" I sometimes think he has a hidden agenda."
Mainly self-promotion, but I will give him his due. I listen to some of what he has to say most days as well as watching Fast Money and other such fare. Markets are driven by sentiment, whether logical or not, so all of these guys do provide some insight. I've made (and lost) money buying into what they say ... just as long as you filter out all the sound effects, the jumping around and the hoopla, it's all worth taking into consideration. He's obviously made a lot of money along the way, but he still is sometimes just as foolish as the rest of us.
Yes, at one time or another he's made a buy. sell or hold recommendation on every stock or market index out there. Except for a few calculated displays of modesty, he can never be wrong. It's just a matter of cherry picking the prediction that fits the result and ignoring the others.
What's "amazing" is that all the dweebs calling in for advice during his shows all gush and praise him. No one ever manages to get through who's allowed to rip him to shreds.Maybe his often mentioned charitable trust should dispense reparations to those who followed his advice and got hammered.
In another indepth analysis of fundamentals and technicals, Cramer announces:
Seadrill: "You can't touch Seadrill. I say this because my Charitable Trust owns Ensco, and it's one of the worst stocks I've ever bought in my life. It has now crushed me."
Thursday we were definitely not at an investible bottom in the market according to Dr. Cramer because his 15 point check list remained largely unchecked.
Friday, after the market rose and didn't sell off that much, we're suddenly at an investible bottom. Not much has changed from one day to the next, but Jimmy started checking off things on his list because it dawned on him the market might leave him in the dust. If things turn sour next week, the flip-flop prediction of things that already happened will undoubtedly continue. Bozo at his best.
According to Linn website
“Current expected natural gas production is hedged ~100% through 2017.
Current expected oil production hedge ~100% in 2014 and ~50% to 60% during 2015 – 2016”
Some of their hedging is in the form of puts so that they don’t lose totally if prices rise appreciably, but they’re in a good position for the present in this sell-off in large part attributable to Saudi cut throat pricing and big traders liquidating painful long positions.
I doubt Linn would opt to stop production. Shut down and start up costs would be prohibitive and I don't think many people think energy prices will not recover to some degree fairly soon. Some production may be killed off with companies than can't handle their debt load, but that would contribute to upward pressure on prices to the benefit of the survivors. OPEC is losing its influence but their strategies are still aimed at eventually reducing supply to provide price support.
Given the highly intelligent comments from the Debbie Downers, it sounds like a bottom should be in soon. Evidently Darwin's theory about removing the losers from the gene pool applies to the Chicken Littles in the stock market as well. Once all the knuckle-draggers waddle off the playing field, things will improve greatly.
You certainly seem to have a lot of time on your hands for posting nonsense. Does mom bring the cookies and milk down to the basement for you or do you sometimes emerge into the daylight to prove you can still wedge your way up up the stairs now that they removed the banister?
Many companies have stock available on existing shelf registrations without implying that it will be offered to the market immediately or ever, so the offering itself is not exactly old news.
A procedure that allows firms to file one registration statement covering several issues of the same security. SEC Rule 415, adopted in the 1980s, allows a corporation to comply with registration requirements up to two years prior to a public offering of securities. With the registration "on the shelf," the corporation, by simply updating regularly filed annual, quarterly, and related reports to the SEC, can go to the market as conditions become favorable with a minimum of administrative preparation and expense.
Great Yahoo traders always seem to announce their trades retrospectively. I'm sure if all the Pimco funds were up big you'd report how you bought in before it happened.
" I am not sure how you get that the fundamentals are good? "
If your neighborhood elementary school has an investment club, ask for their help.
"I would be surprised "
So you must be surprised, because it happened.
Fredriksen’s Hemen Holding Ltd. yesterday bought 2 million shares in the world’s biggest offshore-rig company by market value, boosting its stake to 115.1 million shares, or 23.34 percent of the total, Seadrill said in a statement. At yesterday’s closing price in New York, the acquisition would have cost $56.8 million.
The purchase shows Fredriksen’s commitment to Seadrill, his most valuable asset, after the company fell more than 20 percent in the past three weeks. The decline is due to a worsening rig market, risk that a $4.25 billion deal with Russia’s OAO Rosneft could fall through because of international sanctions, and the departure from Seadrill’s board of Fredriksen’s top adviser for two decades, Tor Olav Troeim.
Things will get better re: SDRL. Patience is required. The need to find oil and bring it to market isn't going away no matter the short-term issues.
"...some kind of moron in denial?"
Sounds like you're one angry moron loser who lashes out at anyone making money.
"...in uncertain times?"
As opposed to certain times? "Invest" in CDs if you want a certain result. Certainty rarely pays well.
And Cramer is telling people not to buy SDRL. That should be good for some upside in the price.
"North Atlantic and Rosneft rushed to sign five-year contracts for six offshore rigs at the end of July, just days before the European Union broadened sanctions against Russia to target its energy sector directly. Seadrill, which owns 70% of Hamilton, Bermuda-based North Atlantic, said at the time the contracts appeared not to be affected by the restrictions.
“We have to be open” to the possibility that the contracts could be in breach of existing sanctions, Seadrill chief financial officer Rune Magnus Lundetrae said in an interview in Oslo.
“It’s not game over yet. It’s terribly difficult to give a very good answer.”