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kmi

kmi
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  • Crude futures decline after inventory data [View news story]
    44 comments on this as I type. I have never seen 44 comments on an oil inventory report current in SA.

    I'd say it looks like there's more spec interest in the oil trade now than there's been in a long time.
    Mar 5, 2015. 08:44 AM | Likes Like |Link to Comment
  • Reports: Microsoft cutting 9K Chinese jobs at two Nokia plants [View news story]
    Zune was the kickoff for the UI in Win8 and WPhone; it's debatable whether or not people like it, but it isn't debatable that it's innovative and looks like nothing else.
    Feb 27, 2015. 10:23 AM | Likes Like |Link to Comment
  • Natural Gas futures decline further as inventory shows a less than expected draw [View news story]
    CME is not a scam. The guys complaining are mad likely because they expect a certain market performance on certain fundamentals they think they have accurately assessed, and their trades went against them and they lost money.

    At any given moment an actual market participant - hedger, producer - may be making decisions that have nothing at all to do with the actual current price of the futures contract, which can burn the guys -speculators - trying to daytrade a couple of ticks out of a futures contract.
    Feb 27, 2015. 09:54 AM | 1 Like Like |Link to Comment
  • Oil briefly turns positive on report of possible OPEC emergency meeting [View news story]
    I think there's a lot of guys out there trying to play where they shouldn't is all. When one doesn't have a sound grasp of contango or the fact that it is the price of entirely different futures contracts than the currently traded one, that suggests the waters may be deeper than they should feel comfortable swimming in. Contango is far more useful and relevant to folks trading the futures than say USO, and if you're trading USO you shouldn't really need to worry about it except in the most general sense, as just another indicator that you may be taking into account for a trend confirmation.
    Feb 27, 2015. 09:50 AM | Likes Like |Link to Comment
  • Reports: Microsoft cutting 9K Chinese jobs at two Nokia plants [View news story]
    I don't know about that. It is, indeed, true that MS has little if any mobile phone market share, but Win10 appears to be about leveraging its existing desktop and living room assets (desktop OS and xbox) to create momentum behind the platform.

    Although it's also true that a flagship device has yet to be introduced, MS's success with Surface is an indicator that MS can indeed create a hardware product that has appeal and momentum.

    Anyone who has a desktop has a partial investment into the MS - let's call it, for lack of a better word - ecosystem, so it isn't that far-fetched to imagine integrating a Win phone into it.

    I recently purchased a BLU Win HD right off Microsoft's online store - dual SIM in the US market! - for just $200 after taxes and shipping and am giving the OS a more thorough run.
    Feb 27, 2015. 09:38 AM | Likes Like |Link to Comment
  • Germany approves Greek bailout extension [View news story]
    Although there's pretty much unanimity in the belief that a debt haircut will have to happen at some point, I am beginning to get skeptical it's in the cards (even though I think it would be great).

    -Greece already runs a primary budget surplus.
    -Greece has not been defaulting on its payments.
    -EZ is printing and attempting to generate inflation/devaluation.

    If/when Greece manages growth, while maintaining its primary budget surplus, and making debt payments, it doesn't seem there will be much cause or momentum behind a haircut. Debt haircut may only come in the event of a hard default which doesn't seem likely at all given the commitments on both sides.
    Feb 27, 2015. 07:59 AM | 1 Like Like |Link to Comment
  • Reports: Microsoft cutting 9K Chinese jobs at two Nokia plants [View news story]
    Harsh!

    Although I'm inclined to agree that Nokia's business model and MSFT's are different and that to a large degree this was a simple business decision to trim unnecessary legacy assets, I'm not quite as ready as you to throw WP to the sharks.

    I think at bare minimum we should see what the convergence implied by Windows10 will produce before giving up all hope.

    I do think that the retail storefront of MSFT's WPhone is horrible and the WP software still needs some polish, but I'm am cautiously optimistic overall.
    Feb 26, 2015. 08:38 PM | 3 Likes Like |Link to Comment
  • Reports: Microsoft cutting 9K Chinese jobs at two Nokia plants [View news story]
    China has been taking US names off its lists of approved companies to do business with even as the list has been growing, according to Bloomberg (including Cisco and Apple among others). Same report blames NSA fiasco for it. I'm not sure about the NSA scandal - I'm guessing China has been feeling its oats and feels prepared to play in the big leagues of technology after having co-oped decades of R&D through technology transfer partnerships.... So this may well be a US company hitting back, but more likely it's a simple financial decision....
    Feb 26, 2015. 03:57 PM | 2 Likes Like |Link to Comment
  • Bakken oil drillers retreating to the core [View news story]
    Soooooo.... Will Saudis continue pumping at the same level while US production gets taken out of the market? Keeping price at this level? Will Libya increase production? Will Nigeria Mexico and Venezuela take over for the out of commission US shale drillers?

    Tune in next week for more drama in the oil patch!
    Feb 26, 2015. 03:50 PM | 2 Likes Like |Link to Comment
  • Oil briefly turns positive on report of possible OPEC emergency meeting [View news story]
    Contango is a very general indicator of direction. It's far more relevant to hedgers/producers and only helps speculators in the vaguest way. Just because the curve shows contango doesn't mean it can't snap into backwardation at a moment's notice. Using contango as an indicator for anything more than short term trading just isn't a good idea.
    Feb 26, 2015. 03:39 PM | Likes Like |Link to Comment
  • Most Keystone XL crude would stay in the U.S., report says [View news story]
    That's a global growth chart. US demand has been mostly flat, it may perk up a bit with declining prices, but it's been mostly flat for a long time now. Therefore, you must be more interested in global demand, which reinforces the point that the pipe is mostly as a conduit for Canada to export its oil into the world market. Perhaps there's some value to US refiners in obtaining cheap Canadian crude to refine and export, but that would be a case of creating domestic policy to the benefit of a very, very small subset of interested parties, which isn't how policy works - or how it should work anyway.

    I'm agnostic on this - I don't care either way, but so far you haven't convinced me. Neither have the project's opponents though, so there's that.
    Feb 26, 2015. 03:34 PM | Likes Like |Link to Comment
  • U.S. West Coast refinery profit margins jump [View news story]
    Also the moves in opposite directions of crude and heating oil...
    Feb 24, 2015. 09:12 PM | Likes Like |Link to Comment
  • Most Keystone XL crude would stay in the U.S., report says [View news story]
    In 2013 US consumed as much oil as it did in 1998.

    Demand growth is mostly at or close to zero in most of the developed world.
    Feb 24, 2015. 05:22 PM | Likes Like |Link to Comment
  • Greece sends reforms before deadline [View news story]
    Euro-region finance ministers approved Greece’s package of new economic measures and paved the way for an extension to the country’s bailout agreement.

    http://bloom.bg/1JH3519
    Feb 24, 2015. 09:28 AM | Likes Like |Link to Comment
  • Greece sends reforms before deadline [View news story]
    17741882 - The 'Borat' comment - and movie - is more a critique of US ignorance and isolationism than it is a critique of the people and mores of other nations. There's no reason to be upset.

    If it upsets you I'd take a moment to consider that the US can't even pass a budget to defend its borders (the current Homeland Security funding issue). Europe isn't the only place full of dysfunctional governments.
    Feb 24, 2015. 08:30 AM | 1 Like Like |Link to Comment
COMMENTS STATS
4,216 Comments
4,076 Likes