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epeon

epeon
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  • BP: A Long-Term Investment [View article]
    I have taken a big (for me) position in BP when it crashed to $40. The main reason why its dividend yield and P/E is so favorable is because this was a $60 and now a $40. However, having said the above, I really haven't made much money in BP. So, I wait.
    May 12 09:48 AM | 1 Like Like |Link to Comment
  • Don't Get Suckered By This Popular High-Yield Investment [View article]
    Do you really think there is a risk of interest rates going up? The US government owes $17 Trillion. Each 1% rise in interest rates cost the US government $170 billion. The government can't pay it. I know the FED will increase the money supply to lower interest rates no matter what.
    Apr 28 01:35 AM | Likes Like |Link to Comment
  • What The Future ConocoPhillips Will Look Like [View article]
    The GOM discoveries are really quite huge. The 500 million to 1 billion barrel estimate is quite low. I would not be surprised to see that it is quite a bit more than that. I like COP quite a bit.
    Apr 7 02:43 PM | Likes Like |Link to Comment
  • You Won't Lose Sleep Owning ConocoPhillips [View article]
    I believe that you failed to account for the new finds in the GOM. They are going to bring in substantial cashflow down the years. Plust, the new tax laws in Alasak are favorable to COP. Because of these two items, I think COP is a big buy right now.
    Apr 5 01:16 PM | 2 Likes Like |Link to Comment
  • BP Undervalued And Primed For Future Growth [View article]
    When BP hit $40 I bought it. There is risk, no doubt about that. The American legal system is crazy. However, BP is not an American company. I believe that the UK government would pull out anything to save BP from American craziness.

    On the positive side, this company will have $6 + share in earnings over the next few years. The dividend is good and it will rise. So, I think this stock at $40 is a good risk. However, having said that, I have been waiting some time.
    Mar 9 10:18 PM | Likes Like |Link to Comment
  • Intel And Qualcomm Are Both Winners [View article]
    Intel has done nothing literally in years. It has been in the 15 - 25 trough over and over again. What makes you think it breaks out now?
    Feb 7 12:42 PM | Likes Like |Link to Comment
  • Stop Neglecting Oil Stocks [View article]
    This is a followup to the CVX lawsuit. The judge has admitted that he received a $500,000 bribe to rule against CVX. The documentation is quite good. Furthermore, he admits that the plaintiffs wrote the judgement.

    What a corrupt kangaroo court is Ecuador.
    Jan 31 10:16 PM | 1 Like Like |Link to Comment
  • Chevron: Lawsuit Will Weigh Heavily On Long-Term Value [View article]
    As a followup today, I was reading the releases showing that the judge had, in fact, received a $500,000 bribe to rule as he did. The documentation is pretty good. Furthermore, the judge allowed the plaintiff lawyers to write the judgement.

    What a 3rd world corrupt court.
    Jan 31 10:03 PM | Likes Like |Link to Comment
  • Chevron: Lawsuit Will Weigh Heavily On Long-Term Value [View article]
    Here is the issue: if you allow Ecuador to ignore the remediation agreement with Texaco, if you allow them to push through a lawsuit in which fraud from the plaintiff was well established than you have created a system that will attract lawyers like honey attracts bees. You will see a mountain of these lawsuits until the risk of doing business in these third world countries is so high that no one will do it. The result is a collapse in these third world economies.
    Jan 10 04:02 PM | 3 Likes Like |Link to Comment
  • BP Is Undervalued: Accumulate Shares [View article]
    All that the author has said about BP is true. I, in fact, took a position in bp for sometime. Unfortunately, it hasn't done squat. So, yes, I think the story is good but so far I have experienced little joy.
    Jan 10 12:43 PM | Likes Like |Link to Comment
  • Coal Stocks Look Ready To Run [View article]
    I have been thinking about this. I think a lot of the reason why more ng is available is because people are beginning to stop flaring. In West Texas, for example, a lot of sour gas has been flared for decades. The sour gas isn't profitable to sell and the cost of cleanup is excessive. But, I think the epa is finally figuring that out and is beginning to stop it.
    Jan 10 12:33 PM | Likes Like |Link to Comment
  • 6 Energy Covered Calls [View article]
    I play the covered call game, too. There has been quite a bit of academic study on this issue. Pretty consistently this studies have shown that one month out covered calls do the best. I have my own rules which are as follows:

    1. Buy stocks that pay good dividends. They aren't as likely to take swan dives.

    2. Write covered calls one month out where combined return is over 5% if you are called.

    3. Buy simple companies that you can understand. Oil companies, coal companies are good examples. Their product is traded on world market and you can look at production times world price and understand revenue. Banks are horrible because you never know if an "asset" (i.e. a loan) is actually good until the bank tells you. Thus, banks can have huge, unexplained, and unexpected write offs. Thus, the stock crashes unpredictably.
    Jan 1 01:04 PM | 1 Like Like |Link to Comment
  • Ruger Remains Oversold [View article]
    When Ruger dropped below $41 I bought. I was able to write a covered call at 45.50 for January at .90. I think that is the way to play Ruger. Buy on the dips and write a covered call the next month. I have done this every time there is a call for gun control and I always get a quick 10% gain.
    Jan 1 12:58 PM | Likes Like |Link to Comment
  • Vehicle Miles Driven: Population-Adjusted Number Hits Another Post-Crisis Low [View article]
    I think the correlation with gas prices is real but not direct. Most people drive to work so if gas prices go up they just have to pay, in the short term. But, people move. And, at their next move, they make sure that they are very close to work. I did that. And my number of miles dropped significantly. I used to be 25 miles away from work. Now, I am 2. Makes a big difference.
    Dec 25 08:29 AM | 5 Likes Like |Link to Comment
  • Oil Continues Up In December, Historically: How To Play It [View article]
    I wonder if this year December will be good for oil. Looking at the new tax rates, I would think you want your capital gain in 2012. So, I think there will be a lot of selling pressure. In January, buy oil. Right now, I don't think so.
    Dec 16 10:54 PM | Likes Like |Link to Comment
COMMENTS STATS
508 Comments
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