id76965240.cfm Perhaps Ward hasnt lost his marbles. I will keep my leaps and will probably rotate into 2013 on a pullback. Hopefully they can pull in a jv on the Miss, where the partner pays for the drilling. I cant wait to see the asset sells which should come out over the next few months. Link to comment Share on other sites More sharing options...
Zorrofan Posted November 14, 2010 Author Share Posted November 14, 2010 Very good presentation. http://www.veracast.com/webcasts/bas/energy2010/id76965240.cfm Perhaps Ward hasnt lost his marbles. I will keep my leaps and will probably rotate into 2013 on a pullback. Hopefully they can pull in a jv on the Miss, where the partner pays for the drilling. I cant wait to see the asset sells which should come out over the next few months. Maybe i've lost my marbles, but it seems that Ward has a plan for really building shareholder value. He just needs to execute. The next few quarters may be key to showing if SD can pull it off. cheers Zorro Link to comment Share on other sites More sharing options...
valuecfa Posted November 17, 2010 Share Posted November 17, 2010 Looks like Prem and team aren't done accumulating: http://sec.gov/Archives/edgar/data/915191/000120919110055341/xslF345X03/c08370_4x0.xml ~Long SD LEAPS Link to comment Share on other sites More sharing options...
Myth465 Posted November 17, 2010 Share Posted November 17, 2010 You are correct. Thats a huge increase in just a few days. Very positive. http://www.secform4.com/filings/1349436/000120919110055436.htm Valuecfa if you dont mine me asking, what call did you buy? I own the 2012 $5s. Link to comment Share on other sites More sharing options...
goldfinger Posted November 18, 2010 Share Posted November 18, 2010 In their last presentation, page 16, you can see IP rates of 379, 824 and 132 bopd on the last 3 wells. That's kind of good. If they can execute like this a for a few quarters more value will show. Link to comment Share on other sites More sharing options...
bargainman Posted November 19, 2010 Share Posted November 19, 2010 Quick question, as I'm just getting my head around this company. What happened 2-3 years ago? The stock took a dive from $65 way down very fast. Thanks for any info. Link to comment Share on other sites More sharing options...
Shane Posted November 19, 2010 Share Posted November 19, 2010 wow.. that's good news. But remember, they have FBK too. ;D I follow gurufocus.com a lot for the SEC filings, It's a great source of ideas for me as I am trying to learn from successful managers right now. Is there a similar site for international filings? I ask because FBK is listed on the TSE so I assumed your getting that from canada's equivalent to the edgar filing system? Link to comment Share on other sites More sharing options...
Myth465 Posted November 19, 2010 Share Posted November 19, 2010 Quick question, as I'm just getting my head around this company. What happened 2-3 years ago? The stock took a dive from $65 way down very fast. Thanks for any info. Nat gas was $16 in 2005, now its $3 and some change. SD at that point was over 95% nat gas and its gas is not low cost due to having alot of CO2. Ward worked fast and switched to oil, I think he avoided a take under or bankruptcy but the stock still got crushed. Link to comment Share on other sites More sharing options...
valuecfa Posted November 19, 2010 Share Posted November 19, 2010 You are correct. Thats a huge increase in just a few days. Very positive. http://www.secform4.com/filings/1349436/000120919110055436.htm Valuecfa if you dont mine me asking, what call did you buy? I own the 2012 $5s. I recently rolled over into the 2013 $7.50's Link to comment Share on other sites More sharing options...
Myth465 Posted November 19, 2010 Share Posted November 19, 2010 Thanks. Interesting move. Link to comment Share on other sites More sharing options...
alertmeipp Posted November 19, 2010 Share Posted November 19, 2010 I would just go common. Just want to remove the time variable completely. Who knows when Tom will decide to make another acquisition with shares. Link to comment Share on other sites More sharing options...
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