Resource Nationalism Behind OECD Energy Renaissance [View article]
Mr. Hoerth, I've had this article up in my browser all day waiting for the Oil & Gas watchers to weigh in. You've got at least one interested reader and I appreciate your posting.
Holding My Nose And Buying 'Government Motors' [View article]
Derek, try slow-roasting quartered peeled beets to a mashable tenderness and then toss them in olive oil, salt and pepper. Add some crumbled feta. Easier to down than a post-bailout GM and as a bonus you'll pee purple in the morning.
An increasingly vocal campaign is arguing for a go-slow approach in allowing U.S. exports of liquefied natural gas. Industrial firms such as DOW, HUN and AA fear that exporting LNG could hurt the U.S. by driving up gas prices. But an XOM exec asks, "Why should the U.S. government discriminate between a... project to liquefy natural gas and a chemical plant to solidify it into plastic pellets? Both create investment, both create thousands of jobs." [View news story]
Right on Drew, and let's have the universities divest of oil and gas stocks in response to ignorant student pressure so I can pick up some bargains! Oh, and let's repeal the state and federal taxes on oil and gas so my bills go down. Forward!
The Department of Transportation says Exxon (XOM) should pay $1.7M in connection with a 2011 incident during which heavy flooding caused a pipe to rupture spilling 1,500 barrels of oil into Montana's Yellowstone River. The DOT claims the company dismissed warnings prior to the flood and did not take steps to minimize the spill once the pipeline ruptured. Exxon says it will "learn from the incident" but also notes it is "disappointed" with the DOT's assessment.[View news story]
What do you want to bet that DOT spent $5-10M litigating this incident?
More on jobless claims: The 4-week moving average declines 7.5K to 339,750, the lowest level since February 2008 (long-term chart courtesy of Bill McBride). S&P futures continue to hug the flat line and Europe's off the lows, the Stoxx 50 -0.8%. [View news story]
Anecdotal I know, but many of the fast food restaurants I'm driving past have "now hiring all shifts" on their marquees. Something tells me they've had to expand their crews as they have been cutting existing team members hours in order to stay under the Obamacare triggers.
Recovery Summer 3 is just around the corner. That is, if you were getting by on 2 part-time jobs in 2012 you're going to need a 3rd in 2013.
JPMorgan (JPM), one of MF Global's primary clearing banks, has reached a $546M settlement with James Giddens, the trustee who is overseeing the liquidation of the brokerage. Under the deal, JPM will pay MF $129M and release claims on $417M that it had already returned to Giddens. Meanwhile, the trustee plans to request court authorization for payments of $300M to former MF customers. [View news story]
Where is former NJ Senator and Governor Jon Corzine (D)? Still living the good life, in blissful anonymity it seems.
As an observer at the end of the supply chain for consumer discretionary goods, I'm seeing and passing through price increases at a higher than single digit rate: on many everyday items it's at least 5% and on higher end goods 10% or more.
Dollar stores (DG, DLTR, FDO) are sitting in the sweet spot for retail, according to analyst Kristin Bentz. Though the stores were once a destination for shopping "treasure hunts," a trend of consumers using the outlets as de facto grocery stores for basics and consumables is firming up. Wal-Mart (WMT +0.5%) may get a piece of the action with a plan to increase its footprint of small-format stores, while grocery stores could suffer a loss of market share (KR, SWY, SVU). (full report .pdf) [View news story]
As an anecdotal confirmation of the abovementioned trend, I can always buy tea for less at Big Lots, Pop Tarts for the kids are cheaper, and Progresso soups are .25 less a can than at KR. There are also the "treasure hunt" finds.
Micron: An Amazing Story Is Unfolding Before Our Eyes [View article]
The ponies are running this and every day. Join drf.bets or twinsspires. for small plays in the short term. More transparent than the market at a lower entry point.
Micron: An Amazing Story Is Unfolding Before Our Eyes [View article]
gbone, welcome aboard SA and thanks for disclosing ownership in a stock you're commenting on. I've been watching MU for about 18 months. Why did you buy it 10 years ago and do you see a viable entry point for new owners?
Mar. Consumer Confidence: 59.7 vs. 68.0 in Feb. (revised). [View news story]
Resource Nationalism Behind OECD Energy Renaissance [View article]
Holding My Nose And Buying 'Government Motors' [View article]
Holding My Nose And Buying 'Government Motors' [View article]
Mar. Consumer Confidence: 59.7 vs. 68.0 in Feb. (revised). [View news story]
Everything will be fine after SCOTUS legalizes gay marriage, which is evidently the most important issue facing the country.
An increasingly vocal campaign is arguing for a go-slow approach in allowing U.S. exports of liquefied natural gas. Industrial firms such as DOW, HUN and AA fear that exporting LNG could hurt the U.S. by driving up gas prices. But an XOM exec asks, "Why should the U.S. government discriminate between a... project to liquefy natural gas and a chemical plant to solidify it into plastic pellets? Both create investment, both create thousands of jobs." [View news story]
The Department of Transportation says Exxon (XOM) should pay $1.7M in connection with a 2011 incident during which heavy flooding caused a pipe to rupture spilling 1,500 barrels of oil into Montana's Yellowstone River. The DOT claims the company dismissed warnings prior to the flood and did not take steps to minimize the spill once the pipeline ruptured. Exxon says it will "learn from the incident" but also notes it is "disappointed" with the DOT's assessment. [View news story]
More on jobless claims: The 4-week moving average declines 7.5K to 339,750, the lowest level since February 2008 (long-term chart courtesy of Bill McBride). S&P futures continue to hug the flat line and Europe's off the lows, the Stoxx 50 -0.8%. [View news story]
Recovery Summer 3 is just around the corner. That is, if you were getting by on 2 part-time jobs in 2012 you're going to need a 3rd in 2013.
JPMorgan (JPM), one of MF Global's primary clearing banks, has reached a $546M settlement with James Giddens, the trustee who is overseeing the liquidation of the brokerage. Under the deal, JPM will pay MF $129M and release claims on $417M that it had already returned to Giddens. Meanwhile, the trustee plans to request court authorization for payments of $300M to former MF customers. [View news story]
Feb. Consumer Price Index: +0.7% vs. +0.5% expected, 0.0% prior. Core CPI +0.2% vs. +0.2% expected, +0.3% prior. [View news story]
Dollar stores (DG, DLTR, FDO) are sitting in the sweet spot for retail, according to analyst Kristin Bentz. Though the stores were once a destination for shopping "treasure hunts," a trend of consumers using the outlets as de facto grocery stores for basics and consumables is firming up. Wal-Mart (WMT +0.5%) may get a piece of the action with a plan to increase its footprint of small-format stores, while grocery stores could suffer a loss of market share (KR, SWY, SVU). (full report .pdf) [View news story]
Micron: An Amazing Story Is Unfolding Before Our Eyes [View article]
Micron: An Amazing Story Is Unfolding Before Our Eyes [View article]
The Sequester - Why No Wall Street Panic? [View article]
Is The U.S. Building An Unsustainable Welfare Support System? [View article]