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  • Dutch court orders more cuts at Groningen gas field, citing safety risks [View news story]
    My, my! So much ado about nothing! If you guys who sound off on climate change would only do your homework. Abrupt climate disruption is not only here and now, climate feedback loops (such as, loss of albedo due to melting Arctic sea ice results in more and more solar energy warming the vast sea) are growing in number; numerous, huge methane releases from clathrates are bubbling up from the floor resulting in stretches of foamy seas--as far as the eye can see. In fact, catastrophic climate change is already irreversible. It's the timing which is so difficult to predict. 150 to 200 species a day are going extinct, big mammals faster than smaller organisms. Our time on this planet is limited. I still invest in RDS.A and other oil and gas companies because in our limited time we will continue to depend on these commodities, and because our economy (which like civilization itself) generates heat, depends on this energy. I guess if you're going to hell in a bucket, you might as well enjoy the ride!
    Nov 18, 2015. 02:58 PM | 2 Likes Like |Link to Comment
  • Keep Avoiding Transocean... For Now [View article]
    I will give a look (to add more) RIG when oil drops to near $30 a barrel and recovers 20% and the RIG price also recovers 20%. If the price of oil drops below $30 a barrel, I'll wait until it reaches its nadir and wait for that 20% appreciation before adding to my position. There's no telling now how low it will go. But unless we're already at the end of industrial civilization, it will recover.
    Jan 14, 2015. 02:12 PM | Likes Like |Link to Comment
  • ConocoPhillips' Revenue Dips As Oil Market Remains Volatile [View article]
    "[T]he oil market shows no signs of recovering as the IEA recently lowered its oil demand forecast for the current year by nearly 22%, while also slashing forecasts for the next year as well."

    Oversupply and lackluster demand are the words of the day. And it's clear that the economies of Europe and China are not hitting on all cylinders. But nobody has explained how demand for oil has dropped 22% in a year. Are the traffic jams in the world's cities easing up? Have sales of Teslas and hybrid cars exploded? Such forecasts for next year must be based on an upcoming cataclysm for the global economy.
    Nov 7, 2014. 12:47 PM | 1 Like Like |Link to Comment
  • Ensco Is Well Positioned To Prosper In Offshore Drilling Industry [View article]
    Yes, same question. Anybody?
    Apr 3, 2014. 05:38 PM | Likes Like |Link to Comment
  • Netflix (NFLX) roars to a 12% gain as the dreamy week for investors roars on. That makes for a 79% YTD return for a company that made just $8M in profits during its last quarter while Apple raked in a cool $13B to fall 12%. Money manager Ivanhoff capital sums up the action: "Expectations matter." [View news story]
    Good question. Yahoo Finance (Key Statistics) shows short interest as of December 31st (24.3%), but I too would like to see an up-to-date reporting of short interest.
    Jan 25, 2013. 03:48 PM | Likes Like |Link to Comment
  • NetSuite (N +2.6%) rallies on an upgrade to Buy from Lazard, which sees the cloud business app/e-commerce software maker's sales investments translating into additional "beat and raise" quarters. Goldman downgraded NetSuite last Friday on valuation grounds. Q4 results are due on Jan. 31. [View news story]
    Yeah, five days (and just one business day) after Goldman downgraded N to neutral and pulled it off its Conviction Buy list, citing valuation, Lazard is going the other way. This on a stock with a F P/E of 219.68! Lazard's willingness to push N which has a F P/E of 219.68, strongly reminds me of Akman's and Einhorn's self-interested efforts to sour investor's on HLF, which both had been heavily shorting.
    Jan 23, 2013. 03:57 PM | Likes Like |Link to Comment
  • Netflix (NFLX +2.6%) strikes another content deal with Warner Bros. (TWX -0.7%); this one involves Cartoon Network shows such as Adventure Time, Johnny Bravo, and Aqua Teen Hunger Force, as well as (starting in 2014) the TNT series Dallas. Last week, Netflix announced a deal to carry a slew of serialized dramas produced by Warner Bros.' TV studio ops. [View news story]
    As I understand it, NFLX does not expense the cost of these content deals on its balance sheet until the content itself becomes available to its subscribers. Thus, it gets credit for the increased content (increased share price) long before it has to pay the piper.
    Jan 15, 2013. 05:32 AM | Likes Like |Link to Comment