Are you so stupid that you don't know Harry Reid buries all Republican bills that make it to the Senate? Harry Reid is still majority leader until January 2015. You are a typical low information DemonRat.
Between what they owe Eisai and what they burn each quarter plus new trials they will be under $100 million by March
It is TERRIBLE news. CS predicted this dilution and it proves that CS was right about their numbers - this is going to $2.50 a share. It also shows that there are no companies talking to Arena about partnerships or acquisition, so Shorts are now free to come back in without worry. It also shows why the price was pumped up and insiders sold. Insiders were definitely aware and acted on insider information so there will be lawsuits plus SEC investigation. It also shows that their earnings and coming earnings for next several quarters are terrible or Arena would have waited until after they announced. As I said - this is terrible news. Get out here.
American Petroleum Institute was said to report a decrease in U.S. inventories. Stockpiles declined 4 million barrels last week, the API said, according to a Twitter posting by Dominick Chirichella, the Editor in Chief of Energy Market Analysis .
This is a shelf offering. They have to sell the shares at whatever they can get which will drive this below 52 week low. Anyone who has witnessed this in other companies' stock knows this.
What happens if one uses the previously guided tax rate of 34%? One gets a "Consolidated net income attributable to Walmart" number of $3,587 or down $124 million from the reported number. It also means that the EPS beat of $1.15 would actually be a 1 cent miss at $1.11!
The U.S. closed 2.3% of Nat Gas rigs last week also and 10 oil rigs. These things are closing down much faster than expected. See new Baker Hughes Rig count report.
If US dollar inflates 15% and US market goes up 10% how much will a European bank make investing here? If European Market goes up 15% and they stay in Euros, how much do they make? In addition, US market is overpriced while European market is underpriced. Also rise in the US dollar will hurt US Corporation selling to Europe and rest of world, while drop of Euro will benefit European corporations selling to US. European banks are not going to move any money to US markets, but many banks will pull money out of US markets and into Europe. Today's market move was irrational and a prime opportunity to go short.
After making less net than last year, the stock here is 15% higher.? No wonder CFO refused to sign and resigned.
"In third quarter 2014, sales increased 1.9 percent to $17.3 billion from $16.9 billion last year, reflecting a 1.2 percent increase in comparable sales combined with sales from new stores. Segment earnings before interest expense and income taxes (EBIT) were $927 million in third quarter 2014, a decrease of 5.2 percent from $977 million in 2013." Anyone can increase sales by giving away stuff below cost. They sold 2% more but made 5.2% less! Tax rate was 18.6% less than same quarter last year. This is accounting smoke and mirrors!
NEW YORK — U.S. Steel said Tuesday it will lay off about 750 employees from two plants that make tubular steel, which is used in oil and gas drilling.
The company said it will shut down a plant in Lorain, Ohio, in March and lay off 614 workers. It said the move is temporary. U.S. Steel will also lay off 142 employees who work at a plant in Houston.
The plants make steel pipes and tubes used in drilling for oil and gas as well as construction. The Pittsburgh company said it is making the moves in response to falling oil prices and unfair competition from foreign companies.
The price of oil has dropped since mid-2014 and is now at its lowest levels in about five years, reducing demand for the pipes and tubes made at the Lorain and Houston plants.
The company stopped work at two tubular steel plants in 2014 and also filed a complaint about unfair competition by foreign companies.
U.S. Steel had about 26,000 employees in North America and 12,500 in Europe at the end of 2013. The company's shares lost 44 cents to $24.91 in midday trading.
(Reuters) - Oil prices at current levels may have reached a floor and could move higher very soon, OPEC's secretary-general said on Monday, his first public comment that oil's second-biggest decline on record may have run its course.
Abdulla al-Badri also warned of a risk of a future price spike to $200 a barrel if investment in new supply capacity is too low.
"Now the prices are around $45-$50 and I think maybe they reached the bottom and will see some rebound very soon," Badri told Reuters on the sidelines of a conference at Chatham House.
I should mention that Flint Hills is paying $31.50 as of Jan 6, for Sweet Crude delivered to their specified pipeline. Not good news for producers in the Bakken.
OREX is approved in Europe and sales growth way beyond ARNA. Arna should have less Market Cap. $2.94 would be same Mkt. Cap. as OREX
You are right to be buying here but wrong about the Saudis. They have destroyed the fracking industry and they know it. 55% of U.S. oil comes from fracking. Not only will most of the fracking companies be destroyed and go away but the U.S. will now fall from top producer to about #7 or 8 on the list. The fracking industry won't spring back as oil prices rise because so many investors and banks have been so severely damaged that they'll never step a foot into this water again.
You are right. The entire Bakken is shutting down. Everyone is getting layoff notices. Plains All American Pipeline, as of today, is only paying $31.69 per barrel for Williston Basin Sweet, which is the WTI equivalent. (because of $11 shipping charges) This is way below production costs. Supply from the fracking fields is going to dry up much quicker than people think.