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Roger C. Wren  

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  • Seadrill: 2 Major Concerns Heading Into Earnings [View article]

    What if SDRL happens to report 86 cents earnings instead of the consensus estimate of 62 cents?

    Could happen.

    Oh my goodness gracious. It did happen. What a shock for the shocker man.
    May 28, 2015. 05:05 AM | 1 Like Like |Link to Comment
  • Argentina's Growing Dependency On Beijing [View article]

    In the last few decades almost every country/corporation/in... that has extended credit to Argentina has ended up getting the shaft. Is it really an act of genius for China to step forward as the next potential victim?
    May 21, 2015. 05:41 AM | 2 Likes Like |Link to Comment
  • EIA Petroleum Inventories [View news story]

    I may be remembering wrong but it seems to me that a month or two ago they also had two weeks in a row exactly the same. With total production in the 9 million area it is possible but very unlikely. Like winning the lottery.
    May 20, 2015. 11:18 AM | Likes Like |Link to Comment
  • Scenarios That Can Move Delta's Stock Price [View article]

    You refer to your forecast period several times but never tell us what it is. From context I assume it is more than the normal one year analyst time frame.
    May 10, 2015. 06:03 AM | Likes Like |Link to Comment
  • Crude inventories build much lesser than expected [View news story]

    You have told us this over and over and over and over and over. If you had a point you made it long ago. Move on.
    Apr 29, 2015. 10:56 AM | 17 Likes Like |Link to Comment
  • Enterprise Products Partners Or Kinder Morgan Inc.? [View article]
    I do my own taxes so I avoid anything that sends me a K-1 form. When KMI changed to a C-corp I went into KMI in a big (for little me) way. Doing fine so far but the race is just getting out of the starting blocks.
    Apr 20, 2015. 04:44 AM | 9 Likes Like |Link to Comment
  • The CFPB Just Made World Acceptance A Zero [View article]

    It sounds like a legal but nasty company is about to come up against the true believers of the Obama administration. Too bad they can not both lose but if one is forced to pick a winner it sounds like the author is correct. Place a bet with the forces of the 1/32 Indian lady.
    Mar 30, 2015. 08:55 AM | Likes Like |Link to Comment
  • Crude Oil: Why A 'Storage Crisis' Might Not Be So Bad After All [View article]

    The futures price is normally for delivery at Cushing Oklahoma. Whoever buys at the wellhead has to pay for the cost of getting the oil to an ultimate buyer such as a refinery. Visualise paying tanker truck drivers to haul loads of oil to a railroad or pipeline location and then paying the railroad or pipeline to move it on to a refinery. This means that the April/May futures prices will normally be significantly higher than the current wellhead prices.
    Mar 22, 2015. 11:58 AM | 2 Likes Like |Link to Comment
  • I'll Take Some Greenblatt With A Touch Of Domash [View article]

    The system does not replace one or two stocks at a time. You select a group of stocks, keep them a year, and sell all of them. You then use the same method to select a new group of stocks and repeat.
    Mar 22, 2015. 09:05 AM | 2 Likes Like |Link to Comment
  • Oversupply Of Offshore Rigs: A Big-Picture Look [View article]

    Good point on the breakeven points Profit. The chart from SeaDrill is about six months old. I assume breakeven at 350,000 to 400,000 dayrates is a lot less than the chart shows. In any case the oil companies assume they will get production for 25 to 30 years from a new well I have read somewhere or other. Low Brent prices lasting for a year or two in the early days of a well should not hold new contracts to zero for very long.
    Mar 5, 2015. 07:19 AM | 3 Likes Like |Link to Comment
  • Daqo New Energy - The Optimum Play In The Solar Energy Market With A $67 Price Target [View article]
    It is a Chinese company. Been there before, been burned, never again. Fraud, corruption, and a government that can and has changed the rules and regulations without warning.

    If it sounds too good to be true maybe it is in fact too good to be true.
    Mar 1, 2015. 11:10 AM | 1 Like Like |Link to Comment
  • Oil Crash Separates Wheat From Chaff [View article]
    For the last week or two WTI price reports on Bloomberg have been using March futures while Brent has been using April futures. Over this weekend WTI appears to have moved to using April futures same as Brent. The spread will likely shrink significantly during market hours on Monday.

    If the spread stays at 9 dollars it will be a huge arbitrage opportunity for the big boys.
    Feb 22, 2015. 01:01 PM | 3 Likes Like |Link to Comment
  • How SolarCity Sees The Future Playing Out And The S Curve [View article]

    I reckon I must be retarded but I have no idea what an S-curve is.
    Feb 17, 2015. 08:51 AM | 10 Likes Like |Link to Comment
  • Greece commits to reaching deal with EU [View news story]

    If they make a deal of some kind it will just kick the can down the road a year or two. The debt will be a hundred or maybe two hundred billion larger in a year or two as the next crisis unfolds.

    If you have a old horse that needs put down you can stall but it is not going to get better and sooner or later you will have to take your gun and shoot the poor thing.
    Feb 13, 2015. 07:16 AM | 13 Likes Like |Link to Comment
  • Greek defense minister outlines Plan B [View news story]

    Greece seems to be trying to follow the strategy of the old saying that states "If you owe a bank 50,000 dollars and can not pay you are in trouble but if you owe a bank 50 million dollars and can not pay the bank is in trouble."

    Greece is a small country which produces next to nothing and has no strategic, military, or resource importance.

    Greece should get ready to say bye-bye to the Euro, the Euro zone, and its current standard of living which is financed by borrowed money.

    Hello default.
    Feb 10, 2015. 05:13 AM | 3 Likes Like |Link to Comment