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153972

153972
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  • The Oil Price Crisis: What Is The Economic Cost To The U.S.? [View article]
    I like the article since it provides another viewpoint about possible negative effects of significant drop in oil prices within a short period of time but the multiple/accelerator effect is a little fuzzy how it is incorporated IMO.

    I do wonder, however, based upon the latest GDP report that it appears the consumer is spending some of their gasoline consumption savings on healthcare, durable goods, and non durable goods, insurance, professional services, etc. Businesses too are spending more on durable goods per the latest report possibly in response to increased consumer spending. This additional consumption and investment, moreover, only factors in that the price of a barrel of oil decreased 10% from the beginning of Q3 to the end of it.

    With this in mind, what will consumers do when the price of a barrel of oil is reduced by 38% for Q4?

    Dec 27, 2014. 05:07 PM | Likes Like |Link to Comment
  • Update: Share Repurchase Plan Should Provide Some Support To Chesapeake [View article]
    CHK per Google Finance has already spent over $1 billion on buybacks this year and since it was in the approximate 25 dollar range per share this buyback has been very expensive. Moreover, the outstanding share count per Google Finance has not gone down in the same timeframe so where did that buyback of shares go? It wasn't to the ordinary stockholder. It proportionately went to upper management and the board.

    I don't see buybacks as a winner for this stock regarding price support. I still maintain that CHK would've better off providing the $1 billion in a special dividend to ordinary investors and preserving the cash for opportune oil and gas investments as well as paying off their upcoming bond debt that is due in 2016 and 2017.
    Dec 27, 2014. 11:50 AM | Likes Like |Link to Comment
  • Update: Chesapeake Energy - Shareholders Just Got An Early Christmas Present [View article]
    CHK per Google Finance has already spent over $1 billion on buybacks this year and since it was in the approximate 25 dollar range per share this buyback has been very expensive. Moreover, the outstanding share count per Google Finance has not gone down in the same timeframe so where did that buyback of shares go? It wasn't to the ordinary stockholder. It proportionately went to upper management and the board.

    I don't see buybacks as a winner for this stock regarding price support. CHK would've better off providing the $1 billion in a special dividend to ordinary investors and preserving the cash for opportune oil and gas investments as well as paying off their upcoming bond debt that is due in 2016 and 2017.
    Dec 26, 2014. 08:28 PM | Likes Like |Link to Comment
  • Fires Still Burning In The Oil Patch [View article]
    Could you provide some fact based evidence from independent sources showing that the 5% GDP is false?
    Dec 26, 2014. 06:00 PM | 1 Like Like |Link to Comment
  • November Housing Sales: A Detailed Look [View article]
    Housing demographics for millennials will be vastly different that their preceding generations. A more realistic starting point for first time single family homeownership is mid thirties.
    Dec 26, 2014. 05:29 PM | 1 Like Like |Link to Comment
  • Wells Fargo's Oil Exposure Raises Some Concerns [View article]
    With no mention of who the borrowers are this article is providing info but not something I'd hang my hat on.

    If the analyst from JPM and the author of this article would've added more info such as the average credit rating of the syndicated loans, what companies were the top 20% of the loans that WFC had lent to then the reader could gauge what the impact might be.

    The WFC earnings conference call will be interesting to listen to.
    Dec 26, 2014. 03:47 PM | Likes Like |Link to Comment
  • Fires Still Burning In The Oil Patch [View article]
    eagle1003,

    Oil in the the US is translated into refined gasoline for autos, trucks and airplanes. There is limited amounts of oil used for heating and only in the Northeast. Since fuel mileage for all vehicles and airplanes have improved significantly in the US, Europe, Asia, and S. America, the demand equation has effected all oil producers. In addition in S. America and Asia, particularly China NG is used as a transportation fuel much more than the US and Europe so demand for oil has also decreased as transportation fuel in those two regions beside improved fuel mileage.

    At the same time, I wouldn't discount speculators having to reverse their long positions and getting out of the market or reversing and going short for as a large part of the price decline either.

    The outstanding GDP figure IMO is valid given the stats that I've been reading from the FED, BLS, conference call reports from retailers, industrial, consumer staples, etc. Some people just don't believe good news but do jump on the bad as gospel and all too often to confirm their preset opinions.
    Dec 26, 2014. 12:15 PM | 1 Like Like |Link to Comment
  • Rail Traffic Bucks Trend [View article]
    netbluesky,

    I wasn't addressing the price of coal. The link I furnished was for coal shipments and carloads are down for the month and overall down for the year.
    Dec 26, 2014. 11:37 AM | 1 Like Like |Link to Comment
  • Rail Traffic Bucks Trend [View article]
    No coal has been in almost free fall this year.

    http://bit.ly/1rm5ru2
    Dec 25, 2014. 09:00 PM | 1 Like Like |Link to Comment
  • Is Chesapeake Energy Making The Right Move? [View article]
    Since CHK's asset base is diminishing in value from where it was last year and given its high debt load, a more prudent use of the almost $5 billion asset sale would've been to pay off some of its outstanding debt.
    Dec 25, 2014. 08:40 PM | Likes Like |Link to Comment
  • Update: Share Repurchase Plan Should Provide Some Support To Chesapeake [View article]
    A special one time dividend IMO would've more stock holder friendly.

    CHK should've also used some of its proceeds from the sale to pay off some of its burdensome debt since we are in a lower priced commodity market for at least a year.

    I sold 25% of my holdings yesterday after the big bounce on the stock buy back news.
    Dec 24, 2014. 04:33 PM | Likes Like |Link to Comment
  • Chesapeake Energy: Brilliant Stock Buyback, But Will It Help? [View article]
    CHK IMO should've paid off some its debt with the nearly $5 billion in proceeds. They have trimmed some debt in the past but it is still too much given this environment.

    Upon the news about the buy back I trimmed 25% of my holdings in CHK. IMO if they wanted to award shareholders, a one time dividend would've been more appropriate.
    Dec 24, 2014. 04:27 PM | Likes Like |Link to Comment
  • Intel: Long-Term Benefits From Alliance With Xiaomi [View article]
    The ROW high tech, chip, mobile, FB, etc companies need to factor in that their relationships, investments, with the PRC and the private enterprises in China are not aligned with their investing partners. China is rampantly corrupt and Xi is not fixing the problem except that he arresting and incarcerating his political adversaries.

    With this in mind, I'd suggest a word of caution for anyone investing in Chinese stocks through ADRs or through the Hong Kong equity markets.
    Dec 22, 2014. 05:21 PM | Likes Like |Link to Comment
  • BofA and U.S. Bancorp face another mortgage suit [View news story]
    mmacius, Why am I not surprised that your knowledge of George Bernard Shaw is also limited. He was a socialist. There is a significant gap between how a socialist gains political power and how an avowed communist seeks political power. Once in power there is also a wide divergence in how they govern.

    I am sure in your world there isn't any difference but since I live in the world that opinions ought to be based upon facts, definitions, etc. we will have to disagree.

    Do you think that Obama is a socialist too? Or maybe you think he is a Nazi?
    Dec 21, 2014. 10:53 AM | Likes Like |Link to Comment
  • BofA and U.S. Bancorp face another mortgage suit [View news story]
    mmacius,

    "The power of accurate observation is commonly called cynicism by those that haven't got it."

    George Bernard Shaw
    Dec 20, 2014. 07:41 PM | Likes Like |Link to Comment
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