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country356

country356
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  • Zacks' Bear Of The Day: Freeport-McMoRan [View article]
    Amen!! I keep up with Zacks ratings until I started noticing that some of my stocks were going up one day, down the next and sometimes back up the day after that. What a crock!
    Mar 31, 2015. 07:59 PM | Likes Like |Link to Comment
  • Gulf of Mexico no longer safe from rig cancellations, analyst says [View news story]
    So what else is new? Rigs being stacked, contracts being cancelled or renegotiated, concessions being given in return for extensions on existing contracts, crews being laid off, etc., etc. Anyone who believes that any of this is new knows nothing about the long term offshore drilling business and should stay away from offshore drillers' stocks, just like any other company in an industry about which they don't have a clue. As for myself, just like all the downturns I rode out during my 20+- years in the offshore business, I'll ride out this one and buy a little more at every downturn. The only people who got hurt bad during the 2008-2009 disaster were the ones who either chose or had to sell at a loss. Everyone else has made a killing with all the cheap shares they bought.
    Mar 31, 2015. 03:45 PM | 7 Likes Like |Link to Comment
  • Oil prices turn higher after Fed, but EIA shows U.S. supplies hit another record [View news story]
    Maybe I'm not following your post completely, but as far as "a barrel of oil" or "a barrel of gasoline", an oilfield barrel is equal to 42 gallons, be it crude, gasoline or drilling mud.
    Mar 19, 2015. 09:30 AM | Likes Like |Link to Comment
  • Oil prices turn higher after Fed, but EIA shows U.S. supplies hit another record [View news story]
    Actually, there are 42 gallons in a barrel of oil. Just sayin...
    Mar 19, 2015. 01:47 AM | 2 Likes Like |Link to Comment
  • Kinder Morgan: A Smart Move [View article]
    My very thoughts
    Mar 11, 2015. 08:45 AM | 2 Likes Like |Link to Comment
  • Why I Would Buy Ensco Now [View article]
    Ensco has seen a lot of these downturns through the years, and as an old oilfield hand dating back to 1976, so have I. Lots of companies didn't make it and Ensco was there to pick over their bones. As far as dead money, how many companies give you an opportunity to double your money in two years, give or take. I'm buying on every 3% drop. Oil will be back, Ensco will be back and you can take that to the bank!
    Mar 7, 2015. 09:18 PM | 8 Likes Like |Link to Comment
  • One Reason Investors Should Not Buy Seadrill's Stock [View article]
    I record Cramer and seldom fail to watch his show, after all, we all need a little comedy in our day! I seldom pay any attention to his stock picks, but this time I believe he did get behind the right offshore driller. I was long SDRL for a long time and was loving the dividends while Cramer was preaching Ensco as "best of breed". Well, when SDRL cut their dividend, I really started thinking about all their debt and Mr. Fredriksons history in the tanker business, etc. and I dumped all my SDRL at about fifty percent loss and moved the money to ESV which was down about the same percentage as my loss. I'll say one thing for Ensco, I worked for four different offshore drillers during my career which dated back to 1976, and while they are all history, Ensco wound up with most of their rigs (Penrod, Western Oceanic, Dual and Pride) I not only feel safer with Ensco but am buying on every dip, because as an old oilfield hand, I can relate to all the boom and bust cycles that they go through and oil always comes back and Ensco has been doing this for a really long time.
    Feb 28, 2015. 10:15 PM | 1 Like Like |Link to Comment
  • 5 Concerns Over Freeport-McMoRan's Outlook [View article]
    I'd love to know how many shares of FCX you have shorted.
    Jan 9, 2015. 05:38 PM | 4 Likes Like |Link to Comment
  • Why Linn Energy Is Not A Ponzi-Like Scheme [View article]
    I believe that is the first of their monthly dividends, as opposed to quarterly (as in 3 x 0.2416 = 0.725)
    Jul 9, 2013. 05:25 PM | 2 Likes Like |Link to Comment
  • Caterpillar (CAT -1.7%) slips after saying that global sales of machinery, such as excavators and bulldozers, were down 1% from a year earlier for the three months ended December 31, while engine sales declined 2%, hurt by weaker demand in Asia and North America. The decline was the first since April, 2010, and stands in stark contrast to yesterdays survey results showing that loans and leases for business equipment in the U.S. rose in December. [View news story]
    I agree that the market sometimes overreacts to news, but that is the hand that we are dealt as investors, so you might as well learn to play it.
    Jan 25, 2013. 06:08 PM | 1 Like Like |Link to Comment
  • 8.22% Dividend Payer SeaDrill Is Growing Well In A Growing Market [View article]
    I owned SDRL and AGNC for a long time when all Cramer would talk about was ESV and NLY. He has started adding AGNC to his "likes" and admitted to a caller recently that he missed SDRL. I watch Cramer for his antics and to hear his take on the general market but don't buy from his picks.
    Sep 10, 2012. 09:07 AM | 6 Likes Like |Link to Comment
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33 Likes