Or could it be the Phase 2 trial info in the news last week. This stock has done little recently so the news may take awhile to catch up to many investors.
Sept. 3rd Cowen & Co. 7th Annual Global transportation and Aerospace/Defense Conference. CEO said they have bought back 25% of the stock and they are not going to split the stock and throw a bunch of shares out there. Especially since the split has no economic impact.
Dennis Gartman was on CNBC fast money today and thinks oil has bottomed but that Brent will soon trade under WTI. This was the case about two years ago.
Golden Cross. But it is not significant unless the move is followed on. Too many times in stocks they go back and forth and never break out. Last time this happened the stock was about 50 cents in mid-2012. It then did break out and ran to overt $2.00 a solid 4 bagger. Since then the stock has been trading on fundamentals or lack there of. We can't go up on hype forever. There seems to be some progress in the business on the horizon.
Solution!! Sell the E&P company. Utilities have gotten rid of their production companies except for this turkey. Take the money and buy adjacent utilities. E&P eats capital. This company is all over the place. They need to concentrate into utility and pipeline businesses.
Over the last month DNKN up almost 9% while the S&P up 1.5%. The hype over California openings must be having some effect as investors in general seem to be having trouble figuring out whether market is over valued and trying to determine impact of other global events. Still trading 5.5 points under 52 week high.
Cabot Corporation to Present at the Credit Suisse Basic Materials Conference
Business Wire Cabot Corporation
September 8, 2014 4:05 PM
Cabot Corporation (CBT) announced today that Patrick Prevost, President and Chief Executive Officer, will present at the Credit Suisse Basic Materials Conference on Tuesday, September 16, 2014 at 1:45pm (ET).
A live webcast of the presentation, along with the slides and replay will be available on the investor section of Cabot’s website http://investor.cabot-corp.com.
Cabot Corporation (CBT) is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and specialty carbons, activated carbon, inkjet colorants, cesium formate drilling fluids, fumed silica, aerogel, and elastomer composites. For more information on Cabot, please visit the company’s website at: http://www.cabotcorp.com.
Commodities are falling. Why would anyone want to own them. There has been huge investments made in the last 15 years and it has now led to over production, particularly in metals and agricultural products. The last 3 times this happened there were a great secular bull markets. The last 1982 - 2000 was the greatest all. When we broke out of a 14 year trading range in March 2013 it was the beginning. Prior to that we were just digging out of the great recession. Low and steady commodity prices always lead these moves.
The biotechs like anything else can get caught up in the overall market. Remember there are lots of momentum / chart traders who don't care about the fundamentals. Think about it this way. Amgen which is a little more mature as a company has a market cap 4X larger. REGN has at least as good a pipeline going out into the future. I look at this as a long term investment that can go many times what it is today. Just relax and forget about day to day swings. I owned AMGN many years ago and only sold to make tuition payments for my kids. I sold the last block at 12X what I paid for them and the shorts over the years were always trying to shake out the weak hands.
Sometimes even a great company like CELG sells off some with the market. There are plenty of momentum traders who do not really care what companies do. They just follow the charts.
Oil will bounce back. It is down for at least 2 reasons. 1. Stronger dollar 2. Refineries down for maintenance which happens around this time every year. May be in combination with producing more heating oil and less gasoline. In any case the storage tanks have filled up due to less refinery demand. Generally not much of a problem because at least PSX exports excess so they can keep refineries going full tilt.
NEW YORK (RealMoney) -- Where she stops, does anyone know? I am talking about the unexpected breakdown of oil that seems to have breached levels that I know very few thought would be taken out.
The selloff in these names, a selloff that is now reaching every single company's stock in a violent fashion, signals to me that people fear a huge breakdown from these levels.
I think that there were many longs betting that some of the turmoil overseas would impact supply. Instead it's impacted demand!
In the meantime, we keep pumping and pumping and it's getting a little claustrophobic.
Still, the higher-yielding oils are coming down to their fixed-income equivalent levels. They are getting very attractive for those of us trying to accumulate positions over time, as we have been in Action Alerts PLUS.
But we don't have any of the high fliers any more, having offloaded them into strength, taking some terrific gains.
Nonetheless, I think it's almost time. These stocks are in some incredible paroxysms of pain and I think it's time that you try to figure out which domestic companies might be getting interesting again.
I still like Apache (APA) , Anadarko (APC) and EOG (EOG) and would love to see Marathon (MPC) and Occidental (OXY) go lower. But the higher yielders? I think these are very attractive levels to start grabbing some if you haven't already.
HOUSTON, Sept 3 (Reuters) - Phillips 66 is buying more railcars to eventually move up to 185,000 barrels per day (bpd) of North Dakota Bakken crude oil to its refineries on the East and West coasts, Chief Executive Officer Greg Garland told analysts on Wednesday.
The fourth-largest U.S. refiner already has bought or has on order 3,200 railcars. Garland said during a webcast of his presentation at the Barclays CEO Energy-Power Conference that the company has ordered another 500 railcars to increase its fleet to 3,700 railcars.
On Aug. 1 the company's 238,000-bpd Bayway refinery in Linden, New Jersey, received its first crude-only train at the plant's newly expanded offloading system. The system can take up to 70,000 bpd, in addition to up to 75,000 bpd from a joint venture with Global Partners.
Phillips 66's 30,000-bpd offloading system at its 100,000-bpd refinery in Ferndale, Washington, is on track to start up in the fourth quarter, Garland said.
late August, 2011 the spread was $27.67. Merrill Edge Trading has a chart on line but you have to run the cursor over it at the high point to see the result so the amount I listed may be off by a few cents. On July 18th - 2014 it was as narrow as $2.20. The spread is all over the place and feeds off news events and inventories. A friend of mine worked for a huge international trader that also took possession of the oil for customers. They had 100's of chartered oilers at any time in the ocean loaded with oil. I doubt this ws even factored so the numbers that people traded off of are meaningless. A month from now the spread could be back over $12. This is a factor in owning PSX; however, the fact that they are also involved in chemicals, midstream, NGL marketing, own gas stations, have pipelines and increasing volumes in specialty oils makes this company a long term investment. Finally, as a percent of the business refining is becoming smaller and required little in CAPEX.