cheery little post. I can tell you from my perspective, I bought below a buck and again just above a buck. It has not gone up a few cents then down again. Look at the charts. Yahoo will do the hard work for you. Just pull up the 6-month or 1-year...........you flat headed dolt with buck teeth......
careful not to solicit for money to pay a photographer to go check it out. Remember what happened to Bumpy? Just let it be. They will tell you what is going on.
no, not really. Its a ruling regarding mercury emissions from burning thermal coal. Has nothing to do with met coal, which is what WLT is primarily producing. If you own any WLT, sell now on this pop.
says this message board is for complete doosh bags. Enjoy your dooshdum.....
say what????? A blast from the past. Holy schmollies. Hehehehehehehehe
you talking to tom? I am still here...have been for years....going nowhere fast. Might sell my regi shares one day of they "pop".....only with the intent of buying back in at a lower price. It has been slow and steady upwards.......which is great.
good point. Chevron has always paid a divvy. Never missed one, never reduced it. Amazing record. Wonder if they can keep it up? Probably. Getting a very secure 4.2% divvy taxed at a lower rate than income......priceless.
not quite. GE pays zero in corporate taxes.....different...very different from income taxes. So does Facebook, google, apple, Microsoft, amazon, etc... All those big tech companies with billionaires at the head. Those individuals pay zero in income taxes as they have found a way to call it "capital gains". They pay a flat 20%. That is why they pay a lower rate than their secretary, as Warren Buffet points out. The secretary has to pay "income taxes" like me. You start out with the 12,4% SS tax, throw in a few more percent for medicare/medicade, add state taxes, then federal income taxes. I pay:
Fed income taxes....33%
state income taxes...7%
SS taxes...................12.4% (on first 100k then zero)
Medi taxes..................2.8%....(cannot remember exactly)
Total taxes.................46% (using a weighted avg. on ss)
You can see those paying income taxes almost certainly pay more than the capital gains category, even those down near minimum wage. That is the way it is and has been for quite some time....from both sides of the isle. Now you guys quite your #$%$.
some quick math......they have $3,000,000,000 in debt. All the shares of the common are currently worth $24 million. In other words, the stock is right now.......almost worthless. No way to get out under $3 billion of debt at an interest rate that credit cards charge. This is what Bankruptcy protection is for. Chapter 11 is not a complete bankruptcy....it gives the company a chance to operate with paying the interest or principle on their debt. It goes into a trust........well......you know the rest of the story.
yeah.....quick, let me offer you money for almost $3 billion in debt. Huh? If there were any value, Walter could easily buy all the shares and take private right now for about $30 million. Why have they not? Hummm?
Its a complicated argument. Oil extraction taxes huge amounts of capital and of course there is risk. I have drilled dry holes and hit winners (the winners were not mine as I was just an employee working for a major). Lots of research, etc... Huge volumes are at work and a massive scale. Enormous demand around the world. 70% is for transportation. That is huge. Huge ships, pipelines, refineries along most of the coasts, gas stations everywhere, trucking....the whole infrastructure of oil. Then there is the other 30% that goes to plastics, the pharma industry, the chemical industry, the metal rolling industry, the wax industry, cosmetics, etc...
Of course biofuels cannot compete with this. Heck, the US big oil has a hard time competing with OPEC...as we are seeing right now. RFS2 eventually will result in a balance between supply and demand. That tax credit in the beginning got every tom, #$%$ and harry into the game...including me for a brief time. The feedstock supplier eventually got all the money, raising the chicken grease price with the price of biodiesel, including RFS2 and the tax credit. So forget the tax credit, do not think it helps. But RFS2 requires...mandates... a specific volume be blended by all those big oil refiners into our fuel supply. That demand will.....should.....I hope......result in a better balance and hence...a higher regi stock price.
If you go to a bio conference and talk with the scientists....you will find most of them know the ultimate answer is going to be algae to biofuels......they just do not know when.
How precious. Politicians promising to do something past everyone's lifetime in 85 years. You don't "phase out" carbon and hydrogen atoms.....or "hydro-carbons". But "carbo-hydrates"....thats OK? Too funny. Thanks for that advanced.
Actually, its because of bankruptcy. Remember, in BK, the debtors are first in line. So all cash and assets sales....if any....go to them. The common gets wiped out. That value goes to them....hence the slight upgrade.