WSJ article yesterday said Buffett covets PSX's midstream assets rather than any downstream business.
HERO will be delisted Sept 7 but not emerge from Chapter 11 until November. Pink sheets, here we come. Answering venice's question, HERO must apply for relisting, which typically occurs within a week or two following emergence from Chapter 11.
When I read your message an old Nat King Cole tune came to mind. Ramble on, ramble on (from "Ramblin' Rose").
Didn't you see CNBC's Sue Herrera on all the NBC News broadcasts over the weekend? She said the market slide would continue Monday morning before recovering. Can't be just a coincidence, because she is just a fat, ignorant journalist and hedge fund mouthpiece.
It was a market-wide event at the open. CNBC kept telling us over the weekend what would happen exactly as it did. Hedge funds stealing from retail investors - again.
Your opinion is not worth much, since you don't seem to have a clue which way crude or the share price are headed, based on your posts over time..
Two weeks ago you were loading up and waiting for $50 around the corner. Make up your mind or keep losing money.
Most large scale E&P companies do not hedge their production. That's for small fry needing to reassure bankers loans will be repaid.
Although I didn't bring up the topic, here you go, polemid, pfortyseven or whatever your other alias is/was.. Haven't seen you around here much, but then neither have I been.
You don't have to apologize for message board bullies for asking questions.
Apart from fundamentals, refiner stocks tend to run in the fall and winter as turnaround activity reduces capacity, supporting pump prices and protecting margins.
Check your source. The debt was $3.5B to all energy companies as of June 30, with Egypt intending to reduce that amount to $2.9B by the end of this month and fully repay energy company debts by the end of 2016. APA' receivables totaled $1.6B on June 30. Based on history, I would venture a guess less than half that amount is owed by Egypt.
Where did you hear such rumors? APA looked at Prudhoe Bay five years ago and walked away. Price was too high, as I recall. Does fit North American onshore focus and the price may be right at today's reserve values, but please, how would they pay for it? The last thing APA needs now is more debt or dilution to pay for a large acquisition. Would APA sell ROW assets or partner with private equity?
Adam Parker of Morgan Stanley sees an oil price recovery beginning in September-October timeframe.
TSO is up $3.80 in afternoon trade as I type. Appears VLO shareholders are the only victims of success among the refiners this quarter.
Maybe we can get an upgrade or two from the analysts offering congratulations on the conference call.
Why did you figure oil would be higher? Summer driving season is coming to an end, and refineries can't continue running at 95% indefinitely. When they reduce their run rates, crude inventories will swell.
Maybe it's one of those Yahoo! glitches. I observed other message topics this morning that have since disappeared. Maybe, if we're lucky, your message will disappear, too. Sorry to be snarky, but is calling out a guy for changing his mind necessary? As the referenced Jim Cramer says, "When the facts change, I change my mind."