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  • 3 Reasons To Buy Royal Dutch Shell, Despite Lower Oil Prices [View article]
    I like all these comments very much, thanks. Total is, I believe, exposed to Canadian oil sands properties which are quite vulnerable to this disastrous drop in crude prices. StatOil (STO) has similar concerns as Shell with arctic exploration going badly. STO has had to cancel many projects and suspend deep water drilling via Seadrill etc. In that regard, everyone, even Mr. Putin, has lost face. Tough story; that too shall pass in a year or two. Meanwhile, what can we do? Sit on the sidelines and cry? What makes Shell different is its breadth of diverse oil assets and still viable natural gas business. We know the BP story and its troubles only multiply. It could happen to Shell, but not yet. Doubtless they are very vary careful now. In a mine-field, Shell seems to be the safest minesweeper out there on the deep blue sea.
    Dec 15, 2014. 11:52 PM | 3 Likes Like |Link to Comment
  • 3 Reasons To Buy Royal Dutch Shell, Despite Lower Oil Prices [View article]
    How I wish! Since 1867, we are a free and independent member of what we now know as The British Commonwealth of Nations, and, since 1982, the Westminster Parliament and/or House of Lords has no further direct influence upon Canada in such matters as tax treaties between the USA and Canada. We are, in that respect, no longer able to cloak ourselves under Her Majesty's British Prime Minister's, nor House of Lord's legal cloak that protects the British Isles from American hegemony and taxes in such treaty matters. So, once more, does anybody out there know how this matter is adjudicated?
    Dec 15, 2014. 08:30 PM | Likes Like |Link to Comment
  • 3 Reasons To Buy Royal Dutch Shell, Despite Lower Oil Prices [View article]
    PIM: Can you clarify the difference in taxes between RDS.A and RDS.B dividends when the holder of RDS.B is a Canadian Citizen/Resident, holding RDS.B, (for example in a Canadian brokerage, ie.Toronto-based account)? Does the IRS still whack all such payments with a 15% with-holding fee or tax, regardless?
    Dec 15, 2014. 06:48 PM | Likes Like |Link to Comment
  • Exxon Mobil: A Massive Buying Opportunity? Don't Drink The Kool-Aid [View article]
    Successful oil investing, like every other commodity, requires patience and courage. Oil must establish a bottom pattern before the rout is over. It hasn't yet. The rout must work its way out and marginal shale producers drop away. XOM can survive well and keep paying its reasonable dividend. The Saudis are prepared to let oil fall to about $40. It got as low as $10 to $12 last time we had a glut in 1998, so it can happen again. Be patient! When it gets to $60 or $65, XOM stock will still pay $2.76 or even a little more, giving a yield close to 5%. That level will make wait and hold worthwhile, especially if you go to dividend re-investment via a DRIP strategy. XOM is a long term buy and hold, with a 5 to 10 year time horizon; so plan accordingly. Lastly, Warren Buffett bought a huge 41 Million share position, worth over $4 Billion, in XOM, in 2013. Prices averaged in the $86 to $95 range. He's no fool; don't you be fooled, either!
    Dec 6, 2014. 12:24 AM | 1 Like Like |Link to Comment
  • Keystone XL Not Needed For The Canadian Oil Sands [View article]
    Check the records, my friends. The truth eventually comes out. On July 14, 2010, at a "private" White House meeting with Obama, Buffett apparently sealed the deal. His support for Obama's re-election and taxation proposals from Buffett was the outcome, in return for Obama and left-wing Democratic party supporters cranking up the environmental lobby attacks on Keystone XL. It has been a great deal for the Burlington Northern RR, certainly every bit as good as Commodore Vanderbilt ever designed for his RR over 120 years ago. People look and look for answers, when the truth is in front of their nose!
    Nov 20, 2014. 02:14 PM | 4 Likes Like |Link to Comment
  • Keystone XL Not Needed For The Canadian Oil Sands [View article]
    The elephant in the room and its mate are "environmentalist" opponents who are probably being funded by Venezuelan and Saudi oil interests, (plus the Burlington Northern RR of Warren Buffett); Barak Obama's core supporters, on this phony "dirty Canadian Oil Sands oil" argument. Venezuelan oil is absolutely filthy! Saudi is hardly any better, chemically speaking. Yet, NEVER, NEVER one word of protest from the American environmental movement. The silence there is deafening, despite huge volumes of crude oil from these sources entering the USA every day. Nobody is complaining at the huge volumes of "dirty" Canadian oil entering the USA in Buffett's RR tank-cars, either. How very curious!
    Nov 20, 2014. 01:19 PM | 8 Likes Like |Link to Comment
  • IBM: Has The Stock Reached A Bottom? [View article]
    Few may recall, many, many years ago, after the glory days when IBM was in a Blue Chip class of its own, it had a very bad stumble. Shares fell 50%; management had to be changed. Gerstner came in, rethought the business model completely, turned the big blue ship around. It took time but it worked. Sounds to me that we are at that cross-roads again. Not unlike Eastman Kodak was, once. Where P&G is today, too. That is the big, $100 Billion question. I say, watch Warren. He is not going to let his enormous stake in IBM languish for long. Remember P&G in the months ahead and look for an IBM Duracell moment. Long overdue, in my opinion. Big changes, like what happened to Canadian Pacific are a must or the big engine that could can't anymore and will end up like Kodacolour film: History.
    Nov 16, 2014. 05:42 PM | Likes Like |Link to Comment
  • Intel In 3D: Likely To Double In 2 Years [View article]
    The proof of the veracity of this article thesis is the emerging notion that the PC/Laptop is not a declining product, and will surprise the markets by its resurgent growth. Intuitively, a switch of all chip market growth toward a strictly mobile computing device is not logical. When an office worker or serious creative person must sit down and spend hours on the web, or connected to cloud computing systems, there is a need for integrated connectivity of mobile devices with a "stationary" larger screen PC type device. An advanced laptop with normal input keyboard ergonomics and a decent sized screen should surprise the many users and device producers now on a madcap race to go 100% mobile. Intel seems poised to prove there is still a reasonable, growing, market share for the concept of the Lap-top/Keyboard work station. It is a little like the argument that the use of sheets or pads of paper and writing tools, like pens and pencils, shall fade away (as did papyrus and feather-quill ink pens, 150 years ago). Cheer up, the horseless electric car, buckboards, horse drawn carriages and buggy whips shall rise again, confounding all the skeptics. Just look at Queen Elizabeth's Royal transport, still the envy of the world, and smile!
    Nov 5, 2014. 06:19 PM | 3 Likes Like |Link to Comment
  • Despite What Berkshire Holds, IBM Is Still Not A Buy [View article]
    Rising interest rates seem to lie ahead and IBM has no income growth visibility until well into 2015.
    The overall market is in a peripatetic declining mode; watch out below! Only a long term view, into 2016 -18, makes sense now, if surviving a dip ahead is acceptable. Once yield approaches 3.5% the stock price should begin to stabilize, in my view. Watch and pray!
    Oct 29, 2014. 12:17 PM | 2 Likes Like |Link to Comment
  • GLD: 'I Am As Mad As Hell, And I Am Not Going To Take This Anymore' [View article]
    I am Canadian. I know Eric Sprott. On September 15 and 16, 2011 he was actively promoting his physical silver bullion-backed ETF; "PSLV", as a buy, trading on the NYSE at $18.63. He even convinced me, and probably hundreds of others attending that conference, to buy shares at market, when their Net Asset Value was about 20% less (NAV = $15.49). What none of us knew at the time, THOSE VERY SAME 2 DAYS; Sprott was selling 1,754,000 of his own, personal shares of PSLV at about $19!!!
    When I got wind of it a few weeks later, I immediately sold my position and avoided a big loss. Eric kept on pumping this PSLV sale for months and years after. It is now well below $8. I personally confronted Eric some time after that and he said: "I had to do it because the NAV was 20% below market." Here in Canada they named The Sprott Business school after Eric! I call it a school for scandal! Much of his endowment of it was paid for by the proceeds of a string of similar slight of hand tricks of the trade. Look, Avi and fellow readers, Eric Sprott is a charming, even likeable and believable "pitch man"; but when you confront him he can get very testy and unpleasant. All skilled con-men, whose Houdini cape and top-hat are stripped off in public, react the same. As Bobby Kennedy said, Ari: "Don't Get Mad, get even!" Save your energy for developing and reporting "Just the facts, man! Be a cool headed umpire, call 'em as you see 'em and you'll be a World Series Champ.
    Oct 26, 2014. 02:09 PM | 4 Likes Like |Link to Comment
  • CF Industries: Get Out While You Still Can [View article]
    I am a long term holder of Deere. It has dropped about 20% below its high recently. This looks like a warning of a further drop. I would appreciate some guidance of its possible direction during 2015. During the 2008-2009 decline in crisis, DE fell below $30. Does anyone see that scenario again?
    Oct 8, 2014. 05:04 PM | Likes Like |Link to Comment
  • Natural Gas: The 'Goldilocks' Storage Picture Is Masking Deep Containment In The Marcellus [View article]
    Gas looks to be ready to gradually slide lower, into the $3.50 to $3.90 range as supplies in-situ grow. Until real volumes of NG exports to Europe/Asia are realized, we are deep in glut territory. 2015 will be a year of surprises, mainly on the low side of the NG price spectrum. Look to oil to continue its downward drift. Saudis and other OPEC members have no intention to cut supplies, as Libya gets back on to the export market and Brent crude falls below $90/bbl in the next season to April. By then WTI could be threatening $70 to $75, and Brent at maybe $80/bbl. That poses a real constraint on NG prices.
    Oct 2, 2014. 09:28 PM | 8 Likes Like |Link to Comment
  • Valero Is On Track To Grow [View article]
    Yes, I can definitely see $35 if we see WTI oil down to the $70 or $75 range and ethanol use decline as petroleum products prices/volumes drift lower. 2015 is likely to be a rather low point in oil demand and also in growing natural gas supplies at declining prices. The shift toward natural gas fuels will take the bloom off the oil rose in 2015, in my view.
    Sep 30, 2014. 02:20 PM | Likes Like |Link to Comment
  • Why Visa Stock Is A Good Investment Opportunity [View article]
    Arie: Another fine article confirms my positive impression of VISA. Law suits are a concern, please follow up on these threats. Also, some countries. like Canada, are questioning the charges credit cards make and seem ready to force lower costs onto VISA, AXP and MC. Please comment on this possible future development if you can.
    Sep 6, 2014. 02:06 PM | Likes Like |Link to Comment
  • SeaDrill: A Great Buying Opportunity In A High-Yielding Stock [View article]
    The market for SDRL shares is fearful; it's time to be greedy and buy. It pays to buy and to hold, waiting until the shares increase to their fair market value. By 2016 the market will be greedy for these shares, probably getting close to the time for me to feel a lot more fearful and a time to sell! This looks like a soon to be Buffett target; when can we expect he'll start to buy, like he did with NOV?
    Sep 2, 2014. 06:56 PM | 2 Likes Like |Link to Comment