Question-and-Answer SessionOperator [Operator Instructions]. Our first question comes from Mr. Roger Read. Your line is open. Roger Read - Natixis Bleichroeader I guess my questions, you talk about the Danny and Phoenix fields both bringing on significant production in 2010. Are you still cautious about providing what you think...
Tax Credits for a greener America are in fashion. In each case, we may as well admit up front that these type of programs amount to taking money from all taxpayers to fund pet environmental whimsy of the environmental crowd. The State of Florida, amongst others, had rebate programs to save the planet in place until it ran out of money. The solution? Use federal stimulus money to front it. Astute investors and consumers will take advantage of these programs to a certain degree, hopefully after reading the fine print (such as the up to $4500 of TAXABLE income that was credited to those who transacted in the recent vehicle "clunker" program).[More...]
The bonds led the market down with a sell-off in the 10 yr and a spike in rates after fears started to rise in the bond market that the Treasury may not be able to control rates. The 10 yr yield finishing the day at 3.707% which is a substantial pop from ...
With the US equity market averages either probing or breaking down through their November lows, is it time to buy Phoenix stocks? Others have picked up on that theme, with the latest being a Minyanville article on buying beaten up stocks. With that in mind, I screened the US market for stocks with the following characteristics: Stock price between $1 and $5 (low-priced stocks)Down at least 80% from a year ago (beaten up)Market cap of $100 million or more (were once "real" companies)Net insider buying in the last six months (some downside protection from insider activity) This screen gives us a list of low-priced[More...]
During the most recent economic and market downturn the most unlikely of sub-sectors has been the worst under-performer within the Energy Sector. Services stocks, often time viewed as stalwarts within the industry, have been absolutely destroyed this year with some of the mega-caps like Schlumberger Ltd. (SLB) leading the way. This is ...
Andrew Coffey CoffeyGrinds with Dr J on MN1.com
Today we talked about the Upcoming IPO’s Like IPG Photonics[IPGP] and Artis Medical [ARTE] That removes wrinkles. Cal Dive International [DVR] and the dividend to [HLX] Helix Energy also Dr J from Optionsmonster clues us in on the inter workings of the upcoming CBOE deal and the other exchanges. An informative conversation and a little about the CME NMX and the VIX price under 11. Worth a listen or join us live 9:15am CST.
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