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PalmDesertRat

PalmDesertRat
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  • Greece gets a new finance minister [View news story]
    With a name that like I assume he'll be logical.
    Jul 6, 2015. 12:19 PM | 3 Likes Like |Link to Comment
  • Statoil grants drilling contract to Baker Hughes [View news story]
    Wow, what an earth-shattering deal. this will keep BHI going for about 15 minutes. But every little bit helps.
    Jul 6, 2015. 07:36 AM | 1 Like Like |Link to Comment
  • Greece Referendum: No - 61.1%. Yes - 38.9% [View news story]
    this proves that Greece is fundamentally different from the rest of the EU. It's like inviting Syria to join.

    The EU will be better off without Greece, who can go pound salt.
    Jul 5, 2015. 09:22 PM | 2 Likes Like |Link to Comment
  • Coming Higher U.S. Natural Gas Prices Should Help Low Cost Producer Chesapeake Energy [View article]
    or maybe there will be no dividend. no declaration is required if there is no dividend.
    Jul 5, 2015. 10:36 AM | 2 Likes Like |Link to Comment
  • The Plight Of Greek Pensioners? [View article]
    Game theory ignores emotion. Usually, emotion is the determining factor, which is why game theory is more or less useless except in academia
    Jul 4, 2015. 01:31 PM | 2 Likes Like |Link to Comment
  • The Plight Of Greek Pensioners? [View article]
    There is no way this can end well for Greece, even with a "yes" vote. Somewhere I saw an article about doctors and other professionals emigrating. If I were living there as a head of household I would definitely be looking to leave, for the sake of my family.
    Jul 4, 2015. 07:48 AM | 4 Likes Like |Link to Comment
  • Schlumberger's Eurasia Deal Has Stalled ... So Has The Stock [View article]
    SLB is the best of breed. If the stock drops I'll add to my position. Like zbignue, I've owned mine for many years and have done extremely well with it.
    Jul 4, 2015. 07:39 AM | 1 Like Like |Link to Comment
  • Market Volatility, Here's What We're Doing [View article]
    Two stocks which benefit from higher volatility: CBOE which sells the vxx and VIRT.
    Jul 3, 2015. 08:27 AM | Likes Like |Link to Comment
  • Now's Really Not The Time For A Liquidity Crisis [View article]
    Interesting title-when is a good time for a liquidity crisis?
    Jul 3, 2015. 08:25 AM | 2 Likes Like |Link to Comment
  • AAII Sentiment Survey: Pessimism Rebounds To Its Highest Level Of 2015 [View article]
    good buy signal
    Jul 3, 2015. 08:18 AM | Likes Like |Link to Comment
  • The EIA's Questionable Numbers [View article]
    The inconsistencies and divergences in the various EIA reports make them all but useless. Better to just follow the price action in the markets.
    Jul 3, 2015. 08:17 AM | 3 Likes Like |Link to Comment
  • Flowserve Should Buy Energy Recovery Inc. [View article]
    it would be a spit in a rainstorm for GE, I doubt they'd waste their time on something so small. FLS makes more sense. Goose-have you mentioned it to FLS management? they might pay you a fee of some kind (probably not).
    Jul 2, 2015. 09:21 PM | Likes Like |Link to Comment
  • Coming Higher U.S. Natural Gas Prices Should Help Low Cost Producer Chesapeake Energy [View article]
    The calculation is not about net worth, and it's not about writing down reserves.

    What they do is compare the NPV of reserves- per the SEC formula- with the amount of capitalized expenditures on the balance sheet. If there's a shortfall they write down the capitalized capex to equal the npv. If there's no shortfall they do nothing.

    This is the same procedure used in almost all industries, including banking and entertainment, among others.
    Jul 2, 2015. 10:40 AM | 2 Likes Like |Link to Comment
  • Markets open higher after jobs report [View news story]
    my fearless forecast is we'll close down. who wants to be long over a three-day weekend with the Greek referendum on Sunday?
    Jul 2, 2015. 10:08 AM | Likes Like |Link to Comment
  • On the hour [View news story]
    who works til 73? I retired at 52
    Jul 1, 2015. 09:42 PM | 1 Like Like |Link to Comment
COMMENTS STATS
3,470 Comments
2,652 Likes