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judejeffrey

judejeffrey
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  • Time To Buy Argent (And A 17% Yield) Before Earnings [View article]
    A company with good prospects will buy back its shares to support the stock price. At this point, they will make a good more than a 20 percent return in Canadian dollars. That is a whole lot of money to be made by a simple move to be decided by the Board of Directors. Rates are low and, even if they have to borrow, they still will make a very good return. If they do nothing, there will truly be a crisis of credibility, not to mention a lot of very, very unhappy shareholders who will bail with any uptick.
    Apr 3, 2014. 01:06 AM | 1 Like Like |Link to Comment
  • U.S. crude oil futures (USO, UCO) settle near $100/bbl as supply concerns due to geopolitical turmoil override fears about the global economy. Brent crude moves past $103, but the spread over WTI continues to narrow. Refiners continue to get slammed: CVRR -5.2%, ALJ -3.9%, PSX -3.4%, CVI -3.3%, WNR -3%, TSO -3%, CLMT -2.5%, VLO -2.4%, MPC -2.2%, DK -2.1%, NTI -2%, HFC -1.8%[View news story]
    The press gives this explanation for the narrowing spread: BP's Whiting refinery in Indiana is back at full production, adding ~$1B/year to operating cash flow to its bottom line but also raising demand for WTI crude, which likely will push the price difference between WTI and pricier Brent crude to below $5 for the first time since early 2011, analysts at Tudor Pickering Holt say.
    Jul 3, 2013. 03:26 AM | Likes Like |Link to Comment
  • U.S. crude oil futures (USO, UCO) settle near $100/bbl as supply concerns due to geopolitical turmoil override fears about the global economy. Brent crude moves past $103, but the spread over WTI continues to narrow. Refiners continue to get slammed: CVRR -5.2%, ALJ -3.9%, PSX -3.4%, CVI -3.3%, WNR -3%, TSO -3%, CLMT -2.5%, VLO -2.4%, MPC -2.2%, DK -2.1%, NTI -2%, HFC -1.8%[View news story]
    Brent crude almost always moves up on fears of Mid East conflicts.
    We have 2 happening now, Syria and Egypt. Odds are that Brent will continue to move up in the near term. This will place the refineries in a better position.....Some say that demand for WTI has increased recently, thus causing the price to go up. However, remember that some refineries also process cheap Canadian oil from the tar sands.
    Jul 2, 2013. 09:11 PM | Likes Like |Link to Comment
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