Witzy's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/238645/comments http://seekingalpha.com/article/125338-financial-times-debunks-citi-s-memo?source=feed#comment-422396 422396
Good info to consider. However, the existence of derivatives on their books SHOULD have been evidence that the banks were doing their jobs and covering their risk exposure. If they had just done that, they and so many of the insurance companies would not be fading into oblivion right now. The number perhaps more telling in that report wsa the amount of their credit derivative contracts ($16.1 Trillion)

Swami wrote:>
> Citi and 4 other U S banks have 175 trillion in derivitives on the
> books......never hear it mentioned do you? Don't you wonder why?
>
>
> go here and verify for yourself
> OCC's Quarterly Report
> www.occ.treas.gov/ftp/...]]> Wed, 11 Mar 2009 19:29:42 -0400
Good info to consider. However, the existence of derivatives on their books SHOULD have been evidence that the banks were doing their jobs and covering their risk exposure. If they had just done that, they and so many of the insurance companies would not be fading into oblivion right now. The number perhaps more telling in that report wsa the amount of their credit derivative contracts ($16.1 Trillion)

Swami wrote:>
> Citi and 4 other U S banks have 175 trillion in derivitives on the
> books......never hear it mentioned do you? Don't you wonder why?
>
>
> go here and verify for yourself
> OCC's Quarterly Report
> www.occ.treas.gov/ftp/...]]> http://seekingalpha.com/article/124848-a-new-low-and-an-explanation-for-monetary-inflation?source=feed#comment-419113 419113 Mon, 09 Mar 2009 10:52:42 -0400 http://seekingalpha.com/article/124280-time-to-buy-china-copper-the-canadian-dollar-and-oil?source=feed#comment-417586 417586
I sold out of MPT.UN (on Toronto's TSX) years ago. I'd become unclear if they have too much financial risk. When they just had the Cardinal power generation they were easy to understand, but then...,

For Canadian resource, mid-small cap I really like CLL or Connacher. I happened to go to Business school with one of their VP's, though I have never spoke to him since then. They are a smaller oilsands play that bought their own nat. gas supply and a Montana refinery for their heavy oil. They have cash on hand, loads of reserves, and they consistently develop on time and on budget. I own it. See you in 2010 Vancouver!
On Mar 07 11:36 AM comox wrote:
]]> Sat, 07 Mar 2009 22:21:32 -0500
I sold out of MPT.UN (on Toronto's TSX) years ago. I'd become unclear if they have too much financial risk. When they just had the Cardinal power generation they were easy to understand, but then...,

For Canadian resource, mid-small cap I really like CLL or Connacher. I happened to go to Business school with one of their VP's, though I have never spoke to him since then. They are a smaller oilsands play that bought their own nat. gas supply and a Montana refinery for their heavy oil. They have cash on hand, loads of reserves, and they consistently develop on time and on budget. I own it. See you in 2010 Vancouver!
On Mar 07 11:36 AM comox wrote:
]]> http://seekingalpha.com/article/121903-u-s-economy-spending-and-phantom-financing-will-only-lead-to-ruin?source=feed#comment-399443 399443 The standard of living that we all enjoy depends upon having a functioning financial service industry. I'm still hoping that we can reform it without blowing it up...?]]> Mon, 23 Feb 2009 00:25:56 -0500 The standard of living that we all enjoy depends upon having a functioning financial service industry. I'm still hoping that we can reform it without blowing it up...?]]> http://seekingalpha.com/article/120597-currency-etf-charts?source=feed#comment-388404 388404 Full disclosure, I moved from overweight to market-weight in gold this week.]]> Sat, 14 Feb 2009 10:39:42 -0500 Full disclosure, I moved from overweight to market-weight in gold this week.]]> http://seekingalpha.com/article/119338-peter-grandich-bullish-on-oil-uranium-and-canadian-banks?source=feed#comment-383355 383355 Wed, 11 Feb 2009 00:59:04 -0500 http://seekingalpha.com/article/100205-china-s-shrewd-long-term-oil-plan-what-america-can-learn?source=feed#comment-284250 284250
I'm here in Canada, and I just do not see it. One medium sized play they were making was rebuffed and they pulled WAY back. The top 5 syndicates/companies represent 80% of current or immanent production, and China is a secondary partner in just one of these. UTS owns huge reserves, like Fort Hills with Petro-Canada, yet their stock price today reflected their cash reserves ONLY. So, if China is trying to buy in, where are they?
]]> Fri, 17 Oct 2008 01:42:49 -0400
I'm here in Canada, and I just do not see it. One medium sized play they were making was rebuffed and they pulled WAY back. The top 5 syndicates/companies represent 80% of current or immanent production, and China is a secondary partner in just one of these. UTS owns huge reserves, like Fort Hills with Petro-Canada, yet their stock price today reflected their cash reserves ONLY. So, if China is trying to buy in, where are they?
]]> http://seekingalpha.com/article/100196-libor-shows-worst-is-yet-to-come-for-credit-markets?source=feed#comment-284240 284240 Fri, 17 Oct 2008 01:18:23 -0400 http://seekingalpha.com/article/99461-largest-bond-etf-now-trading-at-a-massive-discount?source=feed#comment-283138 283138
Time has sorted this out itseems, though I suspect you expect to see a recurrence..., and more hangings]]> Wed, 15 Oct 2008 14:51:59 -0400
Time has sorted this out itseems, though I suspect you expect to see a recurrence..., and more hangings]]> http://seekingalpha.com/article/97893-777-7-where-do-we-go-from-here?source=feed#comment-270099 270099 I like your ananlogy, but let me add an additinal metaphor to it. The blood that has been flowing for too long is laced with sugar (debt), and now the internal organs like the kidneys and liver are becoming functionally impaired while the eyesight of the nation (CNBC, etc) has become blurred by diabetic retinopathy.
I have no problem with a modified bailout, and I do not think that the US/world economies are headed for the toilet. However, diet and exercise are indicated, not a pill(quick fix).
Enjoy the ride!]]> Tue, 30 Sep 2008 22:00:41 -0400 I like your ananlogy, but let me add an additinal metaphor to it. The blood that has been flowing for too long is laced with sugar (debt), and now the internal organs like the kidneys and liver are becoming functionally impaired while the eyesight of the nation (CNBC, etc) has become blurred by diabetic retinopathy.
I have no problem with a modified bailout, and I do not think that the US/world economies are headed for the toilet. However, diet and exercise are indicated, not a pill(quick fix).
Enjoy the ride!]]> http://seekingalpha.com/article/93889-seven-canadian-energy-stock-picks?source=feed#comment-269308 269308 SU) may be temporarily beaten up enough by recent production issues to offer some additional value.]]> Tue, 30 Sep 2008 02:05:07 -0400 SU) may be temporarily beaten up enough by recent production issues to offer some additional value.]]> http://seekingalpha.com/article/89050-leveraging-up-on-precious-metals-ahead-of-fed-meeting?source=feed#comment-223270 223270 Tue, 05 Aug 2008 12:45:08 -0400