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Amgen, Inc. (AMGN) Message Board

igmos00 4 posts  |  Last Activity: Apr 6, 2015 4:53 PM Member since: Jul 10, 2008
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  • are admitting that they need to raise prices if they don't want the situation to get out of hand in the future. In fact GS has been sending messages that amount to nothing but noise for years now. The Saudis need to get price stability or a spike is very much in the cards, regardless of what GS says. The Saudis need to think long term and concede market share. The current price is dangerous for EVERYONE. Hopefully they will get it sooner rather than later.

  • for the fracking industry is that if they show up in Washington asking for political action on exports they will be perceived as bankers asking for a bailout. I KNOW IT IS APPLE AND ORANGES. But perception matters in politics. They are going to have a tough time getting anything done because it is not clear who is going to fight for them. Perhaps Texas politicians but that is about it.

  • igmos00 igmos00 Mar 15, 2015 12:30 PM Flag

    Hamm explains that in the video. It is an issue of the blends the refiners can use. The US refiners still need to import because they use a heavier blend. Hamm knows all this of course. However the message is just slightly complicated and that is enough for the political wheels to turn slowly, as you yourself demonstrate with your skepticism. So this is a problem for him. It will be harder to get the restrictions fully lifted than he anticipates.

  • HE should have been busy lobbying for that well before taking the hedges off. The fact is that there is still a level of false hope and shale will pay the price. So yes it is true that the Saudis are exaggerating but as long as crude can't be exported then there is no reason to invest here -- which is why whiting is looking for a buyer.

    Hamm made a mistake. And the pain will not just switch off.

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