when speculators can purchase for 10 cents on the dollar--the mkt is easily manipulated
throw in the Sauds and their control it becomes very rigged--now the GOP will tell you it is free mkt (which I very much favor) but without control (rules/regs) it is rigged and manipulated EASILY
but the 1 analyst I do pay attn to --Fidel Gheit
Jim Volker (Whiting) said OPEC would cut 500,000 bll/day--WHOOPS
Hess CEO --John Hess said $80 brent is not likely--WHOOPS
Morgan Stanley analyst Adam Longson said brent would avg $107 / bbl for 2015 (we'll see)
#$%$ Pickens said the price of oil would NOT drop to $ 70 /bbl --W H O O P S
funny you left those "predictions" out ??
"cost cutting program, reducing 2.6 billion in fuel"--I would like to see the "details" of that -- perhaps purchase on a cash back credit card or they just realized fuel costs for the truck fleet is down so lets call it a "cost cutting program" and look like we did something?? I bet there is no "plan" other than the FE mngmt talk/schemes--you remember the billions spent on the "unregulated side" that would spur growth?? you remember the hundreds of millions spent to name stadium and how that advertising expense would show a return?? Of course there is NEVER full disclosure of ANY spending or schemes nor is there EVER a reflection in the financial health of FE much to dismay of stockholders..Let us know when the "details" are public and we can all dance at the savings and HOPEFULLY pay down of the tremendous debt
well the payout ratio is 30%+ --that is low especially when compared to other majors--so yea they can increase although the 5% increase folks are prob close in guesstimate
You don't understand FE mngmt--they have wasted billions with nothing to show for it (okay they got to name a football stadium) and are drowning in debt--the only solution they have is to keep filing rate cases and issuing more stock. They even sold off our hydro power. You cannot believe they have any concept or will listen to or look at any other utility?? They need to look no further than AEP (in their own backyard) to see the difference. Yet you will see the other owners here posting about the great decisions FE mngmt makes--it is numbing
just wait for the postings of the ignorant "drunken buzzard" or whatever his webname is--just sad. The other "bulbs" will post about Obama destroying the coal industry (I know he destroyed the oil industry because he halted drilling) and how nat gas prices are going to explode. It is quite a collection here. I posted about what a joke it was that FE would waste hundreds of millions to name a stadium where they don't even provide the elec power--you should have seen the responses saying that was bs etc--never any due diligence to see what power company actually provides that service.
so show us where you come up with 27 billion--and while you are at it / take a look at retained earnings year over year--see the growth--H E L L O
so 845 well completions would provide 373 MILLION bbls oil / day--do some math on that and see what each of those wells would have to produce -- you have no clue of what those numbers mean. How do you drill and DEFER a completion?? Does the wellbore get cased or does it just get left with mud?? You have no clue
There is no "storage space dilemma" of which you refer--IF you are ref Cushing that is about 10% of total storage in US and even Cush has plenty of room--you have NO clue
actually Feidel Gheit came out with an article this week saying XOM needed 80-85 oil to cover its divvy. I am a huge Gheit fan (he is legend in oil pricing) but I agree the earnings and coverage ratio looks really good and being integrated when suffer on oil pricing get a boost on refining side
I thought Reagan fixed the immigrant issue with his 1986 law??
well at least that joke of a ceo is done -- his damage to FE stock will linger for years. Worst disaster of putting a lawyer in charge since W put Brownie in charge of FEMA . R I H aunt tony you clown
" it might be a year till they needed to borrow anything again" ??
Did you read the latest report--did you get the new projects and cost estimates??
Did you look at 'cash" from year to year
ratings on debt--debt covenants--interest rates you know that stuff all adds up
"FE has tons of money borrowed"--that is an UNDERstatement / but yes a lot is from trying to pull out of-away from the nuclear exposure and building NEW (now not so much) plants
and these last few years what do we have to show for recent debt--N A D A--zip -- do da
not to mention MUCH more stock issued
maybe in your mind spending hundreds of millions to name a stadium so execs get perks is smart but to a LOT of shareholders it is NO way to run a utility (soft drinks or beer or airlines--maybe so??)
but that is just 1 perfect example of the waste that the ceo aunt tony has perpetrated--the list is LONG and true reflection of him--the board--and a lot of people that have NO clue
"We believe this will also lead to incremental returns going forward"--what does that mean to you?? As you can see this is MORE spending on top of more spending. Incremental --what does that mean?? miniscule--huge?? "we believe"--yea there are a boatload of "believers" in the last decades of FE spending--where are those "incremental returns"?? I see the debt--you show me the returns. NOTHING got "left out" it ain't there
smell some coffee. Disaster after disaster with this ceo and rubber stamping board. Show me the incremental returns for spending hundreds of millions to name a stadium--what got left out there was "we will not disclose these terms" What got left out?? -- the FE shareholder value