BP (BP +1%) shares have pulled back after the company announces its Gulf spill settlement includes $4B to the DOJ to end all criminal charges, plus another $525M to settle charges with the SEC. BP expects the resolution to result in an increase of ~$3.85B to the $38.1B charge taken against income as of the end of September.[View news story]
If this doesn't now have "Buy BP" written all over it, I don't know what does!
The U.S. will surpass Saudi Arabia and Russia to become the world's largest oil producer by 2017 and become "all but (energy) self-sufficient" by 2030, the IEA predicts in its annual World Energy Outlook. The forecast highlights how the U.S. shale revolution is changing the energy sector, although analysts warn that the nature of shale production means that the growth the IEA predicts isn't guaranteed. [View news story]
"Boys and girls dream dreams, but when you become an adult, you have to deal with reality...." America doesn't need to be come 'Energy independent' ... whatever that means. And America doens't need to expend our resources foolishly. Why do you think that our Government has been helping big oil all over the world 'discover' and extract, etc. other country's natural resources for the last 60 years? And why do you think it is still cheaper to buy an export in this country than it is less than half the distance away on other continents? What America needs is to keep it's resources until everyone else is out of theirs. Then , we'll see what expensive oil is!
Carnival (CCL) shares -17.6% in London following the capsizing of the Costa Concordia cruise ship at the weekend. The company said the hit on 2012 earnings for the loss of use will be $85-$95M, or $0.11-$0.12 a share, while the firm will also suffer further undetermined costs. (PR) [View news story]
Don't try to profit on this. THe lawsuits for damages fromt he families who suffered losses willd drive this stock down even more. It will bottom somewhere around 28. If you're going to buy, then by with one third limits at -2.5%, -5%, and -7% to hedge your share per cost if continues to sink (pun intended.)
The Price May Be Increasing For An Amarin Buyout [View article]
BP (BP +1%) shares have pulled back after the company announces its Gulf spill settlement includes $4B to the DOJ to end all criminal charges, plus another $525M to settle charges with the SEC. BP expects the resolution to result in an increase of ~$3.85B to the $38.1B charge taken against income as of the end of September. [View news story]
The U.S. will surpass Saudi Arabia and Russia to become the world's largest oil producer by 2017 and become "all but (energy) self-sufficient" by 2030, the IEA predicts in its annual World Energy Outlook. The forecast highlights how the U.S. shale revolution is changing the energy sector, although analysts warn that the nature of shale production means that the growth the IEA predicts isn't guaranteed. [View news story]
America doesn't need to be come 'Energy independent' ... whatever that means. And America doens't need to expend our resources foolishly. Why do you think that our Government has been helping big oil all over the world 'discover' and extract, etc. other country's natural resources for the last 60 years? And why do you think it is still cheaper to buy an export in this country than it is less than half the distance away on other continents?
What America needs is to keep it's resources until everyone else is out of theirs. Then , we'll see what expensive oil is!
Carnival (CCL) shares -17.6% in London following the capsizing of the Costa Concordia cruise ship at the weekend. The company said the hit on 2012 earnings for the loss of use will be $85-$95M, or $0.11-$0.12 a share, while the firm will also suffer further undetermined costs. (PR) [View news story]