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  • Did BP, Shell, Statoil, And Others Fix Oil Prices And Behave Anti-Competitively? [View article]
    Prelude to a shakedown....
    Nov 7, 2013. 05:45 AM | Likes Like |Link to Comment
  • Bakken: Who's Got The Best Wells? [View article]
    Perhaps.... but are all things equal? IOW, what are the chokes on the various wells being compared?
    Nov 7, 2013. 05:41 AM | Likes Like |Link to Comment
  • Bakken: Who's Got The Best Wells? [View article]
    I've done very well also with Schwab D and F holdings... so much so it's almost a counter-indicator!
    Nov 7, 2013. 05:36 AM | Likes Like |Link to Comment
  • Halc√≥n Resources: Why Is The Stock Down Again? [View article]
    Thanks, Richard, for another excellent article. Also thanks to the well-informed comments posted, which added significant additional 'color' for investors.

    One thing not discussed was expectations. We all knew production would go up nicely and while we never should count chickens before they're hatched, I suspect I wasn't the only person expecting a ramp up in share price. Thus, there is a disappointment factor to consider.

    When I bought under $5 on my initial 14k shares, I didn't bat an eye when the price drifted down close to the mid $4 range. Now, I find myself hoping we don't repeat that drop, or worse. Yet, nothing much has really changed for the outlook of the company. It is trading well below the NAV, production is slated to continue to increase nicely, and as Sail astutely noted, due to write offs, the tax liability lowered a significant amount. That's cash flow that can be redeployed to a better place than the IRS. If the 458M in tax savings is accurate, that's 50 new wells drilled at 9M/well.
    Nov 7, 2013. 05:06 AM | 3 Likes Like |Link to Comment
  • The U.S. Economy: How Did We Get Here? Where Are We Headed? [View article]

    A certain amount of regulation is good and wise. When it becomes simply another revenue stream or to pick winners and losers in the market, the free market no longer exists.
    Nov 6, 2013. 12:36 AM | Likes Like |Link to Comment
  • The U.S. Economy: How Did We Get Here? Where Are We Headed? [View article]
    Don't forget: at the same time, the administration refused to regulate derivatives. Brooksley Bourne was the lone voice arguing it was fiscally irresponsible to get rid of GS AND not regulate derivatives.

    I've wondered why the political class did so... besides being bought by interest groups. I also think Federal and States had huge pension obligations which were not properly funded. A result of the 'housing bubble' was real estate taxes went through the roof, providing a vastly increased revenue base for State and Local governments. Which in most cases, was used primarily for more spending and not so much shoring up pension obligations.
    Nov 6, 2013. 12:34 AM | 2 Likes Like |Link to Comment
  • Reinhart-Rogoff A Week Later: Why Does This Matter? [View article]
    I do not believe the multiplier of 1.5 is the 'given' that some academics would have us believe.

    Also, there seems to be a tendency to judge all deficit spending equally. Witness Pelosi's comment that more transfer payments were 'good' because the recipients will 'spend'.

    I do not object to increasing debt during a severe recession, per se. It does depend what it has been spent upon. I do believe most of us would agree the 'green' spending was an absolute waste of money. The beneficiaries were the insiders who sold out when stock went up as news of the 'free' money was publicized. Also, foreign firms who scooped up assets at pennies on the dollar benefited.

    I would rather have seen the money spend on high speed rail to connect cities on the Eastern Seaboard where the population is sufficiently dense to make economic sense. Why? Because I believe that would have spurred economic activity and growth.

    Some spending is truly an investment which is likely to bring a return. Other spending is simply an expense, which generates little to no economic growth. In the Pelosi example, the costs associated with providing free money to the needy does not lift those individuals out of long term decline. It's simply an expensive band aid.

    The only consumer oriented spending I believe would have spurred economic activity long term is if everyone paying income tax, up to an income of x [whatever the politicians could agree upon] received a full refund for two or three years. This would have allowed people to pay down debt, or have enough cash to refi their home and remain within the 80% loan to value required. I know many people who wanted to refinance, but were stymied by the lack of 10-20k in cash to offset the lower loan amount determined by the loss of book value on the property.

    Instead, we had all sorts of political payoffs and cronyism. Thus, for this Tea Party supporter, it's not the spending per se, it's the graft and wastefulness writ large, whilst the political and pundit class insisted we believe these were 'good' spending initiatives. Same w/ the 'shovel ready' projects, which in most cases was another scam.

    Meanwhile, the middle classes continue to be squeezed with no relief in sight. Policy initiatives, such as forcing early closure of coal fired plants [which have modern scrubbers, which is why we don't have brown skies like they do in some other nations] along with forced use of expensive [and environmentally dirty] wind and solar projects, will only add to the woes of those too 'rich' to qualify for utility subsidies and poor enough that a jump of $100/month + in utility bills eats up what little discretionary income was available.

    My greatest concern is political 'leadership' of any political stripe continuing down the path of further burdening the unsubsidized working class [which includes everyone who has to work for a living] At some point, there will be 'poor' and 'rich' and not much inbetween. At that point, a whole host of other issues will arise and the 'American Dream' of upward mobility will be DOA.
    Nov 6, 2013. 12:23 AM | Likes Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: October Update [View article]
    CAT has a newer product that permits raw NG to be burned as fuel right at the well head. It is selling well.

    Don't know of any other NG products they are offering currently.
    Nov 5, 2013. 10:29 PM | 1 Like Like |Link to Comment
  • Linn - Berry Merger: 30% Profit, Even If It Falls Through [View article]
    BobtheAccountant: I was pleased to see you make the point about BRY valuation. Strangely, it seems some folks are convinced that simply because buyers bid up the company to be acquired higher than it's worth, the acquiring company *will* pay more for it than the inked deal.

    All during the drama, I've rarely seen people point out that the deal when inked was a good and decent offer for BRY, offering a premium to the then share price, especially when considering the enormous difference between the paltry BRY dividend and the generous LNCO dividend.

    Now that some folks have bid up the price of BRY [the small float out there] there is this argument that Linn needs to sweeten the pot. Worse, their argument appears to be entirely based on BRY post-deal announcement share price, which is not compelling as an argument for undervaluation, imo.
    Nov 1, 2013. 05:42 PM | 2 Likes Like |Link to Comment
  • Time To Be Cautious On Coach? [View article]
    IMO, customers who care about quality will continue to buy Coach products. The expansion of a mens line is long overdue and likely was held up due to the COH head designer having his own, private mens line. Thus, I expect, with a new designer from a quality European firm, to launch a successful mens line.

    Long COH and will add more shares, depending on the market price. As for KORS, I understand the line is popular, but, imo, it serves a different customer. Even down to the more blingish hardware on many of the pieces.

    Kate Spade is likely more of a direct competitor in terms of the product look, but COH offers a superior quality leather, imo.

    Interestingly, looking online at Nordstrom, both KORS and Spade appear to have closely followed many of COH's product forms. What I was concerned about on the Nordstrom site was COH products were not featured as prominently as KORS and other lines. Hope COH works w/ the chain stores to bump up the visibility of the product line.
    Oct 31, 2013. 11:21 PM | Likes Like |Link to Comment
  • Why The U.S. Has Not Yet Gone Brazil [View article]
    "Wealth creation" or horrendous inflation? For the 'success stories' you reference, the latter seems to be the proximate cause.
    Oct 31, 2013. 07:38 PM | 3 Likes Like |Link to Comment
  • Linn Energy: Tide Is Turning For This High Yielder [View article]
    THe Hedgehog hit pieces were a real gift. LINE is one of my top holdings- over 3.5k shares. I owned it previously, and used the attacks to buy close to the bottom.

    Making lemonade out of lemons...

    Agree with the author on Linn Energy's prospects and always enjoy his informative and non-histrionic articles.
    Oct 30, 2013. 05:20 PM | 3 Likes Like |Link to Comment
  • Embrace The Headwinds For HollyFrontier [View article]
    HFC is a C corp. No worries holding shares in either a tax deferred or tax free account.
    Oct 29, 2013. 06:04 PM | Likes Like |Link to Comment
  • The Time May Be Right For The Zweig Strategy [View article]
    Great article. I only recently learned about Zweig. While not ticking off all of the boxes, I've been investing w/ many of the same parameters with excellent success. Happy to have the specifics for future investments.
    Oct 29, 2013. 04:58 PM | Likes Like |Link to Comment
  • LINN Energy and LinnCo File Amended Form S-4 [View article]
    Happy to see the merger continues to progress.
    Oct 29, 2013. 08:11 AM | 1 Like Like |Link to Comment