Bloomberg just out with piece today-"Mexico Oil Is Boon for Exxon to BP"
With reserves holding $1.3 trillion of crude at yesterday's prices, Mexico offers a new opportunity for deep-pocketed producers as well as pipeline and power companies to try and mimic an energy revolution that has spurred U.S. oil output to a 26-year high and pushed Canadian production to records. New access to Mexico comes amid unrest in some African oil nations and sanctions that threaten to strangle Russian output, places where some oil companies have invested heavily in production.
n injection of foreign investment could help double daily output to 5 million barrels a day, a figure that would rank Mexico the world's fourth-largest producer. It would join a North American energy boom that has reignited investment in manufacturing and reduced trade deficits as the U.S. seeks to become free of oil and natural gas imports and even begins to contemplate exports.
"The potential is great," Tony Payan, director of the Mexico Center at Rice University's Baker Institute for Public Policy in Houston, said in a telephone interview. "If they play it right, Mexico could become a major oil producer and Mexico, the U.S. and Canada could come very close to energy independence."
AND GEUSS WHERE THAT OIL IS AND WHO MAKES THE PLATFORMS TO GET IT OUT?
As I noted previously, some of the Analysts following this stock are shilling for hedge fund shorts and should be investigated by the SEC.
You missed Brean Murray's recent recommendations. From posts on this board:
3/28/12-Brean Murray believes Seagate shares could rise 25%-30% by July and that shares are underappreciated.
4/9/12- Seagate Western and Digital Digital weakness overblown, says Brean Murray
Brean Murray said the weakness in both Seagate (STX) and Western Digital (WDC) shares last week was overblown
May 9, 2012 1:22 PM Brean Murray reiterates a Buy on Seagate (STX -0.9%) after meeting with CFO Pat O'Malley.
STX at $28 on 3/5/12, STX hit $31 on May, 7th, 2012,
STX hit $21 on June 7th, 2012, and was at $27 mid July,2012
Between Goldman and JPM, I don't know who has been more wrong on the drive stocks or more negative over the years? Of course, we all know that doesn't matter if the NYC/CT hedge fund cartel is your primary client.
I doubt the village idiot is being paid by anyone, but I'm sure your question will get nothing but psycho babble from him .
I come to two possibilities:
1. He is truly a psychopath
2. He's a professional trader who trades STX stock.
Evidence to support the trader hypothesis:
1. He has been on this board 24/7 for 12 years
2. He attacks anyone who raises concerns about the integrity of certain bank analysts who shill for the shorts and he goes into multi-post raves attacking anyone who mentions wall street corruption
3. His obvious primary intent is to discredit anyone trying to lift up the public's understanding of STX or the games traders play with STX stock.
4. His refusal to clearly state whether he is actually long or short on any position. After telling us STX was a flashing buy he then reels off a dozen posts bashing STX.
5. His use of foul language and propensity to constantly lie.
Overall, just another telling example of the scum that populates the investment world.
Agree that the Cyber psychopath who has stalked this board for 12 years along with his chief antagonist, the hangman, have done a good job of destroying the board.
Interesting comment "STX to continue to pay shills". Do you think the psychopath is on STX's payroll or a hedge fund lackey? Do you remember FINTAS who was definitely a paid shill?
Disagree "please spare us all the OT topics on the state of the economy". FYI, some of us find those comments to be of far greater value in making money than listening to you whine on for years about HARM.
"The Pros are slow to catch on!"
Disagree, rather some of the SDRL Analysts are shilling for hedge fund shorts. IMHO, SDRL should have asked for a SEC investigation.
"Analysts pump up the stocks of their investment banking clients"
Common practice for both traders and Analysts to prop up the shares of their banking clients.
For current text book example consider VECO and their principle Cheerleader, UBS's Chin. As VECO collapsed from $57 to $20 in 2011, UBS reiterated their buy 5 times. BTW, Chin is back at it again.
That's all you need to know!
SDRL's EBDITA is seen growing from $2.65 B to $4.5 B, which will more than cover divey, capex, and debt payments..
THINK ABOUT IT STUPID!
Orders for long-lasting U.S. manufactured goods rebounded in February and shipments snapped two straight months of declines, providing fresh signs the economy was shaking off some of its winter gloom.
The Commerce Department said on Wednesday durable goods orders rose 2.2 percent as demand increased almost across the board, ending two consecutive months of declines.
Orders of these goods, which range from toasters to aircraft and are meant to last three years or longer, had dropped 1.3 percent in January. Economists had expected orders to rebound 1.0 percent last month.
The report joined other data such as industrial production, retail sales and employment in suggesting a pick-up in economic growth after an unusually harsh winter chilled activity at the end of 2013 and the beginning of this year.
"We are still encouraged by the outlook on the factory sector once we get past this period," said Sam Bullard, senior economist at Wells Fargo Securities in Charlotte, North Carolina
FYI, that's good news for SDRL
Only a idiot would complain about it instead of trying to make some money on his calls.
What does that tell you MORONS?
What does that tell you, morons?