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Matthew Smith

 
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  • Commodities Today: A Big Coal Call And BHP Billiton's Spin-Off [View article]
    Uncle Pie, just remember to read the filings and documents, because sometimes your broker will get the tax consequences incorrect (and not in your favor). If you can supply the documents with the opinions from the company (which comes from their tax lawyers and accountants) they will correct your 1099. Just an FYI for investors with foreign holdings.
    Aug 20 12:03 PM | Likes Like |Link to Comment
  • Commodities Today: A Big Coal Call And BHP Billiton's Spin-Off [View article]
    Thanks wigit5.
    Aug 20 12:00 PM | Likes Like |Link to Comment
  • Commodities Today: A Big Coal Call And BHP Billiton's Spin-Off [View article]
    The information I saw yesterday did not indicate what US investors would get. Smaller Australian resource companies tend to favor selling the shares for US investors on the exchanges and then distributing the cash (cash in lieu). Always disliked this tactic, and sometimes you have to walk your broker through the process to make sure they take care of securing your funds, etc (this is usually a problem with foreign secondaries).
    Aug 20 10:30 AM | Likes Like |Link to Comment
  • Commodities Today: A Big Coal Call And BHP Billiton's Spin-Off [View article]
    Gartman was bullish...
    Aug 20 10:27 AM | Likes Like |Link to Comment
  • Today's Market: Auto And Tech Names Moving On News [View article]
    Maybe there should have been more detail there...obviously Tesla has a large share of the electric market, and tiny share of the overall market, but was in fact looking at luxury...lots of ways to look at the numbers but your point is spot on.
    Aug 14 10:48 AM | Likes Like |Link to Comment
  • Commodities Today: More Deals In The Energy Sector Coming? [View article]
    If you read the article there are plenty of references to that...the question is raised as it pertains to investors who believe that the oil majors should be utilizing MLPs to spin out assets...we now have a benchmark, or benchmarks, for what too big is.
    Aug 12 10:51 AM | Likes Like |Link to Comment
  • Commodities Today: Lots Of Noise, But Production Increases Driving Shares [View article]
    Been covering palladium on and off this year...it has been highlighted in quite a few 'Chart of the Day' segments.
    Aug 11 10:29 AM | Likes Like |Link to Comment
  • Today's Market: Mergers And Acquisitions, Earnings And An Ebola Play [View article]
    Thanks Jack. It is a small space as everyone who has targeted the area lives off of government grants, although there are a few who have "stumbled" upon possible drugs.
    Aug 4 05:23 AM | Likes Like |Link to Comment
  • Commodities Today: Potential Mergers And Acquisitions, Spin-Offs And Production Affecting These Stocks [View article]
    Yes it is good for the shale drillers, but worrisome for XOM shareholders as one would hope to see growing production. They have shifted towards liquids so one would expect nat gas production to grow at a slower pace than liquids (because although those wells also produce dry nat gas, it is at a lower rate than the liquids) but both categories fell.

    Long-term they at least need to replace what they deplete their reserves by each year, unless they are planning on growing by M&A activity.

    Remember as CHK was cutting nat gas production to help stabilize prices in the market, XOM was still letting gas flow freely. So from a market view this is good news for the smaller producers.
    Aug 1 08:43 AM | Likes Like |Link to Comment
  • Commodities Today: Potential Mergers And Acquisitions, Spin-Offs And Production Affecting These Stocks [View article]
    All three have activists and large hedge funds invested, but APC's are friendly right now. Those are the three which would fit nicely in XOM's, or another major's, portfolio.
    Aug 1 08:30 AM | Likes Like |Link to Comment
  • Commodities Today: Exposure To Russia Dragging Down Multinational Oil Companies [View article]
    longoil, that is usually how it plays out. But Russia is smart enough to want to know how to do it, not just have the production in place before possibly seizing assets. Right now it is a bunch of saber rattling.
    Jul 29 04:10 PM | Likes Like |Link to Comment
  • Today's Market: Mergers And Acquisitions Rumors Driving These Stocks Higher [View article]
    Deal happened this AM...
    Jul 28 10:44 AM | 1 Like Like |Link to Comment
  • Commodities Today: Energy Names Moving Higher On Mergers And Acquisitions Speculation [View article]
    So long as the underperformers have the goods it is hard to argue against that line of thinking.
    Jul 23 06:08 PM | Likes Like |Link to Comment
  • Today's Market: Biotech Names Rallying Today [View article]
    So 3 of the themes this year that we based our 2014 predictions on, as well as our personal investments, were 3% growth, this being the year of M&A and energy stocks regaining their mojo. Obviously economic growth is coming in under 3% and we were wrong on that call, but 2 for 3 is not bad. Add in that the other two have been stronger than anticipated and the impact of the incorrect call has not hurt the equity markets or their returns and one has to wonder why you are so hung up on not having 3% growth.
    Jul 23 01:29 PM | Likes Like |Link to Comment
  • Commodities Today: Energy Names Making Moves As Geopolitical Events Impact Market [View article]
    Early, yes. But just laying out the path we think we will be transitioning to.
    Jul 21 10:42 AM | Likes Like |Link to Comment
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