AdamGalas

Adam Galas

I am a 28 year old who has been passionate about investing since my dad introduced me to this way of life at the age of 12. As I grew as an adolescent I used my life savings to try to earn my fortune in the thrilling world of high finance. Along the way I've made and lost several small fortunes through option speculation and aggressive growth investing and learned valuable lessons that I want to share. I am passionate about long-term, buy and hold, income focused investing. History teaches us that this approach is the most powerful means available to build long-term wealth and income. My goal is to teach my readers how to find, research and follow the kind of companies that will make their financial dreams come true.

AdamGalas’ Activity

Today

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Boards Post

AdamGalas replied to the The Grand Adventure board. 38 minutes ago

Re: Oilpocolypse 2.0

WOW! Brent down 5% today and WTI at $45? That's just $2/barrel above the $43/barrel low set in March.

Here's hoping for a lot more bloodshed. Personally I'm looking forward to sub $2 gas and sub $2 MCEP;)

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Boards Post

AdamGalas posted to the The Grand Adventure board. 40 minutes ago

Mid-Con Earnings Coverage

Ok so with a market cap of $88 million MCEP is too small for TMF to cover (our minimum market cap is $200 million) but after Linn suspended its distribution and given that this is the only direct oil producer on our list, (and one of my personal [more]

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Boards Post

AdamGalas replied to the The Grand Adventure board. 1 hour ago

Re: LINN Suspends Dividend

Well theoretically Russia can work with OPEC to control supply. Back in 1998 they said they would but then went back on their word and pissed OPEC off royally.

Sat Aug 1

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Boards Post

AdamGalas posted to the The Grand Adventure board. 10:29 PM

What Linn's Distribution Suspension can teach us

Its interesting to note that in its conference call one analyst asked why the distribution wasn't cut instead of being suspended.

Management said that it saw the ability to redirect the cash to buying back cheap debt as a better way of [more]

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Boards Post

AdamGalas replied to the The Grand Adventure board. 10:12 PM

Re: LINN Suspends Dividend

Technically I believe they are, unless you're thinking of the banks that provide Linn with its revolving credit facility. But keep in mind that buying back senior debt is a tender offer that usually only involves institutional investors, who I at [more]

Fri Jul 31

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Boards Post

AdamGalas posted to the The Grand Adventure board. 6:39 PM

Oilpocolypse 2.0

So oil is back to its rightful course which is down.

$47 for WTI and I'm hoping it keeps on falling and oil stocks are back to double digit declines, which is just swell.

I'll make sure to provide coverage on Aug 3 of MCEP's [more]

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Boards Post

AdamGalas replied to the The Grand Adventure board. 6:31 PM

Re: LINN Suspends Dividend

Let's hope so. If oil prices keep heading where they are for another year then Linn could be in major trouble.

Both them and Breitburn took on so much debt to expand and buy up competitors that ironically, a bankruptcy of both MLPs would [more]

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Boards Post

AdamGalas replied to the The Grand Adventure board. 9:35 AM

Re: LINN Suspends Dividend

I'm very interested that they were able to strike a deal to buy $700 million in convertible debt for just $.65 on the dollar.

Hopefully that is merely savvy management striking on a great opportunity and not a sign that creditors are [more]

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Boards Post

AdamGalas replied to the The Grand Adventure board. 9:33 AM

Re: LINN Suspends Dividend

Yay, I pitched an article idea about whether or not BBEP would follow Linn down the distribution suspension route.

That's the problem with high debt levels acquired during boom times. When the commodity cycle turns against you that debt can [more]

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Boards Post

AdamGalas replied to the The Grand Adventure board. 9:27 AM

Re: EMES

Sadly no, I wasn't able to partake, but oil is still low and hopefully can go below $43 it hit in March. That should help take EMES down below $20 and MCEP down below $3.

Tue Jul 28

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Boards Post

AdamGalas replied to the The Grand Adventure board. 4:28 PM

Re: Oil might be about to collapse

Thanks for the honesty. Yeah predicting oil prices is impossible and the way oil stocks have been trading recently is nuts.

So many oil stocks up today nearly double digits and oil prices up less than 1%.

I guess its a dad cat [more]

Sun Jul 26

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Boards Post

AdamGalas replied to the The Grand Adventure board. 11:11 PM

Re: Oil might be about to collapse

I'd be interested in hearing what your charts are telling you about a potential eventual bottom. Do you think oil will drop below $40?

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Article

AdamGalas published an article 9:22 PM

2 Reasons Now Is the Perfect Time to Buy ExxonMobil

Find out two reasons why now might be the perfect time to buy ExxonMobil and secure many years of market-beating total returns.

Wed Jul 22

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Boards Post

AdamGalas posted to the The Grand Adventure board. 9:13 PM

You NEED to read this

http://www.fool.com/investing/general/2015/07/14/investing-p...

My favorite is "roses are red, violets are blue, I don't know what will [more]

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Boards Post

AdamGalas replied to the The Grand Adventure board. 4:55 PM

Re: Oil might be about to collapse

WTI settled at around $49 and HCLP, another frac sand MLP cut its distribution 30%, to conserve cash. Management says it could still afford payout but thought it more prudent to be conservative given poor visibility in crude prices going forward. [more]

Tue Jul 21

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Boards Post

AdamGalas posted to the The Grand Adventure board. 9:51 PM

Apple earnings: amazing buying opportunity

http://www.fool.com/investing/general/2015/07/21/apple-earni...

Ignore the 7% AH drop, wait no buy this dip. These earnings are [more]

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Boards Post

AdamGalas replied to the The Grand Adventure board. 9:44 PM

Re: MIC

Not sure about unsustainable but you are right to worry about the high level and growth in management pay. As long as business is booming distributions can still grow, BUT when a downturn hits it might come down to distribution growth or management [more]

Mon Jul 20

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CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 71885 out of 75199
Score -1740.91
Score Change Today -115.09
Accuracy 37.97%
Active Picks 299
Total Picks 776
Best Pick OMAB (+148.45)
Worst Pick DUST (-187.84)
Average Score per Pick -2.41
Charms Earned 5
Highest Rated Favorite Dividends4Life
Go to AdamGalas’ CAPS page

Boards Stats & Trivia

Big red star, 1000 posts
Board Posts 2270
Recs Received 1833
People who have rec'd these posts 488
Recs to Posts Ratio (last 30 days) 3.30
Threads Started 1097
Threads Started Percentage 48.33 %
Most Frequent Board The Grand Adventure
Very First Post A II: Open Forum post. (3/30/2011)
Percentage of Posts Rec'd 37.05 %
Show AdamGalas’ 10 Latest Posts