John Hempton throws in the towel on his Linn Energy (LINE) short following yesterday's acquisition of Berry Petroleum (BRY). It's a swap of what Hempton believes is near-worthless stock for old, but valuable oil assets. Those assets can generate enough cash to keep what he believes is a Ponzi, rolling for many more years. [View news story]
The checks keep clearing and every senior citizen within 3,000 miles is long!
A port in a storm, Campbell Soup (CPB) manages to stay green, with CEO Denise Morrison telling reporters soup season has unfolded better than expected thanks to a resurgence in the Chunky Brand and positive response to a price increase on condensed soups. "I'm not putting balloons up but it feels better ... It's been pretty bad for a long time." [View news story]
Yorkville ETF Advisors expanded its MLP ETF lineup by launching its High Income Infrastructure MLP fund YMLI today. The ETF debuts following the success of YMLP last year. The two ETFs will have no overlap in holdings and will provide composite exposure to the MLP universe. Competitors: AMJ, EMLP, MLPI, AMLP, MLPJ (pdf) [View news story]
Questar (STR -2.2%) is downgraded to Neutral from Buy at UBS, which notes much to like about the company, but shares are up ~21% YTD and catalysts the firm had outlined earlier plus upside potential of the pending pipeline strategic review are now well understood by the market. At current levels, STR's risk/reward profile has moderated, the firm says. [View news story]
I am just staying Long STR, long since Don Cash days!
Argus Research raises its price target for HollyFrontier (HFC +0.2%) to $68 from $48, believing HFC may benefit from high refiner margins longer than many anticipate due to strong U.S. onshore production growth. The firm thinks the company's management is very shareholder friendly, and it maintains a Buy rating on the shares. [View news story]
John Hempton throws in the towel on his Linn Energy (LINE) short following yesterday's acquisition of Berry Petroleum (BRY). It's a swap of what Hempton believes is near-worthless stock for old, but valuable oil assets. Those assets can generate enough cash to keep what he believes is a Ponzi, rolling for many more years. [View news story]
New Stock Picks For Billionaire Chase Coleman [View article]
Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q4 2012 Update [View article]
A port in a storm, Campbell Soup (CPB) manages to stay green, with CEO Denise Morrison telling reporters soup season has unfolded better than expected thanks to a resurgence in the Chunky Brand and positive response to a price increase on condensed soups. "I'm not putting balloons up but it feels better ... It's been pretty bad for a long time." [View news story]
FINRA Sounds The Alarm For Bond Funds [View article]
Buffett Is Not Buying Heinz - He Is 3G's Banker [View article]
Market Notes: Drilling For Profit In Oil Servicers -- February 14 [View instapost]
Market Notes: A Minor Correction In 3...2...1? -- February 13 [View instapost]
Stocks More Overvalued Than 1929 [View article]
Yorkville ETF Advisors expanded its MLP ETF lineup by launching its High Income Infrastructure MLP fund YMLI today. The ETF debuts following the success of YMLP last year. The two ETFs will have no overlap in holdings and will provide composite exposure to the MLP universe. Competitors: AMJ, EMLP, MLPI, AMLP, MLPJ (pdf) [View news story]
The Coming Decade Of Stocks, Part 2 [View article]
Market Notes: Market Poised To Take A Breather -- February 12 [View instapost]
Questar (STR -2.2%) is downgraded to Neutral from Buy at UBS, which notes much to like about the company, but shares are up ~21% YTD and catalysts the firm had outlined earlier plus upside potential of the pending pipeline strategic review are now well understood by the market. At current levels, STR's risk/reward profile has moderated, the firm says. [View news story]
Argus Research raises its price target for HollyFrontier (HFC +0.2%) to $68 from $48, believing HFC may benefit from high refiner margins longer than many anticipate due to strong U.S. onshore production growth. The firm thinks the company's management is very shareholder friendly, and it maintains a Buy rating on the shares. [View news story]
Wynn Resorts: The Best Of Breed With Multiple Growth Drivers In Place [View article]