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losbronces

losbronces
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  • Wall Street Breakfast: Oil Majors Cut More Jobs As Crude Slides [View article]
    Plenty of negative TSLA articles too. Most are negative in fact. Current articles in order:

    Incredible Shrinking Tesla Disclosure (negative)
    Is the Tesla Bubble finally bursting (negative)
    Before you short Tesla Remember This (positive)
    Tesla's Catastrophic and Contradictory Press Conference (negative)
    Tesla China Problem (negative)
    Tesla's latest sales projections for 2025 is next to impossible (negative)
    Tesla will set a new Model S US Sales record (neutral)
    Why falling oil prices won't stop Tesla (positive)
    Jan 15, 2015. 10:57 AM | 2 Likes Like |Link to Comment
  • Swatch boss: "Tsunami" just hit Swiss exporters [View news story]
    So it would seem, as negative bank rates haven't deterred the conversion of Euros into Swiss Francs.

    Their economy is small, but this move is going to hurt it. Besides the famous watches; they produce some pharmaceuticals, dairy products and they have a decent tourism industry. Move is negative for all of those.
    Jan 15, 2015. 09:44 AM | 1 Like Like |Link to Comment
  • Swatch boss: "Tsunami" just hit Swiss exporters [View news story]
    It is interesting that the symbol UBS (http://bit.ly/1yn8imm;getfields=*) which is the symbol for UBS Group AG doesn't work on this site. It is a valid NYSE symbol as I've shown with the link attached.

    And it does trade at a different price than OUBS.
    Jan 15, 2015. 09:20 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Oil Majors Cut More Jobs As Crude Slides [View article]
    Volatility in oil remains. WTIC now up 2% at 49.49/bbl, passing Brent crude.
    Jan 15, 2015. 08:32 AM | 1 Like Like |Link to Comment
  • A Few Quick Observations On Crude [View article]
    The US is going to do that too (increase the Federal fuel excise tax). And I think it will happen quickly.
    Jan 14, 2015. 09:37 AM | Likes Like |Link to Comment
  • A Few Quick Observations On Crude [View article]
    Exploration and capital expenditures are already being/have been cut by O&G E&P companies in the US and Canada.

    I am surprised at the rise of fuel in prices in Hungary. Although oil is priced in $US and the Euro is declining, I see no explanation for a 40% price increase in refined product.
    Jan 14, 2015. 09:08 AM | Likes Like |Link to Comment
  • Everything Has Changed: Oil, Saudi Arabia, And The End Of OPEC [View article]
    If that were their intention, I believe they could sell their in-the-ground reserves to the oil majors and probably get at least the difference between their current cost of extraction and $40/bbl.
    Jan 13, 2015. 01:51 PM | Likes Like |Link to Comment
  • Copper Makes A Move - Is Copper The Next Oil? [View article]
    The number of mines that can produce copper below $1/lb is very low now. Lower fuel cost will help, but that alone won't make $1/lb copper feasible for all but a handful of mines.
    Jan 13, 2015. 09:29 AM | 3 Likes Like |Link to Comment
  • Copper Makes A Move - Is Copper The Next Oil? [View article]
    I have puts against FCX. Besides copper, they are exposed to high-cost oil production.
    Jan 13, 2015. 08:17 AM | 2 Likes Like |Link to Comment
  • CVR Refining: Looking Into The Puzzling 30% Decline [View article]
    We used to store No. 6 fuel oil (AKA Bunker C) for long periods without problems. It was to used to run a back-up power plant that saw only intermittent use. That plant would not be operated for months at a time.
    Jan 12, 2015. 12:50 PM | Likes Like |Link to Comment
  • Penn West: Oil For Pennies On The Dollar [View article]
    Okay, then look just at the Canadian oil & gas P & E companies in 2009. There were outsized gains from March 2009 through March 2011. PWE tripled by 2011 off those lows, while BTE went from under $8 to over $60 in the same period.
    Jan 9, 2015. 10:15 AM | Likes Like |Link to Comment
  • The World's Largest Net Lease REIT Is Ripe For A Takeover [View article]
    Sometimes selling the parts actually generates more profits than trying to find someone to take the whole thing. That strategy has been fairly common especially with activist investors involved.
    Jan 8, 2015. 09:50 AM | 3 Likes Like |Link to Comment
  • Helmerich & Payne says rig prices down 10% amid "ugly" land driller outlook [View news story]
    Break even cost for tight oil is much higher than that: http://bit.ly/1AuxMBu. Berman estimates $80-$85/bbl for the Bakken, and thats the best of the shale plays (i.e., others will have higher break even). Per Berman, there will be no new financing for drilling tight oil with oil under $90.

    Sure, once you are producing the cost is low (maybe that is where your $5 comes from). But every well has an EUR associated with it. If you are going to break even; then you have to cover all of your costs with that recovered production. Some of the producers may be forced to continue to generate some cash to meet high interest debt requirements, but some will turn of the tap in an effort to eventually recover their investment.
    Jan 8, 2015. 08:59 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Eurozone Prices Fall For First Time Since 2009 [View article]
    You clearly didn't look very hard. Try Googling "sensitive urban areas in France".
    Jan 7, 2015. 03:48 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Eurozone Prices Fall For First Time Since 2009 [View article]
    Islamists control various sections of French urban areas where the police will not enter, and Shiria law is practiced within those confines. They are called "sensitive urban zones" and are actually authorized under French law.

    Its not looking the other way, these autonomous zones are something they have provided for by law. 
    Jan 7, 2015. 11:15 AM | 3 Likes Like |Link to Comment
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