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  • RIM Takes a Page From Apple in the Tablet Fight [View article]
    Americans are infatuated with the retail space and fancy apps that help you do your shopping and find restaurants and food reviews.

    RIM has always been a corporate play. All those flush S&P companies are certainly in a better financial position than the average retail consumer.

    The delay in release is really being played up by the analysts - even most of them know that a targeted corporate product does little if released for the holiday season.

    They have done their homework, if you are an unbiased investor and compare the two products you will see that the playbook will have a special niche in the corporate world among the millions and millions of corporate companies and loyal blackberry users worldwide.

    Apple has yet to prove they can crack the corporate market and won't anytime soon with its suite of products.

    Perhaps when they become as common as gatorade bottles on the sidelines at NFL games the US investors will take notice - remember its encrypted and secure.

    Buying with both fists. Buy them when they hate them.

    Let the thumbs down posts begin.
    Sep 28, 2010. 01:16 PM | 1 Like Like |Link to Comment
  • RIM Tops Estimates, Ups Guidance [View article]
    Canadian company for starters.

    Analysts are drugged by the Apple phenomenon.

    Apps - do you really want to get your employees an I-phone - games and other useless apps to keep your employees from working.

    RIM has a niche - Apple and Android have the other niche. There is room for RIM, its secured network is a vital reason for its success worldwide - on the corporate side people forget that Apple and Android will have a difficult time making in-roads outside of the retail market.

    RIM will not get a multiple like Apple but at its current level it is an attractive purchase.

    I think it would be a mistake of RIM to chase the other two market, keep doing what they have been doing and people will soon find another company that is going to get "killed" by apple.
    Sep 17, 2010. 08:56 AM | 2 Likes Like |Link to Comment
  • Why Oil Will Sink to $20-$40 Per Barrel [View article]
    Mr. Galt - You don't find it at all strange that Saudia Arabia has produced between 6 to 9 million barrels per day for 30 years and their reserves have gone up? Did you know that your production quota in OPEC is base on your percentage of total reserves - doesn't give you much incentive to reduce reserves as you produce oil does it?

    Ghawar in Saudi is a great example of the decline of easy oil - check it out if you like.

    Declines on mature fields are between 5 to 6% a year - just to replace declines we must find approximately 5 million barrels per day per year. A newly drilled well at the start of its curve declines at between 20 to 30 percent in the first year (flush production) - that 5 million barrels per day you just found is only 3.75 million barrels after one year and then may assume a 5 to 10% decline profile.

    It is a severe treadmill we are on. The easy oil is all gone. Now its deepwater and oilsands, rogue regimes and nationalized oil companies, and some jurisdictions are getting tougher to drill in for some reason (GOM, soon to be Iraq when the US leaves)

    Do you think all the production increases you mention would have occurred over the last 3 years at 30 to 50 per barrel?

    Best cure for a low oil price is a low oil price.

    Short if you like but $70.00/bbl is cheap oil, enjoy it while its here.

    Bottled water is trading at $800.00 per barrel - there is a good short.
    Sep 15, 2010. 03:39 PM | 11 Likes Like |Link to Comment
  • Why Oil Will Sink to $20-$40 Per Barrel [View article]
    Oil to Natural Gas ratio - you lose all credibility when you bring up that relationship because its one used for accounting purposes - period. Link it to another replacement fuel (coal) if you like. There is no meaningful amount of interchangeability between the two fuels.

    Oil is a global market - Natural Gas is constrained to the North American market - can be brought in but currently not exported.

    We have gone through a severe credit crisis and sub-optimal growth over the past 2 to 3 years and oil consumption in the USA has dropped a mere 2% - that should raise alarm bells.

    The single most important piece of the world economy is oil. Without cheap energy there is approximately 2 to 3 billion people too many in the world and exporting goods would be next to impossible.

    Oil at $70.00 is inexpensive. Inflation adjusted oil was more expensive in the late 1970's.

    All new oil that will be required to cover depletion an future demand increases from the hard to find/produce category - deep water and oil sands. Check out deep drillship rates - 500K per day - rig only. Full cycle E&P costs in the oilsands do not make sense at $70.00 USD/bbl.

    Yes oil can go lower but it will not stay there for long - when the world economy recovers you will wish you had that barrel of oil versus that $70.00 USD.
    Sep 15, 2010. 09:12 AM | 19 Likes Like |Link to Comment
  • Bank of Canada Raises to 1% - An Overview [View article]
    He understands what is happening with the cheap money in our economy.

    Carney would be a welcome relief in the USA right now as would our current finance minister Jim Flaherty.

    The USA is keeping rates to low. Try raising the overnight rate from 0.25 to 0.75 and you will spark consumption. Stop trying to increase inflation by reducing the cost of money.

    The culture in the USA is all about instant gratification - in most other countries around the world Germany, Canada, Australia etc. a poor Federal balance sheet is a big concern to citizens thus austerity, reduced spending and balancing budgets.

    Bankers and special interest groups run the USA and are bent on breaking your future generations to pad their own pockets.

    I wish to leave my province and country in better shape for my children - that means taking the medicine the current generation desperately needs, that means lower growth and less spending.
    Sep 9, 2010. 09:25 AM | 2 Likes Like |Link to Comment
  • Thoughts on Oil Inventory, Natural Gas and Coal [View article]
    I hope you do an article like this once a month. Very good compilation and some very interesting points.

    Distillates - I wonder if the 2nd Quarter slowdown is masked in the distillate chart - if so I am hoping the uptick confirms the ISM report - early to guess I know.

    I bought into Western Coal (WTN - TSX) last week and it really took a pop in the last few days up almost 17% in just over a week. I was thinking of closing out the position as I do not play the coals that often so the fundamentals are very sketchy to me - good information in your article - I will research further before I get out of the position.

    Thank you for a great read.
    Sep 2, 2010. 04:39 PM | 4 Likes Like |Link to Comment
  • The emerging consensus: The U.S. economy is already so bad that it reduces the likelihood of a double-dip - and increases the chances of a stock market jump off levels that have priced in another decline.  [View news story]
    Buy good companies. Buy companies with a good history of dividend increases. At these levels there are many companies that are cheap relative to any metric you wish to measure them. Don't buy all at once.

    Buy on the down days. Buy good companies that have guided down or been downgraded. Buy them when they hate them.

    Trying to time a volatile market like this is futile.

    Buy with the understanding that the stocks you are buying are likely going to go lower before they go higher and understand that over the next 2 years there will be times where you are underwater and sitting on a gain.

    I missed a good portion of the 2009 rally listening to all the pessimists on this site.

    Good luck
    Sep 2, 2010. 02:24 PM | 1 Like Like |Link to Comment
  • Cramer's Stop Trading! Prepare for Mass Panic (8/26/10) [View article]
    Very true - I do not care for the guy because I find his style very annoying. He does put his butt on the line every night and has such a following of "home gamers" that he knows he has tremendous responsibility.
    Aug 27, 2010. 08:57 AM | Likes Like |Link to Comment
  • Stepping Aside Because I Can Always Buy Back In [View article]
    Know exactly how you feel. I have about 30 minutes to decide. I have left so much money on the table by not trusting these rallies in the past year or so by getting out too early with meager gains. I should take some profits today but have a feeling that everyone expects a bad report tomorrow so it will be bad but will somehow rally in spite of that.
    Aug 5, 2010. 03:29 PM | 6 Likes Like |Link to Comment
  • Research In Motion (RIMM +3.6%) plans to introduce a tablet computer in November to compete with the iPad (AAPL +0.4%). The "Blackpad" will be about the same size as the iPad and be able to use a BlackBerry's internet connection. But Dan Frommer can't figure why would anyone want to buy it.  [View news story]
    Sounds like Dan Frommer has a man crush on Steve Jobs.
    Jul 30, 2010. 03:41 PM | 3 Likes Like |Link to Comment
  • The other oil disaster: Oil from an Enbridge (ENB +1.7%) pipeline approaches Lake Michigan, which would cause a "tragedy of historic proportions" and attract the attention of regulators who will find a history of pipeline problems, including leaks, an explosion and dozens of safety violations.  [View news story]
    Cause they might get an EPA commendation for killing all the asian carp.
    Jul 30, 2010. 03:24 PM | 4 Likes Like |Link to Comment
  • Why We'll See $300 Oil by 2020 [View article]
    You're right - obviously no one remembers.

    I feel we are destined for a continual cycle of future oil shocks that crush small recoveries until we do get it.
    Jul 30, 2010. 02:54 PM | 4 Likes Like |Link to Comment
  • Why We'll See $300 Oil by 2020 [View article]
    You are correct in most respects except that what everyone likes to forget is that Oil is the single most important element to the world economy. We are mired in a global slowdown and we only have about 5 to 8 percent excess productive capacity. We need to find 5 to 8 million barrels per day per year to maintain equilibrium due to declines and increased demand.

    The human race has proven it cannot change unless placed under extreme duress, $150 per bbl didn't do it the last time we are still more dependent on oil than ever.

    If you looked at the supply balance of many other commodities they are not even close to that of oils.

    It is such a vital component of world economies that it does have severe consequences when it is allowed to run on speculation like copper and iron ore.
    Jul 30, 2010. 01:01 PM | 5 Likes Like |Link to Comment
  • Why We'll See $300 Oil by 2020 [View article]
    Oil in the early eighties was cheaper than it is today. Inflation adjusted it is relatively cheap right now.

    Corn ethanol - more energy to produce it than it produces - without subsidies it wouldn't exist.

    Right now the world consumes 87 million barrels per day, with average declines that production will be approximately 45 to 50 million barrels per day in 2020 at a time when world demand will be at approximately 100 million barrels per day. Assuming we really start to decrease demand to flat over the next 10 years you will need to find over 40 million barrels per day of "new" production.

    The low hanging fruit is gone, the new oil is in 5000 feet of water and in the oilsands where current finding and development costs of greenfield projects require oil prices over $80 per barrel. Add in moratoriums on drilling in certain areas and increased costs due to regulation and liabilities do you think those costs are going down? More and more of the worlds new oil is in tough places to work (geo political problems/regimes).

    Why are huge companies like Exxon having poor liquids growth profiles and now taking positions in natural gas plays in North America?

    How much oil have you personally tried to find in your days?

    The USA is printing money at a feverish pace and you think eventually inflation is not going to be a concern?

    $300 oil in 10 years would be wonderful, hope it doesn't run further than that.
    Jul 30, 2010. 11:53 AM | 9 Likes Like |Link to Comment
  • July ISM New York Business Index: 58.4 vs. 69.3 in June.  [View news story]
    2.4% after stimulus wears off may be considered OK; however 2.4% GDP in Q2 with tremendous cheap money and stimulus programs is very disappointing. There are not many bullets left. It appears the majority of growth may have come from the consumer burning through their savings which is frightening.
    Jul 30, 2010. 10:39 AM | Likes Like |Link to Comment
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