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Matthew Smith  

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  • Commodities Today: Oil Majors, U.S. Dollar Point To Lower Prices [View article]
    Saudi Arabia has proven that one can manipulate the market. Remember there is a difference between manipulating and controlling and/or cornering a market.
    Aug 4, 2015. 09:06 PM | Likes Like |Link to Comment
  • Commodities Today: After Calling Distribution Cuts For MLPs, What Now? [View article]
    The title is not misleading, especially if you read the daily articles. Obviously you would have preferred that "upstream" be included in the summary portion, but in writing that the point was that it was the MLPs and not C-corp E&Ps which were hit hard on that particular day on that particular news. As someone who owns midstream assets too, it is naive to think that upstream MLPs' issues (and weakness in energy in general) will have little or no impact. It will if prices remain weak for a prolonged period of time.
    Aug 3, 2015. 10:20 PM | Likes Like |Link to Comment
  • Commodities Today: Energy And Precious Metals Continue To Face Headwinds [View article]
    Welllllll...one could make the argument that it is a "temporary setback". Heck, look at all of the airlines which filed for BK protection multiple times over the years...
    Jul 28, 2015. 06:07 AM | Likes Like |Link to Comment
  • Commodities Today: Sell-Off And Dividend Cuts Continue [View article]
    Thanks for the compliment Andrew. While buying plain vanilla Treasuries may not be prudent, there is an argument that could be made for buying either step-up or FRN/variable agency paper. Usually callable, but does allow some hedging against big interest rate risk in the short-term, although you are playing from behind when the Fed does finally raise rates. Better to be behind and moving higher than stuck in a bullet though. Lesser of two evils.
    Jul 24, 2015. 06:47 AM | 1 Like Like |Link to Comment
  • Commodities Today: Sell-Off And Dividend Cuts Continue [View article]
    Actually I was early, saying each rally should be sold and even going as far as not trading the chart and news because of the chance of getting caught in a sell-off. Just reiterating that if investors are keeping any exposure to precious metals that it should definitely be an underweighted position.
    Jul 24, 2015. 06:41 AM | Likes Like |Link to Comment
  • Commodities Today: More Bad News For Coal, Monsanto Finds An Ally [View article]
    This one from the Wall Street Journal which discusses closings and conversions to nat gas failed to post:

    http://on.wsj.com/1O7L1uZ
    Jul 16, 2015. 12:41 AM | 1 Like Like |Link to Comment
  • Commodities Today: More Bad News For Coal, Monsanto Finds An Ally [View article]
    Personally I very much dislike the UNG as an investment vehicle. That is not to say it cannot be used as a trading vehicle, but I think one can find better leverage and value elsewhere.
    Jul 16, 2015. 12:35 AM | Likes Like |Link to Comment
  • Commodities Today: More Bad News For Coal, Monsanto Finds An Ally [View article]
    Fair comment. HAD not would have been better to use in BTU's case, although their losses still trail the dogs of the industry, I hear you because what is 5-10% when you are looking at stocks down 90%?
    Jul 15, 2015. 07:14 PM | Likes Like |Link to Comment
  • Commodities Today: More Bad News For Coal, Monsanto Finds An Ally [View article]
    Daniel, can you stop with the ridiculous comments? Anyone who has followed the industry knows that a number of coal units have been switched, many articles were written about this and plenty of news coverage given to the topic...this is when Google would be your friend...

    http://bit.ly/1TDkM3o

    http://bit.ly/1TDkJV2

    So according to the National Geographic article, SNL (just to be clear, the research firm, not Saturday Night Live) says that over the past 4 years 29 coal units in 10 states were closed. So not 29 plants, but at least 10 since they are in different states. Plus, another 54 units are scheduled to be converted over the next 9 years. So what were you saying about "rarely if ever "converted" to natural gas"?

    I'll give you that there have been plenty of plants which utilities just shut down, but conversion is a factor and a double edged sword because it takes from coal and adds to natural gas rather than having a mix of alternatives replace the load.
    Jul 15, 2015. 07:00 PM | 1 Like Like |Link to Comment
  • Commodities Today: More Bad News For Coal, Monsanto Finds An Ally [View article]
    Marcellus natural gas is extremely cheap. Names like Cabot were still ramping up production near the bottom because it still made sense. It all depends on the shale, infrastructure and the pipeline/midstream capacity.
    Jul 15, 2015. 06:32 PM | Likes Like |Link to Comment
  • Commodities Today: News Moving Energy Markets And Stocks [View article]
    Thanks for the comment. It is very interesting. More than they expected.
    Jul 14, 2015. 06:56 PM | 1 Like Like |Link to Comment
  • Commodities Today: Precious Metals Rise And 2 Energy Names Attract Buyers [View article]
    Thanks eppf2 and cfetrader for the kind words.
    Jun 19, 2015. 05:24 AM | 1 Like Like |Link to Comment
  • Commodities Today: Investors Wait For Energy Mergers [View article]
    You are absolutely correct...have both on the same watch list and grabbed the wrong ticker symbol (early morning mistake).
    Jun 18, 2015. 06:44 PM | Likes Like |Link to Comment
  • Commodities Today: Coal Miners Under Pressure, Commodities Head Lower [View article]
    Thanks for the kind comment papita.
    May 28, 2015. 01:44 AM | Likes Like |Link to Comment
  • Today's Market: Mergers And Acquisitions Rules The Day, Currency Headwinds Continue [View article]
    So another year and seven months of 0.25%?!?!?!
    May 12, 2015. 11:31 PM | Likes Like |Link to Comment
COMMENTS STATS
841 Comments
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