The banks have been buying bonds to shore up their reserves do to some new requirements. Stealth QE. The government can get what they want using other methods.
MPC is actually undervalued compared to PSX. It has a higher growth rate but trading at a lower PE. THe actual price of each stock has nothing to do with comparing their value.
Sounds like the wine you are drinking came from pretty sour grapes. Your opinion is also a minority one because the residents of your state have now elected him 3 times (including the recall). I have looked at the economic sata for Wisconsin and they are pretty good considering what the US has gone through over the last 6 - 7 years.
WEC is also doing pretty good which is what I really care about, not listening to a political whiner.
Reports Q3 (Sep) earnings of $0.31 per share, $0.04 better than the Capital IQ Consensus Estimate of $0.27; revenues rose 5.5% year/year to $1.21 bln vs the $1.26 bln consensus.
Spectra Energy Partners reported ongoing third quarter 2014 EBITDA of $422 million, compared with $366 million in third quarter 2013. The 2013 period excludes a special item of $6 million in transaction costs related to the drop-down of assets into Spectra Energy Partners.
Co also announced a 10.5% increase in the quarterly cash dividend on its common stock to $0.37 per share from the previous dividend of $0.34
Emerson Electric Company (EMR) reported fourth-quarter and fiscal 2014 results, ended Sep 30, 2014. Excluding one-time items, earnings for the quarter came in at $1.30 per share which was up 10% from the year-ago quarter. Also, quarterly earnings beat the Zacks Consensus Estimate of $1.22 by 6.6%.
For fiscal 2014, the company reported Non-GAAP earnings of $3.75 a share which was up 6% year over year. Full year earnings were well above the Zacks Consensus Estimate of $3.70.
ST. LOUIS--(BUSINESS WIRE)--
The board of directors of Emerson (NYSE: EMR) voted today to increase the quarterly cash dividend from forty-three cents ($0.43) to forty-seven cents ($0.47) per share of common stock payable December 10, 2014 to stockholders of record November 14, 2014.
Cabot Corporation (CBT) announces the opening of its new mine in Texas. This mine will produce lignite coal and supply Cabot’s adjacent activated carbon manufacturing facility in Marshall, Texas for an expected 50 years. Furthermore, it enables Cabot to continue to serve its customers’ activated carbon needs for the purification of air, water and food.
The mine is part of Cabot’s strategic plan to assure long-term supply of high-quality activated carbon for the anticipated quadrupling of demand by coal-fired utilities. The mine will be operated by Caddo Creek Resources Company, a subsidiary of The North American Coal Corporation, and will generate over 40 new jobs. The mine is operational as of November 1, 2014 and is expected to produce lignite before the end of the calendar year. In preparation for the new mine, Cabot purchased an 8 million pound dragline that provides an economic advantage over traditional truck and shovel mining. The mine and dragline were inaugurated in a ceremony on November 3.
RADNOR, Pa.--(BUSINESS WIRE)--
Airgas, Inc. (ARG) today announced that Andrew R. Cichocki, President – Airgas USA, LLC will present at Baird’s 2014 Industrial Conference in Chicago on Tuesday, November 11, at 12:00 p.m. CT (1:00 p.m. ET). Interested parties may listen to a live webcast or replay until December 9 by accessing
Also own CELG and do not see that PE. 2015 earnings = $3.71 (PE = 28.5); 2016 estimate =$4.87 (PE = 21.7)
Merger with which company??? NI the Electric and gas utility or COLP the ticker for the new spun off company which will hold the pipelines, midstream and associated businesses. I believe the new company will be an MLP and the way the press release read NI will have no interest in it. Existing shareholders will get all the shares in proportion to their ownership of NI. In this case Nisource just wants to split the business whereas Dominion wants to control the MLP and use it as a way of raising money to build an empire.
Do not think there is anything wrong; however,it is something that has only recently become an issue and has not been discussed by our government in ant detail. Plus I think a lot of those in Washington have little knowledge of what is happening in both the oil and gas industries. The real problem is that the infrastructure in the US was built out from the old oil and gas fields and from refineries along the coast to process oil and gas from tankers. Example, Dominion's Cove point was an LNG import terminal. This week they finally got the OK from FERC to begin construction of the liquifier. We still import crude and LNG (in New England) Once we get all the infrastructure right we probably will not export any crude but be able to use it all in the US, Canada or Mexico. Most of the excess in the gulf coast is being refined and shipped to Asia. There is also a problem with Jones Act vessels to ship within the US. I believe KMI has a number on order which should help.
Dufus and Putz eh, well this dufus and putz could buy and sell you and by the way if you actually knew me you would never say that to my face.
Thanks for your post. I invest in a similar way and hold stocks in many different industries. I have owned EMR for about 4 years and in the industrial space also own MMM, CMI (I live in Indiana), CBT and ARG. I like dividend payers that increase every year. However to get diversity I also own some non dividend payers like Celgene which is a monster biotech, Under Armor and some shale oil companies. Now that I am retired I can listen to every quarterly conference call plus all the brokerage industry conferences where my companies present. The CEO's are generally pretty forthright and as a result there is often a disconnect between what they are saying based on fact and their relationships with their customers and the BS in the press and spouted by supposed experts on TV.
No and does not produce crude oil or Natural gas. PSX is a multifaceted energy company whose largest business is refining. It represents a little more than 1/3 of the company and is more dependent on crack spreads rather than the absolute price of crude oil. They also manufacture lubricants and market gasoline through Phillips 66 gas stations and some other brands. The company has been making big investments in midstream operations through DCP midstream (MLP) and it's own MLP PSXP. It owns 1/2 of DCP and the GP units and a majority of PSXP regular units. Finally they own 1/2 of CPChem. Chevron owns the other 50%. CPChem is a huge chemical company that makes primarily commodity chemicals.
Conoco Phillips (COP) is the E&P company and spun off PSX about two years ago to concentrate on oil & gas production.
You should read more of what is going on. Besides a RR investor I am a big rail fan. CP is actually one of the railroads that is screwing up the interchange in Chicago. CN for example bought one of the local Chicago interconnect rails and is able to skirt the city.
Do you need to listen to these TY personalities. Investing is about doing your own analysis and making decisions. In this case we have a company with great management, strong earnings and both revenue and earnings growth and a deep pipeline of products in phase 3 and 2 testing. In my 40+ years of investing you ride those till something fundamentally changes. Example: I bought AMGN in 1987 and rode it up into the mid 1990's only selling to pay for multiple college costs for children after average gain of 10 times what I paid for it.
Reverse may be true. The fact that they can clean up the 30% of water allows the E&P to reuse that water in the next well. Even more cost effective where pad drilling is going on.
Dominion created a separate company in the form of a MLP and dropped down certain qualified assets allowed by the IRS in exchange for all the units and 100 % of the general partner units. The GP holds the Incentive distribution rights.' In this case pipelines and the export facility were dropped down. Initially the entire company was owned by Dominion. They then took about 30% of the Units in the MLP and sold them to the public ( the IPO). This process raised around $400 million dollars to help finance the liquifier. AS time goes on Dominion can create and sell units in DM thereby using it as an alternative financing vehicle. The key is that Dominion is the GP and runs the company.
The problem is that their is no opportunity because the regulators will not let this happen. CP is also not run as well as you might think. The stock is up big because the railroad was falling apart and was saved by the current management but still has major issues. Plus the Canadian government has been pushing both big Canadian RR's due to problems handling last years agricultural produce. Record levels again this year. A better match would be UP which is the best run NA railroad. I also own shares in UNP and their CEO wants no part of a merger. This was discussed on their 3rd Q conference call.