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General Motors Company Message Board

supor450 206 posts  |  Last Activity: 9 hours ago Member since: Apr 21, 2008
  • supor450 supor450 Apr 30, 2014 3:07 PM Flag

    continued...

    "“Gas looks a lot better than it did, but oil looks even better at $100,” Scott Hanold, an analyst at Royal Bank of Canada, said in the article. “Operators are getting pretty strong returns in most of the major oil plays. Without a sustained gas price at $4.50 or higher, producers don’t have enough confidence to put gas rigs back to work.” [More Upside for Energy ETFs]

    Without a substantial increase in supply, natural gas inventory levels could rise to 3.422 trillion cubic feet by late October, or 11% short of last year’s levels for the same period, according to the Energy Information Agency."

  • Not much that we don't already know. From ETF Trends:

    "With U.S. energy companies focusing more on crude oil production, natural gas prices and related exchange traded funds could burn brighter.

    Goldman Sachs calculates that natural gas could trade between $5.75 and $6.5 per million British thermal units before enticing energy producers to switch over to natural gas production, reports Christine Buurma for Bloomberg.

    NYMEX natural gas futures currently trade around $4.8.

    Oil drillers switched to crude oil in 2012 when natural gas futures dipped to a decade low. Despite the spike in natural gas prices due to increased demand in an unexpectedly cold winter, crude oil remains the more profitable commodity. According to Baker Hughes data, the number of natural gas drilling rigs in the U.S. is at around a 21-year low.

    “You need either $6 gas or oil at $70 a barrel for drilling to switch back to natural gas,” Salil Sharma, vice president and portfolio manager at Loomis, Sayles & Co., said in the article. “The industry has both the resources and the ability to fill the storage deficit. It’s just a question of at what price.”"

  • Reply to

    Gas Stations

    by yahutag Apr 29, 2014 4:37 PM
    supor450 supor450 Apr 29, 2014 7:11 PM Flag

    Pride precedes your fall, a hard fall...

  • supor450 supor450 Apr 28, 2014 11:16 PM Flag

    "So JCP rallied because one of their vendors said JCP is "comping positively"? "

    JCP rallied today because the market likes what this major vendor is saying, and takes it generally indicative of JCP's progress.

    Why any reasonable, even-handed person would dismiss a vendor's comments, an unbiased data point, is beyond me.

  • Just passing along news that might explain the action today:

    "Shares of retailer J.C. Penney (JPC) are rising after apparel maker PVH Corporation (PVH) stated at a conference that it feels its business at J.C. Penney is strong and running "ahead of time." PVH’s portfolio of brands includes Calvin Klein, Tommy Hilfiger, Van Heusen, and Izod. WHAT'S NEW: During its presentation at a retail conference hosted by Nomura earlier today, PVH's Chairman and CEO Manny Chirico said that the company's business is "pretty strong" right now at J.C. Penney and is "running ahead of plan." He said that in the dress furnishings inventory, the retailer has inventory levels back to where they "should have been." Chirico also said the company's Van Heusen and Izod sportswear business are "very strong" at J.C. Penney and they have also been running ahead of plan there. He said that based on the trends that PVH saw on the Men's side of the business, those brands seem to be performing at a much higher level. While Chirico said he can't make a broad statement, he believes the company's business is comping positively. The CEO added that he expects more positive results from its brands at J.C. Penney and the company is encouraged by everything it has seen over the last 4 to 5 months at the retailer. WHAT'S NOTABLE: Also during the Nomura conference, PVH's Chirico commented on the company as a whole by saying that with some better weather there is some pent-up demand that's coming. PVH's challenge for Q1 into Q2 will be more on the margin line and, as a whole, the company is in a good position competitively versus last year, the executive added. "

  • supor450 supor450 Apr 25, 2014 11:31 AM Flag

    They call economics the "dismal science."

GM
35.74-1.67(-4.46%)Jul 24 4:01 PMEDT

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