The point is, hindsight is 20/20 and todays result is no guarantee of tomorrows so be mindful of what you project and the price you pay for it.
dont believe everything you read. Went to Antarctica and saw ice caps EXPANDING, great for penguin colonies, to the largest they have ever been. Spent an evening with scientists from Mcmurdo who were documenting the coldest temperatures ever. Its a very beautiful place, also stop in Falkland islands if you can. The game warden lets you walk right up to the colony there. And how exactly do you document something from the 1800s when you didnt discover it until 1950?
You are absolutely right, my mistake. And you'd be surprised how many you can buy off with the right offers. Look how Obama got Obamacare through in the first place. Let's face it, Obama is now the lamest of ducks.
I think that's 54 with Alaska and Louisiana and you need sixty now thanks to Harry Reid and I think McConnell is going to find 6 Dems that want to get reelected in the next election. And I don't think Obama is going to want to be overridden so watch for Schumer to raise money for opponents of anyone that breaks ranks. Maybe some concerned PACs will donate funds for anyone that wants to support good legislation.
I'm not short and I don't hate China. I would love to visit it. That said, I don't want to invest in a company whose numbers aren't subject to the same rigor as other companies. And I don't like the idea that the Chinese gov't is manipulating the stock price of a company listed on a US exchange. US and EU anti trust concerns have been raised for less. I'm not trying to insult or slander anyone and don't want to be lumped in with anyone who would do that.
And for clarification, AliBaba is the company name of the exchange call sign, BABA. AliPay is a separate company owned by the founder Jack Ma that originated within Alibaba but was spun off to Mr Ma before they went public. Since Yhoo owns approximately 40% of Alibaba they were paid a sum, not sure what it was, to reimburse them for any value in AliPay. It is expected that BABA will use AliPay to compete with Aapl, Paypal and other on line payment systems but until they either do so or go public and have to spell something out, its all speculation about Jack Ma's intentions.
Doesn't the Chinese gov't own half of BABA? And don't they include gov't procurement into their numbers? How can you believe any of their numbers? The company looks great but its whatever they want to say. And it makes me queasy to send all that capital to a communist country that is building the biggest war machine the world has ever seen and doesn't let American companies compete on a level playing field in China. Can Chinese citizens invest in American companies? I don't think so. Good luck to them but not for me.
I should have said essentially the same company since they "share" the same assets. In any case, you are asking for an audit imo. Better to harvest your loss and revisit again in 31 days. In any case, apparently the problem is not a global oil glut but a US oil glut because we no longer have enough infrastructure to move the oil around to where it can be used and we cant export it either. So too much supply in the US should push the US price down, while the global or WTI price stabilizes as it appears to be doing. That would explain why the Saudis aren't dropping production. But the small E&P companies in the US who cant raise cash are vulnerable to over supply and therefore dropping prices. I've heard it estimated that the price might hit 70 before it begins to recover. And I guess LINE was considered one of those smaller E&Ps. I don't know if that's accurate with the deals they've closed and the hedging they do but they are starting to look pretty cheap down here.
Why wouldn't one of the big oil conglomerates come in and buy LINE here? Its trading right around book. Heck, XOM could get all the land for development and all the cash flow at a substantial discount to what they already agreed to pay for it and they wouldn't pay out 12% either. And they don't have to worry about raising cash, which, by the way, is still remarkably cheap and looks to stay that way for a long time and it would replace Russian production as well. Just a thought.
This is the quiet period. They re not allowed to say anything. Suggest you listen to the earnings conference call before you make up your mind.