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dernpets

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  • Sell Gross, Buy El-Erian? I'll Take The Other Side Of That Trade [View article]
    wow - said it like it is!
    Feb 28 12:54 PM | Likes Like |Link to Comment
  • Proxy advisory service ISS recommends Transocean (RIG +1.3%) shareholders vote for two of three board candidates proposed by Carl Icahn, and vote against RIG Chairman J. Michael Talbert. RIG strongly disagrees with the ISS position, saying Icahn and his nominees haven't offered a plan "other than the extraction of an unsustainable dividend." [View news story]
    Change is necessary and change is inevetible; the more change in that changeless board environment (or should I say Ivory tower) the better chance of momentum going forward.

    That cold board in the snowy alps is getting stiff and needs a blast of warm Houston (or should I say San Diego) weather.

    I will vote with ISS.
    Apr 26 10:47 AM | Likes Like |Link to Comment
  • Starbucks (SBUX) buys its first coffee farm with the purchase of a 600-acre property in Costa Rica. The company plans to test new coffee varieties and do research at the location. [View news story]
    Does'nt this investment take them out of their core business; growing cofee exposes them to many unknowns and does not insulate them in any way from a bad crop year, considering their annual volume requirement.
    Mar 19 11:52 AM | Likes Like |Link to Comment
  • BHP bought 100K metric tons of iron ore on the spot market in a rare move traders see as a strategy by producers themselves to stem a decline in prices as Chinese demand wanes. The cargo is not for immediate delivery, adding weight to the argument that BHP wants to support prices, traders say, though some participants believe BHP’s move may be due to supply issues. [View news story]
    Well maybe BHP will benefit incrementally, from such a move. They have a transport advantage over the Brazil (Vale) but they have a higher labor cost issues.See the labor cost budget over runs that CVX is experiencing.
    Jan 18 11:27 AM | Likes Like |Link to Comment
  • Small Investors 'Facebooked' In Zipcar Buy [View article]
    Mr Blankenhorn; great article and advice to keep in mind. I just lost on ZIP unless the lawsuit threat gets Avis to shell out - upto the 52wk high.

    Your technical knowledge on the QCOM-CSCO is great; obviously looking at results is the way to go; but the technical incites from detailed product knowledge - adds up to a winning combination.
    Jan 4 11:12 AM | Likes Like |Link to Comment
  • U.S. Govt. Shutdown? Greater Economic Risks Arising From Canada Cutting Off Oil Leases [View article]
    Vivian

    There seems to be some philosophy behind some of these comments - on your article.
    But in general - from my view - I like the points you made; and it is amusing to note the irony - regarding Koch Exploration.
    Dec 19 12:03 PM | Likes Like |Link to Comment
  • Cisco Dumps Linksys, Still Stuck In Telco Trap [View article]
    Very smart reasoning and a clear presentation of the mindset of Telcos; gives me something to think about - on my Csco shares.
    I certainly am a squeezed telco client.
    Dec 17 10:17 AM | Likes Like |Link to Comment
  • Phosphorus: The finite supply of it is why Jeremy Grantham predicts a grim future for much of the world's population. As production of the critical ingredient for fertilizer drops, so will crop yields, which will threaten the ability to feed the world's population. Grantham thinks the finite supply of fertilizer and limits of crop yields already are starting to affect food prices. [View news story]
    I agree - so what if we start to get short on phosphorus; will we, have enough water - will drought ridden farmers even need the phosphorus when they have no water; let's focus on climate change and weather patters for the overall good of humanity.
    "Man does not live on Bread (phosphorus) alone ---"
    Dec 5 12:45 AM | Likes Like |Link to Comment
  • Vale (VALE) has spent ~$2B on a fleet of mega-ships to carry its iron ore from Brazil to China, but China won't let them in. It's a blow to Vale's global distribution strategy and illustrates the blurred line between China's state-owned enterprises and the country's regulators. [View news story]
    Maritime history repeats itself; like when US line built the first mega container ships; and it looked like there was no commercial market viability to recover the economic cost; they went bankrupt and were sold; guess what the ships were here to stay; and even bigger ones got built and are very profitable.
    It was a screaming case of sound economics to proceed with the construction of those first ships - but certain other factors were not in place. The same happened when the first 450,000 dwt super VLCC's the Globtic London and Tokyo got built.
    Vale had the vision (/cash) and the technology was available to build these super VLOC's; they are a large company and they have to be patient, because of Mr Market - but thet will get a return on their investment in spades.
    Besides Vale has been running it's own ore carrying operation for years, with a fleet of ore carriers; the undersigned represented them on the US gulf coast in the 1980's - carrying out fleet maintenance work, and has some pleasant memories of a professional well managed fleet.
    Nov 14 09:43 AM | Likes Like |Link to Comment
  • Penn West (PWE -4.2%) shares plunge after posting a Q3 loss and revenues fell 2.4% Y/Y. PWE's weighting to liquids production reached a new high of 66% vs. 63% in the year-ago quarter. Average production for the first nine months of 2012 was 163,635 boe/day vs. 161,171 boe/day a year ago. Q3 capex was $405M vs. $481M a year ago. [View news story]
    I like at this price too; but may wait to add.
    Nov 2 02:37 PM | Likes Like |Link to Comment
  • Talisman Energy (TLM -7.9%) shares are downgraded by Tudor Pickering and Scotia Capital, and BMO Capital cuts its price target to $15 from $18, after the company posted a surprise Q3 loss yesterday and a 23% drop in cash flow. "We will live within our means," CEO Hal Kvisle pledges. "We'll set capital spending budgets that can be funded by operating cash flows." [View news story]
    Does any body out there know - if Talisman is a good .long (possible 2 yr) buy, now that it has fallen off - so steeply. Since Nexen's sale is in jepordy does TLM have any near term upside ?
    Oct 31 11:49 PM | Likes Like |Link to Comment
  • McMoRan Exploration (MMR +4.8%) shares are strong today on no apparent news; MMR declared quarterly cash dividends on its preferred stocks, but the common shares had surged well before the announcement. [View news story]
    Thank you for the information
    Oct 13 08:39 PM | Likes Like |Link to Comment
  • Good And Bad News For Molycorp [View article]
    Thank you for your information; it was very informative. I got in at 16 having tracked MCP for a long time. I am wiser now after, the data you provided.
    Oct 12 10:53 PM | 1 Like Like |Link to Comment
  • McMoRan Exploration (MMR +4.8%) shares are strong today on no apparent news; MMR declared quarterly cash dividends on its preferred stocks, but the common shares had surged well before the announcement. [View news story]
    Anybody have any ideas why the stock has gone up??
    Oct 12 04:39 PM | Likes Like |Link to Comment
  • Also giving a lift to iron ore prices (and the stocks of the companies that dig it up) is the Indian Supreme Court banning all mining activity in the state of Goa. The case stems from questions over whether the proper royalty has been paid on mined ore. VALE +2.2%[View news story]
    Yes - local political corruption is high and this is good decision by the courts; besides - the mining stoppage, should help alleviate the miserable operating comditions and environmental damage within the area, at least temporaily.

    The neighbouring state of Karnataka had similar issues, last year, that almost displaced the states chief minister - but with illegal mining permits, in this case a much more serious issue;

    Fortunately none of these companies scrips trade hear; though large international companies are arriving on the indian mining scene - viz. Posco and Vedanta of the UK .

    Ironic that both Brazil and Goa are old portugese colonies.
    Oct 8 11:04 PM | Likes Like |Link to Comment
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