Legacy Reserves (NASDAQ: LGCY ) has drawn more money out of the ground for its investors. The company will distribute $0.575 per share of its common stock on May 15 to holders of its common units as of May 2. This amount represents an increase of $0.005 per unit, or 3.6%, over the company’s previous payout of $0.570. Before that, Legacy Reserves paid $0.565 per share.
The new dividend annualizes to $2.30 per share, which yields 8.5% at Legacy Reserves’ most recent closing stock price of $27.21.
The company also announced that it will discuss its Q1 results in a conference call and webcast on the morning of May 7.
5 Best Safest Stocks To Buy Right Now: AMC Networks Inc (AMCX)
AMC Networks Inc. (AMC Networks), incorporated on March 9, 2011, is a holding company and conducts substantially all of its operations through its subsidiaries. AMC Networks owns and operates several of cable television’s brands delivering content to audiences. AMC Networks operates in two segments: National Networks, which includes AMC, WE tv, IFC and Sundance Channel, and International and Other, which includes AMC/Sundance Channel Global, its international programming business; IFC Films, its independent film distribution business, and AMC Networks Broadcasting & Technology, its network technical services business. The Company’s National Networks are distributed throughout the United States through cable and other multichannel video programming distribution platforms, including direct broadcast satellite (DBS) and platforms operated by telecommunications providers. In addition to the Company’s the United States distribution, AMC, IFC and Sundance Channel are available i n Canada and Sundance Channel and WE tv are available in other countries throughout Europe and Asia.
AMC Networks owns four nationally distributed entertainment programming networks: AMC, WE tv, IFC and Sundance Channel, which are available to its distributors in high-definition (HD) and/or standard-definition formats. The Company’s programming networks principally generate their revenues from the distribution of programming and the sale of advertising. Affiliation fees paid by multichannel video programming distributors represent the largest component of distribution revenue, which also includes the licensing of original programming for digital, foreign and home video distribution. As of December 31, 2012, AMC, WE tv and IFC had 98.9 million, 81.5 million and 69.6 million Nielsen subscribers, respectively, and Sundance Channel had 50.2 million viewing subscribers.
AMC is a television network dedicated to the storytel ling, whether commemorating favorite films or creating origi! nal programming. In addition to presenting feature films from its movie library, AMC features original programming that includes dramatic series, such as Mad Men, Breaking Bad, The Killing, Hell on Wheels and The Walking Dead. In addition, the network has introduced unscripted programming, including Talking Dead, Comic Book Men, The Pitch and Small Town Security. AMC’s film library consists of films that are licensed from studios, such as Twentieth Century Fox, Warner Bros., Sony, MGM, NBC Universal, Paramount and Buena Vista under long-term contracts. AMC generally structures its contracts for the cable television rights to air the films during identified window periods. As of December 31, 2012, AMC had affiliation agreements with the United States multichannel video programming distributors and reached approximately 99 million Nielsen subscribers.
WE tv is a women’s network that features original stories for and about modern women who are taking charge of thei r life, their family and their household. WE tv’s original series include Braxton Family Values, Tamar & Vince, Mary, Joan and Melissa: Joan Knows Best? and My Fair Wedding with David Tutera, among others. In addition, WE tv’s programming includes series, such as Charmed, Ghost Whisperer and Roseanne, as well as feature films, with license rights to certain films from studios, such as Paramount, Sony and Warner Bros. As of December 31, 2012, WE tv had affiliation agreements with the United States multichannel video distributors and reached approximately 82 million Nielsen subscribers. IFC creates original comedies that are in keeping with the network’s Always On. Slightly Off brand and which air alongside a collection of films and comedic cult television shows.
The network’s original content includes the comedy series Portlandia, created by and starring Fred Armisen and Carrie Brownstein, and executive produced by Saturday Night Live’s Lorne Michaels. Other IFC originals include Comedy Bang! Bang!, R. Kelly’s Trapped in ! the Close! t and Out There, an animated series created by the long time animation director of South Park. IFC’s programming also includes series, such as Arrested Development, Freaks and Geeks and Malcolm in the Middle, along with films from independent film distributors including Fox, Miramax, Sony, IFC Films, Lionsgate, Universal, Paramount and Warner Bros. As of December 31, 2012, IFC had affiliation agreements with the United States multichannel video distributors and reached approximately 70 million Nielsen subscribers.
Sundance Channel also has a slate of original unscripted series. Sundance Channel original unscripted programming includes the docu -series Push Girls, and celebrity vehicles The Mortified Sessions and Iconoclasts. In addition, the network benefits from its relationship with Sundance Institute and the Sundance Film Festival, where each year the network gives festival attendees and viewers access to the festival on-site and through dedicated programming on-air and online. As of December 31, 2012, Sundance Channel had affiliation agreements with the United States multichannel video programming distributors and reached approximately 50 million viewing subscribers. As of December 31, 2012, Sundance Channel generated advertising revenue from sponsorship arrangements and promotional breaks, rather than traditional advertising spots.
International and Other
In addition to the Company’s National Networks, AMC Networks also operates AMC/Sundance Channel Global, which is its international programming business; IFC Films, its independent film distribution business; and AMC Networks Broadcasting & Technology, its network technical services business. The Company’s International and Other segment also includes VOOM HD Holdings LLC (VOOM HD). AMC/Sundance Channel Global’s business principally consists of seven channels in 13 languages spread across 24 countries, focusing primarily on AMC in Canada and globally on versions of the Sundance Channel and WE tv brands. Princ! ipally ge! nerating revenues from affiliation fees, AMC/Sundance Channel Global reached approximately 15.9 million viewing subscribers in Canada, Europe and Asia as of December 31, 2012.
Sundance Channel provides independent film and also features certain content from AMC, IFC, Sundance Channel and IFC Films, as well as serves as a pipeline of international content, in an effort to provide distinctive programming to an upscale audience. AMC Networks provides programming to the Canadian market through its AMC and Sundance Channel brands. Providing programming in the Korean and Mandarin languages, WE tv Asia provides a selection of the domestic programming from the WE tv the United States network with programs like Bridezillas and My Fair Wedding with David Tutera, and some of the programming from networks in the United States, such as Tabatha’s Salon Takeover and Tori & Dean. With the same broad satellite footprint as Sundance Channel-International, WE tv Asia is available in South Korea, Malaysia, Taiwan, Singapore and Hong Kong. IFC Films, the Company’s independent film distribution business, makes independent films available to a worldwide audience. IFC Films operates three distribution labels: Sundance Selects, IFC Films and IFC Midnight. IFC Films has a film library consists of more than 500 titles.
IFC Films also operates IFC Center, DOC NYC and SundanceNow. IFC Center is a independent movie theater located in the heart of New York City’s Greenwich Village. DOC NYC is an annual festival also located in New York City celebrating documentary storytelling in film, photography, prose and other media. AMC Networks Broadcasting & Technology is a full-service network programming feed origination and distribution company, which primarily services the programming networks of AMC Networks. AMC Networks Broadcasting & Technology’s operations are located in Bethpage, New York, where AMC Networks Broadcasting & Technology consolidates o rigination and satellite communications functions in a 60,00! 0 square-! foot facility designed to keep AMC Networks at the forefront of network origination and distribution technology.
- [By Bloomberg]
To spark a bidding contest for World Wrestling Entertainment Inc. (WWE), all Vince McMahon needs to do is wave a “for sale” sign. McMahon, 68, controls the voting power of the $2.3 billion company that’s been entertaining spectators with staged fights for decades. The stock is at a record after WWE launched its own subscription streaming network and became the subject of takeover speculation. Should McMahon ever decide he’s ready to sell, companies from Comcast Corp. (CMCSA) to Madison Square Garden Co. (MSG) may line up with offers, Albert Fried & Co. and National Alliance Capital Markets said. “What is McMahon’s succession plan and who will he pass the keys of the kingdom to?” Robert Routh, an analyst at National Alliance, said in a phone interview. “WWE would be very attractive to many different types of buyers. What they’ve built can’t be recreated. But without McMahon’s blessing, it doesn’t matter how much somebody is willing to pay for the company.” The franchise that thrust Hulk Hogan and The Rock into stardom owns the television shows “Raw” and “Smackdown,” which have a dedicated following and command high cable-TV ratings, Vertical Group said. The company, which is hosting its annual WrestleMania event in three weeks, will post its best revenue and profit growth in more than a decade next year, according to analysts’ estimates compiled by Bloomberg. Stock Surge The stock has climbed 35 percent this month, in part because of takeover speculation, to close at $30.94 last week. WWE isn’t in merger talks, Chief Financial Officer George Barrios said in an interview March 6. A representative for the Stamford, Connecticut-based company, declined to comment last week beyond Barrios’ earlier statement. WWE’s programs, which air on Comcast’s USA and SyFy cable networks, may find a new home by the end of April, Barrios said. He said the company is in discussions on future domestic TV distribution with “multiple parties.” It has held distribution tal
- [By Rich Bieglmeier]
Analyst Robert G. Routh says to “Buy” AMC Networks Inc (NASDAQ:AMCX). AMC is a holding company and conducts substantially all of its operations through its subsidiaries. AMC Networks owns and operates several of cable television’s brands delivering content to audiences. AMC Networks operates in two segments: National Networks, which includes AMC, WE tv, IFC and Sundance Channel, and International and Other, which includes AMC/Sundance Channel Global, its international programming business; IFC Films, its independent film distribution business, and AMC Networks Broadcasting & Technology, its network technical services business.
- [By Will Ashworth]
The cable network with the highest number of total viewers in 2013 was USA Network with 2.7 billion. It’s owned by NBCUniversal which in turn is owned by Comcast. In fact, the top nine cable networks are all owned by big players such as Time Warner (TWX), Twenty-First Century Fox (FOXA), Disney, Hearst and Comcast. In the 10th spot is AMC Networks (AMCX), with 1.8 billion total viewers. It’s an attractive network with shows like Mad Men and The Walking Dead keeping viewers glued to their TVs.
- [By Tim Beyers]
Better Call Saul
Episodes ordered: Full season
Starring: Bob Odenkirk
Networks: AMC Networks (NASDAQ: AMCX ) , Sony, and Netflix (NASDAQ: NFLX )
5 Best Safest Stocks To Buy Right Now: Golar LNG Partners LP (GMLP)
Golar LNG Partners LP (the Partnership), incorporated on September 24, 2007, is a limited partnership formed as a wholly owned subsidiary of Golar LNG Limited (Golar), an independent owner and operator of floating storage re-gasification units (FSRUs) and liquefied natural gas (LNG) carriers, to own and operate FSRUs and LNG carriers under long-term charters. The vessels in its fleet are chartered to BG Group, Pertamina, Petrobras and Dubai Supply Authority. As of December 31, 2012, Golar owned its 2.0% general partner interest, all of its IDRs and a 49.9% limited partner interest in it. As of December 31, 2012, its fleet consisted of a 100% interest in the Golar Spirit, which is operating under a time charter with Petrobras; a 100% interest in the Golar Winter, which is operating under a time charter with Petrobras; a 100% interest in the Golar Freeze, which is operating under a time charter with Dubai Supply Authority (DUSUP), the purchaser of natural gas in Dubai; a 100 % interest in the Methane Princess, which is operating under a time charter with BG Group PLC (BG Group), and a 60% interest in the Golar Mazo, an LNG carrier, which is operating under a time charter with PT Pertamina (Pertamina). In July 2012, Golar sold its interests in the companies that own and operate the floating storage and regasification unit (FSRU) Nusantara Regas Satu to the Company. As of April 30, 2013, the Company has a fleet of four FSRUs and four LNG carriers. In November 2012, the Company acquired from Golar interests in subsidiaries that lease and operate the LNG carrier, the Golar Grand.
The Company provides the services of each of the Golar Spirit and the Golar Winter to Petrobras under separate time charter parties (or TCP) and operation and services agreements (OSAs). The TCPs and OSAs are interdependent and when combined have the same effect as the time charters for its LNG carriers. The services of the Golar Fre eze are provided to DUSUP under a TCP. The Golar Spirit and ! Golar Winter charters also contained provisions giving Petrobras the option to purchase the vessels from it under certain circumstances.
LNG Carrier Charters
The Company provides the LNG marine transportation services of the Golar Mazo, Methane Princess and the Golar Maria under a time charters with LNG Shipping SpA. A time charter is a contract for the use of the vessel for a fixed period of time at a specified daily rate. Under a time charter, the vessel owner provides crewing and other services related to the vessel’s operation.
The Company competes with Royal Dutch Shell, BP, BG, Malaysian International Shipping Company, National Gas Shipping Company, Qatar Gas Transport Company, Excelerate Energy, Hoegh LNG, Exmar, Teekay LNG and MISC Berhad.
- [By Robert Rapier]
Q: Golar (GMLP) has been doing well lately after an up/down and eventually flat year in 2013. While sometimes diverging TGP performed about the same. Thoughts on any catalyst this year that might help GMLP start to trend up consistently?
- [By Seth Jayson]
Golar LNG Partners Limited Partnership (Nasdaq: GMLP ) reported earnings on May 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Golar LNG Partners Limited Partnership met expectations on revenues and crushed expectations on earnings per share.
5 Best Safest Stocks To Buy Right Now: BioCryst Pharmaceuticals Inc.(BCRX)
BioCryst Pharmaceuticals, Inc., a biotechnology company, designs, optimizes, and develops small-molecule pharmaceuticals that block key enzymes involved in infectious diseases, cancer, and inflammatory diseases. It uses structure-based drug design, which incorporates multiple scientific disciplines, including biology, crystallography, medicinal chemistry, and computer to develop new therapeutic candidates. The company has three novel late-stage compounds in development, which include Peramivir, a neuraminidase inhibitor for the potential treatment of influenza; BCX4208, a purine nucleoside phosphorylase (PNP) inhibitor for gout; and Forodesine, a PNP inhibitor for cutaneous T-cell lymphoma (CTCL) and chronic lymphocytic leukemia (CLL). Peramivir is being developed under a contract from the Biomedical Advanced Research and Development Authority within the United States Department of Health and Human Services. Forodesine has been granted orphan drug status by the FDA for thr ee indications, which include T-cell non-Hodgkin?s lymphoma, including CTCL; CLL and related leukemias, including T-cell prolymphocytic leukemia, adult T-cell leukemia, and hairy cell leukemia; and for treatment of B-ALL. The FDA has also granted fast track status to the development of forodesine for the treatment of relapsed or refractory T-cell leukemia, and special protocol assessment from the FDA for forodesine to conduct a pivotal clinical trial in CTCL with an oral formulation. The company announced the initiation of a Phase 2b study of BCX4208 as add-on therapy in gout patients who have not responded to allopurinol therapy alone. BioCryst Pharmaceuticals utilizes crystallography and structure-based drug design to discover additional compounds and to progress others through pre-clinical and early development to address the unmet medical needs of patients and physicians. The company was founded in 1986 and is headquartered in Durham, North Carolina.
- [By John Udovich]
While the Twitter IPO has been grabing everyone’s attention, biotech IPOs continue to dominate both biotech and IPO news with Karyopharm Therapeutics Inc (NASDAQ: KPTI) going public yesterday and Relypsa (NASDAQ: RLYP), TetraLogic Pharmaceuticals (NASDAQ: TLOG), Vital Therapies (NASDAQ: VTL) and Xencor (NASDAQ: XNCR) filing to go public in the near future (despite the sector producing some ugly charts for the month of October) plus another small cap called TNI BioTech (OTCMKTS: TNIB) has also been producing a steady flow of news:
Karyopharm Therapeutics Debuts. Yesterday, small cap Karyopharm Therapeutics, which is working on a drug that aids the body’s natural tumor-suppressing proteins, debuted at the top of its range to raise $109 million in an upsized offering of 6.8 million shares at $16 apiece with shares closing at $16.81. It should be noted that Karyopharm Therapeutics’ lead drug candidate (Selinexor) is in early-stage clinical trials and the company lost lost nearly $12.5 million on revenue of $366,000 during the first six months of this year. Biotech IPOs by Region. On an interesting note, Luke Timmerman, the National Biotech Editor of Xconomy, has written a good article tracking biotech or life sciences IPOs by region. By his count, Boston is home to eight of the 45 (18%) of the life sciences IPOs this year (its companies have also raised the most money – about $770 million) plus the New York/northern New Jersey region is also home to eight. San Diego came in third with six IPOs followed by San Francisco with five while only five of the 45 biotech IPOs came from outside the US (Three from Israel and two from Europe). However, the above figures may change as by his account, there are 15 additional biotech companies in line to go public. More Biotechs Set IPO Terms. The small cap biotech space is about to be joined by a few new additions as a couple of biotechs file to go public over the past week or so: Relypsa, which is d
- [By Roberto Pedone]
Another under-$10 name in the bio therapeutic space that’s starting to move within range of triggering a major breakout trade is BioCryst Pharmaceuticals (BCRX), which designs, optimizes and develops novel drugs that block key enzymes involved in cancer, viral infections and autoimmune diseases. This stock has been on fire so far in 2013, with shares up a whopping 380%.
If you take a look at the chart for BioCryst Pharmaceuticals, you’ll notice that this stock recently formed a double bottom chart pattern at $6.07 to $6.24 a share. Following that bottom, shares of BCRX are now starting to spike higher right off its 50-day moving average of $6.50 a share. That spike is quickly pushing shares of BCRX within range of triggering a major breakout trade.
Market players should now look for long-biased trades in BCRX if it manages to break out above some near-term overhead resistance levels at $6.88 to $6.89 a share, and then once it takes out more resistance at $7.56 to its 52-week high at $7.80 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 2.51 million shares. If that breakout triggers soon, then BCRX will set up to enter new 52-week-high territory above $7.80, which is bullish technical price action. Some possible upside targets off that breakout are $10 to $12 a share.
Traders can look to buy BCRX off weakness to anticipate that breakout and simply use a stop that sits right below those key near-term support levels at $6.24 to $6.07 a share. One can also buy BCRX off strength once it clears those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Sean Williams]
Perhaps no shareholders jumped for more joy over the past week than those of BioCryst Pharmaceuticals (NASDAQ: BCRX ) , whose shares shot up 88% this week on word of a positive early-stage clinical trial for BCX4161. In a different context, shares have now jumped 155% in just the past two weeks. The oral experimental drug, BCX4161, which is designed to treat a rare condition known as hereditary angioedema (HAE), was considered safe and well tolerated among patients, and the company anticipates moving on to mid-stage testing soon. However, as the Fools Brian Orelli was quick to point out, this data came from a subset of healthy volunteers, and there’s little guarantee it will translate into success in future trials on patients that do suffer from HAE.
- [By Jon C. Ogg]
BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX) was started as Outperform with a $7 to $9 price target range at Wells Fargo.
Canadian Pacific Railway Ltd. (NYSE: CP) was upgraded to Outperform from Neutral and the price target was raised to $144 from $139 at Credit Suisse.
5 Best Safest Stocks To Buy Right Now: Australia and New Zealand Banking Group Ltd (ANEWF)
Australia and New Zealand Banking Group Limited (ANZ) provides a range of banking and financial products and services to retail, small business, corporate and institutional clients. The Company conducts its operations in Australia, New Zealand and the Asia Pacific region. It also operates in a range of other countries, including the United Kingdom and the United States. The Company operates on a divisional structure with Australia, International and Institutional Banking (IIB), New Zealand, and Global Wealth and Private Banking. As of September 30, 2012, the Company had 1,337 branches and other points of representation worldwide, excluding automatic teller machines (ATMs). In September 2012, it sold its remaining shareholding in Visa Inc. In May 2013, the Company ceased to be substantial holder in respect of ING Private Equity Access Limited. Advisors’ Opinion:
- [By MARKETWATCH]
LOS ANGELES (MarketWatch) — Australia stocks enjoyed early Monday gains after an advance for commodities and U.S. stocks since the last session, with a relatively good reception for earnings. The S&P/ASX 200 (AU:XJO) improved by 0.4% to 5,376.30, with miners tracking gains in gold and copper. Rio Tinto Ltd. (AU:RIO) (RIO) added 1.3%, and Fortescue Metals Group Ltd. (AU:FMG) (FSUMF) traded 1.1% higher, while gold miners Newcrest Mining Ltd. (AU:NCM) (NCMGF) and Kingsgate Consolidated Ltd. (AU:KCN) (KSKGF) rallied 2.2% and 4.7%, respectively. Banks rose after Wall Street shares climbed on Friday, with National Australia Bank Ltd. (AU:NAB) (NAUBF) up 1% and Australia & New Zealand Banking Group (AU:ANZ) (ANEWF) adding 0.9%, though Commonwealth Bank of Australia (AU:CBA) (CBAUF) dropped 2.4% as it traded without rights to its latest dividend. Coal transport firm Aurizon Holdings Ltd. (AU:AZJ) (QRNNF) tacked on 2.1% as its fiscal first-half underlying profit increased 18%, though net profit f
- [By MARKETWATCH]
LOS ANGELES (MarketWatch) — Australian stocks shimmied lower in early Tuesday trade, with earnings news moving the share prices of some major names. The S&P/ASX 200 (AU:XJO) moved off a flat open to trade down 0.1% at 5,218.50 after rising 1.1% the previous day. Financial blue chip Macquarie Group Ltd. (AU:MQG) (MCQEF) lost 2.7% following the release of its operational update, with broker BBY telling Dow Jones Newswires that the quarterly statement was very similar to its previous update, signaling no change to earnings expectations. Shares of Cochlear Ltd. (AU:COH) (CHEOF) , the world’s top hearing-implant maker, snapped 9.1% lower after the firm posted a larger-than-expected 73% drop in profit from a year earlier. However, Australia & New Zealand Banking Group (AU:ANZ) (ANEWF) managed to rise 0.5% after reporting a quarterly profit gain of more than 20% with fewer non-performing loans. Meanwhile, further gains for gold overnight lifted Newcrest Mining Ltd. (AU:NCM) (NCMGF) by 1.3%, Evolution Mining Ltd. (AU:EVN) (CAHPF) by 2.5% and St. Barbara Ltd. (AU:SBM) by 3%. On the downside for miners, Paladin Energy Ltd. (AU:PDN) (PALAF) lost 2.5% as selling surfac
- [By MARKETWATCH]
LOS ANGELES (MarketWatch) — Australia stocks rose early Thursday, with miners leading the way higher after a positive production report from Rio Tinto Ltd. (AU:RIO) (RIO) , while overall sentiment got a lift from U.S. gains overnight. The S&P/ASX 200 (AU:XJO) improved by 0.6% to 5,274.30, with shares of Rio Tinto rising 2.2% after reporting record high iron-ore shipments for 2013 and a sold gain for copper output. Rio’s peers also advanced, with BHP Billiton Ltd. (AU:BHP) (BHP) up 1.7%, Fortescue Metals Group Ltd. (AU:FMG) (FSUMF) ahead by 3.2%, and Oz Minerals Ltd. (AU:OZL) (OZMLF) adding 2.4%. Among the gold producers, Newcrest Mining Ltd. (AU:NCM) (NCMGF) surged 7.2% as J.P. Morgan raised its rating on the shares to overweight from neutral. Banks weren’t as lucky, however, with Australia & New Zealand Banking Group (AU:ANZ) (ANEWF) down 0.3%, while Westpac Banking Corp. (AU:WBC) (WEBNF) and Commonwealth Bank of Australia (AU:CBA) (CBAUF) lost 0.7% each as Citibank downgraded the trio t
5 Best Safest Stocks To Buy Right Now: TTM Technologies Inc.(TTMI)
TTM Technologies, Inc., together with its subsidiaries, provides printed circuit board (PCB) products and backplane assemblies worldwide. Its PCB products include conventional, high density interconnect, flexible, and rigid-flex PCBs, as well as backplane assemblies and IC substrates. The company also offers various services, such as design for manufacturability support during new product introduction stages, PCB layout design, simulation and testing services, quick turnaround production, and drilling and routing services. Its customers include original equipment manufacturers and electronic manufacturing service companies that primarily serve the networking/communications, aerospace/defense, high-end computing, cell phone, and medical/industrial/instrumentation end markets of the electronics industry. TTM Technologies, Inc. was founded in 1978 and is headquartered in Santa Ana, California.
- [By Brian Pacampara]
What: Shares of printed circuit board specialist TTM Technologies (NASDAQ: TTMI ) soared 17% today after its quarterly results topped Wall Street expectations.