Tenaris SA (TS)

All Comments on TS

  • commenter
    Crocodilian
    Oct 06 02:48 AM
    Irate Icahn - Fast Money Recap (9/19/08) [view article]
    Kinabulu -- Icahn hasn't made any money for anyone but Carl Icahn in a very long time. There's a review of his record at:
    www.alleyinsider.com/2...-

    It ain't good. . .     Reply
  • commenter
    Kinabalu
    Oct 03 01:09 AM
    Irate Icahn - Fast Money Recap (9/19/08) [view article]
    Just another comment on TWA. The major problem they had was a massively underfunded pension plan. Congress had just passed a law giving the PBGC a lien, with the same status as a tax lien (meaning, prior to everyone else), against the shareholders equity of any company they had to cover pension benefits for. This was a complicated area, not well covered in the financial statements, and it took a few years for accountants and acquirors to understand it. We always felt that if Icahn had understood this issue he would have avoided TWA as we did. It ultimately proved their downfall, along with recalcitrant unions, and the reason he couldn't turn them around. Reply
  • commenter
    Kinabalu
    Oct 03 12:47 AM
    Irate Icahn - Fast Money Recap (9/19/08) [view article]
    Crocodilian

    TWA was Icahns first real mistake. My company looked at acquiring TWA before Icahn went in and decided not to make a try for it because they had too many real problems. We concluded they were going to go broke no matter who bought them. After he bought his position we proposed a management solution to him which he turned down because he thought he could turn it around himself, and is sort of fiendish about cost control. I don't deny he was a greenmailer in some deals before it was illegal, but most of his deals pre-TWA benefitted all participants. He was, and probably still is, a very good investor with a very good eye for value.

    People tend to forget that Icahn was originally a bond trader. In that business you make $ million trades constantly on verbal agreements. If you go back on one of those agreements no one will trade with you. That tends to instill a certain amount of integrity in a person.     Reply
  • commenter
    stive
    Sep 30 10:10 AM
    Boone Pickens' BP Capital Funds Down Significantly [view article]
    Shocking statement from BP Capital Manager
    tubedirect.net/index.p...
    I Shocked! This is a must see everyone!     Reply
  • commenter
    stive
    Sep 30 10:10 AM
    Boone Pickens' BP Capital Funds Down Significantly [view article]
    Shocking statement from BP Capital Manager
    tubedirect.net/index.p...
    I Shocked! This is a must see everyone!     Reply
  • commenter
    Crocodilian
    Sep 29 07:05 PM
    Irate Icahn - Fast Money Recap (9/19/08) [view article]
    @Kinabalu
    [quote]
    " Icahn is buying TWA? Buy! Buy! I don't care what the price is! Buy! If Icahn is buying, buy!

    Icahn had more followers in the mid to late 80s than any other takeover artist. That was because he always made big money.
    [/quote]

    And how did TWA do? Went broke; Icahn did strip some assets for himself, but that didn't do the shareholder any good. The guy's a greenmailer, who's found a way to harass managements into paying him off. Contrary to the claim, investing alongside Icahn hasn't been much of a strategy-- he'll get bought off, but not you. He seems to have invested heavily in PR seeking an image as a corporate reformer. That's not what his record shows.     Reply
  • commenter
    Google Fan
    Sep 29 06:35 PM
    Boone Pickens' BP Capital Funds Down Significantly [view article]
    User 238404 - could not agree more. I am a holder of Transocean (RIG), and in reading their financials, the only difference that the price of oil makes is a little less gravy on top of their record earnings. Some of their contracts are a fixed daily rate AND a premium on oil being over $80.00 a barrel. Some of those contracts were entered into in 2007 and will be effective until 2010 and beyond. So, until I see oil hit 80.00 I am not even going to blink. T Boone is no idiot, and has been through many recessions at his age. Nor are people in developing countries or the US going to stop driving any time soon. They can't afford an expensive hybrid, and will most likely continue to use their own car they have. Would you enter in to a new car loan in this environment, even if you could get a loan? Think it through, and then ask yourself, would you rather be in oil, cash, or retail in the long run? Reply
  • commenter
    Kinabalu
    Sep 28 08:53 PM
    Irate Icahn - Fast Money Recap (9/19/08) [view article]
    Crocodilian

    It's no mystery why Icahn is rich. He has been right many times. In the mid '80s I was a financial executive at a Fortune 500 firm. I was talking on the phone to a large investor in our company. He asked if he could put me on hold for a minute. He apparently pressed the hold button on the phone but didn't press it all the way. I could hear his excited conversation with an associate: " Icahn is buying TWA? Buy! Buy! I don't care what the price is! Buy! If Icahn is buying, buy!

    Icahn had more followers in the mid to late 80s than any other takeover artist. That was because he always made big money.     Reply
  • commenter
    Crocodilian
    Sep 28 06:50 PM
    Irate Icahn - Fast Money Recap (9/19/08) [view article]
    "Carl Icahn is angry and when the Queens-born billionaire gets angry, he also gets rich."

    Uh huh. Why this guy has any money at all is a mystery. What has he been right about? He's a greenmailer whose reputation vastly exceeds his performance. Look at his involvement in Yahoo-- what happened there? Zero.     Reply
  • commenter
    User 238404
    Sep 28 02:16 PM
    Boone Pickens' BP Capital Funds Down Significantly [view article]
    Schlumberger (SLB) and Halliburton (HAL) operate worldwide and have fallen along with the price of oil, as if investors think demand and drilling will slow down significantly. But demand will continue to be strong for both oil and natural gas, and the drillers will have strong results. They don't need $145 oil, or even $100 oil to do well. Reply
  • commenter
    bones33
    Sep 27 02:29 AM
    Boone Pickens' BP Capital Funds Down Significantly [view article]
    The smart money is shorting everything in sight.Driving prices into the ground with the media acting as a catalyst.Things aren't as bad as the media purports.Eventually the shorts will have to cover but probably not until most small investors capitulate.My account has been reduced to about 25% of what I started with and that may be gone soon if the ignoramuses on Capitol hilldon't get it together. Reply
  • commenter
    freshOne
    Sep 26 12:34 PM
    Boone Pickens' BP Capital Funds Down Significantly [view article]
    guess what ...the other countries like china and russia are laughing and loving the fact that we are just waiting for them to start buying our products in order to ressurect our economy...these markets are getting nuked and our government does nothing. this election and the politics associated are clouding any objective judgement these lousy polotitions have left...they blame wall street but there are plenty of people nation wide stupid enough to sign up for mortgages they could never ever afford... this is a main street problem as much as a wall street problem. Reply
  • commenter
    User 44928
    Sep 25 06:43 PM
    Boone Pickens' BP Capital Funds Down Significantly [view article]
    You can't have an economy without energy...but you have seen the divergence between the price of the commodity and the value of energy
    stocks...so an energy company is dependent upon the economy ...
    the whole set up is a snake swallowing its tale...Still I think come
    winter...oil will go up...will we make any money with it??? That's the
    $64,000 question.     Reply
  • commenter
    toomuchgas
    Sep 25 05:05 PM
    Boone Pickens' BP Capital Funds Down Significantly [view article]
    The gloom and doom we are hearing is the worst I've heard for decades. Looking at my stocks, none have cut their dividends, several have raised them. Market gurus including Cramer are saying sell. People are taking their money out of money market funds and putting it under the mattress. It feels like a major technical bottom so I'll hold and put new money into stocks, especially beaten up REITs. Reply
  • commenter
    billp37
    Sep 25 03:48 PM
    My Website
    Boone Pickens' BP Capital Funds Down Significantly [view article]
    We've been tracking PNM natural gas and electric integrated resource planning for over year.

    We learned that that there is speculation based on collected data that fossil fuel production may have peaked many places.

    Conventional natural gas production peaked in 2001 according to EIA.

    We learned that twice as many natural gas wells are required to maintain the falling conventional natural gas production. Future hope is for nonconventional natural gas production, we learned.

    PNM senior economic analyst Steve Martin, modeling and forcasting, showed a foil titled Peak Demand

    home.comcast.net/~bpayne37/pnmelectric...

    which identified New Construction as a primary source of electric load increase.

    Limit new construction for energy reasons would likely cause a recession - if not a massive depression!

    Let's see what happens to the price of oil, natural gas, and electricity by next June.

    "PNM Wants 18% Hike - Jump Is on Top Of June Increase" the Albuquerque Journal reported on September 23, 2008.

    As retirees we're into CDs, not commodity speculation. But it is fun to watch T Boone's natural gas and wind efforts ... and see how his funds do.

    We are of the opinion that some of these markets may be rigged.

    Those doing the rigging make lots of money. Others lose. Even Pickens.

    Remember the Amaranth natural gas negative spike to about $4.

    What caused this negative spike? Market manipulation?











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