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Inergy, L.P. Message Board

fred357mag2000 350 posts  |  Last Activity: Jan 26, 2015 3:09 PM Member since: Apr 4, 2011
  • Reply to

    Tempted To Buy Oils?

    by fred357mag2000 Dec 4, 2014 7:31 AM
    fred357mag2000 fred357mag2000 Dec 4, 2014 5:17 PM Flag

    I started in on CVRR today 22.07. Getting real close to buying back in on SDRL. Like see how bad the tax selling gets this month before jumping in with both feet.

  • fred357mag2000 by fred357mag2000 Dec 4, 2014 7:31 AM Flag

    This is a question I am sure many are asking, if this is a bottom on oil related stocks. Brent has been drifting around the $70 level for only a few days, yet many stocks have jump up 10%-15% in matter of just a few days. Such sell offs seldom just keep crashing, and will pause, back fill a bit, then some little bit of negative news starts the sell off again. I think we are still looking at weaker prices on spot oil. Question here, has stocks gotten over the shock and cooler heads are returning. Seems the risk/reward still is pushing against any meaningful rally until the sell off in Brent bottoms out. Sure wish I had the answer, but right now too much of a gamble to bet against a trend that started last July.
    Just my take..

  • Reply to

    Rev Al Sharpton Round Two?

    by fred357mag2000 Dec 3, 2014 2:42 PM
    fred357mag2000 fred357mag2000 Dec 3, 2014 9:48 PM Flag

    Rep. Peter King (R-N.Y.) said on Wednesday that if Eric Garner had been healthier, he would not have died after a police officer placed him in a choke hold.

    "If he had not had asthma, and a heart condition and was so obese, almost definitely he would not have died from this," King told CNN's Wolf Blitzer during an interview.

    Even though video captured Garner saying that he couldn't breathe as officer Daniel Pantaleo placed him in a choke hold and wrestled him to the ground, King said that "police had no reason to know that he was in serious condition."

    "The fact is if you can't breathe, you can't talk," King said. "If you've ever seen anyone resisting arrest, I've seen it, and it's been white guys, and they're always saying, 'You're breaking my arm, you're choking me, you're doing this,' police hear this all the time."

    In August, the New York City medical examiner ruled Garner's death a homicide caused by compression to his neck and chest, in addition to the way that he was positioned on the ground as he was arrested. The medical examiner also determined that Garner's asthma, obesity and hypertensive cardiovascular disease contributed to his death.

    King added that there "was not a hint" that anyone used any racial epithets, and that if Garner were a "350-pound white guy, he would have been treated the same." Seems Republicans always can figure out the obvious. Wonder why that is?

  • Reply to

    Rev Al Sharpton Round Two?

    by fred357mag2000 Dec 3, 2014 2:42 PM
    fred357mag2000 fred357mag2000 Dec 3, 2014 4:18 PM Flag

    Not dark yet!! The media didn't jump all over this like they did with the Michael Brown thug. Be very surprises Obama's race relations expert Al Sharpton don't show up for TV time.

  • fred357mag2000 by fred357mag2000 Dec 3, 2014 2:42 PM Flag

    (Reuters) - A New York City grand jury on Wednesday returned no indictment against a white police officer who used a choke hold on Eric Garner, an unarmed black man, while arresting him for illegally selling cigarettes, local media reported.

    They said the Staten Island panel decided against criminal charges for Police Officer Daniel Pantaleo.

    Jessie & Al going to be working overtime. Next comes Eric Holder & Obama pandering..

  • Reply to

    Highly Qualified?

    by fred357mag2000 Dec 2, 2014 7:06 PM
    fred357mag2000 fred357mag2000 Dec 3, 2014 2:23 PM Flag

    WASHINGTON (CNN) -- It's not every day that White House has to defend its decision to nominate a soap opera producer to represent the country on one of the highest diplomatic levels.

    But it was that kind of Tuesday.

    Asked at the daily press briefing what makes "The Bold and The Beautiful" producer Colleen Bell qualified to serve as U.S. Ambassador to Hungary, White House spokesman Josh Earnest didn't exactly have an explanation.

    "(She's) somebody who obviously has succeeded in, you know, in the business world," Earnest said.

    "And she is somebody that the President has confidence will be able to maintain our relationship with the government and the people of Hungary."

    Earnest also denied that Bell's hand in raising millions of dollars for the President's re-election campaign had anything to do with her appointment.

    "Well, I can tell you that that's not the reason she was chosen," he said.

    Earnest said the reason Bell was nominated for the post was because the President "has complete confidence in her ability to represent the United States in that country."

    But not everyone will be satisfied with that answer.

    Why should anyone be surprised? No one in this administration is qualified at anything including the President. With two years of incompetence, corruption, lying left to go, why change now?

  • fred357mag2000 by fred357mag2000 Dec 2, 2014 7:06 PM Flag

    The Senate confirmed soap opera producer Colleen Bell to be the next U.S. ambassador to Hungary and political consultant Noah Mamet to be the next U.S. Ambassador to Argentina on Tuesday. Neither of the two newly-confirmed Ambassadors are career diplomats, but both raised millions for President Obama's Presidential campaigns.

    Bell, a bundler for the 2008 and 2012 Obama campaigns, is a producer of "The Bold and the Beautiful," which airs on CBS. The Democratic-controlled Senate confirmed her with a vote of 52 yeas to 42 nays.

    Earlier this year, Bell struggled to name the U.S. strategic interests in Hungary when questioned during a hearing by Senator John McCain, R-Arizona. That prompted McCain to call Bell "totally unqualified" to represent the United States in Hungary, a country he referred to as "very important" to U.S. national security, particularly given rising Russian influence in Eastern Europe.

    State Department Deputy Spokeswoman Marie Harf disputed McCain's criticisms and cited Bell's work as a civic leader, trustee and working mother as unique qualifications.

    Noah Mamet, also a bundler, is a consultant. He was confirmed in a vote of 50 yeas to 43 nays, despite sharp criticism by Republicans for not having ever visited Argentina.

    Small wonder we are the laughing stock of the world. We owe it all to highly qualified leftist Obama.

  • Reply to

    Another climate survey...

    by durrett.scott Dec 1, 2014 6:06 PM
    fred357mag2000 fred357mag2000 Dec 2, 2014 2:22 PM Flag

    Crymore, you talking about Democrat's Obamacare?

  • Reply to

    Those poor little children..

    by fred357mag2000 Dec 1, 2014 2:10 PM
    fred357mag2000 fred357mag2000 Dec 2, 2014 2:20 PM Flag

    I like the picture today of Black holding a sign with two palms up on it, words "We are all Mike Brown"! The longer this keeps up, he just might be right!!

  • fred357mag2000 fred357mag2000 Dec 1, 2014 2:13 PM Flag

    ST. LOUIS • A third male suspect in a deadly hammer attack over the weekend in the Bevo Mill neighborhood turned himself into city police headquarters late Sunday night, police say. The third suspect is 17. Two other males, 15 and 16, were in custody earlier Sunday.

    Homicide detectives plan to pursue charges against the suspects today.

    Earlier story:

    St. Louis Bosnians outraged about a deadly hammer attack in the city’s Bevo Mill neighborhood spilled into the streets Sunday night to voice frustrations over violence touching their community.

    “We’re just angry because we’re trying to protect our community,” said Mirza Nukic, 29, of St. Louis. “We’re just trying to be peaceful.”

    Nukic was among at least 50 people, mostly, if not all Bosnians, who briefly blocked Gravois Avenue at Itaska Street on Sunday night to protest the killing. The intersection was near where Zemir Begic, a Bosnian man who moved to St. Louis this year, was attacked by at least three teens with hammers early Sunday.

    Police said Begic was in his vehicle about 1:15 a.m. in the 4200 block of Itaska when several juveniles approached and began damaging his car. Police said Begic got out to confront the juveniles, who began yelling at him and hitting him with hammers.

    Begic, 32, who lived in the 4200 block of Miami Street, suffered injuries to his head, abdomen, face and mouth. He died at St. Louis University Hospital.

    Those poor children just out having fun.

  • fred357mag2000 by fred357mag2000 Dec 1, 2014 2:10 PM Flag

    ST. LOUIS • A third male suspect in a deadly hammer attack over the weekend in the Bevo Mill neighborhood turned himself into city police headquarters late Sunday night, police say. The third suspect is 17. Two other males, 15 and 16, were in custody earlier Sunday.

    Homicide detectives plan to pursue charges against the suspects today.

    Earlier story:

    St. Louis Bosnians outraged about a deadly hammer attack in the city’s Bevo Mill neighborhood spilled into the streets Sunday night to voice frustrations over violence touching their community.

    “We’re just angry because we’re trying to protect our community,” said Mirza Nukic, 29, of St. Louis. “We’re just trying to be peaceful.”

    Nukic was among at least 50 people, mostly, if not all Bosnians, who briefly blocked Gravois Avenue at Itaska Street on Sunday night to protest the killing. The intersection was near where Zemir Begic, a Bosnian man who moved to St. Louis this year, was attacked by at least three teens with hammers early Sunday.

    Police said Begic was in his vehicle about 1:15 a.m. in the 4200 block of Itaska when several juveniles approached and began damaging his car. Police said Begic got out to confront the juveniles, who began yelling at him and hitting him with hammers.

    Begic, 32, who lived in the 4200 block of Miami Street, suffered injuries to his head, abdomen, face and mouth. He died at St. Louis University Hospital.

    White riots coming? Obama going get on TV? News media going run with it? Nope..

  • Reply to

    Dividend reduction question....

    by thebankguy Nov 30, 2014 3:30 PM
    fred357mag2000 fred357mag2000 Nov 30, 2014 4:50 PM Flag

    If spot markets stay in the $60's RIG will be forced to conserve money to ride the markets out or sell assets. Of course the distributions would be first on the table and not cut, just discontinued. They will follow SDRL's lead when earnings is announced. It's by far the most logical and prudent move for board members to make. Unless one has a crystal ball and thinks this is just a small bump in the road and all of a sudden all the warts and scabs over over supply will cure itself in 2015, then Happy Days are here again. If your paying any attention to what's going on, then obviously a short recovery time frame is a pipe dream. OPEC has drawn the battle lines on Shale and quite willing to ride this as long at it takes to put a BIG dent in shale production. It's just hard ball business. "Will we see $16.00 or less"? That's a much better bet than $25.00. NO drillers are a 'strong buy' at this time.

    Keep in mind Europe still is on the boarder line of going into recessions. Russia, obviously in 2015 will be in a painful one. China treading water. We have yet to even have a 10% market correction. DJ sitting at all time highs with everything fully valued for perfection and then some. We are on a bubble and any good sell off will take everything with it, even the beat down oil sector. Cash is king, Risk to Reward, figure it out. Look at just a six month chart, then tell me it's (RIG) a strong buy.

    I like to see anyone make a case that now is a 'strong buy'!! Posters who have been saying Strong Buy been saying it for a year or more. How's that advice stand up today. Not well... Save your cash until the picture looks brighter. Chasing bottoms sure way to the poor house. Someday the RIGS & SDRLS will be a buy, today, well decide for yourself and don't get fooled into what looks cheap just because it's down 50% in 6 months.

  • Reply to

    Information about Institutional Buying

    by mike_putnam2001 Nov 29, 2014 10:04 AM
    fred357mag2000 fred357mag2000 Nov 30, 2014 3:08 PM Flag

    "The smart money is accumulating Highlights": Well in just a few months the 'smart money managers' have egg on their faces. Just because big institutions are buying anything does not always equally out that they are the smartest bird in the flock. Predictions of a oil glut from shale are a year old and got louder closer to end of the year. Problem is few had their ears on when markets were flashing yellow.
    Just take a look how well Carl Ichan is doing with his brilliant purchases. The question is how so many so called brilliant people could not read the writing on the wall. Thinking they are some sort of investment gods obviously is flawed thinking. Instead of going to cash, they just doubled down on losing positions, much like we see here recommending 'Strong Buy' etc. It should be obvious to anyone with a clear head this is not going to be a short term event.

  • Reply to

    Information about Institutional Buying

    by mike_putnam2001 Nov 29, 2014 10:04 AM
    fred357mag2000 fred357mag2000 Nov 30, 2014 2:30 PM Flag

    "he guys doing the buying at GS must know what they're doing"! Obviously NOT!

  • Reply to

    can't believe RIG

    by chevymalibu1966 Nov 29, 2014 8:04 PM
    fred357mag2000 fred357mag2000 Nov 29, 2014 9:46 PM Flag

    "I am so stupid"! Don't feel bad, how you think Carl Icahn is feeling?

  • Reply to

    Buy Signal

    by mrkapmandu002 Nov 29, 2014 4:49 PM
    fred357mag2000 fred357mag2000 Nov 29, 2014 9:28 PM Flag

    "Buy Signal"? I think the market took it as a Sell signal as the obvious PPS reflects. Any company that's forced into discontinuing distributions is flashing a signal problems ahead, not a green light. Oil at $90+ the debt load is barely manageable, at $60 oil if this going well over a year this could be a $10 stock.

  • Reply to

    Buy Signal

    by mrkapmandu002 Nov 29, 2014 4:49 PM
    fred357mag2000 fred357mag2000 Nov 29, 2014 9:19 PM Flag

    " if they did not somehow deliberately sink the price of the their shares with the dividend total cut surprise, enabling them to make good their declared intention to rebuy a significant number of shares....They just created their own buying opportunity for this".
    Please tell me your just joking.

  • Reply to

    One or two year buy and hold question.

    by sd1440 Nov 29, 2014 5:14 PM
    fred357mag2000 fred357mag2000 Nov 29, 2014 7:14 PM Flag

    "Carl Icahn (who holds over 21 million shares) paid $49 for RIG shares a year ago". I bet Carl real excited with his purchase now! IF he was so smart, he should have seen the shale finds were putting a glut of oil on the market. Then if he was so smart, he should have figured out price is set by production & demand. When you have less demand, more production, then obviously prices come down. Lower prices, less demand, less need to drill new wells. The large volume selling is not just limited to investors! He made a huge mistake buying near a top and not taking into consideration of a coming glut of oil.

  • Reply to

    Not really.

    by ai6node4 Nov 29, 2014 8:46 AM
    fred357mag2000 fred357mag2000 Nov 29, 2014 4:05 PM Flag

    The issue from Saudi's side is markets have been doing just fine at $100 for years until Canada and the U S screwed up things with over supply from shale. Then they are of mind why should they be forced to cut output and income now because of shale production. Then if really comes true, and our production rises 1 million brls a day in next year, won't be helpful Any such actions won't be felt for a couple years or more. Being short or out is the only money maker here now. Taking a loss here may go against the grain and pocket book, but no doubt you will be able to re-buy cheaper.

  • Reply to

    SDRL Surprise

    by fred357mag2000 Nov 26, 2014 7:31 AM
    fred357mag2000 fred357mag2000 Nov 29, 2014 3:43 PM Flag

    Update: The Zephirin Group’s Longdley “Lenny” Zephirin doesn’t recommend “catching [the] falling knife” that is Seadrill until “a bottom is established” in oil prices. He explains why:

    The primary investment risk within the Offshore Drilling sector is no longer oversupply of rigs, but that cap-x budget will fall significantly in 2015 by 15-20%. We expect falling oil prices to shift oil companies’ long-term oil price expectations toward capital discipline, shareholders return, delaying projects and asset divesture.

    With falling oil prices follow by cap-x spending, we expect the coming oversupply of rigs to have a severe impact on utilization and day rates from 2015 through 2016 and possibly to 2017. Thus far, day rates have falling on average by 20-25% for UDW rigs and has yet find a bottom. Most recently, Seadrill Ltd. has signed a 3-year extension in Brazil for the West Taurus at an estimated day rate of $502k, down 23.8% from the previous day rate of $659k. Lowering our price target on Seadrill to $10 from $18/share.

    Woo, depressing target on SDRL. With oil over $90 the huge debt was not the 800 pound gorilla that it is today. Assuming over supply going to last longer...

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