This is too cheap to sell so...'Do Not' Selling is POS is the answer to this volatility ...eventually it has to go very high as Donald Trump said - Energy Market will reward the correct price soon on time.
Fooling people for so long ...?
Even if FED does that next year 2016 it may be just 1/4 of percent ...Crude Oil is 40% Lower than the 200 days Moving Avg, USD gone much much higher than Fed rate Hike could take any further up. Energy, Crude and Gold miners are down due to inflated USD currency.
Fed Rate Hike here comes Sept 2015...where those analyst are promising Sept ? Even if FED does that next year 2016 it may be just 1/4 of percent ...Crude Oil is 40% Lower than the 200 days Moving Avg, USD much much higher than Fed rate Hike...
Everything is linked to Rate Hike ...Even if they does...How much ? 1/4 of percent? Gold is already 50% down on Fed Rate Hike...
The US industry has managed to do better than in many other countries, largely because it is profit-oriented and flexible, rather than pursuing national goals or hamstrung by “strategic” policies. Environmental regulations have been extremely difficult to cope with over the past few decades (and will continue to be so), but also act as a barrier to competitors. Many foreign refineries can’t produce the formulas required in some US markets (notably California).
If I were to be so arrogant as to pretend to read Warren Buffett’s mind, it would seem to me that his $4 billion plus investment in refinery Phillips 66 resembles his earlier investment in Burlington Northern, that is, recognition of an industry that is vital regardless of economic fads and fashions and that should benefit from low oil prices (and higher gasoline demand). The investment is unlikely to yield sudden large gains, but should prove to be a solid holding for years to come.
Exxon Mobile will find itself generating substantial profits for at least the next 25 years. Despite increased competition, an ever decreasing supply of new oil fields and a movement to find alternative and more efficient forms of energy, Exxon Mobile is the largest and most profitable integrated oil business in the world. They have the finances to purchase any competitor (shy possibly of The Royal Dutch Shell Company), and immense reserves of both engineering skills and cash resources. Oil is a commodity and thus despite their stagnant production output, will always receive substantial profit revenue. Their consumer base is ever increasing as newly developing markets such as Asia or India continue to show an increased need for oil. Exxon is too large, too important, and too profitable for it to fade. While Exxon's production and supply may decline, their revenue will still be substantial enough to remain the leading competitor in the oil industry
Marrone may be heavily bribed by the short hedge !
Fiscal year is Jan-Dec (millions). 2010 2011 2012 2013 2014 5-year trend
Sales/Revenue 1.74B 2.15B 2.34B 1.9B 2.03B
Cost of Goods 1B 1.09B 1 .29B 1.37B 1.74B
COGS excluding D&A 690.37M 741.14M 908.63M 955.71M 1.17B
Deprec & Amorti Expense 310.98M 352.97M 383.6M 413.3M 563.73M
Deprecion - - 382.31M 411.73M 557.93M - -
Amortization of Intangibles - - 1.29M 1.57M 5.8M
Gross Income 736.11M 1.06B 1.04B 526.47M 290.66M
Still not convinced !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
We had AUY as $18 to that its now $1.8 and this is called an opportunity. Do not be greedy, Hair can not grow any further so no Haircut possibilities...AUY-Barber shops is empty as Revenue is more than the Market Cap. Although there is $2Billion debts but it has long time maturity just pay the interest and Tangible book value is $6.6 . CEO Moron is greedy working with Short interest.
No one can blame retail investors for treating energy stocks like a stinky diaper. Between the recurring themes of budget slashing, job cutting and stock price falling, the stock market is doing its typical herd-like exodus from all things remotely oil-price related.
But investing principles dictate that one should strive to be contrarian — run against the herd, and billionaire investors Carl Icahn and Warren Buffett may have provided just the reminder that investors need to not give into the panic.
"It does cause people to have a little more courage to stay the course," said Christopher Zook, chairman and chief investment officer at Houston-based CAZ Investments. "The fact that he (Buffett) is investing makes them more patient."
Buffet's Berkshire Hathaway Inc. (NYSE: BRK) disclosed a more than 10 percent stake in Houston-based Phillips 66 (NYSE: PSX) in August, having purchased 58 million shares valued at $4.5 billion, Bloomberg reported.
Billionaire activist investor Carl Icahn upped his stake to 8.5 percent in Freeport-McMoRan Inc. (NYSE: FCX), worth $900 million, the Wall Street Journal reported. Freeport spun off its oil and gas company in 2013, launching Houston-based Freeport-McMoRan Oil & Gas Inc.
Yahoo finance tried to delete this post twice...
We had $18 to now $1.8 and that call an opportunity not to be greedy. Hair can not grow any further so no Haircut...Barber shops are empty at this time.
Do you know that present Market Cap for Exxon is below its Annual Revenue?
AUY Mkt Cap =$1.64 Billion whereas Revenue $2Billion and ofcourse at Gold above $1100 they makes profits.