and yes, cordless 18+ volt yard tools are making a huge dent and that will continue.
And not long after the bank will be trying to explain to its customer how they could have been so wrong on the loan, even though oil was down and heading lower. Even T. Boone Pickens has bailed out of oil and he made his fortune in Oil.
Oil is done - end of story - the lies of peak oil are just that - lies. Gasoline should sell for no more than $0.59 per gallon, it should have never gone up to over $4 in some areas and it never will again.
Four Days After Predicting Oil Will Double, T. Boone Pickens Sells All Oil Holdings
Submitted by Tyler Durden on 02/04/2016 18:01 -0500
Just four days ago, on Monday afternoon, "legendary" oilman T Boone Pickens said that crude has hit bottom at $26 per barrel, and predicting that prices should double within 12 months.
Pickens then doubled-down on his wrong call from last year, telling CNBC's "Squawk Box" that oil prices will rise to at least $52 per barrel by the end of the year. That said, he was at least honest enough to admit that his virtually identical call from last year, when he thought prices would strongly rebound, was wrong.
Whether it's $50 or $70 by the end of 2016 will largely be determined by the global economy, he added reiterating the same flawed thesis he used to justify his bullishness a year ago: "We're still building inventories, and we will for the next several months. And then we'll start to draw," Pickens said. "Once you start to draw, you're not going to start back building again. The draw will come here in the next few months. It'll become pretty clear."
He was wrong then, and he will be wrong this time again for the simple fact that while historically OPEC exercised a rational production strategy, as of the 2014 OPEC Thanksgiving massacre, there is no more OPEC, as can be seen by the relentless attempts by roughly half the members to call an OPEC meeting unsuccessfully, confirming what we said in late 2014 - OPEC no longer exists, which means it is every oil produer for themselves.
Get Your Box Tops and Pick a Busy Intersection !!
it off of Google for this company....
Key stats and ratios Q3 (Sep '15) 2015
Net profit margin -78.78% - 272.61%
Operating margin -84.37% -290.52%
EBITD margin -76.11%
Return on average assets -21.53% -66.97%
Return on average equity -53.90% -104.18%
Employees - 8
Oh yeah, the Bank is going to approve that $16.5 million purchase .... lmao !!
Oh, by the way, I saved a copy of it, printed it out with the list of messages that were up at the time, and of course the message itself...it pays to be careful, especially on the SSN Yahoo board.
Yeah, post it back up the Jiimies, I don't know how you were able to delete it, but post it back up. You know there is not even a record of it in Vern's history of posts, now that takes serious editing permissions, like a Yahoo employee, or a friend of an employee....
It was up all day yesterday...I think most everyone saw it, apparently it was too powerful and true, so it was deleted, but yeah, post it back up there...
you be concerned - I would if I had money here...
What is it - where can I find it - ???
Well, Vern posted it, but it got deleted...
lmao Sandy, the Jiimies, and the MMan
Get Your Box Tops and Pick a Busy Intersection !!
started to wonder, just how much money does management take home every year, but looking through the docs I could not find much. I think it's important to know what the yearly draw is on the Company especially considering a planned purchase of $16.5 million from the $19 million credit line.
Now, we do know TB pulls in $900,000 per year, and he does like to attend those Oil conventions, another should be about to be announced as I type, so tack on those expenses too.
Then there are are the other salaries of management and support staff, but I cannot find anything about those additional paychecks and expenses.
Anybody else know?
I think investors and shareholders would like to know.
Currently there is a $19 million credit line at the bank....is that too much to compute?
How about $16.5 million to buy the OAS properties with someone Else's money with only $2.5 million left to pay the bills, and that's also with someone Else's money?
Is that easier for you to compute or can you wrap your mind around the thought of a wife who is hungry, dirty, poor, and mad as h.....ll?
It's extremely difficult to plot one's course forward when one is invested in a company where the products being marketed are selling far below their production costs, worse is the nagging wife syndrome of knowing the only money available to pay the bills is from the Bank....
Yes, it's great to be invested in quality companies....to know the profits are going to build the business and not pay for management's salary...Vern is a wise investor.
key chain and a set of pewter place mats for two wine glasses from the companies I invested in as Christmas gifts, the last gift came yesterday, it's a little late but very nice, a brass logo for my golf bag with the company name and mine as a stockholder.
I'm sure Samson sent everyone on their shareholder list a handsome gift too - I mean after all, a salary of over $900,000 per year would make any CEO of a $0.70, whoops $0.6932 per share oiler excited to send out presents too...
So, what did you shareholders get....?
So you're the new paying customer SandytheUsedOilMaster found....teshfarey...watch the chrome....lmao