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Roger C. Wren  

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  • 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
  • Emerson Electric: A No-Brainer For Long-Term Investors [View article]

    Buggy whips are still being used so somewhere there is somebody making and selling them, presumably at a profit.
    Feb 9, 2015. 03:25 AM | 6 Likes Like |Link to Comment
  • National Bank Of Greece - Why I Went Long When It Was A Dollar [View article]

    "The wealthy will be asked to carry a heavier tax burden, and we hope they will gladly do so for the sake of the nation." If you believe this you are living in an alternative universe.

    If the government re-hires all the discharged public workers it will need to pay them with Euros. The government has not got the money to do this. It will have to borrow large sums of Euros. Loaning money to Greece for such a project is a sure way to lose money. Who does the author expect to see stepping up to the plate and forking over several billion Euros to put unneeded government workers back on the payroll? Germany maybe? Warren Buffet maybe? Putin? Saudi Arabia?

    Feb 5, 2015. 01:35 PM | 3 Likes Like |Link to Comment
  • Kinder Morgan DCF continues to climb, but $3B purchase sends shares lower [View news story]

    The most important item I see here is the cash flow available for distribution number of 60 cents a share. Maintain that for the four quarters of 2015 and the projected dividend of 2.00 will be well covered.
    Jan 21, 2015. 10:40 PM | 4 Likes Like |Link to Comment
  • Update: Seadrill's Partner Rosneft Will Postpone Drilling Of Several Arctic Projects [View article]

    Peter Pike:
    I see you on several forums bashing SDRL and Fredricksen while they are down. Will you vanish if they start moving back up?
    Dec 23, 2014. 03:43 AM | 1 Like Like |Link to Comment
  • Crude rises following steep slide [View news story]

    Smart yes, but it is killing me. If I agree to sign surrender papers will Saudi cut production? Pretty please?

    However, if I were them I very well may do the same thing and since I am not in on margin I can wait a year or two for oil and my stocks to come back.
    Dec 11, 2014. 07:24 AM | 1 Like Like |Link to Comment
  • The Real Reason Saudis Didn't Cut Oil Production [View article]

    Buddy : KMI has very little to do with the oil industry. It is mostly pipelines and facilities for the movement of natural gas. Also the mergers just closed and the stock price will be affected by investors getting out of positions they were forced into by the mergers for a short period.
    Dec 1, 2014. 06:39 AM | 7 Likes Like |Link to Comment
  • Seadrill EPS of $0.31 [View news story]

    Today's report is obviously not good news but it is not a total disaster.

    About two billion dollars a year that would have gone for dividends will accumulate. It will be available to strengthen the company. Pay down a little debt, buy cheap shares back, snap up a few bargains in a hurting industry, who knows what else. No matter where the stock price ends up today all is not lost and SeaDrill is a bargain at the current price. I will hold and expect better days ahead. Oil will not be down forever.
    Nov 26, 2014. 06:14 AM | 15 Likes Like |Link to Comment
COMMENTS STATS
240 Comments
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