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Ron McWilliams

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  • Australian Dollar Can't Diverge For Long From Falling Iron Ore Prices [View article]
    That is exactly the risk associated with a carry trade. Such trades are hard to hedge against. For your consideration, there is a 2007 article here http://bit.ly/1noDqtr. 2007 was a major period of yen flowing into Aussie.

    Eventual unwinding of the trade must occur, which results in significant capital outflows for the receiving country.
    Jun 20 01:30 PM | Likes Like |Link to Comment
  • The Future Of The Oil Service Sector Is Bright [View article]
    There is no question expanding markets by exporting liquefied natural gas would be a boom. In fact, exporting more coal would be a boom. Significant international demand exists for both products at good pricing.

    But U.S. regulations are difficult at best. Moving coal to western ports to meet Asian demand meets a mountain of red tape. Keystone pipeline is a political devise and getting permits to export liquefied natural gas are profoundly expensive, and rare.

    Not only are political issues at play with natural gas, but also industries that profit from very low natural gas pricing, from utilities to chemical producers.

    Politicians are lucky to get a budget, let alone an energy policy.
    Dec 29 07:53 PM | 1 Like Like |Link to Comment
  • Superior Energy: This Attractive Oilfield Services Firm Is Eyeing Growth Through International Expansion [View article]
    I appreciate your view on an opportunity, which Superior certainly can be. My concern is their inability to turn acquisitions and increasing assets into earnings. It appears they accumulate assets, but their earnings don't increase. Result is decreasing returns against bloating assets. How do they pay for increasing assets, with earnings becoming less of the "asset pie".
    Nov 3 12:56 AM | Likes Like |Link to Comment
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