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PalmDesertRat

PalmDesertRat
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  • Declining North American Rig Count Weighs On Schlumberger [View article]
    the rig count will stop dropping soon. the market discounts the future, not the past
    Apr 17, 2015. 08:10 PM | Likes Like |Link to Comment
  • Sandisk Earnings Preview: Give It Time - The Gift That Keeps On Giving [View article]
    Now that the news is out, has your opinion changed?
    Apr 16, 2015. 07:44 AM | 1 Like Like |Link to Comment
  • EOG has lion's share of 900 North Dakota wells awaiting fracking [View news story]
    Looking at their 10-K, the statement that EOG represents the "lion's share" of 900 unfracked wells in the Bakken sounds fishy.
    Apr 14, 2015. 08:52 PM | 3 Likes Like |Link to Comment
  • Bloomberg: Disgruntled Altera shareholders pushing for Intel deal [View news story]
    but at a lower price. good for intc
    Apr 13, 2015. 05:39 PM | Likes Like |Link to Comment
  • At the close [View news story]
    Energy was the weakest sector, even though oil prices rose.
    Apr 13, 2015. 04:40 PM | Likes Like |Link to Comment
  • Inventory Build May End Sooner Than Expected, Cushing May Not Fill - Impact On WTI [View article]
    Seems low to me, too. But are those estimates at all accurate?
    Apr 13, 2015. 03:44 PM | Likes Like |Link to Comment
  • Exxon Mobil Corporation Overvalued, Dividend Not Sustainable [View article]
    Credit ratings are good for the moment you look at it. They can and often do change frequently. The credit rating is no guaranty.
    Apr 13, 2015. 11:43 AM | 3 Likes Like |Link to Comment
  • U.S. oil rig slowdown resumes rapid pace, down 40 this week [View news story]
    you're absolutely correct. Rigs drill, they don't produce. A decline in the rig count will show up in reduced production months later. Look at some of Douglas Ryan's articles, he has a lot of good data, showing an historical lag of about six months between reduced drilling and reduced production. But that all depends on the areas being drilled and the seriousness of the rig count decline. So it's only an indication.

    Monday the 13th will be the new issue of the Drilling Productivity Report. Last month showed a slight production decline in some basins, this month ought to show an overall production decline. The rig count decline has been going on for quite a while, it's about time to show a production decline.
    Apr 10, 2015. 11:29 PM | 6 Likes Like |Link to Comment
  • Exxon Mobil Corporation Overvalued, Dividend Not Sustainable [View article]
    if XOM were to cut its dividend the world as we know it would come to an end.

    Expect XOM to take other steps in order to maintain the dividend.
    Apr 10, 2015. 04:49 PM | 21 Likes Like |Link to Comment
  • U.S. oil rig slowdown resumes rapid pace, down 40 this week [View news story]
    pumping and drilling are different things.
    Apr 10, 2015. 03:59 PM | 10 Likes Like |Link to Comment
  • Intel reportedly ends Altera talks; shares fall (updated) [View news story]
    If that's true, why are the shareholders selling today?

    Daane probably believes it's worth more, and his word is all that's necessary
    Apr 9, 2015. 10:30 AM | 1 Like Like |Link to Comment
  • Intel reportedly ends Altera talks; shares fall (updated) [View news story]
    this might not be over. stay tuned.
    Apr 9, 2015. 09:21 AM | 3 Likes Like |Link to Comment
  • Government to raise Medicare Advantage rates, not cut them [View news story]
    I think it's under the sub-category of business development for health care providers.
    Apr 7, 2015. 07:38 AM | 2 Likes Like |Link to Comment
  • Another Sign Of U.S. Growth Slowdown Risks: ISM [View article]
    XLI has been the weakest sector recently, confirming the data.
    Apr 5, 2015. 06:53 AM | Likes Like |Link to Comment
  • King Is King [View article]
    In the latest quarterly report, they mention the increasing use of virtual currency by customers.

    They have an amazing cash hoard. Any idea how much of that is virtual currency?
    Apr 5, 2015. 06:52 AM | Likes Like |Link to Comment
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