A new year brings dreams of lucrative M&A activity, and no more so than in Big Oil, where some see an appetite for the sort of megadeals last seen a decade ago. But not long ago, investors were demanding oil majors split their upstream and downstream activities; WSJ’s Liam Denning looks at how ConocoPhillips (COP) has handled that move, and finds a company vulnerable to falling energy prices. [View news story]
I think both are fine companies run by capable and honest people. PSX just got a head start because of current mkt. conditions in their industry (refining and pipelines). I own both and will hold for capital gains and dividends. I'm glad management unbundled them for the shareholders. Jim Mulva was a genius and a good guy too !
Occidental Petroleum: Dividend Growth At A Reasonable Price [View article]
OXY is a well run oil production co. that is well worth the investment. Entry points should be at 72.50 or below. Consider selling puts to reach a position in the stock.
Freeport's (FCX) mega-deal for McMoRan (MMR) and Plains (PXP) looks "incestuous" to Jim Mueller: Just for starters, PXP owns 31.5% of MMR and CEO James Flores sits on its board; MMR CEO Jim Bob Moffett is chairman of FCX; B.M. Rankin, a co-founder of FCX with Moffett, sits on MMR’s board. With such a web of relationships, how much independent due diligence was done in reaching the deal? [View news story]
Jim Bob Moffett and Mac Rankin are beyond reproach from an integrity, character and honesty motif. I also happen to think they are astute business men who have been highly successful for decades. For all you 30, 40 and 50 somethings these guys know the ropes. period !
Apache (APA), Devon (DVN) and Occidental Petroleum (OXY) all have strong track records and low-risk profiles, but lack the exploration potential, high-production growth, and takeover speculation premium of many of their E&P peers, Oppenheimer's Fadel Gheit writes. Investors have preferred stocks of energy companies emphasizing high-production growth over those with high return on capital in recent years. [View news story]
Everybody is so short term in their thinking. OXY is a long term buy and currently has an almost 3% div. If you think it's going nowhere then do div. reinvestment and write covered calls @ 80 3 or 4mo. out 'til hell freezes over OR until we SECEDE.
Barrick's Management May Be Bigger Disappointment Than Q2 Earnings [View article]
If you are correct, then I guess the only way to fight the fire is with fire (by any means). I do know that Pan American (PAAS) and Freeport (FCX) are fighting these thugs in Argentina and Indonesia respectively. Maybe they can pool their resources and fight these eco-terrorists and political thugs more aggressively ? Maybe a change in US gov't. attitude would help ? I feel like the obstructionists in this country are as strong as anywhere in the world. Could this be socialism at work or just individual thugery ?
Barrick's Management May Be Bigger Disappointment Than Q2 Earnings [View article]
I think this fellow is right on target about ABX's poor performance. Like Jim Rogers said owning the underlying commodity has a lot less risk to it than owning the stock. ABX has obvious mgmt. problems that better be solved sooner than later or someone will buy them out on the cheap. I do assume that the stock is now below book. I have 2000 sh. in st. name. I don't want to even think about my basis cost...HA HA.
Book Review: Private Empire - Exxon Mobil And American Power [View article]
Exxon Mobil is one of the finest corporations to ever bless our shores. Lee Raymond was one of a long line of superior CEO's. People who denigrate this company are either plainly ignorant or have such a socialist mentality that they can't see the forest for the trees. BTW I have never worked for XOM. I have however, put two children through college and funded a retirement for my wife and I because of Exxon DRIP's.
JPMorgan: Another Reason CDS Should Be Regulated As Insurance [View article]
I think Mr. Armistead's replies are all very cogent to the concerns of "financialism" strangling our free market economy. Thank you Tom for answering so many of these blogs which brought up additional insights to the problem.
JPMorgan: Another Reason CDS Should Be Regulated As Insurance [View article]
Excellent article that ought t/be required reading for every voter in the country and especially all students of economics. Kudos to Mr. Armistead for spelling it out so clearly.
A new year brings dreams of lucrative M&A activity, and no more so than in Big Oil, where some see an appetite for the sort of megadeals last seen a decade ago. But not long ago, investors were demanding oil majors split their upstream and downstream activities; WSJ’s Liam Denning looks at how ConocoPhillips (COP) has handled that move, and finds a company vulnerable to falling energy prices. [View news story]
PSX just got a head start because of current mkt. conditions in
their industry (refining and pipelines). I own both and will hold for
capital gains and dividends. I'm glad management unbundled them
for the shareholders. Jim Mulva was a genius and a good guy too !
Occidental Petroleum: Dividend Growth At A Reasonable Price [View article]
Entry points should be at 72.50 or below. Consider selling puts to
reach a position in the stock.
Freeport's (FCX) mega-deal for McMoRan (MMR) and Plains (PXP) looks "incestuous" to Jim Mueller: Just for starters, PXP owns 31.5% of MMR and CEO James Flores sits on its board; MMR CEO Jim Bob Moffett is chairman of FCX; B.M. Rankin, a co-founder of FCX with Moffett, sits on MMR’s board. With such a web of relationships, how much independent due diligence was done in reaching the deal? [View news story]
integrity, character and honesty motif. I also happen to think they
are astute business men who have been highly successful for
decades. For all you 30, 40 and 50 somethings these guys know
the ropes. period !
Apache (APA), Devon (DVN) and Occidental Petroleum (OXY) all have strong track records and low-risk profiles, but lack the exploration potential, high-production growth, and takeover speculation premium of many of their E&P peers, Oppenheimer's Fadel Gheit writes. Investors have preferred stocks of energy companies emphasizing high-production growth over those with high return on capital in recent years. [View news story]
buy and currently has an almost 3% div. If you think it's going
nowhere then do div. reinvestment and write covered calls @ 80
3 or 4mo. out 'til hell freezes over OR until we SECEDE.
Barrick's Management May Be Bigger Disappointment Than Q2 Earnings [View article]
fire (by any means). I do know that Pan American (PAAS) and
Freeport (FCX) are fighting these thugs in Argentina and Indonesia
respectively. Maybe they can pool their resources and fight these
eco-terrorists and political thugs more aggressively ? Maybe a
change in US gov't. attitude would help ? I feel like the obstructionists in this country are as strong as anywhere in the
world. Could this be socialism at work or just individual thugery ?
Barrick's Management May Be Bigger Disappointment Than Q2 Earnings [View article]
Like Jim Rogers said owning the underlying commodity has a lot
less risk to it than owning the stock. ABX has obvious mgmt.
problems that better be solved sooner than later or someone will
buy them out on the cheap. I do assume that the stock is now
below book. I have 2000 sh. in st. name. I don't want to even think
about my basis cost...HA HA.
Enbridge Energy Partners Reports Earnings On July 31 [View article]
info in a concise easy to assimilate and interpret manner.
Book Review: Private Empire - Exxon Mobil And American Power [View article]
shores. Lee Raymond was one of a long line of superior CEO's.
People who denigrate this company are either plainly ignorant
or have such a socialist mentality that they can't see the forest
for the trees.
BTW I have never worked for XOM. I have however, put two
children through college and funded a retirement for my wife
and I because of Exxon DRIP's.
JPMorgan: Another Reason CDS Should Be Regulated As Insurance [View article]
of "financialism" strangling our free market economy.
Thank you Tom for answering so many of these blogs which brought
up additional insights to the problem.
JPMorgan: Another Reason CDS Should Be Regulated As Insurance [View article]
voter in the country and especially all students of economics.
Kudos to Mr. Armistead for spelling it out so clearly.
Thank you
Phillips 66: This Energy Spin-Off Will Reward Patient Investors [View article]
sharp CHM. who made mistakes but corrected them in the long run.