AK Steel gets a bid and there's dancing in the streets. LOL. When MT is back above 50, you'll know that there is a worldwide recovery and steel is a solid investment.
Actually I listed a s*load last night through 1 am EST. This morning, I began having trouble listing new sales items and relisting items around 1030a EST. Just an FYI.
HSBC is holding to $90-95 oil for 2015. Nat gas prices continue to rise and excess inventories will begin to taper as the cold season progresses. Wha??? You don't think that the ridiculously low price of coal may budge upward because of rising oil and nat gas prices in the near future?
Oh boy. Now I know that science is not a priority in US public schools. Don't worry sweetheart. CO2 would have to increase to a significant proportion of the Earth's atmospheric makeup to become problematic. PS the current percentage of CO2 in the atmosphere is 0.04%. When we hit 0.40% you might want to take note, but this increase will never result from "anthropogenc" causes (and the other causes would probably have already wiped us out, so don't worry, be happy, until that large extraterrestrial mass lands in your back yard, chicken little).
Eric Jackson who pounded AOL+YHOO a while back basically said the idea of the combination is permanently dead and that Meyer is looking at another tax saving strategy which has nothing to do with AOL.
PS I am sure that the fine boys at Starboard Value are making lots of moolah. Predatory narcissists usually do. However, if they had significant gravitas in the industry, don't you think they'd have a better website? Honestly, their website looks like it was put together in MS Publisher ala a decade+ ago along with the fact that it's nothing but a vacuous PR page (or shall I say 4 pages). Er um, thoughts from other peanuts in this gallery would be nice. A 1% stake in YHOO which has BIGGER fish playing with it (and bigger fish like Softbank interested in playing house with YHOO) and an almost 3% stake in AOL doesn't seem like enough clout to make either Armstrong or Meyer say more to these clowns than "we'll do lunch, soon, I promise". I am shaking my head as to why Wall Street and the younger (like late 20-something) analysts on the Street are foaming all over CNBC & Bloomies about Starboard's wishes? This feels more to me like "Blue Horseshoe says Teldar is in play" than a real takeover coup in the making. Thoughts?
Friends in the Valley put solar on all their homes saying that it was cheaper to install these systems (especially with the nice Federal kickback at the time) than to pay for power over time. Their previous energy bills were so ridiculously high, they broke even on their investment in a year per home.
If energy is seen as high by Silicon Valley executives like my buds, I can just imagine what the average middle class person in California thinks about their energy bill.
Just look at what Starboard's BS is doing to AOL's price. I wonder if they dump all AOL over 53.
Hey Ben.... lay off on The Land of Lincoln. Really, it is a fantastic state except for the #$%$ which resides on the South and Southwest side of Chicago. ;-) PS Obama is not one of our sons - he is another opportunistic rabble rouser like the Rev Jesse and needs to disappear once and for all after 2016.
Carbon recapture and minimization of mercury emissions = so-called "clean coal" . The problem with converting existing generation plants and/or building new power plants is that the "clean coal" process adds a huge cost to the ultimate use of the product. If oil and nat gas were high, coal would be popular.
Any thoughts from the peanut gallery whether this is a pump and dump or that there is something really brewing behind the scenes this week?
The movement since Tuesday in ANR is not specific to ANR (ACI traces almost exactly with ANR). If the sentiment remains that coal as an industry might find some footing with our political changing of the guard, then ANR, barring some catastrophic announcement specific to ANR, will continue to rise in tandem with the other coal players. I'd bet on a range between now and the end of the year from 1.99 (I think we fluctuate wildly this week and head lower before we go back up to today's high) up to starting the new year at 4 ish. A push higher than 4 needs some good guidance from the company and the government.
Of course, my magic ball is as good as anyone else's which means my opinion is a POS like everyone else's unless it comes true.