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Tim Travis
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Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
My company:
T&T Capital Management
My blog:
T&T Capital Management Blog
My book:
Learn to Treat Your Portfolio as a Business
  • China Dives Deep Into North Sea-WSJ 1 comment
    Jul 24, 2012 12:54 PM | about stocks: CEO

    China's state-owned oil companies have been perking up their aggressiveness in acquiring oil assets with recent deals to buy Canada's Nexen (NXY) and 49% of the U.K. business of Talisman Energy. By buying at a time of overall market distress and uncertainty these assets were purchased at a significant discount to what the prices would have been several months ago. During the "Great Recession" China was extremely active in going after assets on the cheap because the Chinese government has an actual long term plan. While United States politicians play partisanship with a bureaucratic mastery to stifle job promoting ventures, China maintains a focus on wealth creation through prudent investments. I'm not a fan of much of what China does but I do appreciate this long term economic focus and I believe the United States should have plans to reduce debt, while helping businesses create jobs. If the government would stop the witch hunts and political stonewalling much more could be done to help this economy which needs serious help 4 long years after the Financial Crisis.

    http://online.wsj.com/article/SB10000872396390443295404577545120731663082.html?mod=markets_newsreel

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Oil, China Stocks: CEO
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  • Your comments are useful, practicle, and I think our government should really start thinking for us like the Communist Chinese government do for their people, regardless of whatever Western countries demonizing them about, they are doing the business the correct way.
    25 Jul 2012, 07:50 PM Reply Like
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