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James Hanshaw

James Hanshaw
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  • Spain's Cost Of Keeping The Euro [View article]
    Dfjpr, very interesting to hear a voice from Spain and a positive one at that. I hope you were not one go those who suffered from the "internal devaluation"as did many young people who still are suffering.

    I hear that parts of southern Spain are still enduring appalling poverty. We also read that many in Catalonia want to separate from Madrid. I live in Switzerland and many educated Spanish younger people have, fortunately, been able to find new lives here but would rather be at home. I also know of a Swiss company that recently started a branch office in Madrid and is delighted with the decision to do that - their findings, so far, are very positive in virtually all respects.

    My wife and daughters enjoy shopping for clothes at Inditex shops. Let's hope Spain does truly pick up.

    But I still say the euro is the wrong currency for you and other countries if you are chained by it to a country like Germany and the best thing for all, including non- euru country Switzerland, would be for Germany to break that chain and leave before others break it - Italy or France or Greece will but I do not know which will come first. .
    Aug 1, 2015. 12:15 PM | Likes Like |Link to Comment
  • Spain's Cost Of Keeping The Euro [View article]
    Interesting article and comments. I have seen many on Italy and, of course Greece, but not many on Spain.

    In my view the best solution to the dysfunctional EU and its woefully unsuitable currency, the euro, would be for Germany to leave the euro and return to the DM. There have been studies - by German economic professors - showing that after a relatively short adjustment period for Germany it would benefit Germany and those remaining with the euro.

    As far as Spain is concerned Germans helped its economy immensely when they poured into buy holiday homes with their strong DM. When they lost that they stopped buying those homes and that was part of the cause of the construction sector crash that damaged Spain so much. It all comes back to Germany - they must act and they can do so in a way that benefits all but with the awful lack of leadership there I doubt it will
    Jul 31, 2015. 12:54 PM | 1 Like Like |Link to Comment
  • Reuters: Cheniere Energy plans to deliver LNG to central Europe [View news story]
    New 20 year contract announced today for Chile - the first in South America. It will be regassifed at destination by a floating vessel but I do not know yet who will own that.
    Jul 31, 2015. 12:25 PM | Likes Like |Link to Comment
  • Boehner gives support for ending oil export ban [View news story]
    At long last maybe a glimmer of common sense on this is emerging from Washington. Keeping the ban in place was equivalent to protecting OPEC some of whose members hate the US. There will be quite a few countries that would prefer to buy from the US rather than from OPEC. The CEO of Pioneer Natural Resources claimed several months ago that lifting the ban would lift US crude prices by $10 per barrel. That should get some drilling going again in the US.
    Jul 30, 2015. 12:12 PM | 2 Likes Like |Link to Comment
  • Helmerich & Payne: Great Volatility Coming With Great Rewards [View article]
    You are probably right - those smaller companies most likely have basic technology rigs so are not worth buying.

    There is a report today that Washington will start talking - at long last - about lifting the crude oil export ban next year. If that happens US land drilling could pick up quite rapidly. There are many countries who would prefer to buy from the US, rather than OPEC, if given the chance.

    I bought into HP today. Hopefully my timing will be right
    Jul 30, 2015. 12:02 PM | Likes Like |Link to Comment
  • Reuters: Cheniere Energy plans to deliver LNG to central Europe [View news story]
    Coming back to the headline of this report by Reuters I can find no news relating to this on LNG's website, neither confirmation nor denial.
    Jul 30, 2015. 11:53 AM | Likes Like |Link to Comment
  • Helmerich And Payne - Massive Potential For The Patient Investor [View article]
    With the talk that Washington might finally lift the crude oil export ban early next year US land drilling could start to pick up fast again.
    Jul 30, 2015. 11:49 AM | Likes Like |Link to Comment
  • U.K. Economy Shows Impressive Rebound In Second Quarter [View article]
    Markit, thank you for the report. B.Wilds. I agree with those points. Britain does not make enough of what the world wants for manufacturing to be hit hard by a modest appreciation in the value of Sterling. If it made more of what the world wants customers would still buy because price is not the first element in purchase decisions for the right products.

    in 1960 one pound sterling would buy 12 German marks. If the DM existed today it would be closer to parity. Despite that devaluation Britain went from being the world's leading exporter of manufactured to goods to being an also ran. Germany, with a strengthening currency, went the other way because it made the right (right includes high quality) products.
    Jul 29, 2015. 01:08 PM | 1 Like Like |Link to Comment
  • Helmerich & Payne: Great Volatility Coming With Great Rewards [View article]
    Interesting article, thank you. I plant to buy into HP soon. Gaining market share is always hard to do but once gained it is also hard to lose provided you keep customers happy. I was surpassed to see that HP had only gained 1% from "Other land drillers". Is this because there are many small ones with small customers that might not be targets for HP? I suppose it also indicates a fairly fragmented market that might provide opportunity to gain market share perhaps by acquisition.
    Jul 29, 2015. 12:53 PM | 1 Like Like |Link to Comment
  • Reuters: Cheniere Energy plans to deliver LNG to central Europe [View news story]
    It is merely an opinion. You would probably have been similarly sceptical when I bought in at $3.42.

    There are others more qualified than I with 12 month price targets significantly higher than they are today.
    Jul 29, 2015. 11:56 AM | 2 Likes Like |Link to Comment
  • It's Not Rocket Science: STAG Is Now Grossly Mispriced [View article]
    Interesting article and comments. I was going to buy STAG a couple of weeks ago but did not get around to it. I am pleased I did not but now I shall based on this article.

    It might not be a huge part of STAG's portfolio but since you mentioned Greenville/Spartanberg and BMW, I shall too. Greenville was my home town in the early 1980s when I founded a German company there prior to BMW's arrival. I moved back to Europe long ago but on occasional visits I found it hard to recognise the place because the growth has been so great. That growth is going to continue based on BMW's decision to build its LARGEST car making plant in the world - not at home in Germany - but in Greenville/Spartanberg. If STAG has an empty property there I doubt it will stay that way for long.
    Jul 29, 2015. 11:29 AM | 3 Likes Like |Link to Comment
  • Helmerich And Payne - Massive Potential For The Patient Investor [View article]
    Good article, thank you. I have been looking at HP for some time and may buy soon. Another driller that I like and own but bought before the price crash is Canadian company Trinidad Drilling. It has latest technology rigs and a jv with Haliburton plus it pays a nice dividend too. I think now is a good time to buy in.
    Jul 29, 2015. 04:24 AM | 1 Like Like |Link to Comment
  • Weatherford Is Worth $4 [View article]
    I agree with most of the points and have a few of my own. I got out at around $20, fortunately. I did so because management seemed not to have a clue which of their many activities made a profit and which a loss. They had problems with the US tax authorities then moved to Switzerland to lower their tax base ...then moved to Ireland to lower their tax base. All in the space of around four years. The real and unspoken reason for the move from Switzerland, in my opinion, is that the Swiss had a referendum that gave shareholders more control over executive pay and these useless, overpaid execs at Weatherford did not like that idea.

    My advice would be to stay well away. There are plenty of good companies in this sector for sale at bargain prices today.
    Jul 28, 2015. 01:05 PM | Likes Like |Link to Comment
  • How To Play The Commodity 'Super' Sell-Off [View article]
    There is another article on SA today telling us that the commodity decline is now in its 13th year. If one believes in cycles and particularly 14 year cycles then a turn up is not far away.
    Jul 28, 2015. 12:38 PM | Likes Like |Link to Comment
  • Reuters: Cheniere Energy plans to deliver LNG to central Europe [View news story]
    Interesting idea. Cheniere is my best ever investment, by far. I bought in at $3.42. I wondered what they might do next and this makes enormous sense. Another of my good investments is Hoegh LNG who have the technology and floating regasification vessels. It has one operating off Lithuania helping that country avoid dependence on Russian gas.

    Another company doing similar is Golar LNG. Maybe Cheniere will joint venture with one of these or go it alone. Either way I like the idea. Cheniere's price has slid back quite a bit recently and I believe is a good buy right now, the other companies I mentioned too. There are many spots in the world where these floating LNG vessels will one day be used.
    Jul 28, 2015. 11:43 AM | 4 Likes Like |Link to Comment
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