"Saudi Arabia has borrowed $4bn from local markets in the past year, selling its first bonds for eight years as part of efforts to sustain high levels of public spending as oil prices slump.
Fahad al-Mubarak, the governor of the Saudi Arabian Monetary Agency, said the government would use a combination of bonds and reserves to maintain spending and cover a deficit that would be larger than expected.
“We expect to see an increase in borrowing,” he said, according to a report in the economic daily Al-Eqtisadiah newspaper over the weekend. Analysts have estimated a deficit of about $130bn this year. The government, which had not tapped bond markets since 2007, has been dipping into its large foreign reserves, which peaked at $737bn last August, to sustain spending on wages, special projects and the Saudi-led air war on Yemen. It has drawn down $65bn since oil prices fell."
Great information Jackie. With 1.2 BILLION vehicles predicted to be on the roads here in the next 15 years, it is just a matter of time until this rockets back. These prices are very attractive if you can hold and collect the big divy.
Still going up in my area! Another 5 cents today? I wonder who is making the profits here? This coming quarter results will be interesting. Upstream woes will be offset by the downstream mega profits as they gouge us at the pumps.
If you sold, you have been bamboozled!
This is why the gas pump prices aren't going down. Downstream making a killing to offset the upstream woes.
"We expect our group of 10 America-based major oil companies and 12 independent refiners will report results either in line or better than current consensus expectations. We think the major oil companies will benefit from strong downstream and chemical performances as well as better than expected production volumes and a lower operating cost environment…In summary, we estimate the major oil companies will exceed consensus expectations by a median average of 30% while the refiners will beat by 9%…For our group of ten major oil companies, our revisions net to an increase of 16% in 2Q15 and a 7% increase in 2015"
Let me think about this...so if I buy now and let's say it takes CVX a few years to get back to $115? What is my ROI with the juicy 4.4% dividend? Can the genius' positing all of this fear and hate tell me?
Agreed....big oil is here to stay for a long time. I'm loading up at these levels and holding until I retire. (11 years from now). This is unreal and who wouldn't want a 4.4% dividend while waiting for this to come back?
I didn't lose in AMBA. I bought at $92 and sold at $110. This is what I'm telling the people on this board. Don't get greedy and you won't get burned. Take profits regularly.
Might I add....the Chinese are notorious for copying intellectual property and reproducing them cheaply. Please notice that the Chinese are not messing around and are buying AMBA's chips for their higher end cameras. DJI is putting them in their drones because of the superior picture quality. I do wonder how long it will take the Chinese to copy AMBA's sophisticated compression technology though?
AMBA camera chips are much more than Gopro. They are so technically superior that even the Chinese drone companies can't match the quality. This is a WS game today and I will be all in on AMBA if it goes back into the 80s. GLTA
The Fitbit has been around for years. You guys are delusional. It's not a new technology and any smartphone can do what it does much better. Everyone carries their smartphone with them throughout the day.
GoPro is actually a great camera with huge potential in the drone market. Fitbit is no GoPro.
Apples and Oranges my friend. Make a nice profit and sell. Don't hold this one too long. This is how you beat these WS dirtbags. They want you to hold as they know the average retail investor dreams of hitting the big one. It will never happen. They are giving you a gift right now to let it run, and when they are ready, they will pull the carpet out from under you.
You have it now, but if you don't take profts soon, you'll be like the chumps over at AMBA. LOL..