Bill Murray

XTO Energy Just Picked a Bad Day To Announce Earnings

Good post user 68127. I am long XTO, but its hard to feel bad for any company operating in the oil and gas sector right now...every trade has two sides, that's what makes a market. When the evil investment banks were publising research reports on 'super-spikes' in oil prices that scared the #!@^ out of my poor mom at home watching the evening new trying to figure out how to pay for her gas and heating this winter, no XTO long was complaining about those pesky speculators.

The spread between price and growth, commodity price, etc will tighten over time. This company is solid and has a clear strategy it executes very well. Things will work themselves out here. The investors, such as myself, who are long in an IRA shouldnt be watching the market close enough to know where the hedge funds are moving in and out of, thats a job for people who work at, well, hedge funds...

MBIA: Moody's Twists the Knife

Pls turn to page 33.

library.corporate-ir.n...

Thats $129 billion of CDO exposure. $129 billion. No one has booked this stuff to its true value so its difficult to tell what this stuff is really worth (and what these guys will have to pay out in insurance claims). Well, actually, JP Morgan put a $2 price tag on this stuff when they bought Bear Sterns ($150/sh company a few months earlier)? So if JP Morgan says $150 is now worth $2, wouldnt you have to say that $129 billion is now worth, 1.7 billion? Yikes.

Barron's Banks on $100 Oil

I agree with others that oil is going higher. The Fed is hancuffed by the growing (yes, still growing) credit crunch and Saudi talk is just enough to make sure the pot doesnt get too hot causing the frog to jump out. I think there will be sideways movement and then another jump later this summer toward $150. By then, $130 oil will be a way of life so going from $130 - $150 will be "tolerable" as opposed to going from $100 - $150. Did anyone else hear the talks from other OPEC nations saying they would need to cut production to counter act a Saudi increase...? The sad thing is, there most likely is far more oil in the sand than anyone realizes. Think about it, if they were running out of oil reserves, would that be broadcast so the price would jump to $1000 until the last drop was gone???? If the bottom of the well were in sight, they would do everything they could to make sure they got top dollar, including and probably specifically by publicly stating the issue and causing panic. Instead they are hiding their cards and making everyone think the next tank of gas they fill up might be their last.