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  • Bloomberg: ArcelorMittal cut down to size by China export flood  [View news story]
    For those with a medium to long term horizon, MT is a bargain. China can not keep selling steel at a lose for ever and the anti dumping cases will help a lot of the home markets MT operates in. MT has used the current market slump to rationalize its operations resulting in lower costs and better aligned operations. It is already don so in Europe and is doing so in North America. Its global foot print and large research and development focus also gives it strengths other steel manufacturers do not have. MT will be around long after this shake out is over.

    JMO
    Jan 20, 2016. 10:34 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: More Market Turmoil As Stock Rout Deepens  [View article]
    The beginning of another comical day on the markets courtesy of the IEA. The IEA is a joke and their estimate of where oil is going is as good a guess as mine would be. The only ones that have a good idea of where it will be going are the Saudis and their allies and they are most certainly not sharing that info with the IEA. ;-)
    Jan 20, 2016. 10:12 AM | 3 Likes Like |Link to Comment
  • Sinopec sees Syncrude productivity improving on larger Suncor stake  [View news story]
    That is the state of the North American oil sector right now. Assets work billions selling for peanuts. Those with balls are buying - everyone else is selling and running for the hills!!! ;-)
    Jan 20, 2016. 10:04 AM | 1 Like Like |Link to Comment
  • One Of The Biggest Opportunities For GE In 25 Years Arrives  [View article]
    During the Sanctions. it was the Russians and China that kept supplying Iran and bought its energy and so who do you think will get first crack at these contracts? Not American companies that's for sure and even in airplanes, something tells me that they will prefer Airbus with European engines.
    JMO
    Jan 19, 2016. 10:57 AM | 1 Like Like |Link to Comment
  • Oil slides below $29 as Iran sanctions lifted  [View news story]
    Yikes - My idea may not be that far out to lunch!!! From an oil blog-oil bearish hedge fund bets

    Last week we looked at how Canada’s Alberta Bitumen oil price had dropped below $10/barrel. Well, this has nothing on North Dakota Sour – one producer is paying $0.50/barrel for it to be taken off their hands. The lower quality crude generally trades much lower than other US benchmarks; the high-sulfur grade was at $47.60 in January 2014, and $13.50 a barrel a year ago. But due to a the lack of pipeline capacity, prices have now been pushed into negative territory.
    Jan 18, 2016. 11:14 AM | 1 Like Like |Link to Comment
  • Oil slides below $29 as Iran sanctions lifted  [View news story]
    LMAO - I have a solution to ending this oil glut!!! Taking a page from easy money policy and negative interest rates, I am willing to accept any and all oil for a payment to myself of $5 to $10/ barrel depending on grade. If they pay me to take 2 -3 million barrels a day, the surplus disappears and prices for everyone else goes up. We will call it the "Lu Lu Bird deal" Nuts just like the oil market sums it up!!!! ;-)
    Jan 18, 2016. 07:57 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Stocks Head For Third Week Of Losses  [View article]
    How do you spell "Yo-Yo" DJIA - That's how !;-)
    Jan 15, 2016. 10:42 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: More Doom And Gloom For World Markets  [View article]
    Yes - A tax is what it is.
    Jan 14, 2016. 11:58 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: More Doom And Gloom For World Markets  [View article]
    China has put a floor price on any oil in China at U.S. $40. They are not lowering prices on refinery products to reflect any price of oil below $40. The government will be collecting the difference and supposedly investing it in clean energy as a means of dealing with the big pollution problem that they have in the major cities. This also has the added benefit of supporting the local oil industry as they are guaranteed a minimum of $40/ barrel for oil while the government adjusts the price of imports to this level.
    Jan 14, 2016. 09:44 AM | 1 Like Like |Link to Comment
  • European steelmakers still have downside, Jefferies says  [View news story]
    "China's preference for U.S. steel over European steel" - they got to be kidding???? Just how much American or European steel gets exported to China?? Zero that's how much!!
    Jan 13, 2016. 11:40 AM | Likes Like |Link to Comment
  • TransCanada Takes On Obama Administration - Here's What Investors Should Expect  [View article]
    With respect to " TransCanada also had the option to wait for a Republican president, given most of the Republican politicians have been in favor of the pipeline," - That may be so but BO's 8 years of delays has also cost TRP and its share holders considerable funds that they should be compensated for.
    As for any write down in the 4rth quarter - wooden nickels as no real cash loss means business as usual.

    JMO
    Jan 12, 2016. 08:11 PM | 3 Likes Like |Link to Comment
  • Morgan Stanley warns of 50% downside in E&P stocks; downgrades MRO, ECA, CNQ, WLL  [View news story]
    LMAO - Where were these clowns when these stocks were 3 times today's price!! The bottom must be here!!!
    Jan 12, 2016. 07:54 PM | 1 Like Like |Link to Comment
  • After rejecting Keystone XL, U.S. wants to help finance oil pipeline in Africa  [View news story]
    A new low for this administration about sums it up!!!
    Jan 11, 2016. 01:54 PM | 7 Likes Like |Link to Comment
  • Encana: What To Expect In 2016  [View article]
    ECA has always been very good at leveraging the latest technologies and techniques to lower costs. The insider buying also says something for this stock. Permian and Eagle Ford properties were bought at high price but they also sold assets at higher prices leading up to these purchases as well.
    Jan 10, 2016. 12:25 PM | 1 Like Like |Link to Comment
  • ArcelorMittal: Buy The Drop  [View article]
    Magnesium, carbon fiber, Gorilla glass and even aluminum- all very expense. A lot of this stuff has come and gone before - it is aimed a a very specific market segment willing to pay those extra dollars. This is really nothing new in automotive and steel is not exactly sitting still.
    Jan 8, 2016. 10:51 AM | 1 Like Like |Link to Comment
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