We have all been though this before, the fields will stay open, in-field drilling, work over - everyone will retrench for a year or so, and then it will start all over again. I will be buying all these oil services companies and make a killing in mid 2015 - just like the 80's the 90 early 2000 and 2008. By 1st quarter, the price will be back to the 70-80 range as the Saudi's slowly cut back on production. Do not panic -
I saw the dividen cut coming (a few other are also coming), sold at a break even (excluding - Dividends) - started buying at 5.80 - got my 5K shares and will add another 5k if it drops more/or stabilize - I am here for the Divy, if it grows the better, if not ok.
I agree - now, how much, with a 28 PE and Cities (Chicgo/NY) and States (NY/CA) talking about banning the drinks is the company worth - until such is visable then a transaction will not happen - currently, KO distributes MNST drinks - so what risk does KO want to make the stuff
S&P Capital IQ Cuts Monster Beverage (MNST) to Sell today (2/15) with a $45 price
Disney and there main street media screwed our country, my wife and all her friends have cancelled their annual Disney Land pilgrimage. They are probably not the only ones – I would not invest in Disney or any of the Main Street Media, what they did will not be forgotten
Sentiment: Strong Sell
There is as much oil in California and offshore California as in Texas - Buy the people in california do not want to let anyone get it.
I agreem with the idea, I am a long term holder (Was a big sharehold of Unocal in Retirement and then became a fine Chevron stock holder) - I do believe that there intent was to split, but because of the state the world is in, and with the Obama attacks on bid oil, I do not believe they will risk it until all calms down.
It will not split - while the world is in the crapper, the market could drop 50-70% anytime something unusual happens in the world - I do not believe that with this high risk - they will not chance it till all is ok (3-5 years from now)
Oil prices are not going to stop oil field infrastructure build-out, because the oil companys (State owned or Puplic owned) base capital projects on long-term estimates of the price of crude, not short term price swings. There will be plenty of new business booked on the Oil & Gas side. So as in past cycles, a rapid drop in projects is unlikely to occur, because projects are taken under the assumption that $40 or $60 crude will be realized on average. As the commodity prices slide, costs for steel and other product will decrease, making the projects ROI and NPV better, therefore the Chevrons/Exxons will try to lock up those prices to bring the next fields on-line. It takes 3 to 7 years to bring on a new field - you just can't stop/start these type of projects. (for example - the project I am currently working on is around 7 billon dollars and first oil is scheduled for 2012)
Hi size2, you still around,
By the way, did McDermott not have to put Babcock & Wilcox into chapter 7/11 late last year do to all this shit.
I have been to Myannmar ( Burma ) a few times
when I was with Unocal. ( Recently Redeployed -I guess
I was no longer of value to the strange Company -
now working for an Oil Service Company with better
working conditions, but thats another story)
Unocal does not used slave labor - well, defacto they
do, because they pay the employees nothing, if they
do not work, then the Gov't troops/police will make
them work. ( They have got schedules you know ) If
they still don't, they disappear and you never see
them again. ( I guess they just send them home - yea
Like all companies, they will use all
the countries good benefits ( Cheap - some what
forced labor ) to make a buck. Yes, they do that in all
the countries they work in, Myannmar is no different.
Good Ole Roger, Ling, Willamson and the other idiots
that run ( badly ) this company know and laugh at
The companies ethic's,
well, they will use employees out of Singapore, India,
and Jakarta (British/Aussy/French)employees to run
these employees because most americans will come over
here an say this is not right. These TCN's ( Third
county nationals ) will work for high dollars in this
shitty system, keep there mouths shut and get the job
done and smile all the way to the bank, and use the
shit hole that Unocal puts on them, and never try to
improve the lives of the nationals.
You win, yes, Beach is a nice Guy. Yes, these "
Nice " men have effectively destroyed the company we
once loved. No, I am not a Neophyte investor - I do
understand both the Oil Industry and the Financial Markets.
Yes, I am a Unocal employee and in the last 20 years,
I have watched these Nice Men destroy this once
fine company. They hire consultants upon consultants
to make their decisions for them. Every year they
cut costs but in doing so, they cost the company
there future, and cause greaater loss in dollars due to
waste and fraud and abuse by all ( Staff, Contractor,
vendors ) trying to get a piece before it dies.
Am I bitter, No, Unocal has treated me well and I
will work my ass of for them until I fall into there
cost saving areas ( Maybe in a few weeks )
Lastly, Selling all non core E&P assets ( This is bull
shit ) they keep selling assets to keep the company a
float - very little left.
I keep hearing that
Beach should go.. He owns the board, they will never
fire him, and if the did, who in the company is
better, ( Ding Ling or Chucky) Dumb or Dumber.
a Non Neophyte investor, I doubt that Unocal has a
future - and besides, what the heck is the looming oil
shortage - You better study up on what you dont know
before trying to lecture us on the future possibilies.
Regards, Good Investing.