Am not sure if the news will be reported favorably or not.
Much of this bad news is already priced in.
The company must have made allowance for the monetary penalty already.
Would be interesting to see what the whistle blower will get or not.
The Pratt & Whitney business is not doing so well although other divisions are as expected. My prediction t goes down and recoups on Friday. I will buy after the drop.
Here is a table from Guginhiem's web page that shows the daily relationship between price, NAV & % distributions that is very handy.
I hold FMO, GBAB & GOF
I couldnt get any insight into their projections on the future from any of the featured companies in the link.
Take a look at this link http://www.investopedia.com/articles/markets/121114/how-union-pacific-makes-its-money.asp?partner=YahooSA
It describes where UNP gets its business from. It is a well diversified rail.
As a small framing contractor I rent my lifts no purchasing and bothering about storage and financing of such equip. The issue with URI imho is they also lease equip to oil cos, frackers and others that sub out a lot of their work to smaller outfits that rent instead of purchase.
Your asking too much from our gov. Although I see how the limited offerings your 401k can be harmful with oil loosing ground like this. You do have a choice though to call the investment co where your retirement funds are at and ask them for advice or to get out of any funds that are loosing ground. You should be able to get back in although they may have some restrictions.
Pl. call them up and dont sit back and watch your funds loose ground. BE PROACTIVE.
Guys u should also look at a 3xlevereged etf .DIREXION "BIB". Make the comparison with all others and see what leverage can do for u. It is volatile but the returns are spectacular if the trend continuos. They have other leveraged etfs FAS (financial), TNA (small cap) etc..
This is a v speculative instrument. Pl. do you own DD.
I suspect the pumping will stop if they cannt make a profit. Pumping will resume when prices rise.
Anything wrong with this simplistic theory?
The need for transporting the oil by rail is reduced once we go back and resume our oil purchases from cheaper sources/overseas. The already established mode of transporting the oil by pipelines and tanker ships is still in place and is utilized. Thus the demand for newer rail oil tankers is reduced.
As the supply from shale will not be shut down completely the need for refurbishing and building new tankers is reduced.
IMHO TRN & GBX as well as others will feel the pinch. I will be selling my holdings on Monday and wait for the dust to settle.
I wish we had a strong energy policy that would prevent such turmoil from taking place.
This is a sad turn of events.:(