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  • S&P 500 Q1 Earnings Seem Positive: Is It Enough For More Gains? [View article]
    As been noted, in many (most?) cases, the beats on eanings was the result of lowered estimates, aided by cost cutting, share buybacks, etc. The misses on revenue side concern me.
    Apr 28 03:58 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Re: US economy set to grow 3%,

    I can see the logic behind this change, but can't help wondering if the current administration won't use the 3% growth figure to "justify" current policy as being "successful".
    Apr 22 08:05 AM | 10 Likes Like |Link to Comment
  • The 'Retire Young' Portfolio: Let's Introduce This Oil Company [View article]
    For quite some time, STO had been in the position of having steadily declining reserves. However, over the last 6 to 12 months, they've had a number of large, long term projects come together for them, so the reserve replacement situation's looking much better for them.

    I'm curious as to how the author defines "a large margin", when he speaks of a goal of "beating the market", as his goal for the portfolio?
    Apr 21 06:18 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The news from P&G is unsettling, to say the least, given that the firm's typically considered somewhat of a "widow and orphans" type of stock.
    Apr 17 08:08 AM | 7 Likes Like |Link to Comment
  • Second Quarter 'Hiccup' On The Way [View article]
    Perhaps its just me, but it seems that the market has been doing this for quite a while. If, on any given day, 5 "news" items come out, with 2 of the more minor ones being "good news", and the 3 more "important" ones are negative, the market embraces the former, and ignores the latter.
    Apr 13 11:36 AM | 2 Likes Like |Link to Comment
  • A Bright Golden Haze [View article]
    Every time that I think that I see the ultimate in arrogant elitism by the current administration, they reach into that tall black hat, yet again....
    Apr 13 11:23 AM | Likes Like |Link to Comment
  • Royal Dutch Shell (RDS.A +0.8%) is in talks with shareholders and the Czech government over the potential sale of its 16% stake in the largest refinery in the Czech Republic, local reports say. Shell's two partners in the refinery - Italy's Eni (E) and the Czech unit of Polish PKN Orlen - would have first option to purchase the stake. [View news story]
    I'd have to go back and look through the various announcements, but it does sound that Shell's making a meaningful effort to focus on the production side, both in oil, and NG.
    Apr 9 05:54 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    It will be interesting to see what sort of effect the BoJ announcement will have on the US market....and how long any "bounce" may last. I find that the news from France (on the bond auction) to be more than a bit surprising.
    Apr 4 09:04 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    India's government continues it's disfunctional ways. The country greatly needs foreign capital, but they're certainly not going to get it, the way they're dealing with things.
    Apr 1 09:05 AM | 6 Likes Like |Link to Comment
  • Magellan Midstream Partners (MMP) says it has started storing crude in tanks at Crane, Tex., the origin point for the Longhorn pipeline, which it expects to start transporting crude by mid-April. The line, which had carried refined products, has been reversed to transport crude to Houston refineries and could help ease a glut of oil at the Cushing delivery hub and support local prices by opening the door to new buyers. [View news story]
    You might consider KMP/KMR, as well.
    Mar 26 04:04 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    In a situation like that of Japan, what's more important than the number of regs is the intent behind the crafting/implementation of them.
    Mar 26 09:16 AM | 5 Likes Like |Link to Comment
  • A Royal Dutch Shell (RDS.A, RDS.B) executive tasked with managing the company's controversial oil exploration program in the U.S. Arctic Ocean that failed to complete any wells in last year's drilling season will leave the company by "mutual consent" later this year. The personnel move is significant, as Shell has staked a lot on its Arctic exploration plans. [View news story]
    While something of a disappointment, if there was ever a case of "discretion being the better part of valor", drilling in Alaskan waters would be it. If you think BP got crucified for screwing up in the GoM, wait to see what happens, should somebody mess up in Alaskan waters.
    Mar 22 04:21 PM | Likes Like |Link to Comment
  • They Really Do Care About Cyprus [View article]
    While I often raise my eyebrows, and scratch my pate at the antics/statements from the Fed, TPTB in the EU leave me absolutely dumbfounded.
    Mar 21 01:15 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Re: Cyprus and Russia.

    Its my understanding that Cyprus already has a $3-$3.5B loan with Russia that it wishes to extend. Currently, the response is, "Nyet". Putin is NOT a happy camper.
    Mar 20 09:25 AM | 2 Likes Like |Link to Comment
  • Don't Get Too Excited About Cyprus [View article]
    Although, as a rule, I tend to agree with Cam, I'm more than a bit concerned by events in Cyprus. Mostly, because of the precedent that's been established.
    Mar 19 12:50 PM | 1 Like Like |Link to Comment
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