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ConocoPhillips Message Board

low_mac 195 posts  |  Last Activity: 2 hours 10 minutes ago Member since: Aug 21, 2001
  • The S&P 500 is just 9 points off a trigger point that will see it tumble 30 percent, veteran trader and economist Steen Jakobsen told CNBC on Thursday.

    http://www.cnbc.com/id/101550506

  • These days, energy companies from Texas, Canada and Ireland are going after exploration and drilling permits in hopes of capitalizing on geology that indicates Spain has a sizable chunk of the 883 trillion cubic feet of natural gas in shale estimated to sit under Europe.

    http://www.bloomberg.com/news/2014-04-02/foreign-frackers-now-find-comfort-in-water-hungry-spain.html

  • Take some off the table the first week in May, “Sell in May and go away”.

  • Reply to

    Wal-Mart unveils futuristic truck

    by low_mac Apr 1, 2014 11:02 AM
    low_mac low_mac Apr 2, 2014 11:43 AM Flag

    All the panels on the trailer are carbon.

  • I can not answer that question until after the full investigation has been completed.

  • Trailer is made of carbon to make it lighter.

    http://www.cnbc.com/id/101540310

  • Is Optimus Prime now working for Wal-Mart?

    http://www.cnbc.com/id/101540310

  • low_mac low_mac Apr 1, 2014 10:45 AM Flag

    If they prove GM filed fraudulent BK filings, they may not be protected with the BK. That shield could go away.

  • Colorful CME trader Tres Knippa thinks crude is a raging buy at $100.

    https://finance.yahoo.com/blogs/breakout/why-crude-could-gush-over--150-192338627.html

  • Reply to

    Another SA article out this morning

    by cozy_corolla Apr 1, 2014 4:22 AM
    low_mac low_mac Apr 1, 2014 7:52 AM Flag

    We should be up at least $1 on this news and not some mere 15 cents.

  • low_mac low_mac Apr 1, 2014 7:34 AM Flag

    Well nobody can say I did not pay my share of taxes, I filled a 1040-EZ. I think every tax payer should file a 1040-EZ and put a stop to all these people avoiding to pay their full share in taxes.

  • BHP Billiton is considering spinning off its nickel, manganese, and aluminium businesses into a separate unit as a way to boost shareholder returns amid an industry-wide drive to increase efficiency.

    The Anglo-Australian miner said on Tuesday it was studying the next phase of its “simplification” strategy, which included structural options, in response to speculation about its plans to sell its slower growing non-core units.

    “We believe that a portfolio focused on our major iron ore, copper, coal and petroleum assets would retain the benefits of diversification, generate stronger growth in free cash flow and a superior return on investment,” BHP said.

    “By increasing our focus on these four pillars, with potash as a potential fifth, we will be able to more quickly improve the productivity and performance of our largest businesses.”

    Shares in BHP climbed 1.6 per cent to A$37.05 in Sydney on Tuesday.

  • BHP Billiton is considering spinning off its nickel, manganese, and aluminium businesses into a separate unit as a way to boost shareholder returns amid an industry-wide drive to increase efficiency.

    The Anglo-Australian miner said on Tuesday it was studying the next phase of its “simplification” strategy, which included structural options, in response to speculation about its plans to sell its slower growing non-core units.

    “We believe that a portfolio focused on our major iron ore, copper, coal and petroleum assets would retain the benefits of diversification, generate stronger growth in free cash flow and a superior return on investment,” BHP said.

    “By increasing our focus on these four pillars, with potash as a potential fifth, we will be able to more quickly improve the productivity and performance of our largest businesses.”

    Shares in BHP climbed 1.6 per cent to A$37.05 in Sydney on Tuesday.

    BHP’s statement to the Australian Stock Exchange came after the Australian Financial Review reported that the miner had appointed Goldman Sachs to develop a proposal to spin off its non-core assets into a separate company that could be worth up to A$20bn, and listed on the London, South African and Australian stock exchanges.

    Glyn Lawcock, UBS analyst, valued the assets at half the A$20bn figure, and said: “BHP has already made it clear these assets are non-core and have become a distraction. By focusing attention on its core business, the company probably feels it can generate better earnings growth.”

    Mr Lawcock said distributing shares in a newly demerged business to existing BHP shareholders may prove a less risky option than attempting an initial public offering for a separate business. He said it may not be easy for BHP to sell off the large number of non-core businesses it has on its books.

    BHP – the world’s largest mining company by market capitalisation – and other global miners are on a drive to boost shareholder returns and efficiency after disappointing investors in recent years.

    Since his appointment as BHP chief executive last year, Andrew Mackenzie has stressed that he would actively manage the company’s portfolio of businesses to boost shareholder returns.

    BHP recently sought buyers for its Nickel West operation in Western Australia.

    “The rationale for spinning off the assets comes down to capital allocation and the tension between the desire to boost shareholder returns and invest in new projects,” said a senior banker who asked not to be named.

    “It is more efficient to release these non-core assets, which are not a priority for BHP, which can then seek capital on the market.”

    Goldman Sachs declined to comment on whether it had been appointed by BHP to explore a spin-off.
    In its statement, BHP said the simplification of its portfolio was a priority that it has been pursuing for several years.

    “In the past two years alone, the group has announced or completed divestments in Australia, the US, Canada, South Africa and the UK, including petroleum, copper, coal, mineral sands, uranium and diamonds assets,” it added.

    “Any course of action remains subject to detailed review and an assessment of alternatives.”

    BHP has a history of spinning off non-core assets. In 2002, it demerged its steel business, which subsequently became BlueScope Steel.

    BHP shareholders would have to approve any plan to demerge and spin off its non-core assets in a single unit.

  • low_mac by low_mac Mar 31, 2014 2:26 PM Flag

    Dow up triple digits, transports up triple digits, everything up nicely today. At least ALU is in the green and up a penny from all the good news we have had.

  • Reply to

    New SA article out this morning

    by cozy_corolla Mar 31, 2014 7:19 AM
    low_mac low_mac Mar 31, 2014 9:14 AM Flag

    LOL, I can tell you did not read the article you posted to see all the hoping that was in it. Go back and read the article and just do a little DD.

  • Reply to

    New SA article out this morning

    by cozy_corolla Mar 31, 2014 7:19 AM
    low_mac low_mac Mar 31, 2014 8:02 AM Flag

    Hoping for this and hoping for that. I hope it was a good article.

  • Reply to

    My prediction

    by sam.deanj Mar 30, 2014 10:06 PM
    low_mac low_mac Mar 31, 2014 7:53 AM Flag

    Come on, it was the hand set unit, not the wireless network.

  • low_mac low_mac Mar 31, 2014 7:35 AM Flag

    General Motors Co. (GM), after months of studying ignition-switch failures in the Chevrolet Cobalt, canceled a proposed fix in 2005, when a project engineering manager cited high tooling costs and piece prices, according to documents obtained by U.S. congressional investigators.

  • GM has recalled all of its 2014 Chevrolet Silverado 1500 and GMC Sierra 1500 pickup trucks — its best-selling line of vehicles — as well as its brand-new 2015 Chevrolet Suburban, Chevy Tahoe, GMC Yukon and Yukon XL SUVs with 6-speed transmissions.

    http://www.usatoday.com/story/money/cars/2014/03/29/gm-recalls-sierra-silverado-tahoe-yukon-oil/7069681/

    Next GM will be recalling ALL cars and trucks.

  • low_mac low_mac Mar 30, 2014 1:04 PM Flag

    And lets not forget the Obama administration sold their stock at a loss before any of this hit the public on the information of the recalls.

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