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Ship Finance International Limited Message Board

  • sid66tb sid66tb Sep 20, 2011 3:48 PM Flag

    Mark--- I know you have done very

    well with EVEP, but at current prices the risk seems far greater than potential gains...I have recently gotten into VNR at $26.45 and believe it has far more possibilities at these prices....note that EVEP is currently down$2.90 or 3.9% today while stocks like BBEP and VNR are holding their own......am happy for your gains and am respectfully inquiring if you intend to keep the stock indefinitely or have a sell price in mind.....Also not IVR is back to$15.85 but in all fairness the entire sector is weak although none of the other players in the sector are down 2.785 as is IVr......SFL down again but far more than FRO.....look like the QE3 you have been hoping for will not be forthcoming......I unloaded the balance of mu USB today at $24.42.....and happy about that also.....more pain to come...will not be adding any positions until DOw is again 10,500 or less.

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    • A couple of other thoughts...

      If there is significant crop loss that is weather related, farmers are generally reimbursed for planting expenses through gov't subsidized crop insurance. In Minnesota at least, the use of crop insurance tends to increase among farmers of higher income. besides, when's the last time you had a crop failure in your area?

      In Minnesota the ethanol boom started 20 years ago when oil was much lower. Producer payments from the state made it profitable. Now the generous federal payments make it quite lucrative for the corn growers. Then there are the mandates for blended fuel.

      Three gallons per bushel sounds a bit too generous, but the industry is getting more and more efficient as one would expect. There is a market for feed but you can only feed so much DDGS to a pig and don't think it is a large part of livestock diets in Minnesota. Cattlemen may use more where available. I'm not sure.

      Food stamps and school lunches are important but the money flows through the schools to the ag industry so it is an indirect subsidy.

      Are you saying tax dollars are not spent so farmers will limit production, set aside acreage or get a price? I'm not too sure about that.

      Land is expensive. The highest I have heard of in Minnesota is around 9 or 10 thousand an acre. I have no idea what the price is in Illinois or Indiana but it is no doubt higher. $300 sounds a little high, but if you take that, add costs to rent and buy equipment (which you can depreciate), you must be breaking even around 3 dollars a bushel? So if you harvest better than 200 bu per acre and sell it for 7-8 dollars a bushel, you are feeling no pain.

      But, the subsidy issue is not new. I also believe that ethanol fuel is a good thing. I do think the industry should shift to other crops and cellulosic (?) to make it. The market will probably drive it in that direction as soon as the politicians stop making the decisions.

      Finally, let me be clear I like the industry and most farmers. Further, what I lack in knowledge, I make up for with opinions. I am just angry about the price I have to pay for bacon.

      On another note, I have been trading in and out of SFL. It seems easy but I will probably get burned eventually. For now, it is great! I expect to be in SFL for some time.

    • staggman,
      I am not a farmer although my grandfather and my wife's father were. I also work with livestock producers in Minnesota. You will have a very hard time convincing them that the price of corn has not adversely affected their operations. Not to mention the price of bacon and eggs. Subsidies? That is mostly what the farm bill is about.

    • Well she was right about SFL falling from $19 while you are still wrong about your call for it seeing $30 not to mention your wrong call about Soros being convicted for insider trading.
      Soros Convicted of Insider Trading in France
      By Inga, on April 27th, 2009

      By Elizabeth Crum

      The telling of this story may seem past due, but it took the French courts over fifteen years to convict George Soros on insider trading charges. The 2002 conviction, upheld by France’s highest court in 2006, was based on Soros’ 1988 purchase of stakes in four state-owned companies based on confidential, insider information.

      As for the President, Jimmy Carter was a nuclear physicist and that didn't prevent him from presiding over one of the worst economic performances. Now you will probably try to pin Carter's performance on George Bush.

      Make Up the Facts

    • ..."Well Make Up the Facts, there you go again, making up the facts."...

      No B.S. made up marky, just the facts, unlike your redundant rehash of the French kangaroo courts wrong decesion. Your not even a paralegal and you're siding with a stupid court ruling. You can post all the links you want relative to the wrong court ruling especially when Soros wanted no part of the bank deal and said so but instead bought some stock after the fact for investment purposes. Now, as a rational thinking individual, you surely know that if Soros was convicted of "INSIDER TRADING" Yuk Yuk, he would be bared from trading any financials, stocks, options, etc. However, he was not barred anywhere in the world except by the French kangaroo court and went on to accumulate $14.2 BILLION. Hmmm, marky's run into a little dilema. With his insane desire to prove I'm wrong, he has resorted to lying about a bogus conviction. Yuk Yuk

      ...."Someone should really teach you how to google some info before you post it and make an idiot out of yourself.".....

      And soneone should teach you how to admit you're an idiot for belaboring a lost cause. If Soros was convicted of "INSIDER TRADING" why did the rest of the financial industry welcome Soros with open arms?? Yuk Yuk

      ....."Glass Steagall was repealed in 1999, when Bill Clinton was President, not in 2003 when Bush was President."......

      Dates make no difference here airhead. The bill was sponsored by Phil Gramm and John McCain and the Republican Party along with a strong push by the banks to enable them to make more money with depositer's funds and eventually pump out those toxic subprime mortgages that did our country in.

      Balderdash!! The banks wanted into the big money, i,e. selling stocks, derivitives, options etc. Right after the Republicans repealed the Glass act they went out and bought all the best brokerage firms and proceeded to package all those toxic CDO's that turned the world into a global recession.

      I agree with you that the repeal of Glass-Steagall was one of the factors that lead to the financial crisis, but as many books have pointed out, there were many factors, including inadequate regulation of the investment banks .

      Forget all that B.S. It was your buddies Gramm-McCain and the banks who caused the calamity.

      I always try to call posters on their claims that they always make a profit, just as I call you out on all your idiot political posts and your investment strategy of being invested in 1 stock that all financial advisors would say violates all the principles of diversification.

      You and your so called experts aren't pulling in a 5 digit dividend every 3 months which will last at least 11-12 years or until all the oil dries up. Yuk Yuk.

      ...."You're obviously very afraid of dissenting opinions and probably very lonely and angry which explains your diatribes."....

      Only when it comes from intelligent individuals who know what they're talking about, not stubborn lame brain nincompoops like you. Yuk Yuk

      marklibera

    • Well Make Up the Facts, there you go again, making up the facts. Someone should really teach you how to google some info before you post it and make an idiot out of yourself.

      Glass Steagall was repealed in 1999, when Bill Clinton was President, not in 2003 when Bush was President. See http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act. Most people remember that the main driver for repealing Glass Steagall was to get the Citigroup/Travelers merger completed, which couldn't be accomplished without repeal of this statute because Citigroup owned a bank and Travelers owned Salomon Smith Barney, an investment bank. And who was Clinton's secretary of Treasury and where did he go work after Treasury --- that would be Robert Rubin and he was rewarded by being named Chairman of Citigroup, where he watched that company nearly blow up the banking sector. But it's just so much easier to blame Bush for everything.

      I agree with you that the repeal of Glass-Steagall was one of the factors that lead to the financial crisis, but as many books have pointed out, there were many factors, including inadequate regulation of the investment banks who were "overseen" by the Federal Reserve Bank of NY whose President, was none other than current Treasury Secretary Geitner. Another factor was the defeat of an attempt to regulate derivatives which was lead by Rubin, Greenspan, Summers and Gensler. And of course, the housing bubble would not have gotten nearly as large without Fannie Mae, whose CEO was Clinton's Director of OMB and who was held responsible for helping Fannie cook its books as Barney Frank said that he was willing to "roll the dice with Fannie." So as much as you try to make the financial crisis out as a Bush crisis, the facts tell us that there were many crony capitalists, including your current favorite Jeff Immelt from GE from both sides of the political spectrum who contributed to the policies that produced this crisis.

      I always try to call posters on their claims that they always make a profit, just as I call you out on all your idiot political posts and your investment strategy of being invested in 1 stock that all financial advisors would say violates all the principles of diversification.

      Soros Conviction for Insider Trading Upheld in French Court
      By Marc Morano
      July 7, 2008
      Subscribe to Marc Morano's posts


      You're obviously very afraid of dissenting opinions and probably very lonely and angry which explains your diatribes.

      Make Up the Facts

    • k-bon...High oil prices are raising food prices, not corn, because high oil prices and crop failures around the world are increasing the price to produce all grain crops...high oil prices are main driver of food inflation around the world and ethanol helps hold it down...food inflation has been about 30% a year and oil prices have been increasing about the same...

      Without high oil prices there would not be a demand for ethanol...U.S. refineries do not have enough capacity to produce the amount of fuel this country needs...that is why our government pays the refineries about forty eight cents a gallon to blend it it...there is abetter chance that corn prices will retreat before oil prices do...

      One bu. of corn produces three gallon of ethanol and there is still about thirty lbs. of high protein tailings to feed to livestock...the starch and sugar is removed and the protein value increases in the tailings...in 2010 there was over thirteen billion gallons of ethanol blended in the U.S. (I do not have the current data for 2011)...where would we get another thirteen billion gallons of fuel if we did not blend ethanol...?

      What crop subsidies...? About 75% of the current farm program is for school lunches and food stamps...money made at home should stay at home, not in the Mid-East or elsewhere...oil companies are the ones against ethanol, because it helps hold the cost of oil down...

      More, all government programs in this country recirculate money here and not overseas...the Harvard Business School Model does not work, if it did, we would not be in the mess we are in now...

      All of the shot-callers in Washington "are owned by the same corporations" that are sending our good paying jobs and money overseas...we are becoming a third world country and they are brainwashing people into thinking it is O.K.

      I am a farmer and if there are any crop subsidies I wish somebody would show them to me...because I sure could use some...it cost me over $300.00 an acre to grow and harvest a corn crop and that does not include the cost of land, equipment or labor...

      I think it's funny, people think that I should sell my grain crops cheap but they don't want to ride the city bus or a moped so other people can eat cheaper...foreign countries don't want to buy our grain, they want us to give it to them....!

      I am O.K. with all types of energy except nuclear (it just not worth the risk)...natural gas is great, bring it on...but remember that natural gas must be turn into a liquid to be use in vehicles and that is not a cheap process either...!

    • ...."Amen! 5 minutes ago Not just this subsidy but many others/various pork projects etc..........in 14 months THINGS WILL BE DIFFERENT!"....

      sid66tb

      Well lookie here, the worms partner in crime finally shows up after a long hiatus and gives us another of her fatal predictions. She hasn't been right yet on anything much less politics. Pray tell you loser, who might be the unlucky right winger going up against a President who has more intelligence in his little finger than the rest of those lame Republican candidates combined.

      Your "Amen" notwithstanding, doofus, KEEP THAT ETHANOL FLOWING. LESS MONEY GOING TO THE ARABS, STUPID AND LESS FRUCTOSE GOING TO THE WASTE OF AMERICAS GROWING OBESITY. Ahem, sid, what's your present waistline coming in at now? I bet you're into the extra large bloomers. Yuk Yuk

    • Not just this subsidy but many others/various pork projects etc..........in 14 months THINGS WILL BE DIFFERENT!

    • staggman,

      Sorry, so much corn going to ethanol is not a good thing. 30 percent of the nation's corn crop is causing hardship among livestock producers and raising food prices. the country should concentrate on increasing natural gas as an energy source. Federal crop subsidies are long overdue to be eliminated.

    • ..."Re: FORGET ABOUT OBAMA AND bERNANKE..... 24-Sep-11 12:08 pm ....."Mark, I have long suspected they are the same person."...

      Of course you would allnuts because your meager mentality prevents you from thinking rationally. It's awfully strange that when you need to voice an opinion it's always thru one of your many aliases you hide behind.

      allnightdat...(the worm)

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SFL
17.78+0.02(+0.11%)Apr 24 4:01 PMEDT

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