Furthermore, I don't believe that Eastern port cities and the railroads would be spending billions in preparation for increased shipping traffic without expecting big returns. Just my thoughts.
I don't believe that Panama would be spending billions on the canal expansion unless they expected more traffic to move to the East Coast. And this will mean two way traffic for the eastern rr's. They will receive more imports that would have been destined for western ports, which will increase the eastern rr's business. But many forget that it'll be a two way street. After the newer/larger panamax ships have unloaded their goods at the eastern ports, they will want to load up again on exports from the USA before beginning their journey home. The eastern rr's will transport an increased volume of imports inland while also transporting an increased volume of exports back to the ports. GLTA CSX longs.
Cramer said CSX (CSX_) is interesting. "There's re-pricing going on," he said of the railroad. "It's a good buy."
It's always bad news for a company/stock when Cramer gives them a 'thumbs up'.
On Jan 15th of 2013, eleven months ago, the pps of CSX stood at $20.78. So, if what you predict turns out to be true and the pps of CSX is at $30 on Jan 15th 2014, then CSX will have gained $9.12 in it's value over that period of time. And that's a gain of over 44% in the twelve month period. And that gain doesn't include any dividends that CSX has paid out nor any of the tax advantages that dividends or long term capital investments offer.
As a CSX long, I hope your prediction turns out to be correct. I hope that on Jan 15th 2014, the pps for CSX is even higher than $30 a share. In any case, CSX has done alright by me. Good luck to all CSX longs.
Retiredcsx, you left out the most important opportunity for growth in 2015, and that's the completion of the expansion of the Panama Canal which is sure to move more cargo in to eastern ports and eastern rr's.
"It's taken a lot of patience. "
I disagree, it has not taken a lot of patience. The pps has risen 41% in 12 months, what kind of patience is needed for such a rist?
Wintoat has been bashing, shorting, and pounding his poor head against a brick wall for the last 13 months. OUCH!!!!
That's right, 2 1/2 years ago, the pps for OXY was at $114 a share. Other major oil company's pps's have gained significantly during the same time period. The only saving grace for the stock and it's shareholders has been an increase in dividends on an annual basis.
Mr. Chazen needs to come up with a plan, and soon, to increase shareholder value.
Cramer pumps almost everything, except FE. He opined that, despite the 6% FE dividend, he's not interested in any 'underperforming' utility stock like FE.
Seriously, it's time to vote the management out of office, they've become rich and shareholders haven't.
Now it's $35 and there have been no dividend increases or share buybacks in that period of time. FE management has done nothing at all to increase shareholder value, they are only concerned with holding on to their plum positions, incentives/perks, and bonuses. It's long past time that everyone of the management team was voted 'OUT' and that any financial compensation is held to a minimum for them. What have they been doing for the last 5 1/2 years? Nothing for shareholders, nothing at all.
It seems that oil companies, like COP, who reorganize, divest, and become smaller are doing better than the giant 'Exxon'. In 2006, the new Exxon CEO outlined his stragety. His strategy was 'stay the course', no changes. Because of that strategy, Exxon has lagged the other major oil companies when it comes to delivering shareholder value.
In the past five years, Chevron’s shares have risen 62 per cent, Conoco’s 85 per cent and Occidental’s 76 per cent, but Exxon’s are up only 18 per cent. Exxon is soo big that it fails.
(Reuters) - ConocoPhillips (COP) expects about $8.9 billion in proceeds from the sale of assets in Kazakhstan, Algeria and Nigeria and reported a better-than-expected quarterly profit due to higher oil and gas prices.
ConocoPhillips and other U.S. oil companies are selling assets abroad to cut exposure to political risk and conflict, focusing instead on the domestic shale boom and more profitable oilfields at home.
The main black spot cited by ConocoPhillips in its third-quarter results on Thursday was disruption in Libya, which led the company to reduce its full-year production forecast.
The company said it expects full-year production from continuing operations to be in a range of 1.505 million to 1.515 million barrels of oil equivalent (boe) per day.
It had earlier forecast output in 2013 to be 1.515 million to 1.530 million boe per day.
NEW YORK (MarketWatch) - ConocoPhillips reported its third-quarter profit rose to $2.48 billion, or $2.00 a share, from $1.80 billion, or $1.46 a share, a year earlier. Adjusted for asset sales and other items, the oil company earned $1.82 billion, or $1.47 a share, up from $1.70 billion, or $1.38 a share a year earlier, the company said Thursday. Analysts had expected earnings of $1.46 a share, according to FactSet. The company said it met production targets in the third-quarter, but trimmed its fourth-quarter production outlook based on disruptions in Libya by 50 million barrels oil equivalent per day
Regulator OKs ConocoPhillips to begin fracking in Canadian Arctic
Canada's National Energy Board approves an application by ConocoPhillips (COP) to begin exploration drilling in the Northwest Territories, the first permission granted for fracking in the Canadian Arctic north.
The regulator authorizes COP to drill two exploration wells near the town of Norman Wells, an area that has been a site of conventional oil drilling and production for decades.
OXY did beat comfortable, no question about. However, during the last 2 and 1/2 months, the pps for OXY has risen from $85 to $96, a gain of about 13%. This significant rise in the pps was due to investors buying shares because Mr. Chazen announced that OXY would unveil plans, in October, that would substantially increase shareholder value.
Chazen/OXY did announce a couple of meaningless and insignificant possible sales of assets in October. But they didn't announce anything that would increase shareholder value and shareholders are disappointed in the lack of forthcoming 'reorganization' news from Chazen/OXY. Expectations weren't met, despite the good quarterly report. It was not any market manipulators or short sellers that caused today's loss in the pps. Instead it was shareholders who decided to sell after the 'good news' because Chazen/OXY didn't follow through on announcing significant plans to increase shareholder value.
Despite the good news, investors/shareholders were disappointed. I have been long in OXY for many years. But OXY's pps has been stagnant for years. They definitely need to reorganize to increase shareholder value.
I'm also long COP, they reorganized their operations and the pps increased 50% over the next year and a half. Chazen and his management team are responsible for the fall in the pps today, because they failed to deliver.
One final thought; OXY is not a short term investment, so don't pay too much attention to daily/weekly/monthly pps fluctions. Stay with OXY for the long run and you'll do okay. Good luck to all OXY shareholders.
There's always shareholders who want to unload shares. Many wait for good news, like a good quarterly report, to unload their shares. The decline in OXY shares, after a good quarterly report, isn't an unusual occurrence. Also, I believe that shareholders are not satisfied with the progress that OXY is making at increasing shareholder value. So far, OXY management has only released small and insignificant plans toward reorganization.
OXY shareholders should expect another annual dividend increase in 2014!
Oct 29 (Reuters) - Occidental Petroleum Corp reported a 15 percent rise in quarterly profit on Tuesday as the fourth-largest U.S. oil company increased its oil and gas production in its home market.
Oxy's third-quarter net profit was $1.58 billion, or $1.96 per share, up from $1.38 billion, or $1.69 per share, a year earlier. Net sales rose 8 percent to $6.45 billion.
"COP is a great long term stock"
We'll see if that's true. I believe it will be the case and have all my COP shares in a DRIP plan. But, let's wait for a minimum of 5 years to see if COP is a great long term investment. Time will tell and good luck to all COP longs.