Send Message
View as an RSS Feed
  • Iran Quickly Adds Over 300,000 Barrels To Already Oversupplied Oil Market  [View article]
    Iran is not saying what their overall production is. They are saying they are selling more to Europe which could mean that they are selling less elsewhere where prices are lower.
    Feb 8, 2016. 06:38 PM | 1 Like Like |Link to Comment
  • Chesapeake Energy says it has no plans to pursue bankruptcy  [View news story]
    Technically they are correct - Today they have no plan but tomorrow may be a different story!! ;-)
    Feb 8, 2016. 04:01 PM | 2 Likes Like |Link to Comment
  • Bank Of Montreal: Cheap And Safe Yield That American Investors Should Consider  [View article]
    Based on the low Canadian dollar, Americans can buy BMO at bargain basement prices. It is also an indirect way of playing the oil market and thanks to the dividend being well paid while you wait. The Canadian economy and the Canadian dollar are to some degree tied to the price of oil. The Canadian dollar tends to rise and fall with the price of oil making BMO an indirect way of benefiting from any increase in the price of oil down the road. A 4% plus dividend when you wait and a much stronger Canadian dollar and economy when oil does recover means a higher share price for BMO and an even higher price when converted back to US dollars. IMO
    The other big Canadian banks also fit this sort of play.
    Feb 8, 2016. 10:39 AM | 2 Likes Like |Link to Comment
  • Canada to decide on Trans Mountain pipeline by year-end, minister says  [View news story]
    Hypocritical is more like it. ;-)
    Feb 6, 2016. 07:58 PM | 3 Likes Like |Link to Comment
  • Canada to decide on Trans Mountain pipeline by year-end, minister says  [View news story]
    And each of those jobs cost the tax payer a fortune. By the auditor generals account, Ontario's green energy stupidity has a price tag of an additional 34 billion dollars and counting that the rate and tax payer is on the hook for.
    Feb 6, 2016. 07:56 PM | 1 Like Like |Link to Comment
  • Why Do Corporations Pay Dividends?  [View article]
    I suspect that most investors in the large committees companies in hind site would have preferred more dividends and less growth. ;-)
    Feb 6, 2016. 07:34 PM | Likes Like |Link to Comment
  • Why Do Corporations Pay Dividends?  [View article]
    As an investor, I want dividends for a number of reasons:
    1) I want some income and dividends are a tax efficient means of delivering that income.
    2) As an investor I want some sort of return while I wait for my investment to appreciate in value. One could say selling shares would do this but this can have negative repercussions like triggering capitals gains or having to sell at lower prices during a down market.

    Dividends are part of a basket of total returns that an investor makes (or some times looses). Many investors like myself want the diversification and flexibility that dividends provide over having the company re-invest all in the business which may or may not yield returns.
    When I make an investment, dividends and track record are two of the first things that I look at. A companies ability to pay and grow dividends over long periods of time prove their capability to grow the business.
    Not all the stocks I buy pay dividends and those that do not, I consider as speculative and treat accordingly.
    One of the best things about stocks and the markets are dividends!
    As for the history of dividends, it is IMO really meaningless in today's investment world as the complexities are far greater than they were 500 years ago..
    Feb 6, 2016. 07:26 PM | 1 Like Like |Link to Comment
  • Canada to decide on Trans Mountain pipeline by year-end, minister says  [View news story]
    Carr says."When we’re done, we want Canadians to be heard, that it was a responsible and thorough process which we hope will lead to a better result... We are not asking the proponents of these prjects to go back to square one," Carr says.
    Problem is that those who are heard the most seem to be a very small but vocal minority that keep repeating the same thing over and over again. Does he really want Canadians to be heard?? Put it to a national ballot - the line would have IMO been built by now!!!
    Feb 5, 2016. 06:10 PM | 9 Likes Like |Link to Comment
  • Is ArcelorMittal Getting Ready For A Turnaround?  [View article]
    I believe what you are seeing is called a bottom.
    Feb 5, 2016. 03:47 PM | 1 Like Like |Link to Comment
  • ArcelorMittal loss widens, warns on EBITDA, plans to raise $3B  [View news story]
    It was expected to be a bad quarter and most likely the bottom for the steel.I suspect that results for most integrated steel plants will be as bad and most probably worse. I expect that once the market starts to improve, MT will be in an excellent position to prosper.

    JMO - Long MT
    Feb 5, 2016. 10:33 AM | 1 Like Like |Link to Comment
  • Is ArcelorMittal Getting Ready For A Turnaround?  [View article]
    MT has historically used down turns to restructure its business and and at times grow/ diversify its business. This is largely complete in Europe but has opportunity for further improvements in the US market and I believe that MT is working on restructuring its US operations. IMO after the capital raising, they will be in a very good position to grow going forward. The geographic diversification , high degree of control over its raw materials and large R&D group give MT opportunities others can only dream off. China has no choice but to cut steel production and MT will be able to survive till the steel markets re-balance after which it should prosper.
    JMO - Long MT
    Feb 5, 2016. 10:07 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Market Awaits Jobs Report  [View article]
    They are shifting to more of a services economy and so far the jobs created on the service side have more than offset those lost in manufacturing.
    Feb 5, 2016. 09:45 AM | 1 Like Like |Link to Comment
  • Encana (ECA) Douglas James Suttles on Q3 2015 Results - Earnings Call Transcript  [View article]
    firing on all cylinders in a low oil price environment sums it up!!
    Feb 4, 2016. 01:01 PM | Likes Like |Link to Comment
  • Crude futures give up gains after 7.8M inventory build  [View news story]
    Why oil is up - U.S. crude oil imports averaged about 8.3 million barrels per day last week, up by 647,000 barrels per day from the previous week. Over the last four weeks, crude oil imports averaged about 8.0 million barrels per day, 7.8% above the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 624,000 barrels per day. Distillate fuel imports averaged 191,000 barrels per day last week.
    Feb 3, 2016. 11:59 AM | 3 Likes Like |Link to Comment
  • Turquoise Hill Resources Is Like A 100 Kilogram Baby  [View article]
    My understanding is that Most of the shares not owned by Rio Tinto are owned by institutional share holders who know the value of this deposit. They will want adequate compensation for their shares.
    Feb 3, 2016. 11:49 AM | Likes Like |Link to Comment