In the face of a 25% fall in the Baker Hughes/GE Rig Count, US Crude Production rises to 12.9mil BBL/Day. This speaks to the enormous strides the US energy industry has taken to reduce costs through prudent application of technology and adjustments to operating procedures. The broad trends of increasing exports of Refined Products(13% growth) and crude oil continue, while crude imports are gradually replaced by domestic production.
Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis.
His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a RealMoney.com contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.
With the horrific broad daylight murder of “remain” supporter British MP Jo Cox at the apparent hands of a neo-Nazi sympathizer rattling the UK electorate, and political lines looking... read more
CNBC's David Faber speaks with John Malone, Liberty Media, about the future of Disney and the changing landscape of media.
H/T Dataroma
Malone: I see split of Disney, ESPN spun off
[drizzle][/drizzle] read more
Those who invest in volatility-based ETFs are not receiving the same protection as those who invest in the VOLATILITY S&P 500 (INDEXCBOE:VIX) directly, claimed VIX inventor Robert Whaley at an... read more
Ever since May, a bearish cloud has been hovering above JPMorgan Chase & Co. (NYSE:JPM). May marked the public disclosure of embarrassing trading losses valued at $2 billion. The losses were publicly... read more
In many ways this is perhaps my most personal essay, not because I’m about to share some deep and dark personal revelation (I can almost hear the collective sigh... read more
St. Louis Federal Reserve Bank President James Bullard told Bloomberg TV's Michael McKee today that 2013 "is going to be a better year. I am probably more optimistic than... read more
We covered the 2015 Harbor Investment Conference hosted by Bill Ackman. Below are very informal notes from the entire conference, which included, Larry Robbins of Glenview Capital Management, Todd Sullivan of Rand Strategic... read more
Jpmorgan Guide To The Markets for Q4 2016 is out!
Where are the markets headed in 2017? On New Year’s Eve, JPMorgan’s Global Market Insights Strategy team, headed by Dr.... read more
Starvine Capital Corporation investment commentary for the third quarter ended September 30, 2016.
Also see
Q3 2016 hedge fund letters
Q2 2016 hedge fund letters
Q1 2016 hedge fund letters
Overview
Outlook: Macro is overrated;... read more
Tonight at Fortune's Global Forum conference in San Francisco, CA Theranos CEO Elizabeth Holmes defended her company, explaining to Editor Alan Murray that they need to do a better... read more
