that's what i'm wondering. i'm reading it as $200k+ earned income (not sure if that's the right term) which wouldn't impact many retirees ...
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
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
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.
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.
any opinions on how high it gets? my basis is low and i'm planning to hold long term, is it a good buy still in the low 40s IYO?
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.
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.
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?
thread icon change? and on a separate note i just figured out how to find book value on bloomberg ... any other tricks i need to know?
FA = financial analysis? i think my path was ticker + equity then some mouse clicks in the 'financial analysis' section. but i will do that from now on
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.
guys that follow pharms what sites are you hawkin for drug trials ... just fda.gov or something? i will give that a whirl tommorrow. we have a rep coming down to do a tutorial in a week, also some time blocked off to do a bloomberg U thing. when i did equities we had two terminals for the 80 people or so that did stock trades, really only used it to look up analyst ratings. for quotes and simple shit we had thomson-reuters. now with the fixed income side we seem to use it on every transaction. i am familiar with DES (though i guess can be used w/ equities too), FIT, PFD, and some other shit, but it's just nice having the terminal right at my desk so i can fuck around with it whenever i want
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.
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
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
RV is some good shit Rabid, furthered my beliefs that PFE & JPM are pretty good values atm. did discourage me a bit though with MRVL (already trading at a higher multiple to book than others in the sector, also noticed their sales were down 6%). BAC is just play on prices (bought @ $5.62)
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
200 pt day and no posts? JPM up 7% on news of a dividend increase plus a $15 bil stock buy back PFE also up 2%. swapped my MRVL shares for more BAC yesterday, felt risky at the time but looking at my "charts" $8ish seemed like a good price to get in. got a feeling we could be in for a big rally, the stress test announcements were a big step IMO and coupling that with good job reports, could be many up days ahead ...
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?