Thanks, China...keep posting. I agree with you, and its nice to see a decent post on this board for a change.
Can't stand the spam.....I also am looking to get into PAAS...any opinions?
I own AXU and for gold, TGD.
CVN, HESS, EXXON, RDS, etc....all will have a significant drop in oil revenues. This hurts everyone...investors with mutual funds owning major oil company stocks are getting really hurt to the tune of $390 Billion...that's serious money.... It hurts banks, particularly in the oil/gas producing states...Layoffs will occur, not only at big oil companies, but in all those ancillary industries that support them and their business...companies with more debt than they can support, the smaller medium size outfits will be in dire straits if the price of oil stays below $60. for any length of time...below, $50 its even worse...below $40. is a catastrophe....while I'm preaching to stay away form any investment in the oil/gas industry, I stupidly own KNOP, SFL, and PGH.....have a nice weekend. I am going to have a good stiff drink....
Your are right, Keebon...I am stuck with PGH now....I think its a survivor though. Others, with debt to revenue ratios of 2-3x or more, may not survive....take a look at LINE, BREIT energy, Legacy, and others as to their debt and you can understand why they took such a big hit as opposed to some of the others.
I own PGH...and I am losing money on my purchase at $2.60....I would not buy anything here...they will all be had for lower prices....I like KMI, OKE and BPL(?) Buckeye Pipelines.....but only after the drop in oil prices is over....these will be lower in price by then...oil going under $40, then I think the worst is over.
Also, who is in the back end of these wonderful hedges??? (Price Insurance...remember AIG???)
Just because you have hedges doesn't mean you will get paid...remember AIG.....somebody is going to be caught with a big bag of S#$T when the piper needs to be paid....we could be looking at another financial crisis if the price of oil does not stabilize and soon.....
Very true, Mark...
Yes, the funeral business is unique....and their deal with the Archdiocese of Phila. will be a cash cow.
One of the hidden assets is their large fund of monies allocated for perpetual care of graves....it costs way less to actually care for the graves than the monies collected for perpetual care, so this fund just builds and builds...its the hidden gem of the cemetery ownership business.
What else is new?///
Thank you, you stupid blond #$%$.....what's funny is she loses all in the end because the hedgies will not allow her to keep the company in tact.....what a waste.
And YHOO will be down 5% on the news....she knows to get rid of BABA or the Japan assets would make the remaining assets ripe for takeover, which would mean she is removed from power....we need a proxy fight to get the full worth of our investment here....I hope Starboard has the balls to follow through with this....
Hope your right....long 5000 shs....options are not favoring one side or the other...straddles indicate a move of 5% up or down....no one seems to know. You would think there would be some leaking of info by now.
Big day for me...one way or the other. I hope that Marissa does the right thing for shareholders, and does not dig her high heals in because of her ego....she has to know that if the stock tanks because of her, she will be under severe pressure to step down....the value of BABA must be returned to shareholders in the best/least taxable way possible.....what do you think, Mark?
Good purchase.....I was wrong.....I own TGD and AXU....they have done well in this spike in PM prices....but....will it last? They might...especially if the Chinese do the same with their currency and eliminate the peg with the dollar....the yuan will skyrocket and so will Gold.