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bjamesh

bjamesh
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  • A rejection of the Keystone pipeline (TRP) would unleash shock waves through the halls of policymakers in Canada and the U.S. and force producers to find creative solutions. But don't hold your breath: The Obama administration is unlikely to make a decision until late this year or even early 2014, unnamed U.S. officials are telling Reuters. [View news story]
    TransCanada's "Energy East" pipeline now looks like the most likely to get built first. About 800,000 bbl/d to Montreal refiners on a underused gas pipeline with a new 1400 km extension. Possibly also extended out to Canada's east coast (and export) and the eastern seaboard of the US. That project could be functioning by 2017. Odd, in that I think this was their most recent proposal of all to transport increasingly stranded western Canadian crude.

    The west coast crude routes could be derailed by the elections in BC and a win for the NDP May 14/13... that's tomorrow.
    May 14 12:02 AM | Likes Like |Link to Comment
  • CNBC's Jim Cramer says he's witnessing something in the market he hasn't seen in all his 34 years of investing - something that tells him this bull market is more powerful than any we've ever experienced. First, investors aren't taking profits after good news, which is usually the norm. Second, stocks aren't re-tracing to fill in any gaps after popping on good news, they just keep going higher. Lastly, even on bad news, stocks are roaring even higher. This is a "surrealist moment," Cramer says. Managers who have been taught never to chase stocks are getting killed. This is bull is "crushing even the most skilled of matadors." (Video[View news story]
    So, according to Jimbo "it's different this time". Wow, I'm even more skeptical about this market.
    May 13 10:51 PM | Likes Like |Link to Comment
  • Verizon Wireless is making a fresh $7B cash distribution to owners Verizon (VZ) and Vodafone (VOD) - Verizon will get $3.85B, and Vodafone $3.15B. A $10B distribution was made in 2011, and an $8.5B distribution last November. CEO Lowell McAdam appeared to be hinting earlier this month Vodafone might not get a distribution this year, as Verizon Wireless focuses on paying down debt. VOD +0.5% AH. VZ +0.3%[View news story]
    Not exactly sure if Vodafone plans to buy back more of its shares with this like they did last time or distribute it to VOD shareholders. If it becomes a dividend then that should work out to about $0.62/ADR.
    May 13 06:10 PM | 1 Like Like |Link to Comment
  • Yield-chasing investors should be wary of AT&T (T -1.5%, 4.8% yield) and Digital Realty (DLR -5.4%, 4.6% yield), warns Jonathan Jacobson at the Sohn conference. AT&T's wireline ops are a "melting ice cube," Jacobson declares (revenue fell 1.8% Y/Y in Q1), and mobile competition is intensifying. As for DLR, he asserts "the data center [colocation] business is a commodity business" (ed: true, but it has been growing quickly), and accuses DLR of understating recurring capex. He also considers its dividend unsustainable without fresh capital-raising efforts. In addition to Jacobson's remarks, DLR appears pressured by Rackspace's Q1 miss[View news story]
    Approx. $382 million @ May 08/13 closing price.

    (9,737,184 x $39.27)

    http://bit.ly/10u9b9u
    May 9 12:54 PM | Likes Like |Link to Comment
  • Yield-chasing investors should be wary of AT&T (T -1.5%, 4.8% yield) and Digital Realty (DLR -5.4%, 4.6% yield), warns Jonathan Jacobson at the Sohn conference. AT&T's wireline ops are a "melting ice cube," Jacobson declares (revenue fell 1.8% Y/Y in Q1), and mobile competition is intensifying. As for DLR, he asserts "the data center [colocation] business is a commodity business" (ed: true, but it has been growing quickly), and accuses DLR of understating recurring capex. He also considers its dividend unsustainable without fresh capital-raising efforts. In addition to Jacobson's remarks, DLR appears pressured by Rackspace's Q1 miss[View news story]
    Last time I checked he held a large position in Iron Mountain (IRM) which is getting into the secure data centre business at its "underground" limestone data storage facility. Conflict of interest?
    May 9 11:48 AM | Likes Like |Link to Comment
  • "It's almost biblical," says Apollo Global (APO) CEO Leon Black. "There is a time to reap and there's a time to sow ... We are harvesting." The P-E kingpin says Apollo has unloaded about $13B in assets over the past 15 months. "The financing market is as good as we have ever seen it. It's back to 2007 levels. There is no institutional memory ... We're selling everything that's not nailed down." [View news story]
    ... We're selling everything that's not nailed down."

    I guess that means they are not expecting their assets, on average, to be not worth too much more than they are today for some time. Could be a warning in there somewhere.
    May 4 08:28 AM | 2 Likes Like |Link to Comment
  • The number of bond funds owning stocks rose to 352 in Q1, according to Morningstar, up from 312 in Q4 and the highest level in nearly 2 decades. "We believe that traditional fixed income (AGG, BND) is at a historic level of being overvalued," says Forward Management, explaining to investors why it's moved from about zero of their funds in stocks to about 50% over the last year. [View news story]
    Always pays to read the prospectus. Retirees could be WAY more exposed to the stock markets than they think, or want. Could be in for a nasty surprise with the broad US market at near all time highs, and in May. Buyer beware!

    Maybe it's a good time to check up on someone you know?
    May 2 08:40 AM | Likes Like |Link to Comment
  • ConocoPhillips: Who Will Buy Its $5 Billion Stake In Kashagan - India Or China? [View article]
    I'll assume they will use tankers from Ceyhan and use the Suez to transport the crude to India. A long round about way (8000 miles), but if security is priority, it beats Afghanistan and Pakistan, not to mention the topography to get to India through those two countries with a pipeline.
    Apr 30 10:33 AM | Likes Like |Link to Comment
  • ConocoPhillips: Who Will Buy Its $5 Billion Stake In Kashagan - India Or China? [View article]
    You are correct I meant BTC. Here is the link which refers to their purchase of Hess' assets.

    http://bit.ly/ZPY67b
    Apr 30 09:50 AM | Likes Like |Link to Comment
  • ConocoPhillips: Who Will Buy Its $5 Billion Stake In Kashagan - India Or China? [View article]
    I would agree that if security of energy is the intent then the Kaz-India doesn't really qualify. Correct me if I'm wrong, but hasn't ONGC Videsh secured part ownership (albeit small <3%) of the BTI pipeline that runs through Turkey to the Mediterranean?
    Apr 30 09:31 AM | 1 Like Like |Link to Comment
  • ConocoPhillips: Who Will Buy Its $5 Billion Stake In Kashagan - India Or China? [View article]
    Something tells me that the contact details with ONGC Videsh would show it is binding assuming the government approvals are granted and preemption rights not exercised. I doubt that the Indian company would want the possibility of a bidding war to occur with a SOE, or otherwise, after signing.

    Kazakhstan has more to lose than gain if it shows favoritism towards the PRC for any future developments.
    Apr 30 06:19 AM | 1 Like Like |Link to Comment
  • The Keystone XL Pipeline Being Delayed Until Late 2015 Is Good For Canada [View article]
    Conrad just got out of prison about a year ago, so I don't think he's had time to get himself involved in any new controversy.
    Apr 30 01:51 AM | Likes Like |Link to Comment
  • The 'New Normal' For Packaged Goods Dividend Growers [View article]
    I have enjoyed the increased dividends Casey. But I am not adding any $$ to these names either for now. I'm looking elsewhere for possible purchases.
    Apr 30 01:46 AM | Likes Like |Link to Comment
  • The 'New Normal' For Packaged Goods Dividend Growers [View article]
    I think the consumer staples sector has been experiencing the perfect storm for all the reasons pointed out in this article. There are a couple of others as well.

    First, the proposed takeover of Heinz in mid-February by WB and his Brazilian partners increased awareness of this group. Plus the fact that he is still on the "hunt" for another "elephant" and his well known liking of companies with a moat/brand.

    Second would be the rising middle-class in emerging markets ~ both in number and wealth. Not dissimilar to their evolution in protein sources, they choose higher perceived quality in their other consumer purchases. The companies have responded by emphasizing (and catering their production, offerings and marketing) to this growing segment of the global population. I think this will continue.

    However, as pointed out, input costs will definitely impact their bottom line. That could easily put a cap on gains, at least in the medium term.

    long GIS, PEP, KO, PG, UL, DEO
    Apr 30 12:47 AM | Likes Like |Link to Comment
  • The Keystone XL Pipeline Being Delayed Until Late 2015 Is Good For Canada [View article]
    Devon Shire, it is not Conrad Black that is involved in the Kitimat project. It's DAVID Black.

    http://bit.ly/1690h8o
    Apr 28 07:53 PM | 5 Likes Like |Link to Comment
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