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PalmDesertRat

PalmDesertRat
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  • BHP Billiton And The Giant Demerger [View article]
    newco will be listed in the US. look at the company's website
    Jan 27, 2015. 09:20 PM | 2 Likes Like |Link to Comment
  • EOG Resources: Eagle Ford Key To Surviving Low Oil Prices [View article]
    The bottom will occur when capitulation occurs in EOG stock. You heard it here first.
    Jan 27, 2015. 08:44 AM | 1 Like Like |Link to Comment
  • Chevron/Exxon Earnings Preview: 2015 Revisions Are Shocking [View article]
    All of my energy stocks are above their December lows. The December lows seem to have been a panic reaction to what was happening at the time. I think we'll break through those lows if crude prices don't recover soon. Today, for example, USO set another new low but XLE and others were up.
    Jan 26, 2015. 04:21 PM | Likes Like |Link to Comment
  • Oil Glut, Collapsed Prices, Layoffs Be Damned: Production Soars [View article]
    In many cases that would damage the reservoir, also they could lose the lease which is "held by production"
    Jan 23, 2015. 09:22 AM | 2 Likes Like |Link to Comment
  • Oil Glut, Collapsed Prices, Layoffs Be Damned: Production Soars [View article]
    took some SLB profits today at 82.93
    Jan 22, 2015. 10:51 AM | 1 Like Like |Link to Comment
  • ECB launches €60B per month QE [View news story]
    nice
    Jan 22, 2015. 09:09 AM | Likes Like |Link to Comment
  • Tootsie Roll CEO dies [View news story]
    What kind of company has a 95-year old as CEO? Just another example of why not to invest in a company controlled by a family.
    Jan 21, 2015. 03:42 PM | 1 Like Like |Link to Comment
  • Southwestern Energy Announces Pricing Of Public Offering Of $2,200 Million Of Senior Notes [View article]
    Good article
    Jan 20, 2015. 11:44 PM | Likes Like |Link to Comment
  • Don't Rely On Your Emotions To Trade The Oil Patch [View article]
    In addition to oil producers, XLE includes refiners, service companies, midstream companies, and natgas producers. Many of these companies react contrarily to a given move in oil, or they react to different factors, such as natgas prices.

    Instead of XLE, I would assemble a group of individual stocks of companies which are primarily oil producers, such as EOG, OXY, MRO, COP.
    Jan 20, 2015. 02:45 PM | Likes Like |Link to Comment
  • Taking A Look At Historical Natural Gas Prices [View article]
    DVN and RRC are NOT gas-focused, they're oil focused. DVN was gas focused until they sold gas assets at the bottom and bot oil assets at the top.
    Jan 20, 2015. 09:16 AM | 1 Like Like |Link to Comment
  • Schlumberger's Q4 Earnings Portend Protracted Decline In Oil Industry [View article]
    My strategy is to buy low and sell high, but I guess yours is sell low and hope to buy lower. It could work.

    I sold half my SLB position on June 26 at 116.35. In recent days I've been buying back, got some at 78.93 on Jan 12.

    My thesis is that the world will still use fossil fuels for the next few years, and the producers will need vendors to supply the needed goods & services. So I expect the oil service industry will still be with us.

    SLB will be able to pick off weaker competitors to add to their business portfolio (if they choose) and will probably increase market share if the current weakness persists.

    Will things keep getting worse? Maybe, but who really knows? I've run a position in SLB for many years, through several up and down cycles. My experience has been that to buy low and sell high works fairly well.

    but I could be wrong.
    Jan 19, 2015. 11:22 AM | 2 Likes Like |Link to Comment
  • Falling Oil Prices Hit LNG Producers As Prices Collapse [View article]
    Isn't LNG affected primarily by the price of natural gas? Certainly there is some degree of interconnect among all the major fuel sources but wouldn't natgas be the primary driver for LNG? Of course, Natgas prices have had their own problems, which are reflected in LNG.
    Jan 19, 2015. 11:15 AM | Likes Like |Link to Comment
  • Schlumberger - Dollar Cost Average Into This Great Business At A Reasonable Price [View article]
    What maximum % do you consider prudent?
    Jan 19, 2015. 09:53 AM | 1 Like Like |Link to Comment
  • Buy Baker Hughes On Potentially Higher Bid [View article]
    Based on the closing price for HAL on Friday and the terms of the deal, BHI should be worth 62.8256 right now, whereas BHI's closing price Friday was 56.56.

    The discount reflects the market's doubts about the deal being completed. If you think it will be completed it would be best to short HAL and buy BHI. That way it doesn't matter where the prices go, but the gap will close when the deal closes.
    Jan 19, 2015. 09:21 AM | 1 Like Like |Link to Comment
  • China shares plunge on margin-trading ban [View news story]
    It's a credit contraction for the economy, but looks to be only temporary. It could be trouble.
    Jan 19, 2015. 07:55 AM | 5 Likes Like |Link to Comment
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