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davecarneyinc 20 posts  |  Last Activity: Aug 27, 2015 10:24 AM Member since: Mar 14, 2008
  • Shorts sure picked the wrong stock. We are going to at least $35.60

  • davecarneyinc davecarneyinc Aug 27, 2015 10:18 AM Flag

    It is nice to see these worms suffer today. They can pay me each and every quarter.

  • davecarneyinc davecarneyinc Aug 27, 2015 4:32 AM Flag

    I just looked at technicals - this should run to 33.95 then 35,60. If you sell you will kick yourself.

  • Hold your shares - this should go over $32.50-$33 tomorrow, much higher before weekend. . Don't be stupid and give up your shares - make shorts pay dearly for their stupidity. You'll be sorry if you sell. I expect oil to be above $43 before weekend, possibly $45 Monday.

  • davecarneyinc davecarneyinc Aug 27, 2015 1:13 AM Flag

    " ensure we can sustain our dividend" is as close as you'll ever get from any company.

  • Yes, if you are short you must pay the dividends due on the shares you borrowed. BP will not cut the dividend - they have over $33 Billion in cash and have spread settlement over 18 years. Shorts will pay 21.6% to longs over the next 3 years. Every quarter is tick, tick, ticking time bomb to shorts. Even if they are right 3 years from now and dividend is reduced and stock drops 10%, they will be wrong because they will have lost at least 11.6% and longs will still have gained at least 11.6%. That's provided stock doesn't go up at all over 3 years. You have to be nuts to be short!

  • davecarneyinc davecarneyinc Aug 26, 2015 3:12 PM Flag

    It would be XOM which is up 4.6 % today. It would have to be over $42 a share in all stock deal.

  • davecarneyinc davecarneyinc Aug 26, 2015 2:58 PM Flag

    “Despite poor headline macro data, most China oil demand data points remain resilient,” Longson said. The nation’s apparent demand for gasoline rose 17 percent last month, the highest growth rate all year, he said.
    The filling of emergency crude reserves in China “gives the market a lifeline” that distinguishes the current situation from the Asian crash of 1998, Jeff Currie, head of commodities.
    China will add crude to two additional sites with a combined capacity of 50 million barrels in the second half, according to the International Energy Agency. The nation bought more than 500,000 barrels a day of oil that was surplus to its daily requirements between January and July, according to data compiled by Bloomberg. China National United Oil Co., the trading unit of the nation’s biggest energy company, is on course for its largest-ever haul of Middle Eastern crude purchases in Singapore.
    “The irony is if you just take the oil market data on China, it’s good -- it’s really, really good,” said Horsnell. “If we were running it purely by the micro data, people would be saying: ‘Hey, this isn’t too bad’.”
    Another weight lifted from the oil market is the conclusion of Mexico’s annual hedging program, Morgan Stanley’s Longson said. The Latin American producer locked in 2016 prices for 212 million barrels, its Finance Ministry said on Aug. 20. The biggest hedge undertaken by any national government, the program was an “under-appreciated negative” for prices and its completion “removes a bearish overhang for oil,” he said.

  • The global oil market is healthier than it looks, signaling that crude’s plunge to six-year lows has probably gone too far.
    While futures tumbled below $45 a barrel in London for the first time since 2009, Morgan Stanley and Standard Chartered Plc say other measures suggest physical markets for crude have stabilized or even strengthened in recent weeks. China, the world’s second-biggest oil consumer, will keep buying extra barrels to fill its strategic reserve this year, according to Goldman Sachs Group Inc.
    “While oil fundamentals aren’t strong, physical markets do not corroborate the substantial weakness in flat price,” New York-based Morgan Stanley analyst Adam Longson said in a report Monday. The “latest oil pricing pressure appears more financial than physical.”
    A measure of returns from commodities sank to its lowest since 1999 Monday on concern that a slowing economy in China, the world’s largest consumer of energy and raw materials, will exacerbate supply gluts. Brent crude, the international benchmark, has dropped more than 30 percent since May on the ICE Futures Europe exchange in London. Prices rebounded 1.8 percent to $43.44 a barrel at 5:03 p.m. in London.
    Financial Flows
    The stabilization of the price gap between monthly crude contracts and changes in the relationships between regional benchmarks suggests financial flows are behind the renewed slump, rather than a change in the physical oil market, Morgan Stanley said.
    “This is very, very macro driven” with the focus on the outlook for China’s economy, said Paul Horsnell, head of commodities research at Standard Chartered in London. “It’s not based on any kind of oil supply-demand fundamentals.”
    The gap between the price of the first-month Brent contract, October, and futures for settlement 12 months forward hasn’t widened enough over the past few weeks to suggest the world is running out of space to store crude, according to Longson. The spread was more than $11 a barrel in January, compared with abo

  • davecarneyinc davecarneyinc Aug 26, 2015 2:32 PM Flag

    People should be aware that Mr. Dudley at this time also stated that they were reducing their Capex from the formerly projected $24-26 billion down to $20 billion. The annual dividend is about $6.7 billion. They have $33 Billion in cash.

  • "It is a challenging time for our industry, but I remain confident that moving quickly to simplify and reset the company for a sustained weaker environment is the right thing to do for all seasons. I believe we've made a good start. We are staying very focused on operational delivery. We're working steadily to complete our planned divestments, and we are resetting capital and cash costs in the way that drives sustainable efficiencies. This supports our efforts to rebalance our sources and uses of cash and ensure we can sustain our dividend. This is the clear priority within our financial framework right now. "

  • Reply to

    No way can pay dividend

    by billspringxyz Aug 24, 2015 9:04 AM
    davecarneyinc davecarneyinc Aug 26, 2015 1:46 PM Flag

    You are a liar and have opened yourself up to being sued by the company and every shareholder. I am submitting your ID to the SEC also. I have copied and pasted this statement along with your ID.

  • Reply to

    No way can pay dividend

    by billspringxyz Aug 24, 2015 9:04 AM
    davecarneyinc davecarneyinc Aug 26, 2015 1:42 AM Flag

    I spoke with Bob Dudley less than 2 weeks ago and he assured me that they are not going to cut the dividend. BP has a two Billion buyback currently in place. They will slow that down if low oil prices become protracted, but the dividend is safe and the buyback continues for now, especially at this cheap stock price.

  • davecarneyinc davecarneyinc Aug 17, 2015 1:13 AM Flag

    Do you not understand that this forces Intel to make a move to buy Micron?

  • In a report published Friday, Summit Research analyst Srini Sundararajan maintained a Buy rating on Micron Technology, Inc.
    MU 4.24%
    with a price target of $34, saying that Senator Chuck Schumer's objection to Chinese government-controlled Tsinghua-Unigroup's offer indicated that the deal was "real and credible."

    Senator Chuck Schumer has urged the US CFIUS to block any potential sale of Micron to Tsinghua-Unigroup. This is proof that Tsinghua-Unigroup's bid to acquire Micron "is real and credible and is being discussed at the highest levels in the U.S. government," analyst Srini Sundararajan said.

  • 8/15/06 Micron Technology (NASDAQ:MU)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Credit Suisse in a research note issued on Friday, MarketBeat Ratings reports. They presently have a $34.00 price target on the semiconductor manufacturer’s stock. Credit Suisse’s target price would indicate a potential upside of 100.59% from the company’s current price.

  • Reply to


    by original_matrix1 Jul 9, 2015 4:44 PM
    davecarneyinc davecarneyinc Jul 9, 2015 10:56 PM Flag

    When did DRAM disappear? I must have missed something!

  • Reply to


    by original_matrix1 Jul 9, 2015 4:44 PM
    davecarneyinc davecarneyinc Jul 9, 2015 10:39 PM Flag

    Ha.Ha. LOL You took the lowest estimate (GS) and used the lowest PE (pulled out of thin air or your mind). Let's take a real pure commodity play that is way oversupplied and has gone down, Southern Copper (SCCO). It has a PE of 17.89. Even using GS lowest estimate of $1.70, which is wrong, MU would be valued at $30.43 if it carried the PE of a pure commodity play and I would argue that MU is not a commodity play. Even GS analyst said that MU will have over $1 Billion in free cash flow. Take a look at what multiple SCCO is trading to its free cash flow. MU is worth much more than it is trading at here.

  • This is a no-brainer here with RSI at 12.5. It is way, way oversold with max pain for tomorrow at 19, and monthly Jan 17 op ex max pain is 25. There is a huge chart gap to be filled. They'll pull this up to hurt as many option holders as possible. To see max pain do a search on position plays max pain calculator.

  • davecarneyinc davecarneyinc Jun 22, 2015 9:27 PM Flag

    We can save countless lives, reduce the spread of disease and ensure a secure food supply even as we continue expanding clean energy,” said Kim Knowlton, senior scientist at the Natural Resources Defense Council, in a press release

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