Investing has no room for hatred. You must use your knowledge, experience and SENCES. In the case of ECA, it was easy, if it smells like S---, it is S---!
Same price for items at Home Depot, appliance stores, furniture stores etc. at the store you get a better experience, that is you can feel them and experience them. Like sitting on a sofa or chair. Way fair wont survive.
There is a real possibility that the Saudis are going to do exactly what they have said so far – in other words, that markets and prices will cut production, not Saudi Arabia and not OPEC. This is much more than a 5% tail risk. This is a 40% chance that this could really happen. Our data shows that most shale oil output in the three key shale regions (the Bakken, the Eagle Ford and the Permian) has a breakeven cost around $65/bbl. So if the market were to drive prices down to the point where it sees US output actually start to contract, we are potentially talking about Brent at $70 and WTI at $60-65.
If that were to occur, Societe Generale’s Irene Himona and team recommend “bottom fishing” in European oil majors. They explain why:
Adams Express Offers Generous Rewards For Mediocre Performance
Jul. 24, 2014 9:44 AM ET | About: The Adams Express Company (ADX), Includes: PEO
Disclosure: The author is long ADX, PEO, CET. (More...)
ADX seeks SEC permission to give as much as $60 million in company stock to its executives as performance incentives, in addition to salaries and other benefits.
The plan provides generous rewards for mediocre performance. Monkeys with darts could do about as well, and index ETFs are cheaper.
ADX offers investment myths, not facts, to support its proposal.
In a reasonably efficient market, it's a waste of the shareholders' money to pay superstar prices for Curious George-level performance.
It’s not clear there’s a buyer for Encana’s Deep Panuke development offshore Canada’s East Coast, one asset that’s not a natural fit for an onshore continental producer, he said. The fact that prices for Deep Panuke’s gas are tied to fluctuations in the weather also limits appetite for the asset, he said.
ADX will buy b#$%$ck sh#$%$res #$%$nd drive the price up #$%$rtifici#$%$lly. The price will drop #$%$fter ye#$%$r. But they will then get #$%$ bigger /fr#$%$ud bonus. W#$%$tch the discount r#$%$te drop #$%$s proof.
Low Oil Prices due to OPEC. Market share fight. Can ECA show DECENT EPS at $75 oil? Are they better off reducing output? Yes, most likely. At $16 and change ECA may be attractive. Then make 25% in one year to 18 months when price hits $20.