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fp718591 362 posts  |  Last Activity: Jan 30, 2015 6:27 PM Member since: Mar 10, 2012
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  • Reply to

    rigs

    by shermanmemorial Jan 30, 2015 2:07 PM
    fp718591 fp718591 Jan 30, 2015 6:27 PM Flag

    The 73 embargo, that was a mess,Heres part of an article from 2 weeks ago. NG selling for 58 cents even though it was 2.85, its up to a 1.18 now, pipelines are full including the hubs, so we should see NG rigs falling hard in a few weeks,, Producers in the "wet gas" areas of Western Pennsylvania, West Virginia, and eastern Ohio have announced the biggest reductions in drilling plans. They chiefly target natural-gas liquids such as propane, butane, and ethane, whose prices move largely in conjunction with oil markets, which have collapsed.

    Producers in the dry-gas areas of northern Pennsylvania also are feeling the pinch, even though natural-gas prices are influenced more by domestic demand than worldwide oil markets

    While natural gas traded Thursday at $2.95 per thousand cubic feet at the Henry Hub, the Louisiana distribution point whose price is the national benchmark, the same commodity was priced at $1.13 at the Leidy Hub in northern Pennsylvania, according to SNL Financial,
    the business-intelligence firm.

    Marcellus gas producers typically break even when gas is priced at $2.50 to $3 per thousand cubic feet, said Scott Mitchell, a supply-chain analyst in Houston with Wood Mackenzie, an energy-research firm.

    Few drillers are sinking new wells in the face of depressed local gas prices, which have dropped as low as 58 cents per thousand cubic feet, said Lou D'Amico, president and executive director of the Pennsylvania Independent Oil and Gas Association.

    "You're not go to bring too many new wells online at 58 cents," he said.

  • Reply to

    rigs

    by shermanmemorial Jan 30, 2015 2:07 PM
    fp718591 fp718591 Jan 30, 2015 4:54 PM Flag

    Hello Sher good to see you, and thanks for the rig count. Remember 2009 when oil crashed? Look at the rig chart, 1000 rigs shut down within 6 weeks, that includes Canada, estimates are still close to 600 rigs needed to drop that's total, ocean rigs continue to drop, between U.S and Canada we are down 11 ocean rigs, and Canada tar sands are closing up which isn't included in Baker Hughes count, few more months before we see the spike, good luck

  • The slowdown in domestic oil drilling is spilling over into the Marcellus Shale natural-gas region.

    Though Marcellus Shale producers mainly extract natural gas, which is priced independently of oil, they are not immune to the downward pressure on world oil prices.


    Producers in the "wet gas" areas of Western Pennsylvania, West Virginia, and eastern Ohio have announced the biggest reductions in drilling plans. They chiefly target natural-gas liquids such as propane, butane, and ethane, whose prices move largely in conjunction with oil markets, which have collapsed.

    Producers in the dry-gas areas of northern Pennsylvania also are feeling the pinch, even though natural-gas prices are influenced more by domestic demand than worldwide oil markets.

    Spot-market natural-gas prices have fallen in recent months nationwide because of abundant supplies and the mild winter. Gas prices are even lower at several key Marcellus trading hubs, where local growth in gas supply has outpaced construction of new pipelines to deliver the fuel to market.

    While natural gas traded Thursday at $2.95 per thousand cubic feet at the Henry Hub, the Louisiana distribution point whose price is the national benchmark, the same commodity was priced at $1.13 at the Leidy Hub in northern Pennsylvania, according to SNL Financial,
    the business-intelligence firm.

    Marcellus gas producers typically break even when gas is priced at $2.50 to $3 per thousand cubic feet, said Scott Mitchell, a supply-chain analyst in Houston with Wood Mackenzie, an energy-research firm.

    Few drillers are sinking new wells in the face of depressed local gas prices, which have dropped as low as 58 cents per thousand cubic feet, said Lou D'Amico, president and executive director of the Pennsylvania Independent Oil and Gas Association.

    "You're not go to bring too many new wells online at 58 cents," he said.

  • The U.S. Energy Information Administration said earlier Wednesday U.S. oil supplies rose by 8.9 million barrels in the week ended Jan. 23. Analysts polled by Platts had expected an increase around 3.5 million barrels.

    At 406.7 million barrels, U.S. inventories are at their highest since 1924, just as they were the last reporting week. See: the last time the U.S. had that much oil, Calvin Coolidge was the president

    Gasoline inventories dropped by 2.6 million barrels, whereas distillates supplies dropped by 3.9 million barrels, the EIA said. The analysts surveyed by Platts had expected gasoline stockpiles up 830,000 barrels, and distillate stockpiles down 580,000 barrels.

  • Reply to

    Prepare for changes in bank management

    by brendabreeze77 Jan 28, 2015 7:19 AM
    fp718591 fp718591 Jan 28, 2015 1:42 PM Flag

    no I say in November this would hit 10 cents within 3 months

  • Reply to

    Prepare for changes in bank management

    by brendabreeze77 Jan 28, 2015 7:19 AM
    fp718591 fp718591 Jan 28, 2015 11:45 AM Flag

    without a 20 to 1 reverse split this is going to a penny, their are just to many shares, but good luck

  • Wait until it hits 90 to 95 cents a share to buy

  • SAN FRANCISCO (MarketWatch) -- An industry estimate of crude oil supplies in the U.S. rose 13 million barrels in the last week, according to reports Tuesday. The American Petroleum Institute report comes a day ahead of Wednesday's weekly data from the U.S. Energy Information Administration. Oil futures rose Tuesday, ahead of the data.

  • fp718591 fp718591 Jan 27, 2015 6:01 PM Flag

    E gets 9B back from Gazporm, due to the cancelling of the South Stream Pipeline,,,,, OAO Gazprom (OGZD), the world’s biggest natural-gas exporter, agreed to buy the 50 percent it doesn’t own in South Stream Transport BV from Italy’s Eni SpA (ENI), Electricite de France SA and the Wintershall unit of Germany’s BASF SE. (BAS)

    No purchase price was disclosed in statements issued by EDF, BASF, Eni and Moscow-based Gazprom. Eni, owner of a 20 percent stake, and BASF and EDF, which each own 15 percent stakes, said they’re recovering their investments in the proposed $45 billion Black Sea pipeline that Russia scrapped this month.

    President Vladimir Putin on Dec. 1 announced the cancellation of South Stream, which was to carry gas to Europe coming ashore in Bulgaria, citing the European Union’s opposition. The decision came as Putin struggles to stabilize the ruble and prevent Russia from economic crisis amid plunging oil prices and sanctions from the nation’s annexation of Crimea.

  • Reply to

    YESTERDAY'S NEWS, JUST THOUGHT I'D SHARE

    by billythart Jan 27, 2015 11:30 AM
    fp718591 fp718591 Jan 27, 2015 5:43 PM Flag

    SAN FRANCISCO (MarketWatch) — Crude-oil futures rose more than 2% on Tuesday, as some optimism about curtailing output seemed to permeate markets and ahead of a fresh weekly report on stockpiles.

    Light, sweet crude futures for delivery in March CLH5, +1.40% rose $1.08, or 2.4%, to settle at $46.23 a barrel on the New York Mercantile Exchange.

    The settlement snapped a three-day losing streak. Prices had weaved in and out of the red earlier in the day, trading as low as $44.81 a barrel and as high as $46.55 a barrel.

    Brent crude for March delivery LCOH5, +2.43% added $1.44, or 3%, to $49.60 a barrel on London’s ICE Futures Exchange. Futures earlier hit an intraday low at $47.67 a barrel, and traded as high as $49.99 a barrel.

    Traders digested comments from key Middle Eastern oil officials in recent days, including a statement Tuesday from Saudi Aramco Chief Executive Khalid al-Falih that Saudi Arabia would not be able to balance crude markets alone.

    On Monday, Abdallah el-Badri, the Organization of the Petroleum Exporting Countries’ secretary-general, said oil at $200 a barrel would be possible if producers don’t invest in new supply, and prices around $45 a barrel to $55 a barrel are likely the bottom for crude.

    El-Badri, however, also stated OPEC is likely to stand by its decision to keep output the same.

    Such statements were viewed by some traders as an olive branch of sorts, said Carl Larry, a consultant at Frost & Sullivan in Houston.

    “There’s a bit more optimism in the markets based on the idea the Saudis may be doing something perhaps soon,” Larry said. “Not a definite sign, but a hopeful sign.”

    Markets were also operating on a quasi-holiday, he said, with many traders in the East Coast home-bound because of a powerful winter storm blanketing the Northeast. The storm fell short of most of the dire predictions for some areas, but officials had advised people in the affected areas to hunker down at home.

  • Reply to

    "E" President and CEO Today

    by quicksilverskeet Jan 21, 2015 4:38 PM
    fp718591 fp718591 Jan 27, 2015 5:05 PM Flag

    Saudi`s confirmed ENI president was correct on Monday that oil would hit 200 a barrel, but with low oil prices oil companies cant go after high price oil, but they can buy out companies now at a cheap price, On Monday, Abdallah el-Badri, the Organization of the Petroleum Exporting Countries’ secretary-general, said oil at $200 a barrel would be possible if producers don’t invest in new supply, and prices around $45 a barrel to $55 a barrel are likely the bottom for crude.

    El-Badri, however, also stated OPEC is likely to stand by its decision to keep output the same.

    Such statements were viewed by some traders as an olive branch of sorts, said Carl Larry, a consultant at Frost & Sullivan in Houston.

    “There’s a bit more optimism in the markets based on the idea the Saudis may be doing something perhaps soon,” Larry said. “Not a definite sign, but a hopeful sign.”

  • fp718591 fp718591 Jan 26, 2015 2:01 PM Flag

    Hello Brenda earnings come out today or tomorrow, but chances are great they will postpone them again.

  • Reply to

    Saudi arabia's king died

    by nedelkay Jan 22, 2015 6:34 PM
    fp718591 fp718591 Jan 22, 2015 7:50 PM Flag

    Look up( Yemen President resigns ),,,,,,,, he gave the country to Al-Qaeda which borders Saudi Arabia, and they want to attack Saudi Arabia, the news came out a little over an hour ago, that's a bigger threat to oil then a king dying.

  • Yemen borders with Saudi Arabia and no fence like the fence Saudi Arabia built along the border of Iraq to keep ISIS out, here is the news, Yemen's president resigned after #$%$ rebels seized his palace, and the Arab nation faced a growing risk of disintegration as leaders in the south said they won't take orders from the capital.

    President Abdurabuh Mansur Hadi informed the speaker of parliament of his decision to quit after the Houthi fighters failed to honor an agreement the previous day to withdraw from the palace in Sana'a, his aide Sultan al-Attwani said by telephone. Hadi said in a letter of resignation that the country had reached a "dead end," according to Al Jazeera television.
    The resignation of the U.S.-backed leader deepens the turmoil in Yemen that has allowed al-Qaeda to expand its operations there and caused alarm in neighboring Saudi Arabia, the world's biggest oil exporter. Al-Qaeda's Yemen branch claimed this month's killings at Charlie Hebdo magazine in Paris, and has sought to attack Saudi and U.S. targets.

  • Reply to

    Draghi just pushed the "GOLD BUY BUTTON"

    by hold4triple Jan 22, 2015 9:30 AM
    fp718591 fp718591 Jan 22, 2015 5:17 PM Flag

    Gold is up, its just investors don't believe the miner will continue to go. Gold also has its slowest season in March, I bought into JDST yesterday and today and once Gold starts its down trend JDST should move much higher. GL

  • fp718591 fp718591 Jan 20, 2015 5:01 PM Flag

    NEF, your 5 baggers on up are extremely high risk but I just did one. The Shale industry is collapsing, example AMZG sold their hedges and announced they wont drill next year. It was almost 11 dollars a share and now 58 cents a share. The ones without a lot of debt will stop drilling and wait a year before they start back up. I only buy a few thousand shares but it might be worth it for a long term hold, to many shale producers have to much debt, good luck

  • WASHINGTON (MarketWatch) - The White House on Tuesday issued veto threats on two measures expected to be considered later this week in the House of Representatives. The first measure the White House opposes would speed up federal approval of natural gas pipelines. It would require the Federal Energy Regulatory Commission, or FERC, to approve or deny applications for natural gas pipelines within 12 months. If regulators did not act by the deadline, it would allow for automatic approval of pipeline projects. The White House said regulators might deny pipeline applications that might be approved if allowed sufficient review time. The measure would not impact the Keystone XL Pipeline which would bring crude oil from Canada. The White House also issued a veto threat for legislation that would ban abortions after 20 weeks. That measure was expected to be voted on Thursday as protestors gather in Washington to call for repeal of the 1973 Rove v. Wade decision.

  • Reply to

    OH BOY!

    by billythart Jan 20, 2015 2:59 PM
    fp718591 fp718591 Jan 20, 2015 4:48 PM Flag

    I just checked Gold, its on a rip, I am considering JDST if gold doesn't break the 1310 mark

  • Reply to

    Supertankers

    by meltdownman1 Jan 19, 2015 4:26 PM
    fp718591 fp718591 Jan 19, 2015 11:06 PM Flag

    Shipping stocks were the best buy the last 2 weeks, some shot up 60 to 80 percent in 2 weeks, but their was some profit taking. I remember 2009 to 2011 we called the ocean floating storage. Buy cheap oil, leave it out at sea, and couldn't be used in weekly storage numbers.

  • Reply to

    Rig Count

    by azfarmb Jan 19, 2015 11:06 AM
    fp718591 fp718591 Jan 19, 2015 10:53 PM Flag

    Mike, what position does the US have in global sales in NG? We only sell some NG to Mexico through pipelines and their isn't one LNG export terminal open yet to export.

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