Alan von Altendorf

http://www.cwsx.org
Total Rating:
+22 / -20

256 Comments

    • Wed Sep 17th 08:52 AM | Rating: 0 0
      Commented on:
      All Shoes May Drop for the Banks
      Good idea. Well presented. Thank you.
      View article »
    • Wed Sep 17th 08:29 AM | Rating: 0 0
      Commented on:
      Russian Oil Is Worth the Risk
      Sept. 17 (Bloomberg) -- Russian markets stopped trading for a second day after emergency funding measures by the government failed to halt the biggest stock rout since the country's debt default and currency devaluation a decade ago. www.bloomberg.com/apps...
      View article »
    • Wed Sep 17th 04:38 AM | Rating: 0 0
      Commented on:
      Russian Oil Is Worth the Risk
      FT Alphaville: Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20%, as a sharp slide in oil prices and difficult money market conditions triggered a rush to sell. The heads of the Russian central bank, the finance ministry and the financial market regulator met Tuesday night for an emergency discussion on ways to halt the crisis. Earlier, trading had been suspended on both the Micex and RTS stock exchanges as investors ignored assurances by Russian officials and a cycle of distrust set in amid liquidity fears. Margin calls forced domestic traders to liquidate positions and brokers pulled credit lines. At least one Moscow bank failed to meet payments. The rouble-denominated Micex Index closed nearly 18% down, the sharpest one-day drop since the August 1998 financial crisis, while the dollar-denominated RTS index closed down 11.5%, its lowest since January 2006, and interbank money market rates climbed to 11%, their highest since summer 2004.
      View article »
    • Wed Sep 17th 02:30 AM | Rating: 0 0
      Commented on:
      Russian Oil Is Worth the Risk
      For once I will encourage people to read what Pursley is pointing to. Study it. He's absolutely correct about the Russians. They believe in abiotic sourcing. They also use passive seismic, listening at 2Hz-5Hz. The rocks whisper I'm a reservoir, drill here. I kid you not.
      View article »
    • Tue Sep 16th 21:42 PM | Rating: 0 0
      Commented on:
      AIG Bailout: Over to Congress
      <i>yes, it would be better if the market solved its own problem. But even a cursory analysts of the serpentine connections between AIG and capital markets tells you that the latter just can't happen, so you have to hold your nose, be an adult</i>

      No, sir. You meant be a coward. Be a child caught with one hand in the cookie jar and the other in his pants. You mean complexity is too much for "markets" to cope with, but government can? Sigh... F
      View article »
    • Tue Sep 16th 21:12 PM | Rating: 0 0
      Commented on:
      Russian Oil Is Worth the Risk
      "I was considering buying [PetroChina], but I was also looking at Yukos in Russia. This was cheap, too. I decided I’d rather be in China than Russia. I liked the investment climate better in China. In July, the owner of Yukos, Mikhail Khodorkovsky (at that time, the richest man in Russia) had breakfast with me and was asking for my consultation if they should expand into New York and if this was too onerous considering the SEC regs. Four months later, Khodorkovsky was in prison. Putin put him in. He took on Putin and lost. His decision on geopolitical thinking was wrong and now the company is finished. Petro China was the superior investment choice. 45% was a crazy amount of dividends to offer but China kept its word." -- Warren Buffett, January 2007, shamgad.blogspot.com/2...
      View article »
    • Tue Sep 16th 04:06 AM | Rating: 0 0
      Commented on:
      Russian Oil Is Worth the Risk
      Absolutely not. The Russians can't maintain or grow their oil & gas business without IOC partners, which they've driven out, and resource nationalism combined with their thug mentality is a recipe for war. I wouldn't put a dime's worth of cash at risk in Russia or the Caspian. Exxon and BP want out. Sinopec backed out of a pipeline deal.

      View article »
    • Tue Sep 16th 01:08 AM | Rating: 0 0
      Commented on:
      Oil? What's Oil?
      200979: Merrill
      View article »
    • Mon Sep 15th 21:13 PM | Rating: 0 0
      Commented on:
      Believe It or Not, It's Still a Normal Bear
      You're a likable guy, Mr Nusbaum. I appreciate the heads-up about normal and 1095 as an inflection point. Thank you.
      View article »
    • Sun Sep 14th 23:11 PM | Rating: 0 0
      Commented on:
      Lehman Files For Bankruptcy
      I think I understand why Mr Jansen approved of the Frannie bailout. It may unravel and revealed to be ineffective, typical of all govt "action" as a rule. But it was advertised as a backstop. No one wanted a meltdown.

      And now we have it. That's the real import of Mr Jansen's post, above. Lehman, AIG, Merrill, maybe Goldman too. The jig is up, correct?
      View article »
    • Sun Sep 14th 02:40 AM | Rating: 0 0
      Commented on:
      Petrobras: Great for Brazil, Not So Great for Shareholders
      Kezorm wrote:

      > Enough oil and porosity makes the sand optional...

      I appreciate the offer of tea, and I'm glad obviously to have a friendly tete-a-tete, but note that I was speaking precisely about an Exxon subsalt sandstone discovery which I believe is unlikely and which Petrobras targeted and did not find. There was a productive pre-rift sand Sergi Formation in the Manati Field that raised expectations in pre-rift and sag phase subsalt plays. No dice. PBR found layered carbonates in Tupi and Jupiter. I wish I had more info (always the case everywhere), but the discussion so far has been high pressure injection and fracing, which means low perm, tight gas.
      View article »
    • Fri Sep 12th 23:51 PM | Rating: 0 0
      Commented on:
      No Conspiracy Behind Tumbling Commodities
      Mish, the way I read the money supply data, USD moved higher because banks stopped lending. Velocity stalled.

      See www.nowandfutures.com/...
      View article »
    • Fri Sep 12th 21:47 PM | Rating: 0 0
      Commented on:
      For Market Volatility, Blame (or Credit) the Media and the Internet
      Tim, you're a thoughtful guy and wonderful writer. Strong thesis, with two faults. In days of Gould and Fisk, newspaper editors and slander drove hysterical, spiralling trades. But more importantly, today as well as a century ago, "demand" has a very specific economic meaning: how much cash or credit you have and are willing to pay out for something (shares or option contracts or bonds). I wouldn't dismiss or denigrate decentralized global interactive news and opinion. It helps discover and mitigate the "weight of money" conundrum, where bulge bracket entities are hamstrung for fear of moving too much money.
      View article »
    • Fri Sep 12th 20:08 PM | Rating: 0 0
      Commented on:
      Petrobras Looks More Compelling Than Ever
      paulk: I disbelieve economically recoverable giant oil field in subsalt. I think what they have is primarily gas, which Brazil needs for thermal electricity generation. Moreover the reserves estimates are wrong. My opinion only. Let's wait and see what Exxon says.
      View article »
    • Fri Sep 12th 10:48 AM | Rating: 0 0
      Commented on:
      Petrobras Looks More Compelling Than Ever
      Cal48: I don't expect Brazil to nationalize PBR, primarily because it already is. Lula's govt has majority control of voting shares, appoints all management, sets capex, imports, thermal power, retail prices. Floating ADRs raised capital. Announcing big reserves postponed the matter of paying dividends and drew in vendor financed big ticket iron. Happy ending for Brazil. Zero exports to the US.
      View article »
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»