Seeking Alpha

kmi

kmi
Send Message
View as an RSS Feed
View kmi's Comments BY TICKER:
Latest  |  Highest rated
  • More VCs raising alarm bells about tech valuations [View news story]
    California... used to be "my script!" now it's "my startup!"...
    Oct 5, 2014. 05:20 PM | Likes Like |Link to Comment
  • Big changes at CNN lead to anemic results [View news story]
    CNN needs to review the models of Euronews, BBC, and Al Jahzeera if it wants to re-establish itself as a serious news channel.

    I have all but stopped watching it.

    I'm a little upset at the change over at Bloomberg from its heavy focus on news to extended interviews, Bloomberg was a great source for a while but management changes have led to a change in its direction too.
    Oct 4, 2014. 09:42 AM | Likes Like |Link to Comment
  • Brent crude hits 28-month low, WTI tumbles near $88.50 [View news story]
    ...as the big banks slowly exit the business of commodities trading and artificially propping up prices to the detriment of pretty much the entire world....
    Oct 2, 2014. 10:37 AM | 1 Like Like |Link to Comment
  • Apple -2.8% as Bendgate, iOS 8.01 get more publicity [View news story]
    Well, didn't Jobs say 3.5" is the 'perfect' phone size....
    Sep 25, 2014. 01:58 PM | 1 Like Like |Link to Comment
  • Apple -2.8% as Bendgate, iOS 8.01 get more publicity [View news story]
    You're right, it likely isn't 'retail' investors selling, it's likely the major firms with their analysts modeling the decrease in sales from surveys released polling opinions on potential delayed or cancelled iPhone6 purchases.
    Sep 25, 2014. 01:57 PM | 1 Like Like |Link to Comment
  • Apple -2.8% as Bendgate, iOS 8.01 get more publicity [View news story]
    Surveys have decidedly shown that 'bendgate' will have an impact on sales; one survey suggested anywhere between 16 and 18% of respondents are delaying or reconsidering their iPhone6 purchase. If you think 'bendgate' is irrelevant, what kind of an investor are you?
    Sep 25, 2014. 01:55 PM | 16 Likes Like |Link to Comment
  • Report: U.S. crude could fall $30 below international prices without exports [View news story]
    The problem with a lot of analyses on oil and US oil production is that it all focuses on supply and supply procurement and not at all on demand. The vast majority of oil consumed in the current US is for transportation, with all other sectors increasingly being victims of the lower costs of competing fuels.

    Oil still makes a difference outside the US in power generation but it doesn't account for much here, and outside of the NE isn't used for much heat. The NE is meanwhile shifting to gas as fast as the pipeline capacity is built to allow it to, decreasing oil's importance as a heating fuel, while at the same time higher standards and changing tastes in the US public have encouraged the purchase of more fuel efficient vehicles (i.e. multi-year impact on consumption).

    In the meantime we have all but eliminated our imports from Nigeria and bring in far less than we used to from the Middle East. We aren't in any danger of an OPEC embargo, not even close, and in the event of one, we'd likely be BETTER off because we'd be selling our refined products (the ban is on crude only) into a much better market....
    Sep 25, 2014. 01:51 PM | Likes Like |Link to Comment
  • Report: U.S. crude could fall $30 below international prices without exports [View news story]
    This is the worst analysis I see that keeps getting repeated by oil longs. The issue for producers is their AVERAGE cost of production, not the cost of production from any single well. So a fall in price would have to occur over a pretty damn long time period during which significantly more expensive wells are being drilled for fracking firms to ease up, let along "go broke".

    Not that it matters since - amazingly missed in this current and by the commenters ere - the ban is already partially lifted and workarounds for exporting domestic crude are already in place. Would a complete lift of the ban help? Sure, it would increase the pace of exports but what's really killing us isn't exports, it's the Jones Act.
    Sep 25, 2014. 12:19 PM | Likes Like |Link to Comment
  • Cheniere shareholders vote no to Souki pay package, but it's non-binding [View news story]
    Envisioned? Replace that with 'only option'. Revisionism at its best.
    Sep 18, 2014. 11:18 AM | 1 Like Like |Link to Comment
  • FOMC statement and projections lean hawkish [View news story]
    replay of last year
    Sep 17, 2014. 02:36 PM | 1 Like Like |Link to Comment
  • The Outlook For REM, Its Next Dividend And The mREIT Sector [View article]
    I agree interest rate risk is low but disagree with your analysis on labor participation.

    I think the Fed will look at the macro and realize that the declining labor participation rate is part of a long term macro trend that includes, among other things, baby boomers exiting the labor force.

    If the Fed is watching the labor participation trend - which it seems to be since it correctly ignored oil/food price inflation that was a short term trend over the past few years - then the unemployment number will be more important in its view than participation.

    What's more important and interesting is that short term non-localized inflation is abating and general economic trends - housing, median household income, etc - are staying weak so that inflationary forces at work are near zero. As long as wages in the lower percentiles are flat to lower inflation-adjusted, the Fed has no cause to increase rates, and that appears to be a strong trend going forward.

    I hold quite a bit of REM and am happy to continue doing so.
    Sep 17, 2014. 10:00 AM | 1 Like Like |Link to Comment
  • Gundlach not seeing higher rates on the way [View news story]
    No one intentionally wants to pay more than 4%. That's not at issue at all.

    It's all about getting through underwriting which has fewer 1st time homebuyers making it than ever.

    It's actually a pretty hilarious bait-and-switch where lots of banks claim their doors are open only to get people to -apply- before slamming the door shut on them. I see it all the time.
    Sep 10, 2014. 11:14 AM | 1 Like Like |Link to Comment
  • Gundlach not seeing higher rates on the way [View news story]
    The reason people aren't buying is not because they think rates are going to hold steady or that they won't rise, the reason is the floor of the market - 1st time homebuyers - doesn't exist, which means trade-up homebuyers have a hard time selling. All the movement is occurring in the upper levels of the housing market as institutional money pulls out of entry level housing.

    So rates - even if they did move higher - aren't the issue at all.
    Sep 10, 2014. 10:21 AM | Likes Like |Link to Comment
  • Brent crude slides below $100 for the first time in more than a year [View news story]
    The problem with forward looking cost of production analyses is that they don't dollar cost average an entity's existing production into the mix....
    Sep 9, 2014. 07:17 AM | 1 Like Like |Link to Comment
  • Brent crude slides below $100 for the first time in more than a year [View news story]
    Part of the decline in demand is coming from other energy sources which are significantly cheaper on a BTU basis to oil at $90+ and part of it is in efficiency improvements that are reducing the energy demand required to improve GDP. Both of these things mean that the economy or a company can improve without incurring an increase in oil demand.
    Sep 8, 2014. 03:30 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
4,093 Comments
3,945 Likes