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  • 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
  • Saudis considering IPO for Saudi Aramco, bin Salman says  [View news story]
    LMAO!
    Jan 7, 2016. 08:20 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: China Market Meltdown Spreads Across The Globe  [View article]
    The way I see it is that a lot of the rest of the world and a lot of the U.S. Economy has been in a recession for some time now. I am just waiting for the mainstream media to call it so that I know its over. ;-)
    Jan 7, 2016. 11:01 AM | 6 Likes Like |Link to Comment
  • ArcelorMittal: Buy The Drop  [View article]
    I am not so sure that the move to aluminum by Ford was a smart move on Fords part. Aluminum is 4 times more expensive than steel and also producing a ton of aluminum takes a lot more energy and generates something like 8 times the amount of green house gas as a ton of steel. Even on the millage front, the other manufactures that stuck with steel get better millage. Steel is also not siting still with a batch of newer light weight high strength steels developed.
    Was the steel industry surprised - yes but ask your self why? IMO - Because it does not make a lot of sense. You save some weight but it comes witha lot of negatives - harder to finish, harder to paint and harder to repair and all of these cost more.

    From the article you provide a link for:

    “That was a bad surprise for us,” says Brian Aranha, Vice President of Global Automotive at ArcelorMittal. “We just didn’t see it coming.”

    Aranha is adamant that steel’s influence over the automotive industry remains firm. He predicts that over the next ten years, steel will regain ground lost to materials like aluminium. This, he says, is because OEMs are always going to go with the fastest, most cost effective option. And when it comes to cost-effective lightweighting, steel holds the key.
    Jan 7, 2016. 10:54 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: China Market Meltdown Spreads Across The Globe  [View article]
    Betting against China has historically been a loosing proposition and the Chinese stock markets are relatively small compared to the Chinese economy. China will adjust course as required to get where it needs to go.

    JMO
    Jan 7, 2016. 10:33 AM | 1 Like Like |Link to Comment
  • Why EOG Resources May Get Crushed This Year  [View article]
    The non OPEC producers have been trying to outlast the Saudi refocus of OPEC on market share. To this point, the game has been one of waiting them out and hoping for something to break in the Saudi game plan. So if the Saudis did not cut government programs in its pipeline, lower subsidies to its citizens, look to privatize major industries like its airports, and in some cases freeze wages, them would anyone really be taking them seriously? Probably not. If you want to win at any game a big part of it is being right and looking right. Long term, the Saudis have figured out that at $100 plus oil, to much Saudi oil will stay in the ground as many other sources of oil and forms of energy become very economic. Having said this, they still want to get as much for their oil as possible and the first step to that end is to make sure that the other producers take them very seriously. Loosing money on every barrel you produce while waiting for them to cave is not taking them seriously as EOG and many others may find out.

    JMO
    Jan 6, 2016. 03:31 PM | 8 Likes Like |Link to Comment
  • Encana: Why 2016 Will Be A Better Year  [View article]
    Encana is doing all the right things to survive in this tough pricing environment and prosper going forward. They have some very good assets. Long ECA
    Jan 6, 2016. 12:03 PM | 1 Like Like |Link to Comment
  • Vale: A Volatile 2016 Ahead  [View article]
    Vale IMO is the worse of the big 3 - High debit load with more required and in a country that seems to have a lot of corruption problems. You couple this with being in an industry where the major players are intent on racing to the bottom as fast as they can and I would definitely not be a buyer.
    JMO
    Jan 5, 2016. 05:50 PM | Likes Like |Link to Comment
  • More On Saudi Arabia And Oil  [View article]
    IMO - You are reading way to much into a Saudi budget. The Saudi budget is merely a reaction to today's oil market as even they realize that even Saudi Arabian when push comes to shove can not control the price of oil. Will it stay this low for 2-3 years? maybe but there is no guarantee, Saudi oil production is almost maxed out so all it would take is a deal between Russia and some of the other Large producers and up goes the price. As unlikely as people may think this is, one has to ask ones self the question - how long will all the others go along with the Saudi game and let the Saudi's set the pace - that is exactly what they are doing now and in oil, everything can change very quickly.
    As for China experiencing substantial bumps along the road - I would call them relatively mild bumps - If you want to see a substantial bump, you need to look at the 1930's depression and to a lesser extent the 2008 financial crisis. IMO - what is happening in China is a course adjustment that so far is going more or less according to plan regardless of what they may be telling the outside world and what the outside world may be guessing.
    Most of the education in the middle east that focuses heavily on religious education is IMO unfortunately mainly a brain washing exercise and any move away from this is definitely good.

    JMO
    Jan 4, 2016. 11:14 AM | 4 Likes Like |Link to Comment
  • Economic activity in the manufacturing sector contracted for the second month  [View news story]
    Obama needs to start supporting American manufacturing against foriegn government subsidized competition.

    http://bit.ly/1mv8mzD
    Jan 4, 2016. 10:43 AM | 2 Likes Like |Link to Comment
  • The Game Changer: Saudi Arabia And Oil  [View article]
    - The Saudis and their allies have no choice but to do what ever they have to too win this oil war. If they stop now, they will lose all credibility most of the power that they do have over the oil market.
    - The Saudis are also trying to make it as least attractive as possible for Iran to pump more oil. Simple game plan here - pumping more will mean less income - a game the Saudis can currently afford and Iran can not.
    - The Saudis are looking for the highest price for oil that will let them achieve a complex set of goal - both from a political perspective as well as a long term income perspective.
    - The Saudis also realize that under the current world economic and political situation a price of oil that is to high will be counter productive to all their long term goals. A to high price for oil would mean steady erosion of Saudi market share and income. It would put extra income in the hands of their enemies as well as benefiting their oil market competitors including renewable s at a great expense to the Saudis. More importantly, they have come to the conclusion that any market share these competitors/ other sources of energy capture will not easily if ever be reversed.
    - When it comes to oil, the Saudi oil ministry is well armed with the best data and research and as everyone knows they have the highest oil reserves with among the lowest cost production.
    They can not afford to lose and they know it.
    JMO
    Jan 1, 2016. 01:25 PM | 3 Likes Like |Link to Comment
  • Energy stocks see more pain after EIA data arrives  [View news story]
    Expectations are always wrong with this bunch - nothing new there!! 2.6 million barrels = one more good sized OPEC tanker docking somewhere in Texas than they were expecting.
    Dec 30, 2015. 07:50 PM | 2 Likes Like |Link to Comment
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