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marpy

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  • Wall Street Breakfast: Markets Await Fed Policy Decision [View article]
    "Athens is likely to run out of cash by the end of the month and may then default on its debt, potentially forcing itself out of the euro zone." I suspect that that may be what the "new clowns" in Athens had in mind all along. They keep saying something different every day but it is evident that they do not want to pay their bills and really do not want to do what it takes to remain in the monetary union. The smart citizens have already pulled their Euros out of the bank and put them under the mattress.
    Mar 18, 2015. 09:46 AM | 6 Likes Like |Link to Comment
  • Hennessy Gas Utility fund, up 21% last year, highlights six energy favorites [View news story]
    You are giving him credit where he deserves none. The market gains had nothing to do with Obama and his administration and would probably had been that much more if someone else were in the oval office. As for 15 million more Americans having health care, it would have been 30 million more if they had some one who was capable of making a deal. Bottom line is that anything he has accomplished is mediocre compared to what should have been and was so mired in controversy because of his inability to make a deal that the next administration will probably overturn most of it.
    you are dealing with a president where ideology comes first, second and third and everything else comes after that. Even Warren Buffet has spoke out against his actions on Keystone and he is the first president that I can recall where business and other leaders have actually apologized on behalf of the American people for his actions - Pretty sad to say the least. I will also say that when he was first elected, I was a fan and had great hopes - they quickly faded when the reality of his hidden agenda and inability to make a deal or care much about what the American people wanted came to light!!! - Pretty sad to say the least.
    Mar 17, 2015. 04:14 PM | 11 Likes Like |Link to Comment
  • Hennessy Gas Utility fund, up 21% last year, highlights six energy favorites [View news story]
    Hopefully the insanity around Keystone ends when Obama's time in Office ends if not before. Remember that the Republicans have a majority in both houses so Keystone could be part of some legislation that Obama may not be willing to veto. Regardless - with both houses in Republican hands, Obama is more or less snookered. I also do not get all the press on this "legacy stuff". A legacy tends to be something that is long lasting and in his case most of what he got passed has been controversial to say the least and will be likely be negated by the next administration regardless of who gets in. Other than breaking the color barrier which is a big legacy in itself, he will not have much of one. To put it another way, the biggest legacy a president could leave behind is that he did an excellent job of serving the people. In Obama,s case he has failed miserably in this regard - with the exception of some rich minority greens that pander to him, he chooses to ignore or not have a clue as to what the people want.

    JMO
    Mar 17, 2015. 12:30 PM | 20 Likes Like |Link to Comment
  • Rogers Communications: Undervalued Canadian Large-Cap Cable Co. With 40% Upside [View article]
    Canadians do not love big Telco - look no further than the comments section on any story on Canadian Telco in Canada's major news papers. The comments/ votes are negative by a ratio of around 100 to 1 and the 1 probably works in the industry.
    Mar 17, 2015. 10:18 AM | 2 Likes Like |Link to Comment
  • Rogers Communications: Undervalued Canadian Large-Cap Cable Co. With 40% Upside [View article]
    Rogers has some big issues - Lousy customer service and a company that very few in its service area have any use for describes what Rogers is to a lot of Canadians. The Canadian public and the CRTC are constantly on Rogers and Canadian Telco's case. Even though most Canadians live in fairly dense population centers , Canadians pay among the highest rates in the world for Telecom services and many are fed up with this and the CRTC is aware of this. When you look at changes in technology like video streaming, this also means big changes for Canadian telco where people currently are forced to pay for "welfare channels" no one watches as a means of supporting Canadian content. Their are big changes in the wind for Telecom in general and the changes will be even bigger in Canada as technology makes the current government imposed model obsolete.
    Canadian telco may not be the good investment many think going forward.

    JMO
    Mar 17, 2015. 10:14 AM | 1 Like Like |Link to Comment
  • Crude oil tumbles, ignoring OPEC's warning on U.S. oil boom [View news story]
    Yes - that is the OPEC plan. The only wild card is - how long will it take??
    Mar 16, 2015. 03:18 PM | 3 Likes Like |Link to Comment
  • Crude oil tumbles, ignoring OPEC's warning on U.S. oil boom [View news story]
    OPEC is not embracing anything. The powers in Opec decided that other producers were producing to much and that it would not be to their benefit to allow this to continue and so lower prices were in order. And that is what they did. The message now can be translated as - all you overextended under financed companies that think you can pump your way out of this are wasting your time - you will be toast by year end.

    JMO
    Mar 16, 2015. 03:17 PM | 8 Likes Like |Link to Comment
  • Exxon statement says U.S. needs to adjust energy policies [View news story]
    BS Tom - Technology always makes existing technology obsolete - no different than the use of steam engines and whale oil are now obsolete. This will happen on its own and be driven by new technology and necessity without trying to push a rope as the greens are now doing. The cycle will be no different than it has been for hundreds of years and all the greens are doing with their current stand are promoting economic chaos for no good reason as the one consistent factor is that all the green models on climate change have been 100% wrong. I am not saying that promoting better standards to reduce environmental impact is wrong - it is very much the right thing to do. What I am saying is that the green sky is falling bunch are the wrong people to be listening to here. They are just driven by a blind narrow ideology and do not see the bigger picture and their science does not work.
    Reality and a balanced approach has been and will continue to be the only solution that really works. Attacking your neighbors and your citizens by focusing on a narrow ideology as Obama and the greens have choose to do does not get anyone very far.
    Mar 15, 2015. 11:57 AM | Likes Like |Link to Comment
  • Exxon statement says U.S. needs to adjust energy policies [View news story]
    Let me guess - you own one share. ;-) I suggest that you lead buy example - sell your share and quit using any fossil fuels or anything derived from them. Oh and by the way - driving an e-cat does not count unless you are completely off grid as most of the grid is fossil fuel generated.
    If you greens advocated for better accountability and standards rather than just attacking anything fossil with junk science, you may actually gain a little credibility.;-)
    Mar 15, 2015. 11:36 AM | Likes Like |Link to Comment
  • A Major Inflection Point Is Coming For Crude Oil... But It's Not Here Yet [View article]
    The banks that these guys own a lot of money to will look to maximize what they get back which means that they will keep them on a very short and tight rope (lowest possible capital investment that maximizes cash flow to repay the bills). When they are done with that, then whats left over gets put on the auction block. This will take a while and when they finally do sell, the buyers will be picking what they want as a lot of the lower quality acres have negative worth - no one will be buying those and they will revert back to the original land owners.
    Mar 15, 2015. 11:25 AM | Likes Like |Link to Comment
  • Bill Gross: Going To The Dogs [View article]
    The planet is still paying the price for Greenspan's policies. I am surprised that you at times see article based on what his views are on current economics and world events.
    Mar 15, 2015. 11:16 AM | 4 Likes Like |Link to Comment
  • Rig count keeps falling, down 46% from October [View news story]
    I suspect that many companies have been speeding up the bringing on line of these so called frack log wells as a means of paying the bills and keeping the lights on. North Dakota oil is going for less than $30 which makes most production uneconomic - hence its its just a race to get as much cash as you can to keep the creditors at bay. JMO
    Mar 14, 2015. 08:16 AM | Likes Like |Link to Comment
  • IEA sees renewed pressure on crude prices [View news story]
    IEA seems to be a fair bit behind the eight ball here.

    http://1.usa.gov/18F3ZKp
    Mar 13, 2015. 10:01 AM | 2 Likes Like |Link to Comment
  • A Major Inflection Point Is Coming For Crude Oil... But It's Not Here Yet [View article]
    IMO - The current increase in North American oil supply is the result of desperate producers looking to get as much as they can from already drilled wells so that they can keep paying the bills. They have already paid the costs to drill these wells and so now do not have much choice other than to sell as much as they can for what ever they can get. When you look at the drop in rig count coupled with the high depletion rates of shale wells though, it tells you that this game will soon be coming to an end as the economics for new wells at $50 oil just are not that good for a lot of producers and the wells that have been drilled quickly start producing less.
    Mergers, bankruptcies and liquidation amounts to what faces the weaker players here that are not holding the best land and are not in good financial shape.
    When this starts to happen, we will see that sharp drop in production leading to higher prices.

    JMO
    Mar 12, 2015. 03:47 PM | 11 Likes Like |Link to Comment
  • Energy Insiders Are Buying Big On The TSX - February Edition [View article]
    With out knowing the details of employee purchase plans, these are really meaningless indicators. For example, one plan I am familiar with gives management the right to buy and pay over 3 years. At the end of the 3 years, if the stock is trading below the price you bought at , you are issued your shares and you are also paid the difference between the purchase price and the trading price. In other words its a no loose situation - the fact that people buy under this plan is no indicator as to what they think of the companies future prospects other than that it should be around 3 years down the road.
    No details on these plans means the data = garbage in, garbage out.

    By far the best market indicator as far as insider trading is concerned is open market purchases or sales. The basic rules around these are simple:

    -There is only one reason for buying and that is to make money.
    -There can can be many reasons for selling including poor prospects going forward.

    When it comes to penny or low cap stocks, all bets are off as many of these are IMO heavily manipulated and insider purchases are one of the tools used.

    JMO - Based on many years of playing this game
    Mar 12, 2015. 10:17 AM | Likes Like |Link to Comment
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