huangjin

Kraft, Kinross and ConocoPhillips: A Stock Banquet

I lower goodwill to 0 when conservatively valuing most companies. In the case of brand names, it's a bit unfair. Brand names do have value, but there isn't a market for them. Goodwill is the closest thing we have. If someone buys a cheese factory for $10 million and another cheese factory with identical output sells for $50 million because it puts Velveeta on the box, we can make an estimation of the value. The important questions are, when did Kraft buy these assets, and for what price? Another factor to watch is intangible brand value. If a brand loses value due to scandal, poor quality, bad marketing, etc, then the goodwill is lost, even if it doesn't show up on the balance sheet.

Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy

The information is useful, but I think you're attacking a straw man. I don't know of any Republican politician who thinks drilling is the only solution. The "drill" line is simply a slam against those who use ideology in place on pragmatism on energy. The Boehner plan, which most Republicans support, is an "all of the above solution". Do everything possible to increase energy production: nuclear, wind, coal, solar, tidal, oil, hydro, natural gas, biofuels, etc.

I could write an article about how solar is not the solution, tidal is not the solution, wind is not the solution, natural gas is not the solution, etc. (I'm not sure that nuclear and coal couldn't single handedly provide the nation's energy needs.) Isolating any energy will show that it can't solve the problem.

Negative Trend for Oil Exploration and Production Stocks

Analysts value E&P companies on earnings estimates, investors value the present value of reserves plus future production. What do I care about natural gas prices in October when I am looking at production and reserves in 2010 and beyond?