Buying opportunity, I got in. Last time oil dropped around 56.80, it went on a 4 day bull run. Energy (-1.3%) struggled amid daylong weakness in crude oil that sent the energy component to levels not seen since late May. WTI crude settled lower by 4.2% at $56.94/bbl with greenback strength contributing to the move as the Dollar Index (96.25, +0.76) rose 0.8%.
In an earlier sign that the talks are serious, negotiators for Dish and T-Mobile already agreed Mr. Ergen would be the combined company's chairman, while T-Mobile CEO John Legere would be CEO, The Wall Street Journal reported last week.
But many parties have to come into alignment before a deal can come to fruition. One of them is Deutsche Telekom, which owns 66% of T-Mobile. The German operator has for years been seeking a deal to combine T-Mobile with another company.
Under Mr. Legere, T-Mobile has transformed itself from the weakling of the wireless industry into its fastest-growing national carrier. Deutsche Telekom is likely to insist on an adequate price given that progress, and may be happy to let T-Mobile remain independent and potentially become more valuable, one of the people said. Together with Mr. Ergen's reputation for tough negotiating, that could make it difficult for the two sides ultimately to come to an agreement, the person cautioned.
A deal for T-Mobile that involved about $14 billion in cash and the rest stock could in theory leave Deutsche Telekom with a stake of around 27% in the combined company, according to an analysis done for the Journal by Moody's Investors Service analyst Neil Begley. A buyout of T-Mobile by Dish could ultimately require a more expansive financing package given that $20 billion of the wireless carrier's debt could come due in theevent of a change in control that causes its credit rating to fall, Mr. Begley said.
Dish Networks in Talks with Banks About Funding T-Mobile Bid -- Update
5:10 pm ET June 11, 2015 (Dow Jones) Print
By Dana Cimilluca, Ryan Knutson, Gillian Tan and Shalini Ramachandran
Dish Network Corp. is in talks with banks about funding a bid for T-Mobile U.S. Inc. that would include as much as $15 billion in cash, in the latest sign the takeover effort is progressing.
Dish is considering borrowing between $10 billion and $15 billion for the cash portion of a bid that would primarily be comprised of its stock, according to people familiar with the matter. The two sides are discussing a deal that would leave Deutsche Telekom AG, which controls T-Mobile, with a big minority stake in a combined company, the people said.
A deal agreement between Dish and T-Mobile isn't imminent, and it is possible there won't be one, the people cautioned. It is unclear how much Dish is considering paying for T-Mobile, which has a market value of $31 billion and is the nation's fourth-largest cellphone carrier. Dish, the country's second-largest satellite-television provider, has a market value of $34 billion.
Still, Dish's discussions with banks, and the fact that the structure of any bid is coming into focus, are a sign that the company and its unpredictable chief executive, Charlie Ergen, are moving closer to potentially buying T-Mobile after years of aborted attempts to strike a big wireless or satellite deal. Dish has consistently expressed interest in entering the wireless industry and has been amassing licenses to use wireless airwaves that a network like T-Mobile's would enable it to put to use.
Should the two sides manage to strike an agreement--and regulators and shareholders sign off--it would accelerate a wave of consolidation across the U.S. media and communications industries as companies scramble to adapt to new online offerings and keep up with rivals.
In an earlier sign that the talks are serious, negotiators for Dish and T-Mobile already agreed Mr. E
The Wall Street Journal
By Miriam Gottfried
Updated June 11, 2015 5:12 p.m. ET
Dish Network may be in the satellite-TV business. But to Wall Street, it is increasingly a holding company for wireless airwaves.
That perception is important as Dish talks with T-Mobile US about a possible tie-up. Dish is lining up bankfunding to borrow $10 billion to $15 billion for a deal, The Wall Street Journal reported Thursday.
Differing opinions over the value of Dish’s spectrum shouldn’t stand in the way of a deal with T-Mobile.
Funny they haven`t been right for years!
Goldman Sachs (NYSE:GS) slashed its crude oil price forecasts for 2016 to 2020, citing improved U.S. shale efficiency meeting global oil demand, coupled with unimpeded OPEC productivity.
However, the U.S. investment bank, in a note published on Saturday, raised its view of the average 2015 Brent price to $58 per barrel from its earlier forecast of $52 and lifted its outlook for the average WTI price to $52 per barrel from $48
The bank assumes a $5 per barrel Brent-WTI spread through 2016-2020, consistent with transportation economics.
On May 12, the U.S. investment bank had cautioned that the recent rally in oil prices was 'premature,' and a sequential weakening of prices was required for the rebalancing of the market to resume.
Oil prices have recovered this year, after sharp falls prior to 2015. Benchmark Brent crude oil futures hasrallied about 12 percent since the beginning of the year, and are up by about 40 percent from their 2015 low.
Sentiment: Strong Buy
Depomed (DEPO) has given back a good chunk of today's 2015 stock pop with today's 15% post-1Q selloff, but Janney doesn't seem worried about the weaker-than-expected results. It implores investors to "ignore the noise and look to the future" as it moves the biopharma to buy and sets its fair-value estimate at $25.50. "We fully believe that the current market movement is an emotional overreaction." DEPO is in the pain-medication space in last month buying the US rights to J&J's (JNJ) Nucynta, which has sub-2% maket share. Still, it brought in $176M in 1Q, and Janney sees sales rising further. DEPO, even with today's decline to a nearly 3-month low, is up 29% this year as it sits at $20.75.
I don`t know what your actually referring to but so be it, i`ll address the fact that I bought 5000 trading shares at $2.53 and that I post what I find around the net here to help others. This is a trading vehicle play nothing more. GL
March 9th - March 15th: Much more seasonable temperatures will cover the US this week, with only the northeastern US experiencing chilly temperatures at times, especially as a glancing blow of colder Canadian air sweep through Thursday into Friday. A weather system over Texas will drift into the Southeast as the week progresses, finally tracking north into the Northeast with rain and snow this weekend. The West will remain mildand mostly dry throughout. Heating demand will be mainly MODERATE this week with more typical March temperatures, although some regions will be LOW.
Current Annualized Cost 14.88%
Annualized Cost 1 Week Previous 17.50%
Historical 03/06 5YR Annualized Roll 23.23%
CONTANGO WATCH: Natural gas' contango narrowed a bit.
ROLL COSTS: It costs investors 14.88 percent annualized to roll front-month natural gas contracts.
BOTTOM LINE: Contango
Winter draws to an end and analysts have warned that prices are vulnerable in the near term as the colest part of the winter has effectively passed and below normal temperatures in March mean less than they do in January and February, not the weather has played much of a role this year!
You buy it in here AH`s for a bounce and gap fill tomorrow. Seems only good for a flip day trade now. My utility wants to raise the price 18%-25% and i`m sure the state will give it to them.
If NG futures can not hold above $2.70 resistance today then the bears still have the ball. Game on!
March 1st - March 7th: The eastern US will warm the next few days ahead of another strong Arctic cold blast that will sweep across the US as the week progresses. This will bring several days of very strong heating demand. There will also be showers and strong thunderstorms along the cold front as it sweeps across the southern and eastern US, along with some snowfall into the colder air. Temperatures will begin thawing this coming weekend as high pressure strengthens, which will ease heating demand.
Is it finally time to buy natural gas?
Natural gas can be a great market to trade this time of year. Hurricane season is still months away, and with U.S. gas demand met almost entirely from domestic production, the market is somewhat insulated from geopolitical events. This allows the market to take price direction almost exclusively from core supply/demand fundamentals.
There is no shortage of natural gas at the retail level right now. In fact, nat-gas prices plunging by 40% since the December highs indicate one thing: The market believes supplies are more than adequate to meet demand needs for the rest of heating season.
Yet, investors not familiar with the demand cycles of energies may find it curious that supplies are now at their lowest levels of the year. How can this be? Doesn't low supply mean higher prices?
The answer is, yes and no. For low supply means little, if demand is lower.The natural-gas demand cycle
In the futures markets, commodities take their price cues from demand at the wholesale level. And while retail demand for natural gas may be highest in winter, March wholesale demand is virtually nil.
This is because wholesalers (or distributors), spend the months leading up to demand season building their inventories. This means buying it from producers. Socking away inventories means rising demand at the wholesale level. This often serves as a bullish influence to prices.
U.S. natural gas futures ended Friday's session close to a two-week low, as extended forecasts called for warmer weather across the majority of the U.S. in the second week of March.
On the New York Mercantile Exchange, natural gas for delivery in April fell to $2.684 per million British thermal units, the lowest level since February 13, before ending at $2.711 by close of trade, up 1.4 cents, or 0.52%.
Futures were likely to find support at $2.680 per million British thermal units, the low from February 13, and resistance at $2.888, the high from February 26.
Bearish speculators are betting on the warm weather reducing late-winter demand for the heating fuel.
The heating season from November through March is the peak demand period for U.S. gas consumption.
On Thursday, natural gas plummeted 16.5 cents, or 5.77%, after data showed that U.S. natural gas supplies fell less than expected last week, underlining concerns over weak demand.
Natural gas storage in the U.S. declined by 219 billion cubic feet last week, compared to expectations for a decline of 241 billion.
The five-year average change for the week is a decline of 131 billion cubic feet, while supplies fell by 117 billion the same time last year.
Total U.S. natural gas storage stood at 1.938 trillion cubic feet, 1.5% below the five-year average for this time of year.
Last spring, supplies were 55% below the five-year average, indicating producers have more than made up for last winter’s unusually strong demand.
For the week, Nymex natural gas prices tumbled 27.5 cents, or 8.8%, the first weekly loss in three weeks. Futures ended February with a gain of 0.87%, halting four straight monthly declines.
If you had a level 4 trading system you would see the tades differently. I`m able to see the actual full form trade buy.sell or split trade and this last one was sold by an MM to someone. T form ticket :16:14:27pm buy 2.6011 2200000 NDD