More likely the market is pricing in some refinery closings leaving more crude on the market. But that's a short term issue. If the world economy or the US economy strengthens, then crude should do better. Longer term, I doubt its an issue at all. Depends on your time horizon.
The oil doesn't go away. Some of the smaller companies may go away. Hero is going away. But Hero's assets don't go away. The oil or shale or gas or whatever the asset is doesn't go away. It simply waits to be exploited by someone else at some future date when its more economically sensible. So? In the longer run, what exactly did the Saudis gain by all this? They put some little oil companies out of business? So what? Could someone please explain the lasting effect of all this sturm and drang.
Simply awful, got out a long ago but feel sorrry for the people who stayed. Just shows to go you. Never listen to the talking heads on CNBC making a killing on the naive elderly looking to survive in a 0% economy. And now a 0% increase for SS. Just shameful.
You gonna sue Cramer or Barrons? Or maybe the SEC and how about Hedge Eye. And why doesnt XOM buy them already and put them out of their misery.
Upgraded by Raymond James. LNCO to strong buy and LINE to outperform. I think it was LNCO to 15 and LINE to 14. And I couldn't believe I read the upgrade in Barrons!
Talk about Goldman beating a dead horse. At 22 it would have been prescient at 12 its silly. And they upgraded about everyone except BP and STO and a few other mid stream players with "commodity price exposure". Go read the article, don't take anyone else's representation. Too many liars out there with their own agendas.
Heard a report that there were people, not sure who they were, who were trying to steal gas and set up their own line. How stupid can you be? Still two people missing and the street is closed. Three of the four buildings involved collapsed and one is still closed by the FDNY. What a great bunch of guys, heroes. Also brave neighbors helped people out of their apts, down fire escapes. The Village is a mess with nearby businesses closed or nearly closed. Its going to take a long time to heal.
The Mayor and the Head of Con Ed are giving a news conference and according to them, Con Ed was called to the building at 2PM to inspect the site of an additional gas meter for a yet to be built new gas line but it did not pass inspection. But had there been a gas leak at that time, the inspectors should have smelled it and they did not. Presumably the contractors people were part of the 12 people injured in the blast. The police and fire department should get to the facts and release them as soon as possible.
And you own it the day you buy it, not the date it settles. And normally your broker requires that you have money in your account to cover any purchases before they allow you to consummate a sale unless you are qualified for margin in which event you are borrowing the money to cover the purchase. Very tempting to do at todays low rates but usually a fools errand. Don't bother.
NO, NO, NO, Listen, You MUST own a stock ONE DAY BEFORE its X Div date to qualify for the Dividend. If the XDate is March 12, then you must own it at close of business on March 11. XDiv means the stock trades without the Div. So you must qualify as an owner before that event. Got it?
Not really, you got it backwards. Just listened to an interview with Meg Whitman who said PC sales were great. It was printers that hurt them and Japanese competition. The dollar is way up vs the Yen so the price of Japanese printers is hurting them badly. Get your facts straight.
Same Social Justice language they are pushing everywhere else. They might be dangerous if they believed one Orwellian word of it.
That said, terrific qtr., kudos to DTE.
and get it fast. You might still be able to roll your traditional IRA into a Roth by paying the taxes due but this is an option that the WH is talking about doing away with.