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  • Disturbing Trend In Growth From January Jobs Report [View article]
    What I've not seen mentioned is the fact that typically, jobs increase towards year end, as firms gear up for the holidays by hiring temps. IF the economy grows, an increasing number of those "temp" jobs become "permanent"...otherwise, not so much.

    That's not to say that other factors, such as Obamacare haven't had an effect this time around.
    Feb 3, 2013. 01:41 PM | 3 Likes Like |Link to Comment
  • Fines amounting to $8B sought by Nigeria from Shell (RDS.A) and Chevron (CVX) for oil spills are not backed by law, according to the chairman of the country’s Senate Committee on Environment. That doesn't mean laws won't be changed, but observers say tough measures are unlikely to be enforced against companies engaged in partnerships with the government. [View news story]
    I'm not quite so sure that "tough measures are unlikely to be enforced against companies engaged in partnerships with the government."

    Take a look at what's happened in Russia to Western private energy companies partnered with "connected" Russian entities.
    Feb 1, 2013. 01:29 PM | Likes Like |Link to Comment
  • Breaking Open The Piggy Bank [View article]
    Congrats!!!! As you mention, amazing how time flies, when you're having a good time!!!!
    Feb 1, 2013. 01:24 PM | 1 Like Like |Link to Comment
  • Buy Southern Company On Strong Results [View article]
    In any case, a good article. Although I don't currently hold SO, I've owned it in the past and think that a conservative income-oriented investor could do worse in a portfolio.
    Jan 31, 2013. 04:54 PM | 2 Likes Like |Link to Comment
  • Buy Southern Company On Strong Results [View article]

    Contributors/authors are in a "no win" situation. If they DON'T hold the security they write about, people, such as yourself, comment doubting the authors' veracity.

    If they DO hold the security, they're accused of trying to "pump" the stock they hold (or drive the price down, if they're short and have written a negative article).
    Jan 31, 2013. 04:50 PM | 2 Likes Like |Link to Comment
  • The threat of resource nationalism shifts to Barrick Gold (ABX -1.2%) and Goldcorp (GG -1.6%), as the Dominican Republic’s congress says it wants a more favorable contract on the Pueblo Viejo mine, which reached commercial production two weeks ago. If the tax rate was raised to 35% and the net smelter royalty to 5%, NAV assumptions for each company could drop $0.40-$0.50/share. [View news story]
    This certainly explains to the action in GG yesterday and today.
    Jan 31, 2013. 03:05 PM | Likes Like |Link to Comment
  • Shell (RDS.A) is going into liquefied natural gas in a big way, and reports say it is likely to snap up Repsol's (REPYY.PK) assets in Peru, Canada and Trinidad and Tobago. Repsol has said it wants to sell assets in Canada where it controls 75% of the Canaport LNG terminal, its 20% stake and sole off-taker position in the 4.4M metric tons/year Peru LNG, and its holding in Trinidad and Tobago’s Atlantic LNG. [View news story]
    While its tough to predict how the LNG market will play out, over the longer term, it appears that Shell's "striking while the iron's hot".
    Jan 29, 2013. 04:27 PM | Likes Like |Link to Comment
  • Iraq reportedly is closing in on deals with companies including Shell (RDS.A) and Eni (E) to chop production targets at a number of oilfields to more realistic levels. The government is said to be in talks with a group led by Eni to cut production at the Zubai field to 1M bbl/day from 1.2M, and is nearing a deal with Shell to chop production at the Majnoon field to 1.2M bbl/day from 1.8M. [View news story]
    It appears that Iraq got a bit too "greedy" when they negotiated the previous contracts. Given the lack of infrastructure in Iraq, trying to increase production is a Herculean job.
    Jan 29, 2013. 04:25 PM | 1 Like Like |Link to Comment
  • 2013 -- Breakout Or Comeuppance? [View article]
    I like the inclusion of NORW as a "sector bet". I'd not considered it in that light before.
    Jan 29, 2013. 04:10 PM | 1 Like Like |Link to Comment
  • More Overbought Warnings From BoAML [View article]
    Fwiw, I've been slowly, but steadily taking money off of the table since the start of the year. I'm not confident enough of an impending correction to get back into SDS, but..
    Jan 29, 2013. 04:05 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Iraq tries to tempt Exxon to stay."

    The fee for service format used in the last round of bids weren't very attractive for the oil companies. It'll be interesting to see if Iraq backs away from that.
    Jan 23, 2013. 09:16 AM | 3 Likes Like |Link to Comment
  • Have Silver And Silver Wheaton Peaked? [View article]
    I believe that any article on silver that looks solely at it as monetary substitute is inherently flawed. While its true that silver is also considered "poor man's gold", too much of the ouput goes into industrial uses, unlike the case with gold, to only focus on the monetary aspect(s) such as QE, etc.
    Jan 17, 2013. 06:19 PM | Likes Like |Link to Comment
  • Reports of the number of casualties and hostages taken by Islamic militants at a Western-operated gas field in Algeria vary widely. Reports have said 41 foreigners were kidnapped, but a later report said 150 employees of a French catering firm also were being held. U.S. Defense Secretary Leon Panetta says Americans were among the hostages, but the number of Americans held wasn't known. [View news story]
    Regarding the alleged 150 captives from a French catering firm, it seems that the Islamists are getting tired of falafel, couscous, and hummus...
    Jan 16, 2013. 05:56 PM | 4 Likes Like |Link to Comment
  • Goldcorp Inc. (GG) declares $0.05/share monthly dividend, 11% increase from prior dividend of $0.045. Forward yield 1.53%. For shareholders of record Jan. 17. Payable Jan. 25. Ex-div date Jan. 15. (PR[View news story]
    Agreed...all in all, they seem to be the "pick of the litter", as far as the seniors go.

    Jan 8, 2013. 03:50 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Regulators ease Basel bank-liquidity rules. "

    It looks like the banks' lobbying efforts, both here, and abroad, have paid off. How quickly they forget.....
    Jan 7, 2013. 08:59 AM | 8 Likes Like |Link to Comment