My friend works in the data department did anyone know they use computers so old their program language is call Natural. This company is a joke. There are so many redundancies written into their database for steel making design this company is using obsolete technology. The people are working there to retire. They do not want management to know that they could all be replaced with one new computer.
picking individual stocks can be tricky .. etf's probably best way to go ..
i believe that the Saudis , not OPEC , are working with the US to
1) bust the daylights out of Russia 2) make it unprofitable for "gangs"
stealing oil and selling on black market .. ISIL is doing this and so
are Mexican gangs ...
More like 3 months; republicans take over January 2015; the KPL will be pushed by the republicans and hyped by the media and it's benefits, including for the steel industry, will be debated every day. The KPL will only be a small piece of the push for renewed infrastructure. Sooner or later commodities will turn around and have a long upward run.
I thought the same downward motion you mention would happen "if" OPEC made the decision they eventually made but did not want to miss out otherwise. So I have a small position in XOP at $59 and plan to double down toward $40 to $50. The reason I chose XOP is because it's an ETF with just US holdings and the small ones which go under will be absorbed by the bigger ones within the same ETF. Sort of like a loss-win situation with the win part being bigger in the long run. My position in MT is also small at $15 and I would like to get more if it goes below $10. Happy Holidays.
i gotcha .. i just think that the "disturbance" in the oil / gas sector has a ways to run and
lower prices will be available , not to mention that it may be easier to spot those
companies headed for the scrap heap ..
bear in mind , that with each company that goes bust someone will buy them and thus
secure a lot of cheap equipment , instead of buying it ...
current "disruption" of the energy patch is not a glitch .. it's major , of course some
companies are going to emerge stronger than ever , but i don't think that any of
can id those at this time .. i'm biding my time
Growth will happen so pipelines, rails and infrastructure will happen too. I am buying during the mess while commodities are down, not after. Time will eventually put this mess in the past and commodities will be up in the future. My original post was just shared information put there out of boredom.
So until that side story is over, I would wait for the smoke to clear,, but have faith because the real story will be confirmed ocean levels rising causing worldwide chaos along every beach front real estate.. Those $ world bankers will make us rich someday like it or not!
you got some canudes posting this ... big threat to idle drilling rigs , reduce exploration and such ...
oil/gas doesn't look like a big steel buying sector until the energy mess clears up ..
lotta ships in dry dock too ...
NOW , if we get something out of DC and state capitals to finally engage with infrastructure , it will be
a new race .. garce
i need 24 more under 12 to break even next trade! lmfao rofl.. maybe I'll buy that wool beanie cap i have in my shopping cart! What do they call them caps again? The Israeli folks wear on their heads? I want a wool one for winter!
No Keystone announcements for another 3 years. President has been directed by Party to veto it.
Shareholders wont see past $13 for another decade due to over production and the inability of mill owners to fess up to their stupid buying spree and over production.
WOW Went to Welspun LR to see media information on what you posted but found none,, Where did you get this info from. Thanks
Coal Ministry has said that Coal India Ltd has maintained it has potential for incremental supplies which cannot be transported in the absence of rail connectivity to transport the dry-fuel. The three rail corridors being fast-tracked are: Tori-Shivpuri-Kathotia in North Karanpura, Jharkhand; Bhupdeopur-Korichhaapar to Mand Raigadh mines in Chhattisgarh and Barpali-Jharsuguda in IB Valley, Odisha.
Don't know how much steel is needed or who will supply.
1179 miles of 36-inch-diameter steel pipe; 821,000 tons. Pipe mills are 50% Welspun (USA); 24% Evraz (Canada); 16% Ilva (Italy); 10% Welspun (India). Another 35,000 tons of steel needed for pipe, terminals and pump stations.