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Veritas1010

Veritas1010
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  • Canadian Oil Sands posts loss on lower crude prices, Alberta tax hike [View news story]
    I bailed for dividend income purposes. I am a DGI guy and COSWF had way crossed the line of buy and hold. I realized I could sell, take the serious hit, re-deploy and then write off losses. This has been done already and since my own (early) retirement is before me wanted those numbers to remain as positive as they had been.

    Family members followed me into COS. I told them to sell, but they are much younger and if the chose to wait it out one day they hopefully will not paste my mug on there dart board or engage in voodoo doll message techniques with long and hooked carpet needles.
    Aug 2, 2015. 05:28 PM | 1 Like Like |Link to Comment
  • Exxon Mobil Is Still A Sound Investment [View article]
    WTI at $43.75. Yes there is room to go (down) considering it is the beginning of August. Based on supply we may have easily 30 - 45 business days of volatile retreat. All pricing considerations are for stabilization at $60, even at this level these equities should floating low for potential buyers the next 2 month at least.

    More blood should be shed.

    I'm tired of over paying, cutting my hand accordingly on the 'clever cleavers' fall to Earth. I'm not selling out of my core positions, no way, but have moved to limit buy orders that I would have thought a year ago would never, could never be seen again.

    Another "learning experience" that Ronald Reagan was fond of saying: "Never say never".
    Aug 2, 2015. 05:19 PM | 2 Likes Like |Link to Comment
  • Gas Natural's (GASNY) CEO Rafael Villaseca Marco on Q2 2015 Results - Earnings Call Transcript [View article]
    Google translator makes for a messy interpretation of verbal results.
    Aug 2, 2015. 10:25 AM | Likes Like |Link to Comment
  • Exxon Mobil Is Still A Sound Investment [View article]
    And...now that I actually read the article how can anyone call for $100 oil again without some equally profound turn-a-rounds economically and politically starting with China's growth and moving from there?

    You do not defend a rather contrarian thesis at the moment. Alas, those numbers just seem part of the hope & wish oil crew that expect commodities to mysteriously right themselves without measurable economic antecedents.

    Please forgive me, I do not want to be insulting but this type of work is "light beer", gentle to consume but lacking substantive worth to justify after taste appreciation and respectful consideration. Another "meat-less'' Subway sandwich, again.
    Aug 1, 2015. 04:57 PM | 5 Likes Like |Link to Comment
  • Exxon Mobil Is Still A Sound Investment [View article]
    You just can't write a professional article to people who have money and spell as egregiously as this.

    It kills credibility and respectability.

    That said, long XOM. Despite short and long term challenges best of breed in the oil & gas industry bar none.
    Aug 1, 2015. 04:44 PM | 5 Likes Like |Link to Comment
  • Statoil reports Q2 results [View news story]
    XOM is not doing any alternative energy investing beyond scaling back its ballyhooed algae experimentations and getting out of its brief foray into alternate energy as not ready for prime time in the 1970's.

    I don't thing XTO qualifies as alternate energy company, though it is a gas company,(it has however arguably stagnated under Rex Tillerson's watch $40 + billion USD later purchased at the top of the market).

    I do personally believe once alternate energy "proves" itself financially (beyond government welfare) then you may see XOM swoop in, but, remember XOM is an energy producing and chemical processing company not a solar or wind energy utility. What looks like "apples to apples" isn't really.

    I'm big on STO too, government ownership to the tune of 51% is a mixed blessing. Government protection, (they need the golden eggs), but government strangulation by confiscatory taxation - didn't I read 90% (or more) that doesn't seem credible but in Scandinavia the welfare/nanny state is to several levels beyond American conceptualization. However several positive steps have been taken, dividends now paid quarterly, recently in USD's (this will help STO's payouts), and trimming CapEx and peripheral projects.

    Nonetheless STO has great real estate, Scandinavian ethics, and good new management at the top. I had been accumulating in the $16 dollar range but now have limit orders in the upper $15 range since its mini 'flash crash' last week. Oil has more room to fall, unfortunately.

    disc.: long STO.
    Aug 1, 2015. 04:20 PM | Likes Like |Link to Comment
  • ConocoPhillips: This 5% Yielder Is On Sale, And Here's Why You Should Care [View article]
    Beware the sale that looks like a give-away.

    There a reason things are moved to the discount rack.

    disc. long COP but HOLDING.
    Aug 1, 2015. 04:01 PM | Likes Like |Link to Comment
  • ConocoPhillips: This 5% Yielder Is On Sale, And Here's Why You Should Care [View article]
    True on both counts.

    I continue to nibble on RDS-B, it is worth the long term chance for me.

    But I must have nearly 20X my money in XOM, so I feel I have the leeway to take these "risks".
    Aug 1, 2015. 03:57 PM | Likes Like |Link to Comment
  • Oil prices are headed higher, two top investors say [View news story]
    I agree Sir, but the intelligence of people writing and blogging on SA are not Joe & Jane at the WalMart or 7eleven one sees daily.

    That said, what chance is there for a real alternative on either side of duopoly? Not good says I.
    Aug 1, 2015. 03:53 PM | Likes Like |Link to Comment
  • ConocoPhillips beats by $0.03 [View news story]
    You could be right, but IF your in the right boat it is really a submarine and get you to shore safely. The majors can withstand the maelstrom, but COP no longer has that downstream crutch to help stand somewhat.
    Aug 1, 2015. 03:49 PM | 2 Likes Like |Link to Comment
  • Canadian Oil Sands posts loss on lower crude prices, Alberta tax hike [View news story]
    I'm American, but truly Canada is truly a wonderful nation too. In no way can they (Canada) be blamed for the COSWF debacle. I sold, will be taking the loss for a decade but will turn it around in time with other remainder investments.

    That's life in the big city. But COSWF didn't blow smoke at anyone, they always have on their web site they are a "pure play" on oil. Not even fine print.

    Take your success and accept ones' missteps. But, don't blame the company, and don't blame the Nation.
    Aug 1, 2015. 03:41 PM | Likes Like |Link to Comment
  • Canadian Oil Sands posts loss on lower crude prices, Alberta tax hike [View news story]
    China can't buy it since the recent changes to overseas ownership of strategic assets by the Dominion.
    Aug 1, 2015. 03:35 PM | Likes Like |Link to Comment
  • Exxon, Chevron Prep Street For Ugly Earnings With Nixed Projects [View article]
    Thank you Al for your kind words.

    I agree with NY2LA1 (like that nom de guerre!) let's hope your timeline is longer than you may think, and extends beyond our mortal finite reasoning; I also agree with your view that a young persons take on averaging in would and should be considerably different for several reasons. One because the bottom of the petrol cycle is unknowable and the circumstances are presently serious and call for caution. Anyone to say otherwise needs a credibility check by fellow SA'ers. Secondly, alternative energy is here to stay, and failure to incorporate some of the better risks in this area would I believe show a lack of forward reasoning and prudence.

    The global economic environment is, indeed, hurting. Major social unrest will flow from inequitious income distributions that inexorably divest the remainder of the middle class as well as the aspirational upper class. Many would be producers and entrepreneurs are driven away from risk when confiscatory taxation to maintain a "welfare and warfare state" drain reasonable chances of reward out of the equation.

    All the while we have deflation occurring globally along with a strange mix of inflation in key living expenses such as health care. The bottom line is its getting a whole lot harder to make any money today than 50, 40, 30, 20, 10 years ago, (says something about my timeline too).

    I'm still investing, nibbling if you will on what I still perceive as quality though my cost basis can be considerably higher for stocks like XOM & AT&T, two of my dividend stalwarts.

    Nonetheless, still investing or "nibbling" in the oil patch, RDS-B, STO, XOM have a big chunk of COP as a percent of my portfolio, slightly lower cost basis now in the low 50's (not including dividend harvesting) but will restrain myself by not adding more since there is no downstream cushion and they raised dividends in the face of just being an E&P company, just not prudent.

    Happy hunting, gentlemen it truly is a jungle out there.

    disc.: long on all mentioned above.
    Aug 1, 2015. 03:33 PM | Likes Like |Link to Comment
  • ConocoPhillips -3.3% as dividend gets scrutiny out of earnings [View news story]
    Just as a clarification to all our cigar smoke discussions, it's not really about the Saud's, it's about global oversupply and global economic transitioning and slow down in China, India, Europe, Australia...

    The Saudi's and Emerites are reactionary and are like fire fighters lighting a flame to extinguish the fire. Sometimes it works. Sometimes it is a consummate failure by destroying more than what it was intended to extinguish.

    One thing is clear, those with hubris and can short are making some serious money. That's not me, I'm just hanging on and crazy enough to nibble on the devastated corn cob. In the mean time; Look out below, my limit orders are at near bottoms in the 60 day cycle starting this Monday.

    Had to "dummy-up" sometime as Archie Bunker used to say to Meat Head.
    Aug 1, 2015. 12:25 PM | 2 Likes Like |Link to Comment
  • TeliaSonera Is Overcoming Challenges, Remains Good Dividend Investment [View article]
    Because of the variable payouts due to currency, time and consistency Yahoo Finance does a miserable job in this area. This then is no actually a bad thing as it forces you to do your own due diligence by going to the companies site directly (and/or a host of other sites) which, with some patience, you can get most of the answers you want to make an informed judgement.

    I own (and continue to do so) some European foreign stocks in the telecom sector as well as the oil & gas industry. However, with the strong U.S. Dollar coupled with the foreign tax withholdings these companies are, in my humble, to be eschewed presently. Unless, exceptional value is to be had if that sector has been beaten down- which presently it isn't. Want said similar yield, try AT&T, (diversifying internationally once again in Mexico and Latin America), VZ (domestic US) or VOD. TeliaSonera just doesn't have a compelling geography footprint, market or story to present at the moment though it is a sound company.
    Aug 1, 2015. 12:05 PM | Likes Like |Link to Comment
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