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  • TEPCO (TKECF.PK -11.3%) says the damage to the #1 Fukushima reactor core is worse than previously described. The fuel rods are fully exposed, raising the question of where the 11M liters of water pumped in has gone. They “have consistently appeared to be underestimating the severity of the situation," says an American physicist.  [View news story]
    Ocean??? Raising a question for who - imbeciles? The plant sits at 2 feet above sea level.
    May 12, 2011. 12:31 PM | 1 Like Like |Link to Comment
  • The possible next PM of Canada, Jack Layton ventures into monetary policy, telling Reuters the BoC should hold off hiking rates due to sluggish employment and a strong currency. The loonie is unperturbed, erasing early losses and continuing to threaten multi-decade highs. FXC +0.3%.  [View news story]
    If Layton wins, please invade us.
    Apr 29, 2011. 01:11 PM | 2 Likes Like |Link to Comment
  • One down day for stocks, and the word is already out that the Fed might continue with QE Lite. Recent remarks by Yellen and Dudley that the economy and inflation are too weak to begin a reversal of monetary policy are interpreted as a signal that the Fed will keep its balance sheet at current levels by replacing ~$17B/month in maturing mortgage debt with Treasurys.  [View news story]
    Pathetic...if you guys consider your current economic conditions as a crisis that requires unprecedented monetary stimulus I shutter to think what your Fed will do if things really do get bad.

    You guys should take back your country and swallow the bitter pill for the benefit of your future generations.

    Instant gratification, no willingness to make tough decisions, the current legacy of the USA.
    Apr 19, 2011. 09:03 AM | 10 Likes Like |Link to Comment
  • A preview of President Obama's speech on deficit reduction: Congressional sources say the President will set a goal to reduce the budget deficit to 2.5% of GDP by 2015 and 2% near the end of the decade, saving $4T over the next 12 years or less. Speech is at 1:35 ET. Watch here live.  [View news story]
    Doesn't it already seem like a myth? Man kind used to be amazing, now we are just pathetic.
    Apr 13, 2011. 01:04 PM | 3 Likes Like |Link to Comment
  • A preview of President Obama's speech on deficit reduction: Congressional sources say the President will set a goal to reduce the budget deficit to 2.5% of GDP by 2015 and 2% near the end of the decade, saving $4T over the next 12 years or less. Speech is at 1:35 ET. Watch here live.  [View news story]
    It will be our mission, by the end of the decade, to almost put a man on the moon.
    Apr 13, 2011. 12:48 PM | 4 Likes Like |Link to Comment
  • A preview of President Obama's speech on deficit reduction: Congressional sources say the President will set a goal to reduce the budget deficit to 2.5% of GDP by 2015 and 2% near the end of the decade, saving $4T over the next 12 years or less. Speech is at 1:35 ET. Watch here live.  [View news story]
    Such a lofty 2020 still spending more than you take in. Saving 4 Trillion!!!!! Spin is a wonderful thing.

    When did praise of mediocrity and failure become common place and acceptable.
    Apr 13, 2011. 12:40 PM | 5 Likes Like |Link to Comment
  • It's Going to Happen Again Unless Bernanke Is Brought to Heel [View article]
    The Federal Reserve System was conceived by bankers for bankers in the early 1900's. They couldn't name it "Central Bank" as in Europe. The government was trying to protect the people from the "money trust".

    Lets name it "Federal" to give it the illusion of being a legitimate institution. Lets also put "Reserve" after Federal so people think we actually have reserves. The Fed has a check book but has no bank account with money in it.

    Inflation is the only tax that governments can impose on their citizenry without inciting riots. Inflation allows governments to borrow at a whim to satisfy pet projects and delay tough decisions.

    The Federal Reserve is allowed to create money out of nothing and charge interest on that nothing, pretty good gig if you can get it. In order to keep up with the charade you need a partner, that is your federal government.

    It worked very well for the first 60 to 75 years. Investors are much more informed nowadays, thanks to mass media and dissemination of information it is harder for the fed to stay ahead of all the sheeple.

    Perhaps the fed actions are no longer working because investors understand more clearly exactly what is going on. Investors are trying their best to preserve wealth and buying power because they know the Fed is no longer trying to "stimulate" the economy but is actively destroying your dollar to give the illusion of wealth creation.
    Apr 5, 2011. 11:09 AM | 10 Likes Like |Link to Comment
  • Whirlpool (WHR +2%) fights back against an influx of refrigerators from South Korea and Mexico by filing an antidumping suit against Samsung and LG. Whirlpool wants a probe into bottom-mount fridges being sold at less than fair value in the U.S., and into South Korea's subsidies.  [View news story]
    Learn how capitalism works whirlpool, pack up and leave. Increase profits by lowering costs through producing your goods in China. Don't whine for the government to impose tariffs that block free trade, sounds very communist in nature.
    Mar 30, 2011. 11:10 AM | 2 Likes Like |Link to Comment
  • Aiming to increase its rig count to ensure continued spare production capacity, Saudi Arabia has met with oil service companies, including Halliburton (HAL). "It's definitely not for expanding capacity," says an analyst, arguing the increased investment is necessary just to maintain production levels.  [View news story]
    Whats the panic - no oil?

    Anyone wonder why the Saudis are spending money like crazy on an offshore heavy oil field called manifa to produce a paltry 900K BPD?

    Why does the UAE have to increase production to help offset the loss of 1.0 million BPD of Libyan production? Where is this 3.0 million BPD of spare production?

    They wouldn't be overstating their reserves would they?

    Oil should be $300/barrel until they allow 3rd party reservoir auditors to tear apart their books.
    Mar 29, 2011. 09:00 AM | Likes Like |Link to Comment
  • PetroBakken Energy: Some Insider Buying Moves More Noteworthy Than Others [View article]
    Devon Shire, I do not pay for the subscription to so it only shows the last 10 transactions. The buying at $29.00-27.50 was not at all significant, same as the purchases I have seen between $19.00-$22.00, point I was making is that each time this stock has taken the hit to new lower levels there has always been some insider buying.

    Since 2009 PBN has hit new lower lows every 3 to 4 months, when recovering it made lower highs. The chart is terrible.

    There definately has been some better size purchases lately (65000 shares Craig Lothian on March 15th - probably +/- $17.50 ish). These guys might also be averaging down so who really knows.

    This stock should be trading higher than it is but has me puzzled since being stopped out twice so far when I thought it could go no lower. Every analyst I see on BNN that comments on it usually mentions failure to execute or lost faith in management but they also say it presents good value at current levels, and then it keeps dropping to new lows.

    Crescent Point is the darling of the analysts/brokerage houses but seems to highly priced for my liking. PBN should get some respect eventually as they have excellent assets and are highly levered to higher oil prices. It's either a fantastic at these levels or continues to be a value trap.

    Like I said I am going to try and pick some up in the mid seventeen's if the opportunity presents itself again. Knowing my luck it will trade steadily towards 24 to 25 with no breakdown.

    Good Luck
    Mar 23, 2011. 04:32 PM | 1 Like Like |Link to Comment
  • PetroBakken Energy: Some Insider Buying Moves More Noteworthy Than Others [View article]
    Insiders have been buying since 29/share, each new leg down has more and more insider buying, I guess sometimes even the insiders are wrong.

    They are not a favorite of the analysts due to consistently over promising and under delivering.

    Production is down 9% year over year after spending 800 million.

    I really like this company but after being stopped out at 2 different levels $22 then $19.50 I am very concerned about this co and its chart.

    Definately a well positioned company but its stock is broken.

    I am sure the next step is a take over to realize potential, at over 1.0 billion in debt or $5.00 per share the fair value on the common is likely around $24 to 25/share with oil over $100. I am waiting for it to re-test $17.50 and hold before I enter the trade again.
    Mar 23, 2011. 01:18 PM | 2 Likes Like |Link to Comment
  • 7 Reasons Crude Is Going to $80/Barrel [View article]
    1. Yes, in the USA, and your move away from oil is in high gear I see, with energy independence from fossil fuels right around the corner - its an emerging economies thing you know
    2. Granted
    3. Historically?? Tell me another time in history where 2, maybe 3 dictatorships in the mid east may fall in a period of 30 days. The saudis and now the omanis are handing out free cash to their citizens to appease them - do you really think they are paying for that - try the worlds oil importers.
    4. Geopolitics is only going to become more prevalent over the next ten to twenty years not less so.
    5. What percent of the fuels are interchangeable - yah almost zero...Nat gas in North America is landlocked and is affected by supply and demand, too much of it and not enough uses. So why are you worried about the ratio?
    6. You really think the US dollar is in better shape than it was 3 years ago? Deficits, debt, QE1/2 maybe 3?
    7. Granted but almost irrelevant

    Low interest rates today versus 2008 are going to act as support for higher oil prices. If the US continues to devalue its currency and print dollars the Oil price will continue to work higher. Should oil exporting countries deserve less money for their crude because the USA is intentionally devaluing its currency?

    In Canada we made more money off our production when Oil was $70.00/bbl and our dollar was pegged at 0.70 to the US greenback ($100.00 CAD/bbl) - now at $95.00 USD/bbl we receive $93.00 CAD/bbl.
    Feb 28, 2011. 09:07 AM | 6 Likes Like |Link to Comment
  • Lowe's (LOW) is up 1.3% after announcing it's cutting 1,700 middle-management jobs. The company is however adding 8,000 to 10,000 weekend sales jobs to address its busy time. As of last January, Lowe's had about 239K employees to Home Depot's (HD) 317K.  [View news story]
    In an effort to stimulate the economy the congress introduced a bill today legislating the elimination of monday, tuesday, wednesday, thursday and friday.
    Jan 26, 2011. 12:39 PM | 5 Likes Like |Link to Comment
  • Evaluating Research In Motion: Why It's a 'Buy' [View article]
    There is room for more than 1 or 2 of these devices in the market place.

    Apple and RIM both have different target markets. RIM has the advantage of a captive corporate audience - Corporations are not buying the I-Pad for certain reasons - perhaps the Apple crowd can provide some examples where corps are changing over to I-Phones and I-Pads.

    I am quite surprised with the specs of the playbook, they have done their homework.

    RIM will never trade at an Apple premium, its a Canadian company and does not have the consumer hype. Apples products are very good but they are gimmicky - just what the retail consumer wants.

    RIM will trade higher and like the author suggests there is some money to be made here. I would not be shorting Apple either.
    Sep 30, 2010. 02:03 PM | Likes Like |Link to Comment
  • Initial Jobless Claims: -16K to 453K vs. 460K consensus. Continuing claims -83K to 4,457,000.  [View news story]
    Yes after 99 weeks of unemployment they all got jobs.
    Sep 30, 2010. 08:43 AM | 6 Likes Like |Link to Comment