whiteowl

8 Comments

    • At the Right Price - Cramer's Lightning Round (9/22/08) [view article]
      Flour.. Flour.. all I get for FLR is Fluor Corporation. Are you speaking of flour as a commodity? Sep 22 11:36 PM
    • The Hindenburg Omen: Crash Signal In Play [view article]
      Never heard such a bunch of trash in my life. Geeeeeshhh... Jun 21 11:10 PM
    • Excellent Stocks When (If) Oil Hits $150 [view article]
      Unfortunately, very few wall street firms have any credibility at all in the energy sector, and CSFB is not one of them. Their list includes some attractive companies, but it's hardly valuable information. If one really is interested in the sector, I would suggest following BMO strategist Don Coxe and McDep Associates' Kurt Wulff. These guys were making specific recommendations and pounding the table on the sector when everyone else thought oil was going back to $30. Jun 09 06:36 PM
    • The Oil Shortage, and Other Fairy Tales [view article]
      Okay, maybe it's time for the "it has to be a bubble" crowd to have their moment in the sun. Surely there is a speculative element to today's oil prices, and it is entirely possible that the ultra short term future of crude prices is down. But it is obvious that few here have studied the industry in depth. Only one commenter here even mentions the inexorable bulldog of decline, a fact of life in the production of oil & gas which seems to have escaped the writer of the article as well. Folks, it's not as if you have a well and it keeps producing at a certain rate over its lifetime. Nominal industry-wide decline rates of 6% (much higher in some of the giant fields such as Cantarell) mean that if we are producing 85 million bpd today, next year we must bring on 5.1 million bpd of new production simply to stay even. This is why estimates of excess OPEC capacity, even if true, don't change the long term picture. It's good that people have learned something from the tech bubble, but the uninformed assumption that energy is tech all over again is unfortunate. Go light on those shorts if you want to stay alive. May 22 12:43 PM
    • Brazil, the Bovespa Index, PBR and Me [view article]
      You missed at least two other catalysts for yesterday's action: the Brazilian currency gained 2.6% against the USD, and as the previous poster stated, PBR was granted big increases on the prices it can charge for diesel and gasoline.

      The first point is GOOD for PBR as they are spending billions in the shipyards of the world and are also import light sweet crude to feed their refineries. Also, strength in the reai vs USD means a higher price on the ADRs.

      Your trade didn't work. Move on.       May 01 04:40 PM
    • Earnings Preview: Schlumberger [view article]
      Judging only by the market action today, there are some optimists out there that think SLB will please tomorrow. The stock rose all afternoon, then spiked on volume to its highest level of the day at the closing bell. Apr 17 04:35 PM
    • Yamana: Stock Down on Concerns about Costs and Forecasts [view article]
      "emerging mining powerhouse"? That remains to be seen, doesn't it?

      I sold my AUY a long time ago, when I started to worry that management is more interested in building a global empire than they are in building gold mines.

      At some point, the jet-set allure takes over and fundamentals are left behind.

      I decided to switch my gold money into a company whose management actually seems to enjoy, and to be focused on, building gold mines. I'm not here to pump it, but the name is Agnico-Eagle.

      AEM and KGC are two names in the sector that I believe are preferable investments to AUY. There may be others. Beware the "empire builders" with loftier ambitions on their mind than simply creating value for stockholders.

      All just my opinion, of course.       Apr 06 10:55 PM
    • Gold Stocks: Too Much Speculative Risk for My Taste [view article]
      An article by a person who feeds seven stocks into someone's computerized valuation program and makes a sector call? Whooee!

      By the way, Newmont and Barrick (especially Newmont) are not "leaders"; they are only "large". There's only one company on this list that I would only consider for purchase (KGC), and I don't own it anymore because I can do better with a gold stock not on his list.       Apr 04 08:04 PM
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