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Xinyuan Real Estate Co., Ltd. Message Board

boulmichone 88 posts  |  Last Activity: Dec 24, 2014 8:00 PM Member since: Aug 19, 2012
  • I was reading in the WSJ that some ONE TRILLION DOLLARS of investments in the oil industry are at serious risk of going belly up as oil plumments and they will no longer be profitable to produce and service the debt, etc.

    I say we can't let this happen as our banks, oil companies, jobs, and the recovering local economies will be severly endangered if not outright wiped out!

    Congress should move to price protect our oil and investments at least at break-even prices. Better yet let American companies EXPORT (currently prohibited) their finished gas and other oil products!

    Even better, the US and our Arab "friends" should form their own cartel and exclude Venezula and other rogue countries - see how long they will last. It is no accident that Cuba warmed up to the US - they know who has the oil and will survive any "oil war"!

    Sentiment: Hold

  • ... this is it!

    Just a short time ago if there was a leaky value on a pipeline in outer Mongolia, a refinery that had a waste basket fire, etc. oil surged. The total output of US refineries rarely went over 85 % or so; "it is impossible to get that high in reality", etc. etc.

    Well the WSJ reports that US refineries are running "flat out" at an unbelievable 95.3 per cent of capacity as gas inventories continue to surge! This obviously is being well orchestrated by somebody for some reason and I don't think it is good long term for us, the industry, or the country.

    Sentiment: Hold

  • ... whether they need it or not to deal with the mounting surplus of fuels building up and the lack of additional storage space?

    Sentiment: Strong Sell

  • On CNBC early this am Saudi Oil Minister Ali al-Naimi was quoted that the Saudis, who have 40% of the world's oil, WILL NOT CUT production even if oil PLUNGES to .... $20 per barrerl! And then there was a report that most shale producers can not break even on much less than $40-$50 per barrel and wil have to start shuting down! What is GDP breakeven?

    Sentiment: Strong Sell

  • Reply to

    This stock is up 10% in 3 days.

    by auwindstorm Dec 20, 2014 8:31 PM
    boulmichone boulmichone Dec 21, 2014 8:01 PM Flag

    Well, I missed the boat big time on Sherritt mining: it soared over 40% this last week on the positive Cuban developments.

    Since in Russia palladium is often found as they mine nickel I wonder if this could also be true in Cuba. Any ideas?

    "

    Sentiment: Hold

  • I missed the boat BIG TIME on this one: Sherritt. It surged some 40% on the positive Cuban news,
    Per the below, if they are mining a lot of nickel in Cuba I wonder if they are coming across palladium in that it is found with Nickel mining in Russia. What do you all think?

    From Kitco:
    "As Cuba's largest foreign investor by far, mining and energy firms will be watching Sherritt closely to see how the lifting of the embargo will affect the company and other foreign firms doing business in Cuba. The company has oil and gas operations in Cuba and mines cobalt and nickel through its Ambatovy Joint Venture, shared between Sherritt, Sumitomo, Korea Resources and SNC-Lavalin.

    Sentiment: Hold

  • Reply to

    The new SWC honcho dumps SWC stock already?

    by boulmichone Dec 18, 2014 5:31 PM
    boulmichone boulmichone Dec 21, 2014 3:23 PM Flag

    Thanks for this good info!

  • Reply to

    The new SWC honcho dumps SWC stock already?

    by boulmichone Dec 18, 2014 5:31 PM
    boulmichone boulmichone Dec 18, 2014 5:34 PM Flag

    OOPS! I stand corrected. He is an old timer cashing out it seems:

    Mr. Gregory A. Wing, also known as Greg, served as the Chief Financial Officer and Vice President of Stillwater Mining Company from March 22, 2004 to December 1, 2014 and also served as its Principal Accounting Officer.

    Sentiment: Hold

  • Isn't Greg Wing the new CFO? He just dumped 17,666 shares of common stock !

    Sentiment: Hold

  • Reply to

    Why CUBA is great for GDP!

    by boulmichone Dec 18, 2014 11:08 AM
    boulmichone boulmichone Dec 18, 2014 3:06 PM Flag

    I have known foks that have traveled to Cuba extensively - even farmers from Indiana to sell to Castro.

    The events of the last few days have long been anticipated by both sides and folks lined up to line their pockets as the barriers are removed. The opening of Cuba, and a provisional new government friendly to the US in place much sooner than anyone can imagine. And first on the agenda, cut off Venezuala to force their covernment to capitulate. Cheap US oil to CUBA will flow fast and easy!

    Sentiment: Hold

  • Reply to

    Putin to back Ruble with pt/pd reserves?

    by boulmichone Dec 18, 2014 12:28 PM
    boulmichone boulmichone Dec 18, 2014 3:01 PM Flag

    p.s.

    Check this stuff out on the web; it is a classic study in a modern day monetary melt down:

    "The Third Zimbabwe Dollar (ZWR) is obsolete. In February 2009 it was replaced by the Fourth Zimbabwe Dollar (ZWL) at a rate of 1,000,000,000,000 to 1. The currency was later abandoned. Zimbabwe no longer has its own currency and Zimbabwe dollars of all types are worthless."

    Sentiment: Hold

  • Reply to

    Putin to back Ruble with pt/pd reserves?

    by boulmichone Dec 18, 2014 12:28 PM
    boulmichone boulmichone Dec 18, 2014 2:59 PM Flag

    I got for Christmas from a South African friend of mine, formerly of Rhodesia many years ago, a Ten TRILLION Dollar note of the Reserve Bank of Zimbabwe. These things were worthless there but in the US can fetch as much as $10 in REAL US currency now as a collector's curiosities.

    Zimbabwe is the classic example of what a crazed Communist dictator can do to single handily wreck a resource rich country. This all is pretty well known in financial circles and parallels being drawn between Zim and Russia as witnessed by the plunging Ruble; nobody wants to be stuck holding stuff that toilet paper could be worth more. (Actually in the old Communist days toilet paper was more valuable than Russian rubles!)

    Anyway, one of the MANY Zimbabwean schemes was a platinum backed dollar for certain transactions. It had some limited success. Also "Currency Boards" that are independent of a troubled country's government and guarantee its currency backed by hard assets have met with success in stemming the evaporation of a country's fiat money. Russia, and the Ukraine for that matter, may have no choice but to go to some hard asset backing, or worse yet, capital controls to stem widespread economic panic. I doubt they will use the US dollar or Euro as the Zims have done - it would be too embarrassing for Putin.

    Sentiment: Hold

  • From the Washington Post:

    There are zombies in the oil fields.

    After crude prices dropped 49 percent in six months, oil projects planned for next year are the undead -- still standing upright, but with little hope of a productive future. These zombie projects proliferate in expensive Arctic oil, deepwater-drilling regions and tar sands from Canada to Venezuela.

    Sentiment: Hold

  • The wires are going bonkers with the mounting chaos in Russia as police arrests mount amid economic turmoil as the rubles plunges. Czar Putin's office has promised dramatic responses in the next few days.

    I would not be surprised if they move to a "hard ruble" or many forms of rubles - like they did under the old Communists. Remember Putin comes from that background and he tends to go bacl to the old ways that he knows and loves.

    Sentiment: Hold

  • boulmichone boulmichone Dec 18, 2014 11:26 AM Flag

    I think you are right Adam. But as all these bad guys are forced out of the market and ruined; oil is bound to ... POP BIG! It just is a matter of timing. But I see it sooner than later - by 2Q 2015.

    Sentiment: Hold

  • boulmichone boulmichone Dec 18, 2014 11:23 AM Flag

    From the Bloomberg wires:

    "‘Uncontrollable Shock’

    “We’re facing an uncontrollable shock that will undermine trust in Putin’s entire economic model,” said Kirill Rogov, a senior research fellow at the Gaidar Institute for Economic Policy who’s advised the government in Moscow. “The reserves aren’t enough.”

    Sentiment: Hold

  • I watched Czar Putin's big ""State of the Federation" speech early this am. I don't understand Russian but from the translation and follow-up reports it seemed very rambling and disconnected from reality.

    The price of oil is in a free-fall with prices dropping so why increase production more which will only add to a downward spiral! Plus they are a high-cost producer which will only add to the woes. So I see oil dropping till all these high cost producers are pushed out of the market by 1Q next year and then ... A HUGE POP UP!

    But most troubling he believes that the hoard of gold will serve as a reserve to get Russia through - I doubt it. There is alraedy mass chaos in Moscow with folks buying any hard goods as fast as they can. With their economy just limping along under the best of times, he will have to draw down hard reserves much sooner than later. So after the "official" gold reserves are gone will the "secret", "KGB" hordes of pt and pd be next? I previously discounted this but after watching him today I believe Russia and Putin himself are melting down and this is now a very viables scenario.

    Which for SWC could mean? Don't know.

    Sentiment: Hold

  • boulmichone by boulmichone Dec 18, 2014 11:08 AM Flag

    This sharp turnaround by Cuba is no accident. Russia is falling apart and they supported them heavily for years - particularly with cheap oil. Look for this to stop very soon. CUBA needs loads of oil! And from what better place than the nearby and now friendly US!

    Sentiment: Hold

  • Cramer was making fun of our GDP this am comparing it to our national GDP and saying that we are a "minor'" player! Shame Cramer!

    Sentiment: Hold

  • I watched Czar Putin's big ""State of the Federation" speech early this am. I don't understand Russian but from the translation and follow-up reports it seemed very rambling and disconnected from reality.

    The price of oil is in a free-fall with prices dropping so why increase production more which will only add to a downward spiral! Plus they are a high-cost producer which will only add to the woes. So I see oil dropping till all these high cost producers are pushed out of the market by 1Q next year and then ... A HUGE POP UP!

    Sentiment: Hold

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