http://www.dailyfinance.com/2011/12/22/did-warren-buffett-make-a-bad-call-on-bank-of-america/ this pretty much sums up my view on that
the way natural gas has decoupled from oil is amazing but fundamentally sound. they are not replacements. however, what is it going to do for drillers heavily invested in shale plays.
This decoupling has massively benefited the gas processors (like Enterprise Products, DCP Midstream, Martin Midstream), who benefit from the spread widening between oil and natural gas. A lot of whispers out there about the bottoming of gas prices, and that LNG exports will pick up in the future, which would have an impact of boosting natural gas prices. I haven't seen the detailed demand curve information to truly confirm that, however. Gas popped today though, largely due to the WSJ article talking about the LNG exports, causing a short squeeze (my opinion).
i had an interview with gazprom, interesting how they muscle their way through the european market. if lng becomes viable in europe i totally agree. i believe they would be happy to deal with other suppliers
Guess this is what I don't understand, they blow out expectations, $13B profit, yet the stock is down 1.6%?
Jesus they just absolutely destroyed estimates! 13.87 v 10.10 EPS 46.33 billion v 38.91 billion in sales beat on margins by a couple percent too
Looks like I was wrong... They have $97.6 BILLION in cash right now. Just absurd. That equates to about $105/share just in cash. These guys have to start paying some sort of dividend.
Its amazing to think that they could buy every single NFL, MLB, NBA, and NHL franchise and still have $50B in cash leftover.
most of their cash is held offshore -- would be expensive to repatriate that cash to pay as a dividend or buyback due to a 35% tax rate on that
Actually that goog/aapl spread totally blew up in my face. Was looking good for awhile, but when goog finally broke higher after 2 years of consolidating, and the very next day it falls apart, a week before earnings, that was a major red flag. But yeah usually I look for a little bit shorter term moves, but for that I was looking for a couple years down the road. Maybe it still works out but so far looking pretty ugly. I did load up on gold/silver the day it bottomed though, been scaling out of that lately. And also rode natural gas up 20% from the lows last 2 days. Called that one out to Mango a couple days ago. Anyways, I def deserve the lumps for AAPL on this one.
Yeah I got long some UNG via selling puts last week. Volatility was exploding and the options pricing was getting stupid. I was gonna put on a big trade, but I wanted to give it a little more time since I had been early on trades like that by a few days. ....And gold exploding up on the Fed keeping rates low thru 2014 now and announcing 'QE 2.5'
