Official Investing Thread

Yes and no. It's hard to find current data on refinery production capacity (like within the most recent month), but probably since the industry has closed refineries steadily over the past 2-3 decades. Went from somewhere around 300 to around 180-190 currently.

Part of this is due to operating efficiencies, since there are fewer refineries but they are refining more per refinery on average. So there's the factual approach to it, with refineries being closed for various reasons which included, but wasn't limited to, profitability/consolidation and technology improvements.

Then there are sites like this that throw out the price-fixing conspiracies (seems like a conspiracy theory since they don't use stats/references to back up the claims).

http://www.dailykos.com/story/2012/02/24/1067981/-Gas-prices-Blame-refinery-closures

Anyway, of 2011's price hike in gas, in the per gallon cost, something like 60 cents of that came from oil with 11 cents from refineries, the other 4 or so cents from other stuff. But also US crude oil production was up while consumption was down last year. So when people say the price jump is from speculation, it's mostly accurate though lower refinery capability is playing a role in it.

 

woo no keystone!!! wooo environment!!! woo PRISTINE OCEANS 100 miles off the coast wooo!!!

"there is no point in drilling for something that we won't get for at least 10 years"

john kerry on anwr, spring 2001

just saying

 

BP didn't help the cause with their 3 month long whoopsadaisy.

 

certainly not, but the pandering that the "GULF IS DEADDDDDDDDDDDDDDDDDDDDDD" media and environmentalists trumpeted no doubt fell on friendly ears in the DOI and whitehouse

 

they helped me get my pockets fat

 

I wish gas would be at fucking $7 a gallon tbh with y'all

 

I'm long oil & gas and I own a downtown condo that is walking distance or a 50 cent bus ride from my work so for obvious reasons I'm with you.

 

Well I live in Lafayette, LA, which is the biggest oil city in LA. I am also a CRE agent in Laf, so the benefits of a booming oil city are pretty substantial.

My family also owns a geological exploration company that was started in the 70's also. Man was 2005-07 some good times.

 

the main thing i hated was last summer's "hey the oil's gone" tourism ads that ran with people from fla, ms, louisiana, maybe alabama, in it.

 

Yeh BP has an absolutely fantastic marketing team/ damage control team.

 

I hate compliance. I would be long JPM if I didn't get blocked from trading it.

 

Iran creating rumors for the oil market. They will do just about anything....

Also long oil (i work for an oil and gas services company too) but prices rising too much more say 10% and the global economic slowdown talks are really going to heat up.

 

I'm holding on til 45. Bought at 31, though.

 

Over time, it should trade above book value. I don't see financials going back to the multiples they traded at but I see no reason it can't go back to 1.2x book ($46.59*1.2=$56) over the next couple years and there is certainly 15% upside from here just getting back to book value.

 

FFN

 

Why is it down, didnt see anything?

 

Why was it up 200% YTD at one point?

I still think it is really cheap but I can't explain the way it trades.

 

thats what i was getting at .... should i be buying on this dip?

 

I will eventually but I see no reason to catch a falling knife yet. I'll wait until it either get under $1, appears to have bottomed, or they report earnings.

 

I'm thinking about getting in on the dip Thurs or Fri. Has there been any specific reason(s) why there's been a dip the past few days?

 

fucking obama

 

So, you learned the FA function or page down when in description?

 

Does everyone here invest individually or do they use an advisor?

 

individually... scottrade has good stuff, i like to think im smarter than most people and can manage my money well, and fuck big commissions

 

I can quickly think of two ways:
1) JPM Equity DES <Go> and pg fwd to page 3 (the metrics vary by company/industry on this screen)
2) JPM Equity FA <Go>, click on EV, and scroll down to Price to Book Ratio/Book Value Per Share.

I love the FA screen for looking at different credit & valuation metrics. I also use the RV function a lot to compare companies vs. peers (JPM Equity RV <Go>). I should use the BQ function more frequently.

 

ANR trading as if the world won't need met coal ever again.

Purchased more. Gonna purchase even more.

 

Taking a peak at THLD. Just had a breakthrough with a pancreatic cancer drug. It's pulling back a little bit but this is the first major breakthrough for any company in pancreatic cancer I believe, so think it has a high ceiling. JMO.

 

BMAP is the best function

 

My morning routine
1) Type WEIF (World Equity Index Futures) on monitor 1
2) Check Msgs on Monitor 2
3) Type BBT and/or USSW to replace WEIF on Monitor 1
4) Go to Monitor 4 and type NW2 (my preferred NW Screen) and turn the volume up so that I can listen to BBerg TV which I have set up on NW2
5) NL on Monitor 3 (I have multiple Launchpad Monitors set up for my sector coverage so I just scroll through NL to view company news updates on each Monitor).
6) Check emails & Schedule in outlook
7) TOP on Monitor 3 followed by TOP CON
8) Check in with PM's and give updates from companies and/or published research

 

I've never used this. I don't have much use for it with my coverage universe but it is definitely awesome.

 

this literally might as well be typed in chinese

 

so got the ring, got it at 0% over 6 months so i can fanaggle some stocks, if need be.

i am big time in INTC and MSFT and will likely have to sell my position in one by the end of the month, and the other probably by the end of june.

i am up 25% in both and dont really care at this point, but in the interest of greed i am asking TMB investors to figure out which i should sell now and which i should hold off for a few more months. both look very strong at the moment as holds

thx brahs

 

Get a job with a Bloomberg.

 

ahem

 

They both look great from a technical standpoint. I struggle to find a reason to sell either at this point in time

Selling INTC and riding MSFT into the 8 release would be my strategy considering your objective

 

thanks, thats what i was thinking anyway, plus MSFT raised its dividend recently to .20 which is 1 cent less than INTC's, so there is really no consideration on that

 

Me neither, but it is pretty cool that you can pull up any ship in the world and see how many people have fallen overboard and been killed by pirates.

 

lol swimfan getting married and he's not even out college yet.

Also check out GiB. Was in the $14-16 18 months ago, now it's at 21.6

 

say hypothetically i've got around 10 grand sitting in the checking account doing nothing. what's a medium risk short term strategy? or should I look into longer term stuff like money market accounts?