Yep! Your right, I don't sleep well at night. My fear is oil spills from the older decaying infrastructures that are bursting at the seams
How come the other big Banks aren't living in the same world ?
More why the 1-4 reverse split ?
Big nut to pay ?
Earnings may be cut, because of cost ?
Hang in tuff and ride the expenses to have future equity.
Why did the director of the board resign ? I can understand retire .
Did they pay too much for SAMCO ?
REALITY NEWS: Saudi Arabia, Russia and Lukoil are INCREASING PRODUCTION.
I can understand selling the oil as fast as possible and then capping the wells, sending the workers home, sitting on the equity and maybe even taking a loan out or selling off chucks of the investment.
But, falling further into storage debt, reminds me of all the people that lose there home and end up paying for the storing their goods, which later are auctioned off because of the storage bills adding up each month.
North Atlantic Drilling has to make acquisitions and take the hit to survive.
But, Russian propaganda is blaming America for all it's woo's better to stay clear of Rosneft.
Hang in there, more cheaper produced oil to increase the glut.
An acquisition with a VERY large Russian company that has many Russian owning shares, with little to no foreign STOCKHOLDERS owning shares, is a white knight.
Such a company could purchase CTCM and possibly maintain the 20% foreign ownership.
Why should any Russian owned company pay so much ? Let it fall further.
When and IF this happens and they buy you OUT, you will get pennies back for the dollars you put in.
CTCM could B/K the company and reorganize with a tax write off and say bye/ bye to the foreigners.
"This ain't Kanas Dorothy". Your dealing with Mad Russians, that are blaming all there woo's on America.
DUH DUMMY !
Ownership YO/YO are the people that own the stock.
CTCM is a Russian company with over 80% foreign ownership.
DUH ! Hang in there for the big one, K Y.
Whoever buy this company still has to deal with the mass media law.
So what is there to gain ?
Only if they can buy at a DIRT price cheaper then it is now.
Or the company absorb 80% Russian ownership into the stock through acquisitions.
It should be interesting to see the stock price on March 17.
You got to realize, on average the oil and gas industry has already declined over 50% in the past few months.
These losses should show up in the first quarter of this year.
ARE YOU READY FOR THE LOSE ?
And Russia and China know it well and are gearing up their own banking structures.
In order to eliminate the Central Banks and the IMF control over the worlds monetary system, which is based on faith. theirs (Russia and China) will be based on Rubles per barrel of oil.
This could start world war III or let's make a deal.
With the nuclear threat looming and banking sanctions, Russia with all it's VAST resources and declining population, has been pushed towards this plan.
Did the stress test take these occurring and future profit loses into account ? On average the oil industry has taken a 50% haircut these past few months.
My research shows that the stress test took into account a possible 25% OVERALL stock market decline.
These oil and gas industry loses should show up next quarter.
It ceases to amaze me that BAC along with the other Big Central Banks are not talking about their profit losses occurring in the oil and gas industries. Wells are being capped, along with unexpected lower profits margins.
Maybe next quarter ? Did the stress test include these factors?
Think again. Better yet check out their stock ownership and loaning finances.
Goldman Sachs foreign oil ownership and loans are one of the biggest and growing larger.
Hey ! The third world does it cheaper and they are selling their oil and staying in business. The U.S oil, with higher production cost are being capped and losing business.
Cap the wells and the flow shall stop !
Put a cork on it ! Cramer also said he was not recommending NAT.
WHY PAY for, increased storage prices, in this over supplied, demand reduced market as the barrel of oil keeps going lower in price, verse, shutting off the spigots.
What could happen is, Cheaper Mid/East production will increase and help the transportation carriers, which will increase the tanker rates and demand. It all comes down to production cost. The oil in the Mid /East is nearly bursting from the ground and the two dollar a day workers are a dine a dozen and every where to be found.
WHAT'S THE DIFFERENCE?
Sentiment: Strong Sell
Did you ever fell you were living in a false economy?
Sentiment: Strong Sell