When crude hit $130 he said it was going to $200. $130 was the peak. Now saying its bottomed, crude has a lot more to fall. Pickens is the perfect non-correlated indicator.
copper lately? Are you going to be like DB, i.e. holding the bag.
its piece of plastic like any other. in fact its less they offer less cash backs than Discovery's 5%. axp isn't even a value trap its just plain over owned and needs to seek its level.
3 billion barrels of excess storage now and filling up the little thats left. soon the gas station counter guys will be paying you to take the stinking gas off there hands. $29 oil means bottled water, milk and the barrel oil may come in are all more expensive. $10 oil and FCX BK is the bottom.
saying you are buying back $10b in shares and actually doing it, well you know. also at what price if it does occur? $20.00? capex and services cutbacks have yet to be felt and registered. 3 billion barrels of excess storage now and filling up the little thats left. soon thegas station counter guys will be paying you to take the stinking gas off there hands.
from a $140m profit in Q4 2014. What did you think the share price was going to go up?
key metrics here were missed by a mile.
the guy at the counter will be paying you to take his stinking gas.
yeah if rockefellar had his money today, at the peak of standard oil, he would be worth $1 trillion dollars. grouping all the billionaires alive today wouldn't come close to $1 trillion.
it costs them $5 to pull a barrel of oil out of the ground. drilling? its more like pushing a straw into a milk shake.
agree last rs below $1 in Sept 15. rs's keep the etn alive and with more oil price slide coming its means more losses for holders of uwti pre or post rs. rs's "don't mean a thing" - right, that's why CS doesn't do them..
of independent hackers out there working 24X7 to bring down networks, hi-jack bank accounts, etc etc. the market for cyber security products has no limit.
80% debt to equity - the grim reaper will not be denied