You seem like a pretty smart guy when it comes to oil but I'm not so sure about your politics. I look at it as one snake two heads. Both the DNC and RNC take corporate bribes from the same people, both parties have plundered this country, both parties have now lost three wars (Afghanistan, Iraq and Vietnam) and both parties are totally corrupt and incompetent. The label Democrat or Republican is meaningless, they are both money laundering front organizations for same people and god only knows why we can't even get close to figuring out who THEY are. Robert Anton Wilson Jr. once said "if you can see them....it's not THEM" and George Harrison of all people commented that whoever you vote for....the government always seems to get in. Do we live in an Orwellian Police State managed by a totally lawless and corrupt phony government absolutely yes. But really...if you think John Boehner, ignorant drunk, addict and corrupt #$%$ he is is any better then the delusion and totally corrupt Nancy Pelosi I'd have to disagree. The only answer in my mind....arrest the entire US government.
I'm just curious. With a monthly dividend that exceeds 6% by what is acknowledged to be a well run company....why sell and take a loss.
Do you really see it that way? It seems like the media is just screaming oversupply, bulging inventories, lack of demand etc. And all that while Libya and Iraq are in total chaos due to the never ending failures and miscalculations of US foreign policy. It seems to me that it would take ISIS overrunning Saudi Arabia in the middle of the night to create a real oil price shock. And in fact they seem to be pretty good oil salesmen themselves so maybe even that wouldn't matter.
I tend to disagree. I bought the stock after listening to the CEO's last conference call. I don't think he's in unchartered waters at all. To me it was a Warren Buffet moment. I like the CEO, I think he has a good grasp on things and I believe he knows how to deliver. As another poster mentioned and I totally agree, this stock like virtually everything else out there is a small cog in totally rigged market and its just about your sense of where the real thugs want to take the share price and knowing how to use that to your advantage.
The frightening part is that everything seems to be manipulate. From the largest Vanguard funds to Fortune 25 companies.....so where do you hide and what do you do....other then to try and ride the coattails of the criminal elite and make your 2 cents along the way.
I guess that all depends on whether there is good reason for all the selling. I've bought into a few European equities and UK etfs including SAN in the hope that next year Europe will get back on its feet and until then collect what are currently rather nice dividends. What's your feeling about Banco Santander? I think the new CEO has that extra incentive to succeed given who her father was. I just don't know if that's enough to counter the current headwinds. Any thoughts.
With things this volatile and who knows what they'll be like after 2PM and 1 nanosecond today...what's the entry price? $68 and change or is $65 coming or something even closer to $60?
I bought 200 shares last month. My timing wasn't the best but I bought as a buy and hold with the hope that the UK would raise interest rates and Europe get itself back on its feet by mid next year....and of course collect an attractive dividend along the way. I still feel relatively optimistic even though things seem to be not going in the direction I expected. I'm wondering if I should double up on my shares should the price drop closer to $18.
Very interesting thought I hadn't even considered this angle. Of course it assumes the Saudis are really the Saudis and all the other players are who they appear to be. I've become skeptical of everything, I'm not even sure the US government exists. I think one could make a compelling argument that two totally corrupt money laundering front organizations who've given themselves a monopoly on power and lawlessness are merely masquerading as the US government. But back to COP, so I assume you are content to sit on the sidelines and collect your dividends until a new equilibrium emerges?
The perennial question? Given the all talk no action Federal Reserve and the continually evolving medical industry any thoughts on which of the three are a better choice if the priorities are first capital preservation, second yield and third return.
Anybody have any information on how regulatory changes in Australia might impact ANZ's expansion into Asia? Whether they might have to divest and sell off that part of the business and what the impact on the stock might be?
Hi WFTGLO....one of the things that has kept me from buying any Chinese stocks goes back about a year ago when the SEC demanded audited accounting reports from the Accounting firms the Chinese companies were working with. And basically the Accounting firms told the SEC they couldn't provide the information because these reports were considered "state secrets". The SEC seemed to take the position that either the firms provide the required accounting information or be de-listed. Since then I've been waiting for something to happen. Do you have any insight into this?
I'm also in the retirement camp. I owned PPL for a while and sold all my shares last year. Any concerns about all this talk about electricity usage going down, the impact of solar and wind and just the general trend of an industry that on one level seems to be struggling and looking to scale up in order to survive? The sub-text of all this is how safe are the dividends in the long term?
As much as I'd love to buy this stock I just don't see much in the way of new product either from Honda or Acura that is compelling enough to lift this stock to $40 or more. Though Honda sometimes confounds its many critics on the styling/performance front their many recent failures including the ZDX, ILX and RDX on the Acura side and CRZ and Crosstour among others on the Honda side seem to highlight a company more interested in telling consumers what they should want to drive then listening to what people say really want to own. Any thoughts?
Its been curious to watch the sudden run up over the last few days. Anybody think its going anywhere or is it a pump and dump with prices settling back to $40 with the usual people (us) holding the bag?
I have Time Deposits in both countries. In NZ I get 5.15% on a 5 year TD and Australia I seem to be only able to buy TDs of one year or less but I can still get 3.5% on 4-6 month terms. All this is down from the peak 5 years ago of 6.25%+ interest rates. I'm curious, on my $AU Time Deposits I pay the 10% non-resident withholding tax on my $NZ TDs I have no withholding at all. Are you NZT dividends subject to withholding tax.
I've done pretty well with Australian Bank bonds and stocks, telecom will be a new area for me.
I'm sure hoping you're wrong about the Hillary Clinton. Four years of no accomplishments, disaster after disaster in terms of failed policy and the usual Clintonesque corruption. But to be honest and I don't know maybe Romney would have been good....but I don't see any leaders or politicians that are capable of turning around this hollowed out train wreck that America has become.
Interesting idea, makes sense, in America's interest....obviously you'll never be in government nor will it ever be policy.
I took a small position in VCLT today and own two other Vanguard ETFs. I was drawn to them for a number of reasons one of which was my erroneous belief that they were not subject to the same level of manipulation as other stocks. If you've read Dark Pools, and watch VCLT, VGK, BLV among others you can pretty clearly see the pattern. I suspect what you saw a few weeks ago was part of that same game.
I'm thinking about starting a position in Telecom in the Pacific. I'm undecided between SingTel, Telstra or New Zealand Tel. My focus is dividends and some capital accumulation. Do you think Telstra is the best of the three?