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marpy

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  • The Finest Steel Must Endure The Hottest Fire [View article]
    Note that MT will be supplying more and more of its own raw materials (especially Iron Ore). Its production costs of raw materials are below current prices and the price decline in raw materials which was a negative for MT seems to have flattened out. MT is accounting for its raw materials at higher than market prices which may have some negative impact though. Overall, IMO MT's ability to supply a lot of its own raw materials at below market prices now puts it in a better position than other Steel manufactures. I also see their purchase of the Calvert complex as a big positive as these are relatively new mills and under MT should be able to outperform most other mills in North America.

    JMO and Long MT
    Feb 23, 2015. 10:45 AM | 1 Like Like |Link to Comment
  • Natural Gas: Another Surprise [View article]
    Looks like the producers have adapted to the low price environment for natural gas with the smart ones having sold most of this years production forward at over $4. A short term rally between now and May, could bring the price up over $4 till the shoulder season kicks in. Longer term, it all depends on the LNG market which is linked to the price of oil and even in the positive case for the LNG market, gas is probably capped at around $6. North America is awash in gas and the producers seem to have adjusted to this scenario.

    JMO
    Feb 23, 2015. 10:22 AM | 4 Likes Like |Link to Comment
  • Cenovus Energy: Diluted By The Oil Sands [View article]
    9% shares dilution for a company with much stronger balance sheets in this oil price environment works for me. As for selling of the royalty free lands, I suspect tha in this oil price environment they would not get a good price. As such, it makes sense for them to hang on , keep collecting the cash flow and wait for better times. Their approach means that they should be in good shape for the next couple of years even if oil prices stay low.JMO
    Feb 22, 2015. 12:08 PM | Likes Like |Link to Comment
  • By The Numbers: Increasing Legislative Risk For MLPs? [View article]
    Since Obama keeps putting what he wants on the table but continues to give nothing in return, I would expect that he will not be able to accomplish of anything going forward.
    Same old problem - Obama can't get it done because he can't make a deal!! To much "green fog" between his ears!!!!
    Feb 20, 2015. 04:06 PM | 1 Like Like |Link to Comment
  • Oil pares losses after EIA supply data [View news story]
    Well this is half the 14 million some people were guessing. With oil, the Saudis and allies are the key players determining price. If they do not like what they are seeing or think that the price is coming back a little to fast, it does not take much for them to have a couple of extra tankers port in Texas adding to the supply and keeping the price in check. They are dead serious on maintaining market share regardless of price and will act accordingly. Watch out if they do not like the rig count numbers. JMO
    Feb 19, 2015. 02:58 PM | 1 Like Like |Link to Comment
  • Clorox - The Choice Investment Over P&G And Colgate [View article]
    Really - how long will they continue to be selling product that costs 2 -3 times what other brands or no name product costs?? Their bleach is a good example here.
    Feb 18, 2015. 09:38 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Optimism Boosts Stocks Higher [View article]
    And its a good thing that the government did stop that merger as it forced the banks to look for real growth opportunities rather than just growing by buying market share. When you look at whats happened since that time, it was a no brainier as Canada has among the strongest banking systems in the world.
    China has many reasons for doing what it does and competition to benefit the Chinese consumer is last on this list. China is usually looking to bulk up on muscle for the international stage as unlike Canada in many commodities/ products it is the market.
    Less competition is something that has never served Canadians well and never will - look no further than the refining business in eastern Canada - rules were changed so that all the big players could buy there product from the same refinery (no competition at the refining level). They saved a few jobs and the consumer has paid the price ever since.
    Capitalism, free markets and non manipulated competition have been working for a long time for a reason.
    Feb 18, 2015. 09:35 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Optimism Boosts Stocks Higher [View article]
    Why the Greek situation really should be irrelevant (except for those who look to make hay out of volatility) - Taken from a Kitko article - "Why worry about the world’s 50th largest economy? (As a way of comparison, New Jersey, with about 2 million fewer people than Greece has a GDP bigger by $200 billion. "

    Its actually only relevant if the EU caves to much on Greek demands as that would open a much larger can of worms with all the other problem countries looking for concessions as well.

    http://bit.ly/1E5CZAd
    Feb 18, 2015. 09:13 AM | 4 Likes Like |Link to Comment
  • Greece ignored; futures point to opening gains [View news story]
    The big negative outcome of the Greek situation would be if the EU caved to Greek Demands - as there would be a line up of others looking for similar deals. This would IMO destroy the EU's monetary union or at the very least severely weaken it.
    Greece agreeing to continue with the current bail out program with some minor tweaks would be of course a positive outcome.
    A Greek exit due to the inability of it's current government to change its tune, may actually be the most positive out come as it would show that the EU is dead serious about not being blackmailed and sticking to its guns in dealing with the required monetary reforms.
    A Greek exit would IMO be very devastating for Greece as interest rates would skyrocket, inflation would also skyrocket, they would have a severely weak and devaluing currency and the standard of living would be cut in half. If this were to happen, then the only thing one could say is that as for how they got into this mess in the first place, the people of Greece did it to themselves.

    JMO
    Feb 17, 2015. 09:27 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Grexit Risks Resurface As Talks Break Down [View article]
    Without a 10 year bumper to bumper warranty, a Tesla is really a no go for the average consumer. Even with a warranty like that, the price is still very steep.It looks like Tesla was aware of this issue from day one as they made sure that battery issues due to not charging were not covered. JMO
    Feb 17, 2015. 09:09 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Grexit Risks Resurface As Talks Break Down [View article]
    The problem in these cases can usually be traced back to that bean counter mentality where the only thing that matters is cost. They probably initially saved 5 cents per unit by going with the cheaper ignition switch but the costs now will be many times the savings. Short term gain for long term pain by a desperate company looking to save a nickel anyway it could about sums it up. This nothing new for GM and the North American big 3 where they care little about the consumer - if they can save a nickel on something that will cost you $500 once its out of warranty they will. The best approach for the buyer is to by from companies that put consumers satisfaction high on their priority list and actually back their words with action. Unfortunately for the North American manufacturers, this usually means Honda or Toyota.
    JMO
    Feb 17, 2015. 09:06 AM | 7 Likes Like |Link to Comment
  • U.S. rig count dives by another 98, crude oil prices up sharply [View news story]
    The oil markets have been manipulated for a long time now. The big difference is that at one time it was strictly the big trading houses doing the manipulation while now, the Saudis and their friends have learned to play the game.
    Feb 13, 2015. 04:42 PM | 2 Likes Like |Link to Comment
  • U.S. rig count dives by another 98, crude oil prices up sharply [View news story]
    Something tells me that oil is rising a little to fast for the Saudis and their allies. They want to make sure that the trend of decreased production from high cost producers is well cemented in and I do not think that these producers have yet felt enough pain for this to be the case. i could be wrong as they say, the proof is always in the pudding. If we keep seeing cutbacks on capital spending and reduced rig counts going forward, then the Saudis and friends will not be to concerned. If the spending starts to increase, then I suspect that we will see the Saudis put down ward pressure on prices. They have made it fairly clear that they will protect market share at all costs.

    JMO
    Feb 13, 2015. 04:40 PM | 1 Like Like |Link to Comment
  • Commodities Today: Oil Stocks Rising Again, Utilities Report Mixed Results [View article]
    I would expect that the bill for Keystone should clear both houses as the Republicans have a majority. Obama though will turn it down as he would not gain anything politically for passing it and would loose with his green buddies. I will though just show up again attached to some other piece of legislation that will be much more difficult for him to turn down. If he still keeps managing to stall it, well 2016 is not to far away.
    Feb 13, 2015. 04:30 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Tesla Punished As Q4 Results Fall Short [View article]
    "The bill passed by at least 270-152 in the GOP-controlled House, marking the 11th time since 2011 the chamber has approved some sort of Keystone legislation."

    The Question really is - "Will Obama keep ignoring the will of the people and keep pandering to that small but vocal minority of leftie greens that send his party a lot off money????
    Feb 12, 2015. 10:04 AM | 6 Likes Like |Link to Comment
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