VLCCF below 22,000 and suez below 16,000 Red ink time thus the stock price is dropping being slow to react to rates. Those higher rates that turned the loss downward last quarter are gone pal and until they come back no profit for FRO or other Tankers boys.
Wait to rates turn around before buying back in.
I sorta like the idea of a Franchise law but lets make it apply to USA goods verses Foreign goods.
Let the States decide as the Federal Gov is clearly bought off by Global interest.
Come you states rights right wing guys is this something you can get into? What harm could come of making any non US produced good have to pay a State Franchise fee of 10% of value? Each state could enter into an agreement with another state that had same law and thus exempt all states but leave Foreign good taxable. Would be a way around the Federal Gov betrayal of the Country with their love of Globalism. Make this a tea party plank and I will endorse that.
raybans your ideas are not new and very simplistic. If you tax less and the Gov spends less your idea is that the tax money which would of been spent by the Gov for whatever is now spent by individuals thus the eco does not lose money into it but may actually gain.
IF and BIG IF your idea was correct that would be fine but it Is NOT. No law requires that saved tax dollars be spent or if they are spent WHERE and WHAT they will be spent on. The higher the wealth of person the less likely that the money will be spent in the USA or on things that make the eco grow in the USA. The upper 15% of tax payers especially the upper 5% bracket in fact are free to invest in foreign markets or foreign homes or investments which do NOTHING for the US eco. Travel and vacations abroad do little for the US eco except for airlines which may be American owned and staffed. Give the upper 20% tax bracket a tax cut and you will see more travel aboard and more money spent on foreign item bought and brought back to US instead of buying them at stores in US which employees US workers. Ie clothes, jewelry, personal items etc. When the Gov gives the money away even to social programs it goes right back into the US eco as the 60% of lower tax bracket folks do not have much money beyond food,housing,clothes and medical.
If your looking to increase the speed of the eco and the dollars going into it then the money the Gov. gives to poor and public works projects do just that by creating money to flow into the eco or jobs which produce money into a eco instead of unemployment.
We live in a time of GLOBIALISM instead of Nationalism. THE USA is GREEDY driven and would and is sellings itself totally for what they believe is cheapest cost item made foreign which is untrue first and short sighted as well. Europe does not follow that way of thinking and they have more manufacturing for in country use than does the USA. Sorry Ray but your all wet buddy.
dakine I do not think ANY US President has got foreign policy right except Carter and he made his mistakes as well but at least did some things right. The CIA I think is the chief cause or tool used by those who have crafted US foreign policies since the end of WWII. There must be a bad guy and Stalin was indeed that so at first their fears had some basis but after Stalin death the spirit of what he stood for died with him. Putin is a throw back but no where as bad as the American fear of Russia wants to make him. Russia has a lot of problems without adding the US to them but since we always stick our nose in Russian business everything they do to deal with Russian problems we deem an affront to the US. The situation in Chechens with Islamic fundamentalist should of been a wake up call but since we missed the danger in Afghan land and saw only Russian threat we continued to MISS the Islamic problem. Radical Islamic deals more deaths to Russians and Americans than we deal to each other. If Russia stuck its nose into US/Mexico dealings the way we do with Russian issues with its neighbors we be ready to go to war over it.
Once again sadly it is politics not reality that drives the whole Russian madness thing. To appear to be "weak" with Russia is the kiss of death to any election and has been since the cold war days. Politics is the biggest threat to the USA in foreign policy and domestic eco interest and will always be the case.
I do however see light at the end of the tunnel. We and our kind are growing old and dying off and with it the ideas, fears and goals of our age group. The rise of other parties or reformed parties lies 10 years or so down the road. They will always be extremes left over but the middle is growing and will take over.
They will be victims of propaganda as is millions today but the future and its hopes and problems belong to them. We are merely old farts running our mouths both left and right and dying out.
cannon axas has had a better run up than KOG which I also own. KOG however is known and found favor with the Wall Street crowd while AXAS remains a lost duck. Management cut the debt and regain daily production or in fact uped it a little and barely increased reserves and for that the stock went down not up by 10% or so. I am LT in this most frustrating stock and it gets played so while it appears to most that at this price it should be a "safe bet" I wouldn't bet the farm on it. This time last year it was a low 2 buck stock and today it is a low 3 buck stock. 50% in a year has been nice but the question is what about this time next year?
Maybe a low 4 stock is the hope which again would be 33% not bad but what will KOG be? KOG was up 25% in the same year period and to reach 33% increase KOG would have to trade at 14.90. Which bet you like best. If oil goes down below 90 bucks they both will give back some of those gains so not only are the companies a gamble but so too is the commodity in which they both live or die.
Stoopid bubba your name says it all nothing for me to add.
You actually want to judge global warming by one year?
Man you are beyond stupid and most certainly worthy of a true bubba boy of the old south.
gumby Like I said you go ahead and deny the FACT that ALL the glaciers of N. American are in retreat or gone over the last 100 years.
It is not something that happens one year or even 10. I guess the whole reason we sent men to the moon was merely to allow the Gov to spend more money? If you actually believe that then your way beyond help.
Private business and BIG PRIVATE BUSINESS are the benefactors of Gov spending. They always have been and always will be.
NASA in their so called need for science has developed billions of profit for high tech business and all those beloved Military Contractors.
You anti Gov boys just never do get it do you??? The Gov spends money so Corp American can profit and grow the econ and thus more money to spend and more to be made. You boys want to go hide under the bed and deny everything.
Global warming may not be man made or it may be increased by man or it could be out of balance because of man but one thing for sure. We are in a period LONG period of global warming but maybe not under your bed.
Checking out the rates and both VLCCF and Suze rates are below what FRO needs to make money.
cash flow may still be there but rates need to move back up to make some real money for FRO.
Guess that is why it has went below four bucks and of course oil is down. Eco news not that good all working against FRO in ST.
Mr F just keeps on trucking and this time helped me out big time. It seems he is moving FRO2012 into bulk carriers and had lots of new builds for them under contract and he just cut a deal with VLCCF which is not a totally bulk carrier co with only 4 boats but FRO2012 just sold them 6 of their new builds for stock in VLCCF.
I was a big time loser in VLCCF as it was trading down in the 6-7 range not that long ago but today I sold out and took a small profit and couple years of dividends. Thanks Mr. F for the help in moving me from red to green and out in VLCCF.
I am thinking about picking up some FRO shares from my sale of VLCCF may be a little early but cash flow as BS pointed is now positive.
I guess no one is afraid of the dilution of the stock these ships will cost which could effect the dividend for a few quarters IF the new builds don't come on line fast enough.
I doubled down on this stock and got my share price down to where if I get my loss limit sold out I make a small profit and took the dividends. All is well that ends well. Big run up and profit takers will move it back down before close and I think I will get sold out but making money off of what was a real bad loser is nothing to regret.
If the read out is correct I just got sold out lol. Good luck to you all
dakine you are spot on and Russia does indeed have a historical claim to the contested area. I hope Obama fingers are clean on the change of Gov. in the Ukraine and if not then deserves the problems that intervention in a foreign gov will bring with it. Putin is no fool. A nationalist yes but a fool no. He will push the issue and get as much leverage out of the Ukraine Gov as he can which I think down the road is his play.
To let them know they can not just do as they please with the Russian's people who live in the Crimea and would rather be in Russia than Ukraine. Some in the south would rather be in the Confederacy than the union but they lost the war. Russia could win the war but the cost would be too high for Putin's Russian eco to take thus I do not believe it will come to all out war. He may move strong in the Crimea IF the Ukraine Gov. overplays its weak hand. The US and NATO will do nothing military and without that kind of help the Ukraine can't stand up to Russian military might. The cool heads I think need to be in the illegal Gov. that now controls the Ukraine which was not elected to office but took power by force.
Obama should be talking with the Ukraine Gov folks warning them about being too fast and harsh on the Russian people inside their borders. The nation must find a way to unite or it will remain divided.
Sadly Money or eco. is the only reason the US today remains one as even the most right winged understand that apart from the US a state would go belly up without the Federal Gov to make things work. They want to tell the USA how to run but even they do not want to separate from the US. This is not the case now in the Ukraine and must move in that direction and only cool heads on all sides will get there. Putin Will Not allow Russians in the Crimea to be the victims of the present gov. That much I am sure of.
When are things not good in Hawaii lol How goes France? visit often? Take care
goldyhawk all you say MAY be true up the point that you give RR a pass on the fact that HE and not Kennedy or the ACLU defunded the Federal Gov part in keeping people in these facilities. The states were left with cost only. Thus without the Federal funding again withdrawn by your beloved RR hundred of thousands of mentally ill were THROWN OUT. It was not you can leave if you want as you suggest. It was a direct cause and effect. RR defunded the program. If NASA was defunded and NASA closed its doors you would blame and rightly so the President that did the defunding.
Your boy RR in order to cut Gov. spending sent a lot of mentally ill people to the streets. If it had been done over a period of years the states might of been able to take on the cost but they too were hurting as the states are still hurting from the crash of 2009. Anytime the Fed Gov. throws the states onto the tracks there will be a cause and effect in human life form. RR did indeed cause the problem by his rash action. He was a man of rash decision and action with little regard of the effects of such decision. He merely ignored the hundreds of thousands of ill he put on the streets since they unlike Lebanon did not explode in his face with the death of 261 marines. You guys make a big deal out of Benghazi and the deaths of 4 Americans and yet never even think to look at the 261 killed because RR sent them into harms way. Now you try to hide the fact that it was RR who cut the money to the states and forced the closing of hundreds of state ran mentally ill facilities and cutting down of services for those that stayed open.
Obama is offering the States a path into medicade help as he expands the rolls of those on medicade. The states can take him up on the offer and the Fed will assume the major cost of a new program enrollment and slow cost shift back to the states or they can refuse and bare the cost or as Tex does ignore the needs of poor Texans.
liza for once we agree totally. I have went back and looked at the last history available on NG storage numbers and they go back to 1990's and NG has indeed went lower than it is now or I think will go before winter ends. Bottom this year could go to 900's but not lower and it has been down to 600's before. The rise up was steady but the new highs didn't recover totally and for several years the storage numbers were lower then they corrected only to repeat the process. This year I think will be the same.
One Big factor that always looms in NG storage in a traders mind at least is a hurricane in the GOM which historically is were a lot of NG production comes from. I think that has changed some but still if hurricane season brings one or more to the GOM look out below on NG ST prices and storages effects.
Another factor is our eco. clearly this year could be the best of the recovery years and it will be built on better years behind it. In other words NG demand will increase built upon the use from last year. So I do not see a large falling off of demand for NG beyond what it did last year as winter ended but how hot the summer will factor as well as eco growth.
Both things of the unknown. If by some miracle Obama does actually get a NG auto conversion thing at least rolling then the demand side might go up even more. Supply will increase that is a given the only question remains is demand.
obboi All commodity based stock move both with the market and more to the point on the price of the commodity itself. Oil and NG will increase due to supply and demand. Oil and NG supply is increasing so a robust eco is needed both in US and world to increase demand. Winter supplied the demand side for NG for the last 3 months but will soon be gone and demand will be based on growth of demand from eco.
The problem with a MLP of oil and NG is not speculation which I agree can indeed effect the price on the short run but as with chkr the trust was sold on projections that proved very wrong. A trust like BP trust in Alaska oil has been a great investment tool over a long time. Its price went up and down and yes if you called and timed the rises and falls correctly you would of made money that way but if you bought and held the return would of been very good and produced what most who invest in such trust want INCOME.
I see a MLP trust in oil or gas as being like an annuity investment. You put your own money and they give it back to you over the life of the trust. I still thing that chkr will do that but clearly it will give a return as bad as annuities do and had I known the results of the drilling I would not of invested in chkr but in life and in stock nothing is known before had. We can hope and use history as a teacher but in the end their is no sure thing.
The crash of 2009 should of showed all that in a world controlled by unlimited greed nothing is a safe bet.
Even Gold has risk but it always has value. I rarely day trade or ST trade. I do gamble on double downs and sometime I win and sometime I lose. So far I have won more than lose but that could change in the next trade or trades. Commodities are indeed not for the faint at heart. But if anyone followed NG last year it was better than an even bet that winter would bring at least 4 buck NG and it did.
obboi do you ever look at your own post on chkr? One day your saying buy the next your selling. You predicted of high of 14 only missed by a 1.50 mark and then you do a 180 and start the cheer of gloom and a crash. I think your highs and lows show perhaps your own highs and lows which I hope meds can help or totally correct. We all want to buy low and sell high.
If you are only a trader in chkr your plan is totally different from LT holders who bought in at much more a higher price than you.
I said that those that bought in at 10.50 or lower should of sold before the disbursement and take the profit. If you didn't which your post says you didn't you took the disbursement and sold at a much lower price per share. I hope you learned from that mistake if your going to play this stock. If it retreats to 10.50 again which I do not think it will do but could then you buy and hold until the disbursement run up and sell before the x date.
The profit this time will not be as great as last time could of been but should be at least 5% gain. All depends if you want to throw the dice and risk the money for a smaller gain.
NG will go down from where it is now but I still do not see it going below 4 bucks for year average and next disbursement will be given out on a NG spot price of over 50% above the last quarter.
So instead of you selling when CHKR was still in the 12 buck a share price you sould when it dropped to lower 11"s? That after telling everyone ( I assume you believed this for your own investment but maybe not) chkr would reach 14 or higher. Now with no real change than what was present then you have sold and now say your waiting to buy back in? What do you NOW consider a good entry point for your new investment in chkr?
The "Swing" in chkr was done by 2 things. One the price of NG was clearly going to go up driven by a very cold winter demand. THat has happened the other was the distribution of 66 cents which also has happened.
We are now in the post distribution run down in price which so far has reached a low close of 10.82 and has bounced off of it as of today by .45 cents. NG is 4.63
on futures so there will be any weakness in NG below 4 bucks before next distribution and the run up to the distribution I think will reach around 11.75 but could be as low as 11.50 I think the stock will end up higher before next distribution than it today so you may indeed get a low point back down to 10.80 or so to jump on board for a 50-75 cent run up to distribution.
So were you wrong about 14 bucks or just pumping your position?
scs people who go to AA always say they are alcoholics. Some drink and battle it and others no longer drink and battle it. But the temptation is always present due to what happened in their past. I unlike you admit the past which was clearly racist to the core.
Not just in the South by the way. Perhaps you are too young to remember a up front honest Racist America? An alcoholic will never get help or change until he confronts the truth of his condition and try to do something about it. Mandela and MLK I am sure at times had old racist feelings (for good reason also) but their action showed men who could walk above those feelings. Paul freely admitted how his past life, character, religion, and Gov was totally against the Cross of Christ but He changed. Did he show some old dislike of those who remain as he had been? Read Gal and see how deep that dislike went. Yet he continued to risk his life to minister to those that opposed the most.
There is no "class" of " lowest rung " based on color, eco condition, ancestry or sex. To feel that way would be prejudice thinking. The are however individuals who character, actions and mind set make them the lowest rung clearly. Not all whites or blacks or rich or poor or young or old can be found in that groups nor sex for that matter. It takes individual mind set to put your mind in a set of delusion to end up in such a group of folks. They do seek their own to reinforce their prejudices and racism or elitism or just pure selfish desires.
Go find much difference in a 1% outlaw motorcycle gang or the #$%$ or neo Nazis or black street gangs or Hispanic ones. IT is not race that makes them different or eco situation but a mind given over to Hate and delusion. Paul says all you can do for such a person is Pray for them that they may "recover" their right mind. I have met many who now follow Jesus that once belonged to such groups but their minds have been healed.
Wow look at all the guys on this board who has never done much traveling and looking with their own lying eyes to what they see.
The only sane debate is not IF earth is in a warming trend but Why it is warming. If your too poor or to lazy to go visit Glacier Nat. Park and see with your own eyes the evidence of massive glacier retreats and no more glaciers over the last 100 years then use the internet to actually search out some of the glaciers of Alaska, Greenland, as well as the park and other areas were 100 years ago Glaciers were present and today either gone or headed toward even further retreat.
You right brained boys think you have to disbelieve everything that comes out about science as it All is some kind of Gov plot to get you?
Here is a flash for you boys of the right you have eyes use them.
If you want to make the argument that man's pollution does not cause
the warming trend then I think people will look at you as a little more saner but if you want to appear as a Lune keep on denying what even your own eyes will tell you if you turn off fox long enough to look.
You guys would of been on the dock laughing at Columbus as he left to open up one of the greatest capitalist period in our history. You also would of been buying buggy whip stock as cars rolled by you.
Change is the one thing we can depend on and with new facts and new ideas come new ways to make money. Or lose it if you keep denying the facts. The Gov. is not forcing you to invest your money into new techno products of the future so your failure to do so will bring gain or blame on you alone. If you did as much DD on new types of green
energy production as you do denying what all knows is happening you might pick a winner. So far been few winners and lots of losser but the same could be said for the Auto industry change gentlemen or you fail to take advantage of the latest ways to invest. Look for profit not the Gov out to get you at every corner.
Looks like the dividend has a good chance of not dropping below 50 cents and a larger chance of staying right were it is. My bet is they leave it at .65 for the next quarter. Lots of things in the head lines and none of them has any threat of the Fed changing policies any time soon. So why the big drop???