BHP Billiton (BHP): H2 profit before items -35% to $7.16B vs. consensus of $6.96B. Abandons $20B Olympic Dam copper expansion and will look at a "less capital intensive option." Won't approve any new projects until at least mid-2013. It's the biggest sign of how China's slowdown has stalled the global mining boom. (PR) [View news story]
Develop the mine and drive copper towards 3. Shut it and copper trends towards 4.
A panel of Norwegian oil and gas experts says the costs of offshore drilling are too high and calls for easing safety rules to save up to 1T kroner ($167.5B) and allow greater volumes of oil and gas to be produced. Without action, there's a "grave danger" that vast resources may remain in the ground forever. Norway's petroleum production fell 4% in 2010 and 5% in 2011. [View news story]
This problem can only be solved one way. The Norwegian's allow the costs to be passed onto the consumer. Long STO
Is NovaGold A Long-Term Buy At These Levels? [View article]
SLC, A few near term catalysts to get you started. With a bit of your own DD, you'll be able to add more. NG sells other assets. (Galore Creek) The permit procedure begins and goes well. NG finds someone to replace ABX. ABX gets their act together.
Siemens (SI) expects the market for industrial software, which helps companies develop aircraft, robots and other complex products, to grow in the "high single digits" over the next few years, executive board member Siegfried Russwurm says. "We are counting our revenues in this segment in the billions (of euros) rather than millions," Russwurm says. [View news story]
These guys have pretty much been right on since 2007.
The Norwegian oil workers' strike has shut down 240K bbl/day, or 15%, of the country's oil production, and 11.9 mmcf/day, or 7%, of its natural gas output, a significant cut which could push oil prices higher. The strike has affected Statoil (STO) the most; the Norwegian company shut down four new installations and says it is losing ~$25M/day. [View news story]
The only reason STO would lose 25M/day is if they know they will gain at least 30M/day once the strike is settled. Bullish.
Siemens: 1 European Stock You Should Be Buying [View article]
OSRAM. SBS. Both units have been sold over the last two years. SI withdrew from a nuclear project in Finland and I think they reduced their stake in Nokia Siemens Networks. Q4 of '07 they were already in the process of downsizing (sp). We all know what happened to GE in '08. Been long SI since '06. Synergy and focus, you sound just like Loescher! Also, GE has a finance unit. If the finance unit is able to "make things work" other units revenue look good. I believe the financing behind SI projects are more sound.
Good Dividend, Great New Discoveries, Great Prospects Make Oversold Statoil A Great Buy [View article]
We do have choices for power generation.. Diesel, fracked nat gas, strip mined coal or nuclear. The way I see it...pick your poisons and make some money as you go. STO has an outstanding safety record and a worldwide reputation for superior technical abilities. Been long STO for 3 years..
SandRidge: Best Positioned For Industry Challenges [View article]
I'm with you. SD is well hedged for the next three years. (95-98bbl) Another point, their shallow wells lead to lower production costs. Falling oil prices should hurt other producers a lot sooner than SD.
Halliburton: A Potentially Great Entry Point, Or The Chance To Earn 8% In 5 Months [View article]
Good point. I'm new to this so I appreciate hearing a downside. So I understand this strategy, would this be the thing to do? Own the stock at 23, sell naked puts at a 15 strike three months out. Should it hit 15 you're in at near book value, one half enterprise value and with a near 3% dividend . Would buying further out 20 puts protect you also?
Brazil's Consumer Boom Is About To Blow Up In Investors' Faces [View article]
To protect its' own economy Brazil been trying to devalue its currency for a while. My thought is that the efforts have finally taken hold. They have recently stymied off shore drilling with a court case against Conoco and Exxon has pulled out of a JV with Petrobras. I suspect Santander has recently had to move some assets back to Spain also. As a result, Brazil should now have a bit more control over its local economy and the ability to cut consumer credit rates to maintain GDP. Sounds bullish to me. Am I nuts? Thanks for the article.
TIM Brasil: How Should Investors Treat The CEO's Departure? [View article]
To protect its' own economy Brazil been trying to devalue its currency for a while. My thought is that their efforts have finally taken hold. They have recently stymied off shore drilling with the court case against Conoco and Exxon has pulled out of a JV with Petrobras. I suspect Santander has recently had to move some assets back to Spain also. As a result, Brazil should now have a bit more control over its local economy and the ability to cut consumer credit rates to maintain GDP. Sounds bullish to me. Am I nuts? Thanks for the article.
BHP Billiton (BHP): H2 profit before items -35% to $7.16B vs. consensus of $6.96B. Abandons $20B Olympic Dam copper expansion and will look at a "less capital intensive option." Won't approve any new projects until at least mid-2013. It's the biggest sign of how China's slowdown has stalled the global mining boom. (PR) [View news story]
A panel of Norwegian oil and gas experts says the costs of offshore drilling are too high and calls for easing safety rules to save up to 1T kroner ($167.5B) and allow greater volumes of oil and gas to be produced. Without action, there's a "grave danger" that vast resources may remain in the ground forever. Norway's petroleum production fell 4% in 2010 and 5% in 2011. [View news story]
NovaGold: Putting My Money Where My Mouth Is On This Gold Miner [View article]
NovaGold: Putting My Money Where My Mouth Is On This Gold Miner [View article]
NovaGold: The Most Contrarian Gold Investment [View article]
Thought provoking article. Thank you. I think the dollar has a small chance of getting much stronger. I am right there with you
Is NovaGold A Long-Term Buy At These Levels? [View article]
Is NovaGold A Long-Term Buy At These Levels? [View article]
A few near term catalysts to get you started. With a bit of your own DD, you'll be able to add more. NG sells other assets. (Galore Creek) The permit procedure begins and goes well. NG finds someone to replace ABX. ABX gets their act together.
Siemens (SI) expects the market for industrial software, which helps companies develop aircraft, robots and other complex products, to grow in the "high single digits" over the next few years, executive board member Siegfried Russwurm says. "We are counting our revenues in this segment in the billions (of euros) rather than millions," Russwurm says. [View news story]
The Norwegian oil workers' strike has shut down 240K bbl/day, or 15%, of the country's oil production, and 11.9 mmcf/day, or 7%, of its natural gas output, a significant cut which could push oil prices higher. The strike has affected Statoil (STO) the most; the Norwegian company shut down four new installations and says it is losing ~$25M/day. [View news story]
Siemens: 1 European Stock You Should Be Buying [View article]
Good Dividend, Great New Discoveries, Great Prospects Make Oversold Statoil A Great Buy [View article]
SandRidge: Best Positioned For Industry Challenges [View article]
Halliburton: A Potentially Great Entry Point, Or The Chance To Earn 8% In 5 Months [View article]
Brazil's Consumer Boom Is About To Blow Up In Investors' Faces [View article]
Thanks for the article.
TIM Brasil: How Should Investors Treat The CEO's Departure? [View article]
Thanks for the article.