They just did a deal with Indonesia for LNG. The other thing is to buy ships that carry LNG like GLNG, GASS.
I am not buying that logic now. Yes more oil will move to the Gulf but I don't see crude trading below 90 or above 100 anytime soon.
I think the downgrade is all wrong they are getting cheap crude now and the margins should be very good.
How long do you think after this dilution does it take for the pps to recover. Do you think Mongolian demands continue to hold this back ? Where are they going to get the 5 billion in financing to do the underground mine if they have to dilute now to pay off RIO. I think they need to pay another 2 billion to RIO next year.
pps is not performing well but have to believe CVRR is doing very well now on lower crude prices. UAN will probably do better 1 st qtr as farmers begin to contract for spring fertilizer.
I think you're correct on the pps going forward. If they made over 3 billion last qtr and now will produce as much next year and cut costs they will be very profitable as well as selling other non core assets. I think this is now a very cheap buy with a 18-24 month old for a big gain.
True but it still seem like extortion to me ? Brazil is now like Argentina a country not to invest in. PBR also hit because the government will not allow them to make profit on imported refined products.
Just wondering if your analogy to WTI-LLS is relevant or is that just a matter of an abundance of light oil depressing the spread between the two. So comparing that to the Brent spread and pricing of gasoline may not be so relevant. I could be all wrong jus throwing it out as an idea ?
YOU CAN GET 1 SHARE FOR EACH SHARE YOU OWN AT 2.40 . Seems like a great long term buy.