When in doubt..safest to stay out...but I'm watching for the cause.
It could get pretty nasty, high oil is good for WPRT outlook but with the US and European economies being fairly precarious...it could get ugly for the overall macro markets. There's just not a whole lot of breathing room for the average Joe's consumer wallet. I think we had about a 25 cent bump in gasoline here locally over the weekend...this will bite into the consumer both in real terms and just as importantly in sentiment. People tend to hold back on purchasing when there is doubt going forward. I sold some non-energy stocks this morning..just to build my cash levels higher for what I think might occur which is a substantial sell-off in the broad market in the near future. Never hurts to have cash. JMHO GLTA
luck to the longs...if we get a macro shake of the market..I'll be back.
1- Refuse to approve Keystone Pipeline...pipelines safest transport, Canada good ally
2- Drag feet in permitting "natgas to Liquid export facilities- none in operation
3- Provide 100 times greater tax incentives for solar- beneficiary =China who bought Solendra in bankruptcy and undercuts US solar panel costs.
4- Pass more stringent coal regulations...will again benefit China..who loves our coal
5- Basically nil new refineries built in the US and most US east coast refineries are set up to take water borne crude Brent /Middle-east oil
So Russia threatening to shut of natgas to Ukraine, but we can't yet export any, middle east turmoil again threatens supplies, but Keystone can't get approved to help us or our allies. I invested in oil stocks when Obama got elected because anytime an idealist attempts to destroy what they hate the most they inadvertently strengthen what they despise. Look at the share price of just about any oil company...:) I love your ridiculous policies = $$$$$$$
it looks like the putt will break about 2 inches to the right as it is into the grain. Results to follow.
just how much of a threat to national security the insurgents represent. As it is, just the threat has raised prices enough to have a marked impact.
Actually we left all kinds of weapons and equipment there..which the Iraqi troops quickly abandoned, not all the armored Hum Vee's being driven in the ISIS convoys. Of course Baghdadi was a prisoner who was released under Obama's authority although the commander of the US prison warned repeatedly of the danger he represented. Maybe Barry's next move should be to bring all troops home from S.Korea and see if their neighbor to the north would fill that void. Barry lives in a world of idealism....now he gets to see reality. He can blame himself for all the killings ISIS is carrying out at present...just a repeat of past atrocities...beheadings and mass killings....some policy you have there Barry.
natgas transition not only on the economics but also on availability concerns. The worse things get on oil, the better the outlook for natgas. This just reinforces the risk exposure to any companies using oil derived fuels. On the natgas side..because there has been no big push to get natgas exports going..the commodity remains pretty much landlocked to the US markets so no big threat to price increases which guarantees a rate of return. Anyone think oil will see $70 or $80 anytime soon or natgas +$5.50 or $6....so those numbers keep the economics pretty strong for conversion. JMHO GLTA
you're afraid that monthly check is gonna get cut-off ? You should be....you'll have to beg McDonald's for a position.
you certainly aren't one...at least the Bush's did serve..unlike you or your glorious icons Clinton and Obama.that is fact unlike your flapping lip rethoric.
Everything is heading towards total chaos over there and it is more apt to worsen....and generally the market takes a pessimistic view going forward. We could be seeing some seriously increased prices on oil. I don't suggest everyone is going to necessarily flock to the oil stocks...but conversely who in their right mind wouldn't want to be holding oil stocks...especially those with good balance sheets and strong growth clearly visible. This mornings news said at least one Iraq refinery has been damaged and if the insurgents do in-circle Baghdad and or attempt to take control of the oilfields..we could see some outrageous market reaction in oil prices. Bad news...close your eyes when you go to refuel...but :) we have a stock that can more than make-up for increased fuel costs. It is what it is. JMHO GLTA
LOL....apparently you don't know how to invest...gonna eat into your welfare check huh. Sorry but I'm an honorably discharged veteran....so I earned my political view. I could care less what the arabs do to each other. Both sides would cut your infidel head off in a heartbeat given the chance. Period.
you'll be able to bargain with the world powers. I appreciate your efforts as I am heavily invested in oil stocks. One mans misery is another mans gain. If you carbon haters hate oil now...wait until your next refuel, and the one after that and the one after that. By the way thanks for blocking the Keystone as that is just helping to run up prices....you may hate oil...but it's still what runs the world. $$$$$$$$$
Actually..if the populace does indeed desire to stay the course....the "DOOM" is for the existence of the country. The USA is over $17 trillion in debt and on a fiat currency...meaning just a promise...not backed by any underlying value. Our markets are being held up by the fed...so there is in all probability a collapse coming. So who loses in the end ? Does the populace dependent on "entitlements" surface as the victors or do the self providing, self responsible emerge victors. Rome believed they were indestructible and has almost every society that has collapsed. Personally...I think we have passed the point of no return meaning the ticks on the dog can't see how anemic their life-source has become...and not a single one will quick sucking the blood. I really don't think you need to waste wishes on no more GOP....the countries been dumbed down far enough and is nanny state enough that the end result is inevitable. :)
did what he wanted to do and still is doing in Ukraine, Iran's "Imanutjob" see's Barry's weakness and is being the first mover. They stymied him in Syria, Ukraine, and now Iraq....next up Afghanistan and Jordan. Nice to know we left behind plenty of advanced weapons for ISIL...nothing like having a better armed, younger Osama wanna-be. This will prove to be a disaster. Who by the way let Baghdadi get released ? Nope it wasn't GW.
ones there..now see it was all in vain. They all see Baghdadi heradled as the new and (worse version) of Osama, they all will be feeling higher fuel costs thanks to the mideast, no Keystone and of course the new coal rules will only kill 10's of 1,000's of jobs........yeah....there won't be anything to remind the folks of come election time. You can put all the lipstick on the pig you want....but it's a pig. However we did get "CHANGE"..LOL.
insurgent radicals abroad ?
is the following excerpt (Abraxas Petroleum revealed that it will allocate a considerable amount of the projected capital toward drilling operations in the Eagle Ford shale. The Eagle Ford program includes drilling of two remaining wells in the Cave region in McMullen County, an extra well in the Dilworth East area of McMullen County and three more wells in the Jourdanton region of Atascosa County. Abraxas Petroleum will also invest significant capital in acquiring more acres in the Eagle Ford shale.)
The important part is acquiring more acres I'm all for more Eagle Ford acquisition as the AXAS team has consistently proved they know how to get results in this play. They were hitting great wells in Wycross except the WI was only 25%. This play is in their backyard, it's certainly more climatically friendly to larger drilling window than the Bakken. My preference would have it be unproved...so AXAS can prove it and later book it, but it will be what it will be. I would expect we'll know where and how much acreage when Bob deems it appropriate which will be after the deal is done. Add acreage, add rigs, grow production = pps growth and that's what I am after and so far that's been the story. JMHO GLTA
P.S. I haven't seen a Poc post in a while, hope everything's alright with you. Let us know your OK. thanks.
just like the puppets before him...you can take that to the bank. The Saudi's are not going to let a #$%$ majority stay in control of Iraq..period. Barry can't take action against ISIL because they are sunni's trying to gain control and they are funded "at arms length" by the Saudi's. Iran however is complicating matters by offering to aid the Iraqi against ISIL....this will be interesting at minimum.