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Matthew Smith  

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  • Commodities Today: Oil Falls But Majors Rally, U.S. Government Mulling Buying Oil [View article]
    In my opinion it is the rate at which the storage is filling, especially at key storage facilities such as Cushing. The last numbers I have show Cushing capacity usage at just over 64%...but the 51 million + barrels in storage grew by roughly 25% over the previous month or so. It was not that long ago that Cushing was only at 25% capacity.

    So while part of the problem is the production increases we are still seeing as wells from months ago come online, the issue lately is with the refiners. Once they are all back up and running we should see what the true builds are going to be.

    Hope that answers your question.
    Mar 17, 2015. 12:51 PM | Likes Like |Link to Comment
  • Commodities Today: Oil Falls But Majors Rally, U.S. Government Mulling Buying Oil [View article]
    You have a point, but I was looking at it from a storage point of view. That could be the surplus from a week or two that goes into storage, which could buy some time. It is merely a drop in the bucket but could show that the government is at least AWARE that there are issues in the energy market right now.
    Mar 17, 2015. 12:37 PM | 2 Likes Like |Link to Comment
  • Commodities Today: Oil Falls But Majors Rally, U.S. Government Mulling Buying Oil [View article]
    tankers = floating storage
    Mar 17, 2015. 12:34 PM | Likes Like |Link to Comment
  • Today's Market: Pharma Mergers And News, Tesla Speculation And Small Caps Holding Up Strongly [View article]
    So what do you think the tweet meant?

    Next best guess has to be an update that tells drivers where charging stations are...but that just does not seem bold enough.
    Mar 17, 2015. 10:02 AM | Likes Like |Link to Comment
  • Commodities Today: Bakken Producer To Sell Assets, Refinery Strike To End [View article]
    I'm a proponent of keeping it all here too, and have been for some time. But if we reach a point where we fill up all of our capacity and refiners are not adding capacity, where are we supposed to put all that extra oil? It has to go somewhere because producers cannot always shut-in/curtail production without damaging wells. We need new pipelines and more refineries, but without them we have to relieve the pressure somehow and the only way we see that happening is via exports.
    Mar 16, 2015. 11:03 AM | 1 Like Like |Link to Comment
  • Today's Market: FBI Probes, Cable Mergers And Blowout Earnings Moving These Stocks [View article]
    I would not say I am an Ackman advocate, but for full disclosure I do have to say that there are numerous MLM companies out there that I question (although HLF was not one of them).

    To answer your question though, I do not know. I simply said that it seems, which was based off of what he said this morning. Nothing was definitive, nor did I mean for it to sound definitive.
    Mar 16, 2015. 10:44 AM | Likes Like |Link to Comment
  • Today's Market: Strong Earnings And Speculation Over Banks' Capital Plans Pushing Stocks Higher [View article]
    Not even a 5% pullback and you are calling a bear market?! That is bold!
    Mar 12, 2015. 10:10 AM | Likes Like |Link to Comment
  • Today's Market: Big Buybacks, Rumors Indicate More Pharma Mergers And Acquisitions [View article]
    It doesn't. It would be a better fit for a company that already owned animal pharma. I suppose they are looking at it simply as a roll-up though.
    Mar 11, 2015. 10:25 AM | Likes Like |Link to Comment
  • Commodities Today: Energy And Frac Sand Names Get Crushed, Solar Stocks Rising Again [View article]
    That is another good name, and with an upswing in the market could be a big winner. Unlike some, we are not against liking the partnerships.
    Feb 25, 2015. 05:41 PM | 1 Like Like |Link to Comment
  • Commodities Today: Oil Names Rally Again, Could China Buy Energy Assets [View article]
    I'm not sure about "effort" but the point was milk is renewable and milk is not. Juice, water, etc are all rather expensive on a gallon to gallon comparison to oil.
    Feb 6, 2015. 12:02 PM | Likes Like |Link to Comment
  • Today's Market: Big Tech News, Disappointing Banking News [View article]
    One could make the argument that stimulus policies would promote long-term growth as it would finally put an end to the questions surrounding debt markets and the sanctity of the euro. If that is cleared up and regions outside of the US start to see growth, prosperity for those outside of the 1% should be a reality.

    Markets are proxies in our view, so it is not that we want to avoid sell-offs due to short-term reasons, but rather for what it signifies in regards to the policy's long-term outlook.
    Jan 21, 2015. 09:26 AM | Likes Like |Link to Comment
  • Commodities Today: Gold Names Rallying, Further Cuts For Oil Companies [View article]
    Yes, that was a total surprise move too. Talked about that in our other article.
    Jan 16, 2015. 09:55 AM | Likes Like |Link to Comment
  • Today's Market: Stocks Making Solid Moves Into New Year [View article]
    Yes, it should have been WBA.
    Jan 2, 2015. 10:33 AM | Likes Like |Link to Comment
  • Today's Market: The Fed To Impact These Banks With New Rules [View article]
    If you are expecting a downturn then obviously you would stay away, but if you are bullish then those institutions with a market cap of $250 million to $10 billion are attractive. Even more attractive if a migration of deposits is set to take place.
    Dec 11, 2014. 09:52 AM | Likes Like |Link to Comment
  • Today's Market: Tech And Retail Names Moving Today [View article]
    Thanks for the comment!
    Dec 4, 2014. 10:11 AM | Likes Like |Link to Comment
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