"We sense a turn for the better coming in the oil sector," says Peter Way who tracks 'big money' investors for his Block Trader Oil & Gas Report. Here's his look at the "big block" traders.
"When we use the hedging analysis employed in our stock price forecasts, there are significant differences between some adjacent futures expirations. Here's the current picture:
"Front month (November) hedging suggests likely near-term higher prices. But the December contracts are likely to continue the past 3-month price decline - briefly.
The NationCap Leaders PerformIdex includes the largest market cap company from each nation which must also be over $10B U.S. Dollars in market cap to provide investors with exposure to an index of the most highly valued public companies from each nation -- combining and diversifying the benefits of existing ETFs such as iShares MSCI EAFE (EFA), iShares MSCI Emerging Markets (EEM), and Dow Jones Global Titans (DGT).
Although Exxon Mobil (XOM) is down about 20% in the past year, it has overtaken PetroChi
Over the summer, my twelve-year-old son proclaimed that he was going to be the world's first zillionair! I had to explain to him that if he achieved that lofty goal he would be the only one because that is more capital than exists today; unless he meant Zimbabwean dollars. I suggested that long before he owned the whole planet there might be a few objections here and there.
This got me thinking about my pal Warren, a frequent topic of conversation in business and investme...
The stock market was down yesterday and it is down again today. Bearish sentiment is roaming through Wall Street right now, so I thought I would look back on another occasion when the market was going through similar turmoil and I wrote about the following eight stocks, which I though
PetroChina Company Limited, together with its subsidiaries, engages in petroleum and natural gas related activities in the People’s Republic of China. The company’s Exploration and Production segment engages in the exploration, development, production, and sale of crude oil and natural gas. Its Refining and Marketing segment involves in the refining, transportation, storage, and marketing of crude oil; and the wholesale, retail, and export of refined products. This segment’s refined products include diesel, gasoline, fuel oil, naphtha, asphalt, kerosene, paraffin, and lubricants. As of Dec
Its earnings declined significantly over the same quarter in 2007 due to increased special earnings levies and government price controls of refined products.
Petro China is on everyone's radar these days, and although I've been seeing quite a bit of spam posts on Chinese stocks, which is a somewhat bearish sign, in case you are interested there's a very detailed analysis on Petro China from a traders perspective and very nice charts.
Since recommending PetroChina (PTR) at $109 back in March, I think it's prudent to take a little off the table since it closed at $181 today. It boast an amazing $324 billion market cap. Up 8% today or $24 billion increase just because it's going to be listed on the Shanghai exchange? Seems kind of ridiculous if you ask me. I would like to say I sold some today but I actually sold some on
If you have been following the energy markets lately you would have noticed that Light Sweet Crude hit an all time intraday high of $80.17 in electronic trading today. Whether the U.S. economic slowdown will put downward pressure on oil remains to be seen. I remain bullish on oil and crude oil trading volume. I am long both the NYMEX ( NMX ) and the Intercontinental Exchange ( ICE ). The global growth story will remain bullish for energy trading and demand. Today I increased my energy exposure with the addition of CNOOC ( CEO ), a Hong Kong based diversified energy company. CEO is mor...
Interesting Reuters article on Warren Buffett cutting back on his PetroChina stake. Even Ray Charles could see it makes sense to take profits in this stock, especially since its a Chinese company. And I love this part:
But activists say the sale of 93 million shares by his Berkshire Hathaway Inc also showed the prominent U.S. investor had been swayed by human rights groups who have flagged PetroChina's parent's ties to Sudan.
Bull. Anyone who saw Buffett's appearance on Charlie Rose back in May knows the concerns of "activist" had zero impact on his decisions regardin
This company has suffered as many companies from a sell off of Chinese stocks. However, the economy still remains strong in China and international exposure continues to rise in anticipation of the Olympics and in general.
Oil is mandatory for this growth and this company is well positioned with its contacts and holdings to benefit from this growth.
PetroChina(PTR) is the largest oil and gas producer in the People's Republic of China; about 90% of its shares are state-owned by China National Petroleum Corp. (CNPC) Fundamental Historics -steady...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Data powered by QuoteMedia.
All Rights Reserved.
Data delayed 15 to 20 minutes unless otherwise indicated.
Terms of Use.
None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
Over the summer, my twelve-year-old son proclaimed that he was going to be the world's first zillionair! I had to explain to him that if he achieved that lofty goal he would be the only one because that is more capital than exists today; unless he meant Zimbabwean dollars. I suggested that long before he owned the whole planet there might be a few objections here and there.
The stock market was down yesterday and it is down again today. Bearish sentiment is roaming through Wall Street right now, so I thought I would look back on another occasion when the market was going through similar turmoil and I wrote about the following eight stocks, which I though
