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Larry Smith

 
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  • House Budget Committee Chairman Paul Ryan calls his latest budget proposal "an invitation to the president of the United States, to the Senate Democrats to come together to fix these problems." Democratic Representative Chris Van Hollen says it's a "total uncompromising" blueprint and dead on arrival. Hollen adds a warning to the markets as well, noting that despite the healthy performance of stocks recently, the impact from another stalemate will likely reverse those gains very quickly. [View news story]
    What do you think the Republicans should have done, created a budget the Democrats would have fallen over themselves to approve. I don't think that is what their constituents sent them to Washington to do. They were elected too and they have a right to advocate what they believe in.

    If the Democrat controlled Senate passes a budget, which they haven't done, then the process can play itself out and we will have a bi-partisan budget. If you want to know why nothing has gotten done in Washington, look at the Senate, not the House.

    My bent out of shape comment referred to being upset over Ryan's budget, it is not becoming law, as Ryan said, this is the first step. Now if the Democrats pass a budget, the negotiating can begin.
    Mar 12, 2013. 08:47 PM | 8 Likes Like |Link to Comment
  • The U.S. May Lead LNG Exports: Who Will Be The Winners? [View article]
    Macro and Frac, thanks for the comments, I always believe discussion is helpful for everyone.

    The New York Times article was full of words like "could" and "may" and also factually wrong, when they said only Cheniere has received approval for export. Both XOM and SRE have approval to export to free trade countries. Also the idea that Japan or some other Asian countries will frack their own natural gas is silly, Japan has no natural gas and is in bad need of more energy resources after shutting down their reactors. Many other Asian countries are in the same predicament. Europe is just now exploring the possibility of fracking and their geological make-up is far different than the United States. Even if the European countries were able to use fracking technology to find natural gas, and that is not a given, they have far less infrastructure in place than the United States.

    Just because it was in the NY Times, doesn't mean it will prove correct.
    Jan 7, 2013. 09:00 AM | 8 Likes Like |Link to Comment
  • House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
    I am a Republican, but I am sick of the Tea Party guys and Grover Norquist. Compromise is needed, they do not control the Senate or the White House so why do they think they can dictate what happens. The hell with it, go over the cliff so we can all pay more taxes, then what will they say. Sick of all of them!
    Dec 20, 2012. 10:26 PM | 8 Likes Like |Link to Comment
  • Patient Investors: An Interesting Dividend Approach Using Your Home Equity [View article]
    So I should take out the equity I have in my home and invest it in stocks, so that 9 years from now I can have more income than loan payments. No thanks!

    I sure hope no one follows this advice. As Warren Buffett has stated, never go in to debt to invest in stocks.
    Sep 14, 2012. 10:43 AM | 8 Likes Like |Link to Comment
  • August Nonfarm Payrolls: +96K vs. consensus +125K, prior +141K (revised from 163K). Unemployment rate 8.1% vs. consensus 8.3%, 8.3% previous. [View news story]
    I think they just like the avatar picture.
    Sep 7, 2012. 10:10 AM | 8 Likes Like |Link to Comment
  • Exxon Mobil: When Great Companies Sometime Make Horrible Investments [View article]
    You are wrong on a number of points.

    1 - Because XOM is an integrated oil/gas company they can effectively use the natural gas as low cost feedstock for the chemical plants.

    2 - They have stated that they have moved much of their rigs to liquid plays.

    3 - Exxon doesn't think day to day, they think 10 to 20 years out, natural gas is going to be a growing energy source for years to come.

    4 - When XOM bought XTO they paid $35 billion for acres that contained 45 trillion cubic feet of gas. Further exploration has raised the available natural gas in those acres to 82 trillion cubic feet.

    5 - XOM pointed out that the high cost of oil actually hurt their production as they ran up against production limits in several countries. Some countries limits how much the international companies can produce in their country based on a dollar amount.

    6 - Chesapeake has a terrible balance sheet so they have to worry about the next 6-months and can't think 10 to 20 years out, XOM can.

    An investor will be well served investing in XOM.

    Long -XOM
    Apr 6, 2012. 09:35 AM | 8 Likes Like |Link to Comment
  • Warren Buffett Vs. The Rockefellers: One Of Them Is Wrong On Fossil Fuels [View article]
    As previously stated, the Rockefellers are part of the liberal elite who believe in some utopia where we don't use fossil fuel. They are sadly, uninformed and borderline delusional.

    Let me share a quote from the most recent BP Statistical Review of Energy.

    "Coal consumption grew by 3% in 2013, below the 10-year average of 3.9% but it is still the fastest growing fossil fuel. Coal's share of global primary energy consumption reached 30.1%"

    Coal is still the fastest growing fossil fuel and is still the leading energy source. Just replacing coal will be a huge human endeavor. Oil and natural gas will be needed by the world population for decades to come.

    Several years ago the Rockefellers tried to build shareholder support to force XOM to move into renewable energy, it failed. XOM will be providing the fuels the world needs, for a very long time and they will happily do it without the Rockefellers.

    Long XOM and an admirer of John D. Rockefeller.
    Oct 7, 2014. 02:27 PM | 7 Likes Like |Link to Comment
  • Exxon: More 'Major' Moves In The Permian Basin Shale Oil Play [View article]
    Nice concise, informative article Jennifer, it was an interesting read.
    Feb 11, 2014. 08:46 AM | 7 Likes Like |Link to Comment
  • A No-Brainer Dividend Growth Investment [View article]
    Thanks for your comment. Do you have something against, yogurt, oatmeal, salads, grilled chicken sandwiches, egg white sandwiches, apple slices, various snack wraps that are 300 calories or less, water, juice, milk, etc, all of which is available at your local MCD?
    Jan 21, 2014. 03:54 PM | 7 Likes Like |Link to Comment
  • Kinder Morgan companies sink after scathing Hedgeye report [View news story]
    I am buying more KMI, right now.
    Sep 4, 2013. 11:41 AM | 7 Likes Like |Link to Comment
  • My Prediction For 2013 - All Other Predictions Will Be Wrong [View article]
    I assume you meant the S&P, I would be willing to bet it doesn't hit 444. Thanks for sharing your thought.
    Dec 28, 2012. 09:48 AM | 7 Likes Like |Link to Comment
  • My Prediction For 2013 - All Other Predictions Will Be Wrong [View article]
    Thanks for commenting Manider, curious why you don't think XOM or P&G will be around in 10 years, I am pretty confident they will.

    You are correct that the "official" unemployment rate is too low, but if a person is going to predict a future unemployment rate, that is the number they would have to state.
    Dec 28, 2012. 07:23 AM | 7 Likes Like |Link to Comment
  • Exelon: Wisconsin Energy Generates Electrifying Performance Compared To Exelon [View article]
    I plan on being around in 2030 and I am willing to bet the entire Midwest and West will not be a desert. In addition, despite what you say, not every scientist believes climate change is real or man made. The Dust Bowl of the 30's came and went, but no one claimed global warming. Last spring and summer were very wet and cool, this summer is warm and dry so of course this summer proves climate change. Sorry, but the weather always changes and always will.
    Aug 28, 2012. 08:25 PM | 7 Likes Like |Link to Comment
  • Buffett's 50-Year-Old Principles Are Still Sound [View article]
    I would respectively disagree with your comments. Buffett's words and this article would absolutely help the average small investor. You can't get from $75,000 to millions over night, but you can improve your investment results following Buffett's advice.

    Most small investors are looking for the quick easy buck, looking to invest with a fast pay off. Unfortunately that is not the way to invest and more times than not leads to losses. A small investor may never have a million, but if he/she takes a long term view and invests in solid dividend paying companies that are reasonably priced, he /she will be better off.

    Perhaps those Fidelity accounts only have on average $75,000 because the owners of those accounts don't take a long term view.
    Aug 1, 2012. 08:55 PM | 7 Likes Like |Link to Comment
  • My Investment Advice: Do Nothing! [View article]
    Thanks for the comment remurayland. I have looked at selling calls on my holdings, but I am simple guy and prefer to keep it simple. I know it works well for many people. Good Luck!
    Jul 15, 2012. 05:39 PM | 7 Likes Like |Link to Comment
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